Tokyo, March 19 (Bloomberg) -- The Japanese government will coordinate with the U.S. if problems emerge in the currency and stock markets from the impact of a possible U.S.-led attack on Iraq, Chief Cabinet Secretary Yasuo Fukuda said. ``We have general discussions, and if something happens we will obviously consult and cooperate with each other,'' Fukuda told reporters at a regular press briefing. He said the U.S. and Japan don't have a specific agreement to stabilize markets. Fukuda was responding to a question about a meeting last week between Cabinet Advisor Haruhiko Kuroda and U.S. Treasury officials.
``They talked generally about the necessity of taking broad crisis management measures, including those related to currency and stock markets and the economy,'' Fukuda said. ``As always, whenever we foresee something, we obviously have these talks.'' Fukuda said the government doesn't expect any global panic as a result of the situation in Iraq. Japan's Nikkei 225 Stock Average today fell to a 20-year low for a fourth time this month. The Nikkei declined 92.77, or 1.2 percent, to 7861.69 at the 11 a.m. close in Tokyo. The yen was at 118.71 against the dollar, from 118.87 in late New York trading Yesterday. //www.quote.bloomberg.com