“Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan. Weidmann is the latest in a string of policymakers worldwide to warn of the threat of a ‘currency war’ as central banks pump out cash to support their economies, reducing their value in the process.”
http://www.reuters.com/article/2013/01/21/ecb-weidmann-currency-idUSL6N0AQCMF20130121
