Japan will closely communicate with the United States and other Group of Seven countries in any actions it takes in response to a rapidly weakening yen, Finance Minister Shunichi Suzuki said on Tuesday.

Suzuki made the remarks as the Japanese currency hovered around 20-year lows against the dollar, stoking worries about boosting the cost of living to households.

"Stability is important and rapid moves as seen recently are undesirable," Suzuki told reporters after a Cabinet meeting.