TOKYO (AFX-ASIA) - Bank of Japan governor Masaru Hayami said he believes the US is not opposed to the central bank's action to prevent a further decline in the dollar/yen as it is an attempt to stabilise world financial markets. "It is important to stabilise major currencies such as the yen, dollar and euro so, in that context, I think the US will not be opposed to dollar-buying intervention," Hayami told a regular press conference. "Dollar-buying intervention is one of the means to stabilise major currencies. Japan is stepping into the market at the proper time," he said. "We cannot foresee what will happen in the future, therefore we need to put most attention on the moves in the stock and forex markets," he said. "In the past week the forex market moved due to factors such as the approaching corporate half-year reporting period and fluctuations in world stockmarkets after the attacks on the US," Hayami said. He added that aggressive sales of dollar-denominated bonds also helped weaken the dollar, as well as developments in structural reforms in Japan, particularly financial-system restructuring. "Japan's stock and forex markets are showing signs of stabilisation. I think there will be no problem for companies through the earnings season, with only three days to go before their half-year book closing," he said. "Banks' current performance is fairly good so I don't think there is any need to inject public money into the banks," Hayami added. "Japan's financial system will not be immediately disturbed, even with stock prices at current levels," he said. Hayami said the upcoming G7 meeting, which has not yet been scheduled, will provide opportunities for cooperation in stabilising economies. Officials have said the meeting may go ahead next week. "The G7 member countries will exchange opinions on the economic situation after the terror attacks and discuss concerted policy measures," he said.