The Group of Seven finance ministers' meeting planned in the city of Sendai next year will be held on May 20 and 21, Finance Minister Taro Aso said Friday.

"We would like to hold a heart-to-heart discussion in a relaxed atmosphere as the town is in harmony with the natural environment," Aso told reporters.

"It would also be an opportunity to show our efforts to rebuild Tohoku," which was devastated by the massive 2011 Great East Japan Earthquake and tsunami, he added.

Sendai, the capital of Miyagi Prefecture, is the largest city in the region.

The gathering of finance ministers and central bank chiefs will be held prior to the 2016 summit in Mie Prefecture on May 26 and 27.

The G-7 includes Britain, Canada, France, Germany, Italy, Japan and the United States.