In fact deflationary pressures could bring about the start of a major depression like the one in the 1930s.
"We see additional ease as absolutely necessary to prevent deflationary pressures."
The continuing squeeze on public sector pay will deepen the deflationary pressures.
That's the reason for recent under-performance as the market expects deflationary pressures to persist.
The latest leap in the yen only adds to the deflationary pressures already burdening Japan's economy.
Those we call allies are taking actions that add to the deflationary pressures on the United States.
It gives American exports a boost and helps counteract deflationary pressures.
Such deflationary pressures, pessimists note, set off the Great Depression.
Banks built up their capital reserves and made fewer loans, which intensified deflationary pressures.
Throughout the 19th century, greater deflationary pressure was avoided only because paper and deposit monies were widely substituted for gold coin.