There have many conflicts with the policy of deflation administration. So it is vital now to define the conduction of deflation.

各国对通货紧缩的治理也存在着政策上的冲突，要实现对通货紧缩的有效治理，必须明确通货紧缩的传导机制。

youdao

The finance ministry blames the bank of Japan for failing to tackle deflation. The central bank blames lax fiscal policy for the country's debt.

财务大臣谴责日本银行未能解决通货紧缩，而央行则怪罪针对国家负债的宽松财政政策。

youdao

The Federal Reserve is pursuing a policy of inflation out of an erroneous fear of deflation.

出于对通货紧缩的过度担忧，美联储正在执行会导致通胀的政策。

youdao

From 1929 to 1932 the main government in the firing line - America - operated a pro-cyclical policy of deflation: that is, making the downturn worse in the belief that it would "cleanse the system".

BBC: Thinking outside the 1930s box

For that unmentionable must be part of any policy to rid Japan of deflation.

ECONOMIST: The yen

No such edifying gauntlet faced the government officials and politicians who brought down 70 telecom companies through a series of egregious policy errors of telecom reregulation and monetary deflation.

FORBES: Magazine Article