Partly as result of such entrenched deflation, and the associated waning of risk appetite, nominal GDP in Japan is at its lowest level since the first quarter of 1991.

目前，日本名义GDP处于自1991年第一季度以来的最低水平，部分原因就在于如此根深蒂固的通缩，以及风险偏好的相应减弱。