Some of the consequences have been long foreseen, like deflation: as more Japanese retire and live off their savings, they spend less, further depressing Japan's anemic levels of domestic consumption.

人们早就预见到了其中一些后果，如通货紧缩：较多的日本人退休后，会靠储蓄生活，他们花的钱变少，又会进一步加剧日本国内消费的不足。

youdao

If we had something like the Japanese deflation I'm sure Milton would say: Pour more money into the system.

如果我们喜欢日本式的通货紧缩，我可以肯定米尔顿会说：把更多钱注入系统。

youdao

Deflation, on the other hand, increases debt, and feels like being smothered by a lead blanket.

通缩则相反，它会加重债务负担，感觉就像盖着灌了铅的被子一般透不过气来。

youdao

That might produce a result that looked like deflation even though the economy would be stronger and growing.

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The main difference is that inflation acts like cancer, while deflation behaves more like a heart attack.

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Many are more worried about deflation, like what has crushed the Japanese economy since its stock market peaked in 1989.

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