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UPDATE 1-BOJ's Kuroda sees no excesses building up in markets

(Adds quotes, details)

* BOJ's ETF purchases not distorting markets -Kuroda

* Sees no big risks for Japan's economy ahead

* G20, G7 did not discuss currency moves -Japan official

WASHINGTON, Oct 13 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in U.S., European and Japanese markets as a result of heavy money printing by their central banks.

Kuroda also dismissed some analysts' criticism that the BOJ's purchases of exchange-traded funds (ETF) were distorting financial markets.

"We buy ETFs as part of our quantitative easing programme," Kuroda told reporters after attending the G20 finance leaders' gathering in Washington. "I don't think our purchases are causing any big problem in the market."

The International Monetary Fund painted a rosy picture of the global economy in its World Economic Outlook earlier this week, but warned that prolonged easy monetary policy could be sowing the seeds of excessive risk-taking.

Kuroda said that while policymakers should not be complacent about their economies, he did not see huge risks materializing as a result of their policies.

He added that Japan's economy was on track for a steady recovery that will likely gradually push up inflation and wages.

"I don't see any big risk for Japan's economy. But there could be external risks, such as geopolitical ones, so we're watching developments carefully," he said.

A senior Japanese finance ministry official said currency rate moves were not discussed at the G20 meeting or a gathering of G7 finance leaders held on the sidelines. (Reporting by Leika Kihara; Editing by Paul Simao)