It would have been irresponsible for us to allow the risk of a deflationary outcome in the United States to persist without decisive policy action.

如果不在政策上有所动作，听任美国的通缩的风险持续下去的话，那么这将是不负责任的行为。

youdao

Until deflationary Japan sees consumer prices rise between 0% and 2% (with an unofficial aim of 1%), the near-zero policy rate will remain (as it has done for ages).

在通货紧缩的日本能够目睹消费者价格上升比率在0%到2%之间(非官方的目标是1%)之前，接近零利率的政策将不会有所松动(就像它一直以来一样)。

youdao

The sobering lesson is that conventional policy may not prevent a prolonged deflationary slump.

一个深刻的教训是传统的政策也许并不能阻止长时期的通缩衰退。

youdao

The BOJ is reaping the whirlwind of what it sowed a dozen years ago, when it embarked on its aggressive deflationary policy.

FORBES: Fact and Comment

Japan suffered the double whammy of deflationary policy in concert with a governmental aversion to failure that sets its economic growth back immeasurably.

FORBES: The Myth About the Myth of Japan's Two Lost Decades

Even sound Germany has a slightly deflationary monetary policy because it lacks a reliable compass.

FORBES: Fact and Comment