Carstens steps up IMF bid in China and Japan

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Carstens steps up IMF bid in China and Japan

Carstens steps up IMF bid in China and Japan
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On the campaign trail for the top IMF job, Agustin Carstens is visiting Asia.

The Governor of the Bank of Mexico already has the backing of 12 Latin American countries, who want someone from outside of Europe. However, neither Brazil nor Argentina have publicly supported him.

Wooing Asian countries will be vital as he attempts to beat front-runner, French Finance Minister Christine Lagarde.

In Tokyo on Friday Carstens said it would be premature for him to comment on whether he earned Japan’s support for his bid to become head of the fund.

Speaking to reporters after meeting Japanese Finance Minister Yoshihiko Noda and Bank of Japan Governor Masaaki Shirakawa, said he explained his views on the fund and his ideas on Japan’s role.

“The Japanese finance minister listened very carefully to my position,” Carstens said. “It is still premature, but I had a good discussion with him.”

Lagarde has the backing of European countries. Few countries outside Latin America, however, have expressed support for

The United States and Japan, with the two largest voting shares in the IMF, have not yet announced who they will support
for the top post.

The IMF board is due to choose the next head of the global lender by June 30.