No need for G7 FX move, govt share buy: Japan Eco Minister

Japanese markets have not become destabilised enough to warrant joint G7 currency intervention or government purchases of shares, Economics Minister Kaoru Yosano said, stressing that the damage from last week's devastating quake to the country's economy would be limited.

"I don't think stock and currency markets are in a state of turmoil," Yosano said, when asked whether the G7 advanced nations should jointly intervene in the currency market to stem yen rises.

"We would like to get psychological support from the G7," he told Reuters in an interview on Thursday.

Group of Seven finance leaders are expected to hold a conference call this week to discuss the global market fallout from the 9.0-magnitude earthquake that hit northeast Japan last Friday.