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In other words, the reflation trade is retreating, another wish of the finance ministers coming true, at least for now.

换句话说,通货再膨胀交易(译者注:押注全球经济将复苏,从而推高利率水平和大宗商品价格)的策略正在失宠,这实现了八大工业国财政部长们的另一个愿望,至少暂时是这样。

Assuming, as above stated, that this fall of prices is not interfered with by reflation or otherwise, there must be (4) A still greater fall in the net worths of business, precipitating bankruptcies and (5) A like fall in profits, which in a "capitalistic," that is, a private-profit society, leads the concerns which are running at a loss to make (6) A reduction in output, in trade and in employment of labor.

假设,如上所说,这属於价格不干预的通货或其他方式,就必须有( 4 )更大的下降,净值得的商业,沉淀破产和( 5 )喜欢的利润下降,这在"资本主义",即一个私人的非营利的社会,领导的关注,正在运行处於亏损状态,使( 6 )减少产量,贸易和就业的劳动力。

If either is inhibited by reflation or regulatory forbearance, then a cost is imposed on productive works, whether through inflation, higher interest, diversion of consumption, or taxation to socialise losses.

如果是抑制通货或监管忍,那麼成本是对生产力的作品,无论是通过通货膨胀,高利息,转移消费,或税收社交损失。

Since 1997, the trend of deflation has been appeared in our country , the commodity retail price index, the residents consumption price index and the production material trade price index all have been appeared to be negative growth, the increase extent of money supply and the money circulation velocity also have been appeared to decline.

1997年以来,我国出现了通货紧缩的趋势,商品零售价格指数、居民消费价格指数、生产资料批发价格指数均出现了负增长,货币供应量增幅和货币流通速度也出现了下降的趋势。

Politically, the falling yen is seen in the larger backdrop of Japan's broader problems, including deflation and weak consumer demand.'I worry about it. I think it's a sign of how uncertain things are,' said Eisuke Noguchi, a 39-year-old salaryman.

政治上讲,日圆的走软被放到了一个大环境下来看待──日本更广泛的问题,包括通货紧缩和消费需求疲软。39岁的工薪族Eisuke Noguchi说,我对此感到担心,我想这是表明形势不确定的一个迹象。

Nikko Citigroup strategist Kazuhiko Sano said the 1.56% level hit on June 11 will probably prove to be the year's high-water mark.

由于日本仍在努力摆脱通货紧缩,预计日本国债对国内投资者还会继续具有吸引力。

Focusing on the silver, this paper discusses the deflation and inflation of Ming dynasty as follows

本论文以白银为固定视角考察明代的通货紧缩与通货膨胀,论述的主要内容包括

Not long after, discoveries of gold in the Klondike and the Yukon led to an increase in gold reserves, which had the same net effect on liquidity as moving to a silver standard – the US economy eventually reflated.

不久以后,在克朗代克河与育空河一带发现了金矿,导致黄金储备增加,从而货币供应量也增加了。这与布莱恩倡议的银本位制效果相同,美国经济最终凭此走出了通货紧缩。

Second, by concluding the situation of Chinese economic running, find out the law of the transformation of Chinese economy from deflation to inflation and even the alternation and simultaneousness of them.

二,通过对1998年至今我国经济运行状况的总结,找出我国从通货紧缩到通货膨胀转变甚至短期交替、并存的规律。

By reviewing Chinese economic developing process from 1997 to the present, the cause of the transformation of Chinese economy from deflation to inflation and even the alternation and simultaneousness of the two phenomenon in short-term which made Chinese economy can not develop healthily and quickly will be unveiled. In this article I also will bring forward some countermeasures that would overcome the instability of Chinese economic development from the views of the industrial development, the regional development, the monetary policy and the fiscal policy.

本文通过对1997年至今这段时期我国经济发展历程的回顾,指出了造成我国经济发展从通货紧缩到通货膨胀甚至短期交替、共存,不能保持健康快速发展的原因,并从产业发展,区域发展,货币政策及财政政策方面对如何克服经济发展不稳定进行了对策探讨。

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