Central banks in China, South Korea, Taiwan, Singapore, and Thailand, fearful of losing competitiveness relative to Japan, are easing their own monetary policies – or will soon ease more. The European Central Bank and the central banks of Switzerland, Sweden, Norway, and a few Central European countries are likely to embrace quantitative easing or use other unconventional policies to prevent their currencies from appreciating.
中国、韩国、中国台湾、新加坡和泰国等地的央行担心丧失相对日本的竞争力，正在放松各自的货币政策——并且很快会加码放松。欧洲央行和瑞士、瑞典、挪威以及一些中欧国家的央行也可能采取量化宽松或采用其他非常规政策阻止货币升值。