diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 1dfdf69c5..768fea7be 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "16.7.0"
+  ".": "16.7.1"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4c8a92ad0..48e4459c0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,13 @@
 
 [1]: https://www.npmjs.com/package/release-please?activeTab=versions
 
+## [16.7.1](https://github.com/googleapis/release-please/compare/v16.7.0...v16.7.1) (2024-01-25)
+
+
+### Bug Fixes
+
+* **php-yoshi:** set "version" if it's in composer.json ([#2192](https://github.com/googleapis/release-please/issues/2192)) ([5e6186f](https://github.com/googleapis/release-please/commit/5e6186ff8c57435b293c64b84e63fd9a05c30f1c))
+
 ## [16.7.0](https://github.com/googleapis/release-please/compare/v16.6.0...v16.7.0) (2024-01-03)
 
 
diff --git a/package-lock.json b/package-lock.json
index e917edbd5..ec1910d34 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "release-please",
-  "version": "16.7.0",
+  "version": "16.7.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "release-please",
-      "version": "16.7.0",
+      "version": "16.7.1",
       "license": "Apache-2.0",
       "dependencies": {
         "@conventional-commits/parser": "^0.4.1",
diff --git a/package.json b/package.json
index 41b583918..4024e285c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "release-please",
-  "version": "16.7.0",
+  "version": "16.7.1",
   "description": "generate release PRs based on the conventionalcommits.org spec",
   "main": "./build/src/index.js",
   "bin": "./build/src/bin/release-please.js",
diff --git a/src/index.ts b/src/index.ts
index ad7942bc5..a774da418 100644
--- a/src/index.ts
+++ b/src/index.ts
@@ -63,5 +63,5 @@ export const configSchema = require('../../schemas/config.json');
 export const manifestSchema = require('../../schemas/manifest.json');
 
 // x-release-please-start-version
-export const VERSION = '16.7.0';
+export const VERSION = '16.7.1';
 // x-release-please-end