The US has run up budget and external deficits over the years to fuel its consumption spree, thanks to the dollar's status as the reserve currency.

这几年来，基于作为储备货币的美元的现状，美国已经提高了它的预算和对外赤字来推动消费热潮。

youdao

For the United States, the consequence was elevated consumption facilitated by asset price inflation, easy underwriting standards for credit and structural budget deficits.

对于美国来说，结果就是资产价格上涨、宽松的信贷担保标准以及结构性财政赤字，为消费水平不断上涨提供了便利。

youdao

The budget constraint is going to have a different slope to it and preferences will be different over this horizon between consumption then and consumption now.

预算约束线的斜率会有所不同，人们对即时消费和延期消费的偏好，也会有所不同。

youdao

The budget constraint is going to have a different slope to it and preferences will be different over this horizon between consumption then and consumption now.

预算约束线的斜率会有所不同,人们对即时消费和延期消费的偏好,也会有所不同

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Though Mr Yosano, the chief secretary, is a firm advocate of raising the consumption tax to plug Japan's budget deficits and pay for future pensions, Mr Abe appears in no mood to launch such a debate.

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When Parliament's budget committee debated a proposal to repeal Japan's consumption tax in December, Obuchi found himself sandwiched between two coalition partners with conflicting views.

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On the economy, the differences among candidates turn on whether a rise in the consumption tax is needed to plug a gaping budget deficit and bring down the high levels of debt incurred when Japan tried to spend its way out of slump in the 1990s.

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