Deflation increases the real (inflation-adjusted) debt burden, as well as the real interest rate. Though there is little evidence of the importance of small changes in real interest rates, the effect of even mild deflation on real debt, year after year, can be significant.
通缩增加了真实（经通胀调整的）债务负担和真实利率。尽管没有证据表明真实利率的微小变动事关重大，但哪怕是略有通缩，年复一年对真是债务的影响也是巨大的。