The fundamental reason that a reflationary shock is needed in a postbubble period is tied to the need to reduce the real burden of debt.

• 之所以如此，根本性原因在于，泡沫破裂之后，经济主体削减债务负担的要求非常迫切，要实现 这个目的，就需要实行通货再膨胀；