以下为句子列表：
英文: And as deflationary risks persist, the Bank of Japan is likely to increase rates only gradually.
中文: 既然通缩风险依然存在，日本央行就可能只是逐渐升息。
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英文: But it is also important to avoid a deflationary bias, which would impose unnecessary costs on society and risk undermining the political basis for the inflation targeting regime and the independence of the central bank.
中文: 但同样重要的是避免通货紧缩的偏向，这种偏向将给社会带来不必要的成本，也会产生通货膨胀目标制和中央银行独立性所依赖的政治基础被逐渐削弱的风险。
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英文: In a deflationary economy, however, you can pump money in, but if confidence is gone the economy can continue to deflate.
中文: 在一个不断通缩的经济中，你总是可以向经济中注入货币的，但是一旦市场失去信心，经济通缩局面就会不断持续下去。
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英文: It warns: “Many employers, particularly those who operate in fiercely competitive and generally deflationary markets such as retailing, have seen their pay structures compressed.
中文: 英国零售商协会警告称：“许多雇主，特别是那些在零售业等竞争激烈、普遍处于通缩市场上经营的雇主，发现他们的薪资结构受到了挤压。
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英文: The new economy does not mean we'll never have anther recession or even a deflationary spiral.
中文: 新经济并不意味着我们将永远摆脱新一轮的衰退或是避免落入通货紧缩的旋涡。
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