TOKYO (AFX-ASIA) - Foreign exchange rates are not likely to be a priority item at the upcoming G7 meeting to be held in Canada, Haruhiko Kuroda, vice finance minister for international affairs, said in an interview with Kyodo News. "Exchange rates are always discussed at G7 meetings. But I don't think they will be a major topic of discussion this time," Kuroda said. G7 finance ministers and central bank governors are more eager to discuss how soon the Japanese economy will start to recover, Kuroda said. "Since Japan's economy continues to contract, the other nations' interest will naturally focus on the timing of its economic recovery," Kuroda he said. Kuroda said deflation in Japan will aggravate bad-debt problems of Japanese banks and delay much needed financial-sector reforms. "We would like to show them our determination to try to stop deflation and push through structural reforms," he said. At the G7 meeting, Kuroda said, Japan will discuss the country's efforts to promote industrial restructuring, nurture new businesses and accelerate deregulations. He added that G7 participants are likely to discuss in detail the expected economic recovery of the US.