By Tetsushi Kajimoto
TOKYO (Reuters) -&nbsp;Finance&nbsp;Minister Shunichi Suzuki said on Tuesday that&nbsp;Japan&nbsp;would&nbsp;chair&nbsp;a Group of Seven (G7) financial leaders'&nbsp;meeting&nbsp;on Wednesday in&nbsp;Washington&nbsp;to discuss the global economy and financial markets, the strengthening of supply chains and the Ukraine crisis.
The&nbsp;G7, which includes Britain, Canada, France, Germany, Italy, the United States and&nbsp;Japan, is expected to reaffirm its solidarity in providing financial support for Ukraine and sanctions against Russia,&nbsp;Japanese officials have said.
Suzuki said&nbsp;Japan&nbsp;wanted to explain its financial support for Ukraine to&nbsp;G7&nbsp;peers, as Tokyo proceeds with legal revisions needed to provide loans and other measures to back the war-torn country.
"As we lead the debate as&nbsp;G7&nbsp;chair, we will exchange frank opinions about recent market developments and inflation and want to maintain close coordination on international cooperation in strengthening of supply chains," Suzuki added. He was speaking to reporters shortly before leaving for&nbsp;Washington.
The&nbsp;G7&nbsp;financial leaders'&nbsp;meeting&nbsp;will be held on the sidelines of International Monetary Fund and World Bank annual gatherings.
At the broader G20 gathering, which is&nbsp;chaired by India this year, financial leaders are expected to discuss support for developing countries that are saddled with debt and other issues surrounding global economy, Suzuki said.
"Japan&nbsp;has actively contributed to debt problems and support for developing countries. We want to explain&nbsp;Japan's efforts and to promote international cooperation," he added.
Developing countries have accumulated debt after years of cheap money channelled via advanced economies' monetary easing. A more recent interest rate tightening cycle, with the exception of&nbsp;Japan, has made it harder for some of those countries to repay debt.
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(Reporting by Tetsushi Kajimoto; Editing by Tom Hogue and Jamie Freed)

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Japan to chair G7 finance meeting in Washington