A senior International Monetary Fund official said on Friday that the yen is broadly in line with Japan's medium-term fundamentals, and urged the country to focus on efforts to raise competitiveness and growth potential. David Lipton, the first deputy managing director of the IMF, told Reuters in an interview that the Fund's main concern is whether Japan could forcefully implement structural reforms to shore up its sliding potential growth and export competitiveness. Lipton is in Tokyo for consultations with Japanese officials ahead of the release of an annual report on the world's third-largest economy. "If ... (full story)