这种巨额赤字是避免通缩所必需的。
这些国家是否也将面临通缩呢？
通胀和通缩最终都属于政策选择。
Inflation and deflation are, at the end of the day, policy choices.
她和其他人反而仍在担心出现通缩。
通缩反过来又提高了负债的真正支出。
这是一个严重通缩的时期。
如今，这个国家深陷于通胀与通缩之间。
通缩的威胁也依然存在。
We also are still talking about the real possibility of deflation.
实际上，许多经济学家仍在担心通缩的可能。
Indeed, the possibility of deflation still has many economists worried.
目前通缩的迹象很少；
为什么通缩是问题？
一次大的经济衰退肯定导致通缩。
他们有工具试图抵御通缩，也确实应该使用它们。
They do have tools to try to ward off deflation, and should use them.
技术方面的物价通缩是一个可亲眼见证到的奇迹。
如果日本跌入通缩陷阱，遭受痛苦的决不止他一个。
If Japan were to fall into a deflationary trap, it would not suffer alone.
通缩无疑是更大的风险。
以通缩为例。
在抗击萧条和通缩的过程上，能源政策也可以发挥重要作用。
Energy policy could also play an important role in counteracting both depression and deflation.
在抗击萧条和通缩的过程上，能源政策也可以发挥重要作用。
Energy policy could also play an important role in counteracting both depression and deflation.
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