By Leika Kihara

WASHINGTON (Reuters) -Japan told its G7 counterparts that policymakers must be vigilant against excessively volatile and disorderly moves in the currency market, Finance Minister Katsunobu Kato said on Wednesday.

Kato also said he confirmed with U.S. Treasury Secretary Scott Bessent an agreement made last month on exchange-rate policy during bilateral talks, held on the sidelines of the G7 and G20 finance leaders’ gathering in Washington.

“We’ve seen some rapid yen falls last week. It’s desirable for exchange rates to move stably. We are vigilant to any excessive volatility in the currency market,” Kato told reporters.

The yen has whipsawed in recent days due in part to Japan’s political uncertainty, as new ruling party leader Sanae Takaichi’s bid to become the country’

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