washington oct 12 reuters  finance leaders of the group of seven advanced economies said on wednesday they will closely monitor recent volatility in markets and reaffirmed their commitment that excessive exchangerate moves were undesirable recognising that many currencies have moved significantly this year with increased volatility we reaffirm our exchange rate commitments as elaborated in may 2017 the g7 finance ministers and central bank governors said in a statement released by the us treasury department the g7 finance leaders met on wednesday on the sidelines of the g20 and international monetary fund imf meetings held in washington this week under the commitment agreed on may 2017 the g7 agreed that excess volatility and disorderly currency moves have negative impacts on their economies and financial stability japan has been pushing hard to include a warning on recent currency moves in the g7 statement as it struggles to address the yens slide to 24year lows against the dollar in the statement the g7 also said the groups central banks are strongly committed to achieving price stability and closely monitoring the impact of price pressures on inflation expectations the g7 will continue to appropriately calibrate the pace of monetary policy tightening in a datadependent and clearly communicated manner ensuring that inflation expectations remain well anchored while being mindful to limit the impact on economic activity and crosscountry spillovers the statement said