jython, the interpreter, interprets by compiling Python code directly to 
Java byte code
and then executing the byte code.  The granularity of code compiled depends
on how the interpreter is used.  You can pass it an entire source file 
to be compiled
and run at once; or, in interactive mode, it works line-by-line.  You 
can also
compile code and repeatedly execute it without requiring recompiling.

jythonc, the static compiler, does produce an intermediate Java source 
file.  I believe
that someone has (or had) a goal of making both jythonc and jython work 
the same.
 




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