The dramatic depreciation of the currency caught even some economists off guard.

货币的大幅（剧烈）贬值是那些经济学家也始料不及的。

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Foreign currency depreciation is a result of economic depression in the country concerned.

外汇贬值是有关国家经济不景气的结果。

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Those higher interest rates paid by countries with large external deficits were supposed to compensate investors for the risk of currency depreciation.

这些对外经常项目大额赤字的国家用本币支付较高利率来补偿投资者的通货贬值的风险。

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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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This adds to a general lack of confidence in the local currency caused by memories of its depreciation during the economic crisis of 2001.

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