And on some counts today's post-bubble policy challenges are more complex than anything Japanese policymakers ever faced.
在一些问题上，今天后泡沫时代的政策挑战比当时日本的决策者面临的任何挑战都更复杂。
Pessimists point to Japan's travails as a lesson in how a deflating asset-price bubble and a vast overhang of debt can defeat all that monetary and fiscal policy can throw at it.
悲观主义者以日本的痛苦经历作为一个教训，告诉我们资产价格泡沫破灭和巨大的债务负担是如何击败所有可以实施的货币和财政政策。
But if it does not tighten policy soon, a full-blown bubble is likely to inflate.
但是如果不尽快收紧政策，一个真正的泡沫可能会膨胀。
Nor were Japanese policymakers any slower than American ones to cut interest rates and loosen fiscal policy after the bubble burst, contrary to popular misconceptions.
与长久以来的误解相反的是，在泡沫破灭后，日本的决策者在减低利率，执行放松的财政政策上，并不比美国慢。
The macro economic condition that set up the crisis stemmed in part from policy choices: the Federal Reserve ignored the housing bubble and kept short-term interest rates too low for too long.
宏观经济条件激发了危机，但部分原因是政策的选择：联储忽视了房市泡沫并且让利率在低水平停留了太长的时间。
On one hand, rising inflationary pressure and the prospect of a stock-market bubble have policy makers concerned.
一方面，通胀压力的加大和股市泡沫的阴影令决策层感到担忧。
This trade policy is composed of the policies of bubble, compensation, net proceeds and accumulation of emission amount.
大气排污交易由泡泡政策、补偿政策、净得政策、排污量存储政策组成。
Equity markets generally welcomed cuts in capital gains tax and on savings, and an expansionary fiscal policy helped cushion the blow after the bursting of the dotcom bubble.
股市对资本收益税和储蓄的减少基本持欢迎态度，而扩张型财政政策缓和了网络泡沫破灭的冲击。
I could imagine this producing significant problems, for example, if the policy has helped fuel a bubble in real estate or stock prices that later collapses, or if inflation breaks out more broadly.
我能想像到它所产生的重大问题，例如，政策是否加大了房地产和股票价格的泡沫，或者爆发范围更广的通货膨胀。
To avoid the wreckage of real estate bubble is to abstain demand of speculation and keep the balance of the supply and demand in real estate by efficiency government policy.
抑制房地产泡沫的产生首先要避免过度的投机需求，并通过有效的政策，实现房地产市场供给和需求的平衡；
Many issues have been involved in this debate, e. g. issues related to Maekawa Report, international policy coordination, bubble economy, assets depreciation and national monetary supply.
争论还涉及《前川报告》、国际政策协调、泡沫经济、资产价格减缩和日本银行的货币供给政策等一系列问题。
Many issues have been involved in this debate, e. g. issues related to Maekawa Report, international policy coordination, bubble economy, assets depreciation and national monetary supply.
争论还涉及《前川报告》、国际政策协调、泡沫经济、资产价格减缩和日本银行的货币供给政策等一系列问题。
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