Christine Lagarde commenting on Japan:

  • Monetary policy with an inflation target is a “good and interesting project if associated with clear independence of the central bank,”
  • “The recently announced fiscal and monetary package is intended to create growth in the short term,”
  • “We are not supportive in any shape or form of attempts to create competitive devaluation and open currency wars.”

There is no photo of Lagarde accompanying the article, so I wont bother waking Gerry up

:-)

IMF chief calls BOJ’s inflation target “interesting” project