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Carstens, who served as the IMF's number three from 2003-2006 before returning to Mexico City to become finance minister and then central bank chief, admitted earlier this week that beating Lagarde would be difficult.
Global stock markets fell sharply Thursday amid fears that Greece's debt crisis is spiralling out of control and fresh worries over China's economy.
Stock market has its best day in June on steady retail sales; the Dow is back above 12,000.
Olli Rehn, the European commissioner for economic and monetary affairs told Sueddeutsche Zeitung in an interview to be published on Tuesday that a solution for the Greek sovereign debt crisis was not as far off as some might think.
The central bank will examine adding up to 1 trillion yen (8 billion pounds) to a 3-trillion-yen loan scheme aimed at encouraging banks to lend to industries with growth potential.
Bond funds and funds buying foreign stocks attracted net deposits, as investors became less confident about the U.S. stock market, amid signs that the economic recovery is weakening, the New York-based fund industry consultant said.