кѥ˥塼

޸Ρкѥ˥塼̤ưͻ֥Ǥϵ岹Ȳ˻ߤΤúи󾧤ޤиӽиȤϰ㤤ޤߤʴ㤤ΤǤ

2010ǯ10

TV俷ʹϡǾ̤ɥ󤵤줿Ȥ礭夲櫓ǤǤ
TVΤημ夲ˤϥޥǼޤ󡣳ޤǡǤ礦

ɤƼΤ˿褦ƻλʤΤǤ礦

Ρ٥ʿ¾ޤͤͿ뤳Ȥ˹Ĥ񡣤ơΥ˥塼󤸤
񡣤ơΡ٥ʿ¾޼޼Ԥ̾ͥåȤƤޤ

ǡäƤϡٽ򷫤֤Ƥ櫓Ǥ⡢
ХåȤơ¤Ѥ߾夲ǡ

μԡܤʸȤäȤƤ⡢ܤιdz
Ȥϲ

⤷ܿͤιdz䤷顢Ϥɤȿ򤹤Ǥ礦ơ
ܤΥޥߤϡȤäȤɤΤ褦󤸤Ǥ礦

ɤͤƤޥߤƻˤϥХ᤮Ƥ롣Ȥˤؤˡؤˤȡ

ȤǡΤǤ⤽Ǿ̤ȤΤˡΥʥС3о
ΤǤ礦ޤξǥʥС3ȤäƤ⡢μϼԤǤΤʤС
ʤȡۤˤʤʤΤǤ礦

ΤȤСǾ̤ϡ줾ιΥȥåƱΤä礤
̣櫓Ǥ줾ιˤϡ줾θʬäơ㤨С̳ʤδ
νƱΤä򤵤ƤԿơ̳ƱΤä礤򤵤ƤϤä
Ÿšʤʤǡ줾˷⤢뤬ϥȥåƱΤʢää
Ȥ˰̣Ǥ

󡦥ХбϤɤǤ礦ïܤ򶲤ƤǤ
褷¦Ŷȡܤϡ褦ȤƤΤǤϤ
ȡܤեԥ٥ȥʥޥ졼֥ͥʤɤȰˤʤäΩ
ȤƤǤϤʤ⡢Хåˤƹ񤬤뤸ʤȡϰȯ
ĥȤ٤ȡ

ޤܤȤμǾ̤ɥ󤷤ܤѤ򤫤뤳ȤˤʤС
ʳι񡹤ФܤͤľǤȡ

ˤƤ⡢᤬ˤ٤ȻפäƲ̤򥭥󥻥뤷Ȥ
⡢ä礭ϤƯƤȻפΤǤΤʪϡɤ
Τ褦˹ư뤳Ȥۤ̿Ƥ롢ȡ

ޤɽΩäܤȰꤹ褦ʸʤ̿˻뤳ȤѤ˺
ΤǤ礦Сγ̳ääȰ򤹤Τݤ褦
򼨤ƤޤɽȤ΢ʢˡȤȤǡɽǤϲ񤨤ʤ΢Ǥϲ񤦤ȤǤ
ΤȤȤʤΤǤ礦ɽ¦̾ФƤѤǤФȹǥХ
󥰤ˤäƤޤ顢ȡ

̤Ȥơϭ̤äΤϹ̤ˤʤäȤȤʤΤǤ礦

ޤǤƲ̤򤹤ɬפΤǤ礦

֤ˤʤޤϥʥС3褷ƼǾǤϤʤΤǤˡ¦
Dz̤򤹤ʤơޤǥץ饤ɤĤơϲȤ
ΤǤ礦

кŪס

Ȥ顢̱粽٤Ƥ⡢ʤȤϾⵤˤʤʤȤȤʤΤǤ

δط̯ˤʤȡޤƹ񤬸Ǥܤϡĥ¤˸
Ϥ٤ȡ

ʤȤΤƹΤʤ褯ʬǤȥåƱΤβ̤󥻥
줿Ȥۤơ軰Υȥåפ롢ȡޤڹΤ餸Ƥ
褦ǤξԤ˰򤵤褦ȤƤޤꥫǤʤȤ
ƤΤϹ̳䡢פ˶ĹǤ櫓ǤǼޤ


ϤơϤäꤻ󤫡Ȼפå򤪴ꤤפޤ
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Υȥ꡼ϤƤʥ֥åޡɲ

ƹ79μ¼GDPȯɽˤʤޤ

ǯΨ2.0οӤˤʤäȡ

2.0󤷤Ӥʤäȼ뤫ϡ2.0⿭Ӥȼߤ뤫
뤯ʤаŤʤ櫓Ǥ

 

      46  79 ΨǯΨ
131949ɥ    132607ɥ롡 2.0
Ŀ;                  92757ɥ롡 93346ɥ롡  2.6
񡡡   13553ɥ롡 13872ɥ롡  9.7
񡡡    3501ɥ롡  3213ɥ롡 -29.1
ܻٽС   25649ɥ롡 25861ɥ        3.4
͢С     16521ɥ롡 16723ɥ롡  5.0
͢     21011ɥ롡 21872ɥ      17.4

GDPʽˡ  128448ɥ롡129394ɥ롡 2.9

ʻBEA)


2.0οӤԾطԤɤߤƤ뤫ȤСηǰϸष
⤷ʤѤϽФ϶ˤϷ礱뿭ΨȡĤޤꡢäȤ
äȿӤƤʤȼΨ㲼ʤȤߤƤ櫓Ǥ

ǡʤСΤȤʤ顢1123˳FOMCˤƤ緿
ô¤ꤵǽ礭ʤ櫓Ǥ

ޤΤ2.0ȸСۤɹ⤤ĹΨȤϸޤݡĹΨ
äƤ⤤ΤǤ礦ȤäơޤǤΥ˲äɲäδ
º褦ʾǤȤΤǤ礦

ϡȻפޤ

ͻ򤵤˴¤ƤȤϾʤǤʤ礭ʤФ
ȡ

ˡGDPλٽй̤ˤߤƤ⡢Ŀ;2.6οӤˤȤɤޤäƤޤ
οӤ9.7ˤãƤ뤳Ȥڻ뤹٤ǤϤʤȻפΤǤĤޤꡢ
Ȥޥɤ˲Ƥȹͤ٤Ǥˤˤ⹴餺
˴ºɬפȸΤǤ礦

ǡϹ⤤Ӥ򼨤ʤ⡢ΤȤƤ2.0οӤˤȤɤޤä
Ͻ29.1㲼ˤʤäƤ뤫ʤΤǤϽХ֥뤬
Ȥ佻Ǥڤ줿ȤαƶΤǻʤΤǤϤʤǤ礦

ȤȤǡ˽ιܤƤߤСʡʡʤ79μ¼GDP
2.9οӤˤʤ뤳ȤʬǤĤޤꡢ⤦Ϥܷۤ򹯤ʾ֤äȤ
뿭ӤǤΤǤ

ʤΤˡšɲäδºǤ

ե򵯤ȤˤʤС̾ĹɤɥäĹȸǤ礦


ɲäδºϤܤƤȤʤꡢơեͽۤޤꡢʪϢư5ǯʪ
ζΥޥʥ̾뤳ȤˤʤΤǤϤʤǤ礦
ȤȤˤʤС
߹ɥ¤ή⾯ޤ뤳ȤˤʤΤǤϡ


ƹηʵϡƤۤɰϤʤΤǤϡȻפå򤪴ꤤפޤ
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Υȥ꡼ϤƤʥ֥åޡɲ

Ǿ̤󥻥뤵졢桹ܿͤϤӤäꤷäꡣ

Ǥ⡢ɤơΡ

¦θʬϡ

泰̤ǡ쥷ʳΥijȯζĺƳǹդȤä
ƻή졢ܤ¤Ķʤ

ƹս礬ưݤоݤˤʤȯȤװ

¦Ǿ̤ʷϵǤ¦餦٤


ǡ¦ȿϤȤС

ֶä¦οդ¬꤫ͤƤסʡ˼Ĺ


ޤ󥻥ȤäƤ⤤櫓Ǥ˥󥻥뤹Ȥ˥
뤹Ȥϡľ˥󥻥뤹Ȥϡ29ʶˤ6Ⱦ
ܻ֤8Ⱦˤ˥åȤƤ̤ľˤʤäƵޤ˥󥻥뤵줿Τȡ
⡢Ͼ1֤ԵƤȤΤǤ

пʹˤϡASEANץ饹3ǾĤεǰƤǡ
Ȥ㤦̿ǺܤƤޤϲ̵򤷤Ƥ褦ʡ

βϡޤϭ̤¸äΤǤ礦

֥ѥղäΤǤš

ֵϡï뤫

֥ղϭǤä򤵤Ƥäš

֤Ǥ⡢ϰػҤʤ

䡢פΤǤʳ򸫤ȤʹȤʤ褦ʵޤˡ餫
ͳDz񤨤ʤʤäƤ⡢ϲ񤤤ʤȻפäƤ⡢äȤ餷ĤǤ
ΤǤϤʤǤ礦ޤ˵񤹤뤳ȤˤʤäȤѤǤȤޤ٤
Ȥ

̤򥭥󥻥뤷ͳϡ¦ʷϵȡ

졢פ˷ޤäƤȤȤǤ礦

ǡ줿ޤɤ餤ʬ餺˿äƤȤȤʤΤǤ

˸

ΡԷʵʴ򤹤Τȡ¦󤬤ΤȡФ褫ä
ȤФ褫äȤȤȿʤǤ⤢Τȡ¦̤󤬤ʤΤǤ
Сʴ򤹤ʤȸ

ܤǤäơ̱ɽǤΤäƲȤƤߤ
񤤤ʤȤΤǤСǤǤϤʤȡ

ΡϡȤϤäƤȤΥʥС꡼ʤΤˡɤƤμ
ΥʥС󤬲̤򤷤ʤФʤΤΤȤͤľߤ

ä֤NHKBSΥ˥塼⤪Υ˥塼ϡ
ܿͤǤϤʤͤʤΤ¾ιΥ˥塼ξˤϡȤϤʤ
Υ˥塼СܿͤޤȤˤθ
αƤ줹櫓Ǥ

⤦ٸϡܤ򤹤ʡ

Ρϡ̤˿͸ްμͳǧ褦Ȥ⤷ʤǤΤˡ
ʹɽ̤ɤ褦ʤɤȤְͤäƤΤǤ񤬤⤦͸ǧ
褦Ϥ򤹤Сܤ⤽ʤΤդ礤򤷤Ƥ⤤衢Ȥ̤٤Ǥ
٤ʤΤǤ줬ΤȤФäͤƤ뤫顢Ѥʻ֤򾷤Ȥˤ
ΤǤ

ǡϤȤСŤб褦פȸä󤸤Ƥޤ

ŤˤȤΤϡ礤˷빽ŤǤȤȤȲˤʤȤ
ΩƤʤȤΤƱǤʤȤΤä٤ǤŤǤäƤ٤Ȥϸ
ȡƲʤǤȵѤäίޤäơĤɥȯ
ƤޤǤ礦

ơ⡢ĤˤϲäƤ֤ʤȤäơˤ
äƤ뷹롣

ϲΤΤȤפФƤޤޤ


ϡϢŪȯۤǤϤʤ̱ΤȤͤƹ̱ɽȤȯ٤ʤ
Ǥ
̱縢ԤǤˤ⤫餺⤽դΥӥǥ̱˸褦Ȥ餷
ʤ



ϡȤ٤ǤȻפäå򤪴ꤤפޤ
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Υȥ꡼ϤƤʥ֥åޡɲ

ǶᡢTPPʤƸդήԤäƤ褦ǡšǤʿάŪкϢȶȤ
̣ʤΤȤTrans-Pacific Strategic Economic Partnership Agreementά
ȡ

СǤϤʤFTAʤƸդ⤢ޤäϤɤʤäΤʤ
ƻפäƤȡɡTPPFTAƱ褦ʤΤȡ

ȤС鸽ޤTPPǮˤʤꡢƥޥߤ⤽ܤλ
岡褦ȤƤ⡢Ȥ񤷤꤬¸ߤƤ뤳Ȥˤϰ㤤Ϥʤ櫓Ǥ
顢ʤ˴ñ˼¸ΤʤΤȡ

ޤ⳦طԤμζǮˤʤΤϤ褯ʬ뤳ȤǤΤʤС
ޤdzƹ񤬲ݤƤǤˤʤСʤ͢Ф䤹ʤ뤫Ǥ
ΤȤïǤʬ櫓Ǥܤ͢ʤˤĤƤδǤ򥼥ˤ
餦ˤϡܤ⡢͢ܤˤĤƴǤʧʤФʤʤ
ΤǤ

Ϥε

͢˴ؤơܤϲδǤ򤫤ƤǤ礦

30󤯤餤

֡

100餤

֡

֤㤢200󡩡

֡ܤϡ͢778δǤ򤫤ܤȤäƤ櫓ʤΤ
ߤ˥˥㥯ξˤϡ1700٤äȡ

顢⤷TPP˻äȤΤǤСʢɬפ櫓
ΤǤ⤦줫衢ܤιڤĤʤʤäƤʤΤ
ȡϡȿФǤΤˡͳǰפʤСι񡹤˭ˤʤ뤳Ȥ
ǤȷкѳؤζʽǤ϶ƤޤॹߥζǤ櫓Ǥ

š⤷ŰŪ˼ͳǰפ䤷ʤȤΤǤСܤΤ褦ʹξ
ˤϡȤλʤΤˤʤäƤޤ櫓ʤΤǤĤޤꡢ¿ȤѶȤ
졢¾οȤˤĤʤʤ롢ȡ

ʤȤǤΤǤ礦

ޤ䤬ʤȤСȤ˸ͿȤ뤳ȤϤǤΤ
ȤոʹƤǤϤ̤礭ԤǤꡢ褷ƻ³
ǽˡǤȤϻפʤ櫓Ǥ

ϻפǤġͤդʻŻ˽뤳ȤϡΤΤˤʤȤ
ΤϤ̤ȡȤƱǤ롢ȡ顢ॹߥꥫɤä褦˳
դʻȤò򤹤뤳ȤŪˤ˾ޤǤȡ

ȤäơդʤȤ˽뤳Ȥ˹ȤȯŸΩĤ
ȡư֤ΤդȤäơǼ֤뤳ȤΤ磻
դʹȤäơǥ磻뤳ȤΤ ¾ΤȤϤʤ
Ƥ⤤Τȡ

ΤʤˤϤʿ͡¸Ƥ櫓Ǥ顼꡼ޥ󤬸Ƥ
͡ƯΤƤ̳͡Ƥ͡ݡĥޥ󤬸Ƥ͡
ȤƤ͡ȤƤ͡ԥޥ󤬸Ƥ͡󥸥˥
͡椬Ƥ͡

⤷ܤTPP˻äСȤꤿƤȤߤʤȤȤ
ǤΤ˸餦ȤǤС١Ȥ³뤳ȤǤ뤫⤷
ޤ󤬡ʤ𤱤Ȥ³뤳Ȥ˿ץ饤ɤĤȤ⤤櫓

ꥫϲΡTPPѶŪʤΤ

ϡꥫϡܤʪδǤűѤʤСƹʪ͢Ф
뤳ȤǤפ˷դȹͤƤ뤫Ǥ

ǤϡWTOθĤޤȤޤʤΤ

ˤϡܤǤʤȤݸ褦Ȥ¸ߤƤ뤫ʤΤ
Ĥޤꡢ衼åѤˤάŪʰ̣礤ȤݸƤ¿Τȡ

⤷ܤTPP˻ä뤳ȤˤʤȤСñܤʪŪ͢μ
ͳǧ뤳ȤǤʤꥫȤ̤ȤȤ̣Ǥ礦
Ĥ
ꡢʪ̤˥ȤޤȤˡǤĶФƶ
ѿۤΤꡢޤ̤ˡȤ̣Ǥˤʤ
ȤǤΤǤ˰ҺʪμҤϡβҤꤷƤơ⤷
ܤꥫȤ˶뤳ȤˤʤСȤ򥢥ꥫβҤ
ȥ뤹뤳ȤˤĤʤ붲줬ΤǤ

äơ̱ޤTPP䤷ʤ뤳ȤɬפǤȤΤǤС褺ܤ
ȤŪˤɤΤȤļ̿򼨤Ǥʤʤ뤳Ȥ
ʤȤȤʤΤǤTPP˻äСGDPäȤʤɤ
ϡؤɰ̣ͭʤΤǤ

䤬ͤƤĥƤ褦ˡܤȼȤΩĤޤꡢˤʤ
뤳ȤʤŤ󤸤ˡѤưǤʪ
ƤξԤˤ褯PRξܤʪ⤯Ƥ
Ȥ̤ΩäTPP˻äȤΤǤСʤٻ뤳Ȥ
櫓Ǥ

Τ褦˲θ̤ʤȤˤϸͿƤФ褤ʤɤȹͤ
ƤȤСܤĤѤäƤޤȤˤʤǤ礦ơ
äƼʤˤ褦ʤȤФꤷƤ뤫顢伯γǺޤ뤳
Ȥˤʤ櫓Ǥ


Ȥξˤ⡢ͤοʹ֤Ʊ褦ˡХɤĹƤɬפΤǤ
ٶФǤϥʤΤǤٶⱿư⡢Ҹ⡢ƥ桼⥢⡢ʥХ
Ȥ줿ʹ֤ޤȴƤ櫓Ǥ


ƤTPP˻ä٤ǤϤʤȻפå򤪴ꤤפޤ
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Υȥ꡼ϤƤʥ֥åޡɲ


⤪ޤƹʪϢư5ǯʪ꤬ޥʥˤʤäƤޤ
¤ϡȯĤή9νꤴޥʥƤꡢΥޥʥ
0.49ĤۤɤˤޤǤʤäƤ櫓Ǥ25˿ȯԤ줿ʪϢư
Ĥ꤬ȥޥʥ0.55դ櫓ʤΤǤ

ƹĤ꤬ޥʥդΤϡƤΤȤʤΤȤ

ʪϢư5ǯʪ

































ʻFRB)


Ǥϡǵ˼򤷤ȻפޤԤ1ǯ¶罸򤷤
ޤǯޥʥ0.5Ǥϡ¶򤷤Ȼפޤ

Фʤ

ɤơ

֤ɤƤäơޥʥȤȤϡ¶ԤԤ˶դƤ櫓


ȤǤ͡⤷100ߤäƤȤơζˤ
ƤС1ǯ100ߤΤޤޤǤ⤷¶򤷤ȤС100ߤ
5000ߤҤȤħ졢995ߤˤʤäƤޤ櫓ʤΤǤ
»ʼʤï⤹ȦʤǤ礦

ǤϤɤƥꥫǤϡޥʥʤΤ˹ĤͤΤ

ǰΤ˸ä֤ޤΥꥫʪϢư5ǯʪɽΨޥʥ
ˤʤäƤΤǤϤޤ󡣺ɽΨ0.50ȤƤΤǤ

֥ޥʥʤ

ΤɽΨϥޥʥǤϤޤ󡣤Ԥϳ100Фơ⤷
ʧߤ˱ȤС㤨100Ф105ʧȤС
꤬ޥʥˤʤ褦ʤȤȯƤޤʤΤǤ

־100ߤäƤʤĤФơ105ߤʧȤΡ

ñ㲽ƹͤޤ礦


1ǯιĤȯԤ褦ȤƤޤΨ1󡣤¿ȤΨ
2ϤʤȤȻפäƤȤޤ礦ΤȤȤϡιĤ̤β
ʤ㤪ȤǤ礦

2ۤɤΨȤȤǤС100񤷤1ǯ102ߤˤ
ȤȤǤšȤ顢100Ф1ΨιĤˤ99ۤ
βʤդȤȤˤʤǤ礦⤷99ߤǤιĤ㤦ȤǤС1
ζȸܤ100ߤ1ǯ˼ꡢ2DZѤ뤳ȤǤ뤫ʤ
Ǥ

ǤϡƱ¿Ȥ2ۤΨŬǤȻפäƤΤˡΨ3
Ĥ˽ФȤ顢ȤϤɤưǤ礦

ʤС100ФȤϤ򾯤餤뤪ʧäƤ⤤ȹͤ
Ǥ礦100Ф100.5ʧǤ⡢100.5θ1ǯˤ103䤹
ȤǤ2.5ۤɤ꤬ݤ뤳Ȥˤʤ뤫ʤΤǤ

ȤȤǡȤΩˤʤС̤뤪ʧळȤ褯櫓

֤̤ĶۤʧळȤƱդΤϡ̾⤤
ݤǤ뤫Ǥ硩ξˤϡޥʥˤʤäƤ뤸ʤ

Τˡ

̤ĶۤʧळȤȤƤ⡢ϡƤ⤤꤬ݤ
뤫ʤΤǤšǤϡʪϢưĤħˤĤƹͤƤߤޤ礦ʪϢư
ĤȤϲ

ʪ徺С˱ƽԸܤäȿФˡʪС
˱ƽԸܤ櫓Ǥ硩

ΤȤꡣǤϡǺǽμ뤳Ȥפޤ

Ԥ1ǯΤ¶罸Ƥȡϥޥʥ0.5

ǡܵҤԤ˼䤹櫓ʤΤǤ
ֶޥʥäơɤȡ

Ǥ顢ϡͤԤˤʧĺ櫓Ǥ

֤¤ΤϤҤ

Ǥ⡢Ԥϡɤʤ˥եˤʤȤ⡢եΨ˱Ƥͤ
äܤۤƤޤ

㤨С100¶⤷ơ1ǯ10ΥեΨˤʤäƤ顩

λˤϡԤϡͤФ110ߤ֤ꡢͤϡ110
ߤ0.5ʬĤޤ5500ߤȤƤʧ

֤ȤȤϡ100ߤ1094500ߤˤʤȤȡ

ΤȤǤ

֤͡š

Ϥ

֤ɤäˤϡšʪä顩

㤨Сʪ1ƤȤСͤ100ߤ99ߤˤʤꡢƤ
ͤϡ99ߤ0.5ʬĤޤ4950ߤȤƤʧĺޤ

֤ȤȤϡ100¶⤷ơ985050ߤ˸ä㤦Ȥȡ

Ϥ

¶⤷14950ߤ⸺äƤޤΡʥХʡ¶⤷ʤǻ
Ƥ

ϡͤˤʤ뤳ȤǤ⤷եˤʤäš⤷եˤ
äȤˡҤ󤬤ޤ޸ǤäƤȡ100ߤ100ߤΤޤޡ
100ߤ10ͤƤΤǤ衣Ԥ¤Ƥ館С
ͤ1094500ߤ⤪긵˻Ĥ櫓ʤΤǤ


ɡ襤եˤʤΨ⤤ͽۤФۤɡʪϢưĤäƤ
Ȼפޥʥˤʤ븽ݤ䤹ʤΤǤ



ʪϢưĤλȤߤʬäȤå򤪴ꤤפޤ
↓↓↓
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Υȥ꡼ϤƤʥ֥åޡɲ

ե졦åȤäʪɸʥץ饤٥롦åȡˤȤΤ
ƤƤΤȤե졦åȤξˤϡեΨɸͤꤹ뤬
ץ饤٥롦åȤξˤϡեΨǤϤʤʪ༫ΤɸȤ
Τǡɸؤãٹ礤㤱㤤ۤɹʤ붯Ϥʴº»ܤ뤳Ȥ
ʤΤȡ

ˤƤ⡢ץ饤٥뎥åȤ⡢եƼ¼ιߤޤ
򤷡ˤäФȤάˤϰ㤤ʤʤΤǤ

ɤǤΥǥ

ե쥿åȤٻȤʤɤϡ¿ʬ⤤ǥƻפäƤ
ΤǤ礦͡

Ǥ⡢إꥳץ餪Ф黵Ƥǥե˴٤餻ϤʤȤϡܶ
ϥåפǤⲿǤ⤤ɤɤ뤳ȤˤäƤԾФС
ե򵯤ȤǤȸäƤΥСʥ󥭵ĹΤȤŤ٤
äƤ櫓ʤΤǤ

Τäơ

Τ˥ǥե˴٤餻ʤȤפǤ뤬ȤäƤѤ
̡⤷ꥫեˤǤʤäƤޤä顢ʬϺǰFRBĹȤ̾ĤƤ
ޤȤˤʤ뤫⤷ʤŤȡ

ޤޥɤʥեä餤ΤǤ礦šˤƥСʥ󥭵Ĺ
ŤˤʤäƤͳϡեΥꥹȤȡʵȤ̤ŷˤ
٤ˡʵȤ̤;괶ʤȤȤˤʤΤǤϤʤ

Ĥޤꡢե򵯤ȤϤΤΡΨϤʤʤʤȡǡ
ʤСե줬ƿ͡褬¼Ū˶줷ʤäǤ롢ȡ


Ȥǡץ饤٥롦åȤƤܤƤΤϡϢΥХ
ۤȸͤǤबʤȤƤΤϡƹкѤήư櫤Ȥ
Ƥ뤫ȤΤǤ

ήư櫤Ȥȡ⤦ʲˤ϶뤳Ȥʤʪ㲼
С¼Ϥष徺ƤޤǤϤʤȡǡ¼徺С
ʤɤ˾öŪˤʤ餶ʤ顢Ȥʤ褦ʪ
ͻɬפʤΤȡ

ϡ٤ޤѤƤ̡ʲ̾ܶ
뤳Ȥʤ֤ϡήư櫤ξ֤Ȥϰ㤦ȹͤƤ櫓Ǥ

ȤΤ⡢ήư櫤ξ֤Ȥϡ͡βʾήưˤФ۾
ޤꡢη̾ܶߤޤꡢΤ˴ȤϤڤŤ餯ʤ֤ؤ
櫓ǤߤΥꥫɬ⤽Τ褦ʾ֤ˤϤʤȤȤʤΤǤĤޤꡢ
ζǤ⤪ڤꤿȤԤϤΤˡԤɺĸƤ
طǡͻˤʤʤʤΤǤ

κݡ򤯤ǡƹкѤήư櫤˴٤äƤȹͤȤ
礦Ĥޤꡢ⤷¼㲼뤳ȤǤСƹкѤ褹ǽ
롢ȡ
Ȥ顢ɤƤΤ

кѳؤζʽϡήư櫤˴٤äƶͻ̵ˤʤäˤϡ
٤Ƚ񤤤ƤޤޤϤΤȤꡣ

ǤܤϺȤϤʤä

ΤϡǤϿĤȯԳۤ30߰ޤɸ
Ʒͥ褵Ǥꡢޤư³Ƥ礷̤ʤȴ
Ǥ⤢櫓Ǥ

ǤϡΥꥫϤɤ

ꥫ⡢Ϥ׿񤤤;͵ʤɤʤ櫓Ǥͻ̤ʤ
ǤϺν֤Ǥ뤳ȤϽšΤĤĤ⡢Ʒɸˤ⤤
ʤȡ

ǡʤС̤ʤȸƤΤ˺ƤӶͻܤ롢ȡ

ʤΤʤΤǤ
Ǥ鶵ʽˤϸ̤ʤȽ񤫤ƤϤƤ⡢ݡ
ϤΤȤкѳؼԤ櫓Ǥ줬ե졦åȤǤꡢץ饤
٥롦åȤǤȤȤʤΤǤ

⤷ޥɤʥե򵯤Ȥǡ³ΤǤ
С¼Ϥɤɤ㲼ϥޥʥˤʤꡢڤ뤳ȤˤʤΤǡ
ˤʤǤȡ

֤ˤʤޤšե򵯤Ȥϥꥹ礭ȡ

礭꤬ȯ櫓Ǥե򵯤С¼㲼
Ȥǽ⤷ʤեΥꥹ礭ȡեɤο͡ϡե򵯤
ʤȼ¼뤳ȤǤʤȹͤƤ櫓ʤΤǤΤȤС
ϢΥХۤ⥯롼ޥ󶵼⡢ήư櫡פ˴٤äƤȼĥƤ
뤫ʤΤǤ

櫤ˤϴ٤äƤʤΤǤե򵯤ʤƤ⡢¼
ˡϤΤǤ
⡢κ̳Ԥϸ¤ˡ̡ޥʥμ¼Ǥ
ڤ뤳ȤǤȡ

ɤȤʤΤǤ礦

ƹܤȯԤʪϢư5ǯʪĤϡǯ928ޥʥ
ΰäƤꡢ1014ˤϥޥʥ0.49ޤ㲼ƤȤȤʤΤǤ
ˡ25˼»ܤ5ǯʪʪϢưĤǤϡ꤬ޥʥ0.550
ȡ1997ǯϰƥޥʥϿȤƤΤǤĤޤꡢ¼
꤬ʲ˲뤳ȤΤʤήư櫡פˤʤɷ褷ȤäƤϤʤȤȤ
ΤǤ


ǤϡɤФΤ

ȤȤˤʤС̴Ȥƹܤ򸫽Ф櫓Ǥ⥤ե򵯤
Ȥʤ¼ɤǤ㲼뤳ȤǤϥޥʥˤ뤳Ȥ
뤫⤷ʤȡ

ХꡢʪϢưμҺĤȯԤФȡʪ徺褦ǤСڶθ
ܽԳۤ⤽˹碌äդʪ褦ǤСܽԳۤ⤽
˹碌Ƹ롢ȡǤ顢˶㤯ꤷƤСɤʤ˥ǥեˤʤ
Ȥ⡢¼徺ƴȤμ¼ô礹뤳Ȥ򤹤뤳ȤǤΤǤ

áޥʥμ¼ˤˡǤ

ϴñǤҺĤȤ⤷μҺĤ̥Ϥ򴶤Ƴ̤
˾ʤ뤳ȤˤʤС¼ϥޥʥˤʤȤȤʤΤǤ

ʪ徺Ψ㤯᤮η̼¼ιߤޤ꤬ƤȤŦǤ
Ȥ顢̴Ȥƹܤ򿿻ơʪϢưҺĤȯԤФä


¼꤬ޥʥˤʤäƤʤΤʤäȤå򤪴ꤤפ

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͵blog󥭥󥰤

Υȥ꡼ϤƤʥ֥åޡɲ

G20λޤǡG20ζƱǤϡ̲߰¶򤹤櫓

move towards more market determined exchange rate systems that
reflect underlying economic fundamentals and refrain from competitive
devaluation of currencies.

ִäȤʤкѥե󥿥륺ȿǤ롢Ծ췿ΰإƥ˰ܹԤȤ
ˡ̲ߤΰߤ

ޤܷкѤϱ߹˶줷Ǥ뤿ᡢܿͤΤʤˤϡ߹򿩤ߤ뤿
ǸǤ֤Ȥ٤Ȥոοͤ¿ǤäȤСزԤ
ߤȡΰǡƹ̲߰¶ԤȤˤĤƤɤפ䤨С
ɤʤȤոοͤ¿Ǥ礦

ƹ񤬶äƼ̲ߤڤ겼褦ʤȤˤʤСΤ褦ˤʤäƤޤɤ
򤹤뤳ȤϤʤȡ

ȥʡ̳ĹäƤ櫓Ǥ

No country can devalue its way to prosperity and competitiveness.

ǡʤ⡢̲߲ͤڤ겼뤳Ȥˤä˱ɤꡢϤĤ뤳ȤϤǤ

ǤšϤʤΤǤ礦⡢ϻפޤ󤫡

ϡʤ˿̱ڤ夲ԤȤݤΤϡ̱
ƥɥβͤˤܸۤ경ƤȤ͢Фٱ礷ˤä
ηкĹ³뤳ȤǤȿƤ뤫ʤΤǤĤޤꡢ̱¤
äơ˱ɤȶϤݻǤΤȡ

ܤǤƱȤǤزϤޤ1ԤäΤ褦ǤǤ⡢Ԥ
ˤäƷкĹ򾯤Ǥ岡ԤʤΤǤĤޤꡢ߰¤˱ɤȶ
ϰݻԹ礬ɤȡ

ǡϡƹǤƱȤǡ餳Ķºݻʤɥ¤ФƤ
櫓Ǥ⤢櫓Ǥ

ĤޤꡢܲȤƤϼ̲ߤ¤Թ礬ɤȤϻפʤ⡢Ȥ
ϡϤʤȤʤΤȤʤΤǤ

ͤȤΤϡ䤳ΤʤΤǤ䤳

Ǥϡ˳ƹ񤬼̲ߤ¤褦ưФȤϤʤʤΤǤ礦
ޤˤäȤΤǤ礦

ǡˤĤȤϤΤ褦˸ʤΤǤֳƹ̲߰¶С
ݸƬƤޤפȡ

Τˡƹ񤬳͢˹⤤Ǥݤꤹ褦ˤʤСǰפϽ
ƤޤкѤˤȤä礭ʥޥʥˤʤäƤޤޤ

Ǥ⡢̲߰¶äȤƤ⡢ƹݸ뤳ȤϤʤ«
Ǥ礦ξǤ⡢ƹ񤬻Ծ˲Ƽ̲ߤ¤褦Ȥ뤳ȤϤ
ȤʤΤǤ礦

ΤȤˤĤơ륹ȥ꡼ȡ㡼ʥϡΤ褦ʰոǺܤƤ

When one country devalues its currency, others tend to follow suit. 
As a result, nobody achieves trade gains. Instead, the devaluations put
upward pressure on the prices of commodities such as oil. Higher
commodity prices, in turn, can cut into global economic output. In one
ominous sign, the price of oil is up 8.7% since August 27.

ְ̲ߤڤ겼ȡ¾ι񡹤⤽ɿ路褦Ȥ뷹롣η̡
ιȤʤꡢ̲ߤڤ겼ϸʤɤξʤβʤФ
Ϥ򤫤뤳Ȥˤʤ롣ơ줬徺ȡ٤̤򸺾
뤳Ȥ롣ĤԵȤǤ뤬ʤ827ʹ8.7徺
ƤΤǤ


󡢤ΰո򡢤ɤˤʤǤ礦

ƹ̲߰¶롣㤨Сƹ¤ɥФƤ롢ȡǡɥ¤Τ
˸ʪβʤ徺ƤǤϤʤȡǡäư켡ʤβʤ
뤳ȤˤʤС˥֥졼򤫤뤳ȤˤʤΤǡкĹ˿򺹤̤
ʤΤȡ

Ǥ⡢ΰոˤϡΥ롼ޥ󶵼򾧤Ƥ櫓ʤΤǤ

So yes, a fall in the dollar tends to raise the price of oil in dollars —
but it also tends to reduce the price of oil in euros. A fall in the euro tends
to raise the price of oil in euros, but reduce it in dollars. [whoops!]
So what would devaluations that raise commodity prices in terms of all
currencies look like? I have no idea.

֤顢ʤΤɥβͤ㲼ϡΥɥʤ夲뷹롣
ϸΥ桼ʤ뷹⤢Τ桼βͤ㲼ϡ
桼ʤ夲뷹뤬ɥʤ롣ǤȤСƤ
ߤǾ夲褦̲ߤڤ겼ϡɤΤ褦˸ΤǤ
ʬʤ


ΤˡǶΥɥ¤ˤäƸʪʤɤβʤ徺ƤǤ
ϤޤǤɥ١ǹͤäǤꡢɥФʤäƤ桼ߤ
ɥǹͤ顢ۤɾ줬夬äƤ櫓Ǥʤ롼ޥ󶵼θʬ
ˤͳꤽǤ

Ǥϡ̲߰¶κϲʤΤˡƹȤ⡢ɤǤ̲߰¶
˻ä뤳ȤǤΤ

ɡ̲߰¤ͶƳ뤿ˤϡزԤ¾ٶͻ˴¤
뤷ʤȤȤˤʤ櫓ǤʤȤ³ƤȡήưȯƤ
ޤѤʥեˤʤ뤳Ȥǰ櫓ʤΤǤơ⤷եˤʤä
äǡ̲߰¤򾷤Ȥˤʤ櫓ǤšʤФιηкѤ纮˴
äƤޤʤΤǤǡե«뤳Ȥ٤Ϻͥʤꡢʤ
жͻ˰뤳Ȥ뤳Ȥˤʤꡢʵϰ쵤䤨ڤäƤޤ
ˤʤǤ礦

Ĥޤꡢ̲ߤ¤褦Ȱز򤷤ꡢĶº򤤤ĤޤǤΤäƤȡ
ϥե򾷤ƤޤơΥե«뤿˺٤ϵդ˶ͻ
ʰ᤬׵ᤵƤޤΤȡ

줬̲߰¶κʤΤǤ褷ơݸ餻뤫鰭ȹͤ
٤ǤϤʤΤǤ̲߰¶η̡ݸ餻Ȥ⡢̲߰
ݸåȤȤʤäкѤ˽иäǤꡢ̤ˤĤˤɬ
ŪʷӤĤ櫓ǤϤʤΤǤ

ȤȤˤʤСեοۤ򤹤ɬפʤ̲߰¶˻ä뤳Ȥ
ǤʤեζΤϡ̲߰¶˻äǤʤȡ

֥饸뤬̲ξ֤ˤȸäƹ񤷤ƤΤϡ֥饸뤤
ϡեǰ̾줫Ǥ뤿̲߰¶˻ä뤳ȤǤʤ顢
̲߰¶ߤȤʤ櫓ǤȿФˡƹϡեζ줬
顢̲߰¶˻äƤ롢ȡʤΤǤ

ƹϺեζ줬ʤȸĤĤ⡢ΤΤ褦˴˶丶ʪ
ʤ徺ƤꡢХ֥褷Ƥ뤳Ȥ¤Ǥ櫓ʤΤǤޤƱ
ϡΰ夲»ܤȤǤͳϡưʤ
ʾξ徺ޤĤޤꡢХ֥ȯޤߤȤפ뤫
ʤΤǤ

ĤޤꡢĤޤǤƹ̲߰¶˻äǤ뤫ȤСǤʤȤ
ȤˤʤꤽʤΤǤ

кѤθݤˡɤȤȤȤȤ˵򤹤뤳Ȥʤ;
̣ʤΤǤ
ɤȤǤⰭȤǤ⡢Թ礬ɤСפˤ
褦˹ư򤹤Τȡ̲߰¶褬ȤȤߤǧ᤿ȤƤ⡢ƹ
Ȥ̲߰¤˸褦Ωʤ褦˹ư򤹤ȡǡƹ񤬡⤷
̲߰¶ߤ᤿ȻפȤСλˤϡ̲߰¤ͶƳ뤳Ȥ
פˤʤʤȤϤäꤷǡ롢ȡ

顢ɥ¤˾Ǥƹ⡢ɥ¤ƹˤȤäƥץ饹ޥʥˤʤ뤳
Ȥ¿ʬޤǤϡɥ³ȤȤǤϤʤΤǤ礦
Τ褦ʵΤǤ

ʤȤʬäƤƤ⡢طԤޤG20β򳫤Ǥ줬
ͤιưȤȤǤ礦


̲߰¶褬ɤΰΤȸäƤϤޤʤȻפå򤪴ꤤפ
֥饸뤬ܤäƤΤʬäͤ⤪ꤤޤ
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Υȥ꡼ϤƤʥ֥åޡɲ

͹ؤǤ衪ʤɤȸäϤ줿ʤǤϤʤǤ礦¿ʬ᡼뤬졢
νʤϤΤǤ礦ϻμʤɺϻȤʤΤǤ礦


ޤˤƤ⡢G20˥ȥʡ̳ĹϡG20ˤ񤤤Ȥ
ޤ


I am writing to offer some suggestions for our meeting later this week. We
are obviously at a moment when the world is looking to the G20 to provide
a stronger commitment to work together to address the major challenges to
a sustainable global recovery. I know that some of you will want to reserve
any substantive agreement until the November Leaders' Summit, but I
think we should take advantage of the presence of the central bank
governors to try to reach agreement on the broad elements this weekend,
and put those in a report to our Leaders.

ֺβˤƴĤƤפ񤤤ƤޤϤޤG20
³ǽкѤβ˸ƶĴƼȤळȤ򡢺äƤΤǤ
Τʤˤϡ¼Ūʹդ11ΥߥåȤޤαƤȤոο
뤳ȤΤäƤޤ޳ѳƹԤۤʤΤǤ
λ˹դơ꡼ؤ
ߤ٤Ǥȹͤ櫓Ǥ

ȤȤǡG20ϡ켫ΤǴ뤹뤳ȤܻؤƤȤ⡢θ塢
ߥåȤƤȤȤǡΥߥåȤǺǽդã褦˺G20
褯ä礤򤷤ޤ礦ȤȤΤ褦Ǥ


Building on Pittsburgh's Framework for Strong, Sustainable, and Balanced
Growth and Toronto's commitments on addressing sovereign debt
sustainability, here are three specific suggestions designed to provide a
stronger framework of cooperation on international financial issues:

ֶϤǡ³ǽǤꡢƶѹդμ줿ĹΤΥԥåĥСȤߡ
Ƥޤλ³ǽФȥȤγ󡢤˲äƤˡݶͻ
˴ؤ붯ǤȤߤ󶡤뤿3ĤƤ򤪼ޤ

ƹȤƤ3ĤƤΤȡ

First, G20 countries should commit to undertake policies consistent with
reducing external imbalances below a specific share of GDP over the next
few years, recognizing that some exceptions may be required for countries
that are structurally large exporters of raw materials. This means that G20
countries running persistent deficits should boost national savings by
adopting credible medium-term fiscal targets consistent with sustainable
debt levels and by strengthening export performance. Conversely, G20
countries with persistent surpluses should undertake structural, fiscal, and
exchange rate policies to boost domestic sources of growth and support
global demand. Since our current account balances depend on our own
policy choices as well as on the policies pursued by other G20 countries,
these commitments require a cooperative effort.

ˡG20ϡǯ֤Τг٤ԶѹճۤGDPǰγۤ
餹˼ȤळȤ롣âμפ͢йˤĤƤ㳰
ǧ뤳Ȥɬפˤʤ뤫⤷ʤΤȤϡӤֻ׾夷ƤG20
ϡ³ǽʺֻۤˤޤֻ򸺤餹ɸѤ뤳Ȥˤäơ
Ƥޤ͢Ф򶯲뤳Ȥˤäƹߤ뤳Ȥ̣롣ȿФˡӤƹ
׾夷ƤG20ϡγ礷ꡢޤμפٱ礹뤿ι¤
ĴϤΤΰѤʤФʤʤо٤Ȥ
ΤϡƹƱͤ¾G20ɵ᤹˰¸Ƥ뤿ˡ
Ȥ󤹤뤿ˤϡĴƹԤȤɬפˤʤ


кѤϡоȷоֻ񤬤ϤäꤷƤޤäƤ롢ȡ⤦
Х󥹤줿Τˤ٤ȤΤꥫμĥΤ褦ʤΤǤɤʤΤ
礦ΤäơꥫϻԾкѤɤι⿮Ǥʤ顢Ծ츶
褦ȸäƤ뤫ʤΤǤ

ӤƹιšɤǤ礦

ϡ񡢥ɥġơܡ

Ǥϡֻιϡ

ϡƹ

Ǥϡ㳰򤵤ϡ

͢йΥӥؤƤΤǤ礦ƹȤ礬Ǥ

ʤ͢Ф¿ۤι׾夹뤱󤬡͢Ф¿ۤι
夹ΤϲǧΤǤ礦
ΰޤ



Second, to facilitate the orderly rebalancing of global demand, G20
countries should commit to refrain from exchange rate policies designed to
achieve competitive advantage by either weakening their currency or
preventing appreciation of an undervalued currency. G20 emerging market
countries with significantly undervalued currencies and adequate
precautionary reserves need to allow their exchange rates to adjust fully
over time to levels consistent with economic fundamentals. G20 advanced
countries will work to ensure against excessive volatility and disorderly
movements in exchange rates. Together these actions should reduce the
risk of excessive volatility in capital flows for emerging economies that have
flexible exchange rates.

ˡμפäˡǺƤӶѹղ뤿ˡG20ϡ̲߰¶
䡢¤ɾ줿̲߲ͤξ徺˸ʤɤˡǶϤݤ褦ʰ
򿵤ळȤ󤹤롣G20ΤDzᾮɾ줿̲ߤͭޤʬʳ
߽ͭƤ뿷Ծϡ̲ߤβ֤ͤ򤫤Ʒкѥե
륺˰פ٥Ĵ뤳Ȥǧɬפ롣G20Τʽϡ
졼ȤιԤưⲼޤ뤿Ϥ롣֤ˤʤäơ
ưѤƤ뿷кѤؤλܤή줬٤ưȤꥹ
Ǥ

ȤϸäƤޤ󤬡ïƤ⤹ΤȤʬޤϡ
äƤäȿ̱ڤ夲ߤȡ

ǡʬʹϤȸС޷ʥɥ¤äꤷƿ¦Ǥ򤫤뤳
Ȥʤ褦ϤȡĤޤꡢ̲֤ˤȤäƹ񤷤֥饸
ΤȤθƤ櫓ʤΤǤ


Third, the G20 should call on the IMF to assume a special role in monitoring
progress on our commitments. The IMF should publish a semiannual report
assessing G20 countries' progress toward the agreed objectives on external
sustainability and the consistency of countries' exchange rate, capital
account, structural, and fiscal policies toward meeting those objectives.

軰ˡG20IMFФơ桹󤬤äȼƤ뤫ɤƻ뤹
򤪴ꤤ뤳Ȥˤʤ롣IMFϡG20ξĤޤг٤λ³ǽ
ΰܼ٤ξơɸ˸¤Ĵ
ˤĤɾȾǯ1ɽ뤳ȤȤ

With progress on these fronts, we should reach final agreement on an
ambitious package of reforms to strengthen IMF's financial resources and its
financial tools, and to reform the governance structure to increase the voice
and representation of dynamic emerging economies.

֤˴ؤƹդ򸫤ǡ桹ϡIMFκ⸻Ⱥ⸻ʤ򶯲뤿Ρ
ƤޤкѤȯɽ礵륬Хʥ󥹲פΤŪѥ
˹դ뤳Ȥˤʤ

ǡǸˡIMFȯ夲Ƥ櫓Ǥʤɤο¦ϡ
IMFɼγƤ櫓Ǥƹ˾ʹƤʤȡä
ʤ衢ȡ

ƹ񤬰ͤǴĥäƤȤȤǤ͡





ȥʡĹθȤʬäɡդ񤷤Ȼפå
ꤤޤ
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Υȥ꡼ϤƤʥ֥åޡɲ

ȥʡ̳Ĺ륹ȥ꡼ȥ㡼ʥФҤ٤Ȥɥ߰¤
碌ȸƤޤ

ȥʡĹϰΤɤʤȤäΤǤ礦

Treasury Secretary Timothy Geithner said he would use weekend meetings 
of G-20 finance ministers to advance efforts to "rebalance" the world 
economy so it is less reliant on U.S. consumers, to move toward
establishing "norms" on exchange-rate policy, and to persuade others the
U.S. doesn't aim to devalue its way to prosperity.

֥ȥʡ̳ĹϡG20κ̳ѤơкѤޤǤΤ
ƹξԤ˰¸뤳ȤʤƺѤ褦кѤƶѹղϤ򤷤
ȸäƤޤﲽؤᡢơƹ񤬰ؤڤ겼
̤ƷкĹޤȤƤΤǤϤʤȤ¾ȡ

ά

Mr. Geithner divided world currencies into three groups. In one, he put
countries with currencies "undervalued by any measure," especially China.
He said, though, that if the pace of appreciation seen since September
were sustained, it would help correct the undervaluation. Other
emerging-markets play a role, he said.

֥ȥʡϡ̲ߤ3ĤΥ롼פʬह롣Υ롼פϡ餫
ʤˤä̲ߤβͤ¤ˤʤäƤ̲ߤǤꡢäΤȤǤ롣äȤ
ϡ9ʹߤο̱ڤ夲ΥڡݻǤȤʤС̲߲ͤ
ΩĤǤȤäϡ¾οкѹ̤ȸä

"If China knew that if it moved more rapidly, other emerging markets
would move with them, it would be easier for them to move," Mr. Geithner
said.

֤⤷񤬤⤦᤯ưȤС¾οԾɿ魯ǤȤ
Ȥ򡢲ΤäƤȤСư䤹ʤΤˡȥȥʡϸä

In a second group, he put "emerging economies with flexible exchange
rates that intervene or impose taxes to try to reduce the risks of
significant overvaluation, of bubbles and of inflationary pressures."
The U.S. isn't objecting to such efforts.

Υ롼פϡưѤƤ뿷кѹǤꡢ̲߲ͤˤʤ
ꥹ䡢Х֥밿ϥե찵ϤΥꥹ򤷤褦ȤƻԾ˲Ǥ
ꤷƤǤ롣ƹϡ֤ȿФΤǤϤʤ


In the third group, he put "the major currencies, which are roughly in
alignment now," a suggestion that he sees no need for the dollar to sink
more than it already has against the euro and yen. Mr. Geithner
emphasized that the U.S. is not pursuing a deliberate policy of devaluing the
dollar. Earlier this week, speaking in Palo Alto, Calif., he said that no
country can "devalue its way to prosperity and competitiveness."

軰Υ롼פϡĴʳˤ̲ߤΥ롼פǤꡢϡɥϥ桼
ߤФƴ˲ͤ㲼ʾ˹˲ͤɬפϤʤȸƤ뤳Ȥ
ȥʡϡɥβͤΰƤ櫓ǤϤʤȶĴ
ϥե˥ΥѥȤǡǡʤ̲߲ͤڤ겼˱ɤ뤳Ȥ
ǤʤжϤĤ뤳ȤʤȤä


ߤ軰롼פʬवƤơɥϡߤФƤʾ¤ʤɬפϤʤ
ȡ

ɤפޤʤܤΤȤռȯΤǤϤʤΤǤ礦

̱βߤᤵ뤿ˤϡܤФƤ򼫽ͤߤȹͤƤ
ΤȻפä顢⤦ʾ߹ɥ¤ˤʤɬפϤʤΤȡ
¿ʬƹȤƤϡ
κܤŨ˲󤹤⡢ܤƹ¦˼ߡG20ǤȯϤȤƤ
ȤǤϤʤǤ礦ϡߤϡ˹⤯ʤäƤäƤ⤤Τκ
ϡ̱ܤ˹ʤȡʤΤǤ礦ޤ顢Υ롼פΥ
ˤĤƤ⡢ȿФϤʤȸäƤΤǤ礦

ˤƤ⡢ë˼Ĺȯⵤˤʤޤ

ֺΤ褦ʰݾĶѲȤ֤ǤϻפͽƤ

ƤȤȤϡפͽ䤹ȤȤǤ礦ʤƤ
뤳ȤϤʤǤ礦

п忴

You scratch may back, I'll scratch yours.

פͽ䤷Ƥ餦ˡߤФƥåץӥԤä


ϡפͽ䤹ȤˤϻǤޤ

Ϥ졢Ϥ졣

ˤƤ⡢ȥʡ̳Ĺåץӥ򤷤Ƥ줿Ȥǡ¦ȤƤ
סŤ餯ʤäƤΤǤϤʤǤ礦
ä鵭Ͽ⤢Ȥ
Ǥ

 

΢ʤƤΤȻפå򤪴ꤤפޤ
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Υȥ꡼ϤƤʥ֥åޡɲ

夲αƶǥɥ˿줿ȻפäΤǤ⤦ɥ¤äƤ褦

Ϥȡ夲ǵˤʤäȤޤ󤫡

ϡ߽ж¶ľܾ夲뤳ȤǤΤǡ

줿顢ܤ䥢ꥫʤɤͶƳɸͤȤΤѹˤ
ä߽ж¶˴Ū˱ƶڤܤȤΤФϡʤޤɤ
äȤ򤹤ɬפʤΤǤ͡

ñ˾ݤ⤹Ǥ̱դȽǤ
ͥ褹ΤȡǡȽǤĤ̱դͥƤȤϸ¤ʤ櫓ǡ


֤ǡˤʤäȤȤϡ

ǤǤ夲ʹƲޤǤ

0.25Ǥ硣夲򤹤ϡꥫǤܤǤ0.25󤺤ľ夲뤳Ȥ¿
͡

ޤϤʤΤǤšξˤϡޤ0.27Ȥ0.54ߤǾ
Ƥޤ

Τʤš

㤨С3ǯۤ2007ǯ723Υ֥εǡ0.27ߤǶ
夲ΤȽ񤤤ƤޤͳΤäƤɼԤ鶵ơȡ
ǡ
ɼԤȿäơﵯɤȤƤ9ܿǤϤʤΤȤΤ
ؤ꤬äȵƤޤ

ʤ˱ﵯɤΤǤΤǤСκ󤫤ߤƤޤäΤ

0.25ߤʤơƹܤƱǤϤʤȡ

Ǥ⡢0.27󤬴ﵯȤäƤ⡢4夲ιפϡ0.27×41.08
ǡš0.27ߤݤΤǤ͡줬0.25ߤǤС4夲
1ȡñʬ櫓Ǥ顣

Ĥޤꡢȸɤ⾯ľѤĤĤȤȤǤ

Τȿǥ⤬³Ƥ褦ǤǤ⡢ɤɽϴʬ䤫ˤʤäƤ
褦ǤΤȤäƤƤޤ

ǡϺפäƤ櫓ǤܤŲƧˤϤʤ

졢ɤʹǤ͡ǤǤꥫǤꥫǤ
ʪξ徺Ψ㤯ʤäƤꡢҤäȤǥե˴٤뤬ϲȤ
Ƥ򤷤ʤƤϤʤʤȡ

ǤϡǤǥեζ줬뤳ȤȤʤΤ

ǤϤʤΤǤܤŲƧˤϤʤȸΤϡܤ
ĹǥХ֥ȤäƤΤǤ

ĤޤꡢƹȤܤΤ褦ˤʤʤʤȤäơƹĶºĹ
ƤΤФϤȿФ夲ɬפǤΤȡ

¶ϡ夲ˤä1ǯΤ2.5ˤʤȸޤǡΰ
ǡ8ξʪؿξ徺Ψ3.5ǤȤȤǤ顢θ
Ԥ¤ƤƤ⡢1ǯ1ܸ򶯤뤳ȤˤʤäƤޤ櫓Ǥ
Ȥʤ
С͡ϡե줬Ƥ»ʤ褦ˤȡ;夬θưʤɤ
񤷤褦ȤΤǤ뤳ȤǤ⤢櫓Ǥ

Ǥ⡢̡ǤŪǤΥޥ󥷥ιäΩĥ
󥷥äƤΤȤ

ʾưʤξ徺򾷤褦ʶͻϴ¤᤮ǤȤ櫓Ǥ
ޥ֥졼򤫤ХХ֥쵤˵ꡢѤ˴ʤ
Ǥ櫓Ǥ
ưʤ㲼뤳ȤϤʤ徺⤹뤳Ȥʤ褦˾
ˤ䤫˶ͻƤȤɬפǤϤʤΤǤ礦ȤȤϡ޷˿̱
ڤ夲뤳Ȥ˾ޤȤϸʤ̱δˤ䤫ʾ徺ǧ
ȤäƤͭյȤȤǤ



ưХ֥뤬ȯƤΤϡΤȤǤȻפå򤪴ꤤ
ޤ
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