G-7 will most likely preserve its position on foreign-exchange market unchanged at its next meeting scheduled for this weekend.

"At present, I don’t think there would be discussions on changing the foreign-exchange stance of the G-7 nations" said Japan’s Finance Minister Sadakazu Tanigaki in the statement issued after the past year’s meeting in Boca Raton, Florida.

Mr. Tanigaki said the influence of rising energy costs will be discussed in their next meeting. He added: "We must avoid a situation in which the global economy gets hurt."

Japan’s Finance Minister thinks that some countries may get hurt although Japan has become less sensitive to the surging oil prices.

Addressing the Chinese-Japanese relations, the minister has stressed that it "it’s important to keep up" the discussions, and said the two nations have often exchanged their views on the many issues.

"It’s impossible to do away with all of the differences" between the two nations, Mr. Tanigaki said alluding to the vehement demonstrations in China in response to the release of a history textbook in Japan and Japan’s intention to become become a permanent member of the United Nations Security Council. "It’s important for the leaders [of the two nations] to understand that, despite the differences, Japan and China need each other" as neighbors, he said.