WASHINGTON, Oct 8 (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Friday that finance leaders from the Group of Seven nations agreed at a meeting that excessive and disorderly foreign exchange movements are undesirable.
Noda added that he believed he had gained the understanding of his G7 counterparts regarding Japan's stance on currency market intervention during an informal dinner meeting.
"We did not discuss anything about the future, but I believe we've gained understanding on our basic stance," Noda told reporters after the meeting.
Currency tensions have risen to the top of the agenda for the G7 and IMF meetings as policy makers deal with a drive by many of the world's economies to cap the strength of their currencies.
Tokyo intervened in the currency market for the first time in six years on Sept. 15, as the yen's steady rise against the dollar has threatened to derail Japan's export-reliant recovery from its worst recession in decades.
Investors remain on full alert for further intervention by Japan as an unexpected drop in U.S. payrolls data pushed the dollar to a fresh 15-year low against the yen on Friday. (Reporting by Leika Kihara; Editing by Edmund Klamann)