Agustín Carstens is Governor of the Bank of Mexico

Comments crossing (via Reuters):

  • Important to remain vigilant to ensure inflation is on track to reach target of 3 percent
  • Inflation has been affected by various shocks which are expected to be transitory
  • Inflation likely to remain above six percent in the next months
  • Inflation does appear to be reaching its peak
  • Expects inflation to start downward trend in the final months of this year, and that trend accentuates in 2018, leading to convergence towards 3pct target in third quarter of 2018

If you averaged out Mexico and Japan they'd both be content with inflation I guess.