The term “currency war” was coined to be able to give a wording to the battle that the countries of the world seem ready to unleash with the issuance of money. In fact, in 2013 the central bank of Japan seemed to be preparing to carry out maneuvers to increase inflation in order to have more money printed.
The decision would have had serious repercussions on the citizens’ purchasing power, since in this way the currency would have devalued and the goods would have increased in price.
However, the matter was resolved in a stalemate and during the G20 conference in Moscow the presidents of the central banks denied these rumors.
However, the term has remained to indicate the monetary policy manoeuvres that the various countries adopt against each other. All the maneuvers that are aimed at making one currency appreciate against another fall precisely under this wording.
