竞争性贬值 meaning in English

competitive depreciation
competitive devaluation

The main risk from japan appeared to be the possibility that any sharp weakening in the yen might trigger a round of competitive depreciation among regional currencies
日本对区内构成的主要风险看来是一旦日圆迅速转弱，可能会引发区内货币新一轮的竞争性贬值。
Even ignoring the fallacy of competitive devaluation , this claim assumes that the nominal exchange rate on its own is a reliable measure of an economy s competitiveness
即使我们撇开竞争性贬值的谬误不谈，这个意见假设名义汇率本身是评估经济竞争力的可靠指标。