G7 Ministers in 2008
IMF Staff Photograph/Stephen Jaffe
The Group of Seven nations may release a statement in response to the currency war rhetoric that has so far elicited reactions from countries such as France and Germany.
The reactions were triggered by what is perceived as Japan's new aggressively expansionary monetary policy.
The statement, to be released during theG20 Finance Ministers' and Central Bank Governors' Deputies Meeting , is expected to reaffirm the G7's commitment to "market-determined" exchange rates.