以下为句子列表：
英文: A year ago the BoJ declared deflation dead and ended its five-year experiment with “quantitative easing”, which involved flooding the market with excess liquidity.
中文: 一年前，日本央行宣布通货紧缩结束并完成为期5年的“定量放松”尝试，使市场充满过剩流动性。
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英文: All these are symptoms of a chronic price deflation that shows no sign of abating.
中文: 上述种种都是价格长期下跌的征兆，尚无迹象显示这种下跌趋势会有所缓和。
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英文: Appreciation is likely, instead, to generate deflation before the external surpluses re-emerge.
中文: 相反，汇率升值有可能在外部盈余出现之前导致通货紧缩。
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英文: But is deflation really a threat in today's economy?
中文: 但通货紧缩对今天的经济真的是一种威胁吗？
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英文: Deflation had killed the appetite for risk.
中文: 通货紧缩杜绝了人们冒险的欲望。
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