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This paper analyzes the state of effectiveness of the Japan"s monetary policy during deflation. The Japan"s monetary policy has stepped into liquidity trap. The "zero interest rate policy" cant increase investment and stimulate the economic growth.

本文分析了日本通货紧缩时期的货币政策的效力状况，日本货币政策已陷入流动性陷阱，零利率政策没有增加银行贷款和带动投资，最终刺激日本经济增长。

Deflation has been paid close attentain to by academic circles and govern ment departments around the globe.On the basis of investigating the related literature of deflation at home and abroad,the auther of this paper puts emphasis on studying China"s deflation,including its cause of formation,mechanism of the formation and effectiveness of monetary policy during deflation by qualitative and quantitative analyses,positive and normative analyses,theoretical analysis and case confirmation;then points out the orientation of China"s monetary policy by raising the efficiency of monetary policy in the future and avoiding deflation.

本文在分析研究国内外在通货紧缩判断标准、形成机理、治理对策等方面研究方法及研究现状的基础上，采用实证分析与规范分析相结合，定性分析与定量分析相结合，理论概括与实践归纳相结合的方法，从多方位、多角度对产生中国目前通货紧缩的原因进行分析，从理论上梳理出中国目前通货紧缩形成的逻辑过程，并对通货紧缩时期货币政策的效果及未来货币政策的取向进行了深入分析和有效探索。

In Japan, following the collapse of the bubbles, the government reduces the rate forwardly, then the economy fall into the state of low inflation rate and low interest rate. Being afraid of inflation, the Bank of Japan is reluctant to further relax the monetary policy leading to the economy reviving very crisp. Under the external impact, the economy fall into the deflation, and the rate policy loses its effectiveness.

日本则是在泡沫经济崩溃后，政府为了促进经济增长，主动降低利率，进而使经济进入了低通胀低利率状态，但由于日本央行害怕通货膨胀，不愿意进一步放松货币政策，导致日本经济的复苏非常脆弱，在外部经济的冲击下，经济进入了通货紧缩状态，利率政策失效。

The experience of other countries shows that traditional monetary policy can lose its effectiveness under a deflationary environment.

其他国家的经验表明，传统的货币政策在通货紧缩的环境下失去效用。

Saturation should be measured in the very sealed fields.Some errors between the measured values and the original values would exist due to the degasification and volatilization of tested samples,which influences the effectiveness of saturation data.Therefore,it is important to correct the measured saturation values.

饱和度的测定是在井场密闭良好的情况下进行的，但由于在测量过程中饱和度样品存在脱气、挥发等损失，使得实际测量值与原始值之间存在较大偏差，这势必影响饱和度资料的应用效果，因而要对饱和度测量结果进行校正。

Theywere temperature sensitivity,physiological vernalization requirement,photoperiodsensitivity,intrinsic earliness and filling duration(growing degree-day),reflecting thegenetic characters of different cultivars in thermal effectiveness,vernalization,photoperiod response,minimum flowering time and filling duration.

阶段发育模型引入温度敏感性、生理春化时间、光周期敏感性、基本早熟性和灌浆持续期五个遗传参数，分别体现了不同品种小麦在热效应、春化作用、光周期反应、最早开花时间以及灌浆期长短这五个方面的遗传特性。

Its effectiveness in inhibiting bacterial action and mold makes it an excellent preservative (in delicatessen meats, marinades, cheese, fish, etc.).

它有效率的抑制细菌作用和发霉，是一种优秀防腐剂(在熟食肉里、卤汁、乳酪、鱼等)。

The Vindicator is usually deployed in support of squads during street fighting or in dense terrain,such as jungles,where the demolisher cannon's lack of range does not hamper the vehicle's effectiveness.

辩护者通常在巷战或雨林之类的复杂地形战斗时部署于支援分队之内，那种情况下毁灭者加农的短射程不影响车辆的有效使用

Experimental results demonstrate the effectiveness of this system.

实验结果验证了该系统的有效性。

Simulation results demonstrate the effectiveness of this method.

仿真结果验证了此方法的有效性。

Bob Eckert has been chairman and chief executive of Mattel for eight years.

美泰董事长兼首席执行官鲍勃·埃克尔特在任已8年。

The outlook for honors and disgraces carries on and surpasses the traditional outlook for honors and disgraces theoretically, and carries on and develops the theory of construction of socialist mora...

社会主义荣辱观的提出在理论上是对传统荣辱观的一次继承和超越，是对社会主义道德建设理论的继承和发展，在实践上有利于形成良好的社会风尚。