IMF’s Lagarde on Japan’s expected 2% inflation target: “Interesting”

By: Eamonn Sheridan

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