The Group of Seven major economies have agreed to more aggressive action to fight financing of terrorism.

Finance leaders of the G7 said Saturday following talks in northern Japan that they would increase exchanges of information on financial intelligence, reduce the level of cross-border transactions subject to disclosure and collaborate on targeted sanctions for terrorists' financial networks.

The announcement followed two days of talks ahead of a G7 summit to be held in central Japan's Ise region next week.

The officials spent Friday discussing ways to use monetary policy, government spending and longer-term reforms to help support growth.