On the contrary, as inflation falls over time and possibly goes to actual deflation, we sink deeper into the trap.

相反，当通货膨胀随着时间降低而且有可能走向事实上的通货紧缩时，我们陷入了更深的困境。

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It is now caught in a trap between inflation and deflation.

如今，这个国家深陷于通胀与通缩之间。

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Irving Fisher, an economist who worked in the first half of the 20th century, called this the debt deflation trap.

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But Japan must also act "to finally break free of the deflation trap" and it needed to "rely more on monetary policy to kick-start growth".

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Japan seems to be stuck in a classic liquidity trap: it needs lower real interest rates to boost demand, but because of deflation they are stuck painfully high.

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