I suspect a lot of places are trying to at least depress their currency. We're at a weird point in history where a lot of technological influences on the econom

I suspect a lot of places are trying to at least depress their currency. We're at a weird point in history where a lot of technological influences on the economy are deflationary, to the point that a lot of money printing is required just to keep the inflation rate somewhat steady. Add a desire to be competitive on wage costs against other nations and some of the measures being taken look rather aggressive.