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disengagement 撤退

The storming of Rafah is the latest in a series of violent incidents in Gaza since the Israeli “disengagement” three months ago, following almost four decades of occupation.

old guard 保守派

crippling 壊滅的な、致命的な、長引く

crippling damage to 〜　〜に壊滅的なダメージ

Another is a rise in bond yields that imposes crippling costs on the service of the government’s gargantuan debt.

hunker down しゃがみ込む

They have been heavy net sellers of shares, to the tune of \25 trillion ($215 billion) since the market bottomed, while foreigners have dived in. Ordinary Japanese, in other words, are still hunkered down against deflation.