currency deflation

Without alterations in consumption and saving, currency appreciation might create deflation, instead.

如果中国的消费和储蓄状况不变，那么人民币升值反而可能造成通缩。

So it is sheer absurdity to say China is exporting currency deflation to Japan.

至于中国向日本输出通货紧缩,那更是无稽之谈.

Comparative Research on the Theory of Currency Deflation Conduction

通货紧缩传导理论的比较研究

The relationship between currency values and inflation or deflation is equally strong in other countries.

其他国家中，货币价值与通货膨胀（或通货紧缩）之间的关系也同样密切。

Currency deflation often goes along with economic recession with a worse influence than inflation.

通货紧缩往往伴随有经济衰退,其对经济的影响可能比通货膨胀更严重.