Not every Chinese citizen is in the position to export cash, so the next best tactic for the nervous is to buy gold, a refuge from plunging property prices and declining stock markets as well as an anticipated depreciation of their currency.
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Newly installed Prime Minister Shinzo Abe has made the depreciation of the currency one of the centerpieces of his controversial economic program, so there are expectations of aggressive tactics from the Bank of Japan, especially now that Masaaki Shirakawa announced on Tuesday his intention to step down early as its governor.
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Such expansionist monetary policies in and of themselves, in isolation regarding the fiscal policies, ultimately lead to a depreciation in the value of the currencies of emerging countries -- rather they lead to a depreciation in the value of the currency of developed countries, thus impairing growth outlooks in emerging countries.
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We also bought Sony, a major beneficiary of currency depreciation.
These developing countries often intervene in currency markets to prevent currency appreciation and its negative effects on their balance of trade resulting from currency depreciation and manipulation in other countries.
Investors were awaiting a meeting of Group-of-20 finance ministers in Moscow later in the week, which is expected to confront the issue of deliberate currency depreciation.
This adds to a general lack of confidence in the local currency caused by memories of its depreciation during the economic crisis of 2001.
What would really help the market, and stocks like Canon, whose earnings are largely in foreign currency, is depreciation of the yen.
So any significant repatriation of those funds would cause a significant depreciation in the Brazilian currency, the real.
Antitrade activists frequently suggest that free trade is a "race to the bottom" and lobby for currency depreciation in order to improve the export position of American firms.
If Greece still had its own currency, it would depreciate substantially against other currencies and much of the necessary reduction in Greek real income would take place via that currency depreciation.
Depreciation may help the domestic economy, but it inflicts a loss on foreign holders of local-currency government bonds.
And the local currency's 18% depreciation against the U.S. dollar since the onset of the Asian financial crisis has brought costs way down.
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