Between these deficits, large surpluses for Germany and Japan reappeared – as they have in the 2000’s. Some of the late 1970’s correction did follow from renewed intense US pressure for fiscal and monetary expansion, but that expansion caused inflationary pressure, which the Japanese and Germans then predictably blamed on the US.
在赤字年度之外的年份里，德国和日本的巨额盈余又卷土重来了，比如20世纪的头10年。实际上，20世纪70年代后期的几次修正往往是由美国新一轮财政和货币扩张所致，美国的扩张政策又转化成通胀压力，于是日本人和德国人自然对美国人大为恼火。