кѥ˥塼

޸Ρкѥ˥塼̤ưͻ֥Ǥϵ岹Ȳ˻ߤΤúи󾧤ޤиӽиȤϰ㤤ޤߤʴ㤤ΤǤ

2013ǯ10

ʸϤϡȯɽ줿ƹθԾѰʸǤ

Ѹɤޤʤ

ǤϻǰǤǤ⡢FRBɤʤȤͤƤΤ̣Ϥޤ󤫡Τä龯ϫƤɤǤߤǡǤ礦

ϫϷǤ⡢ϫɤफ餳줬μȤ夹ΤǤ

ˤФѸٶΤǤϤʤͤϤʤä㡣Ǥ󥸤ƤߤƲ

줾ʸϤθ1䤺ФޤΤǡƲ

ϡǸ˼ޤ


Information received since the Federal Open Market Committee met in September generally suggests that economic activity has continued to expand at a moderate pace.

䣱9ʹߤƹηкѤĹΥԡɤϡɤʤΤ

ʣᤤʣ˴ˤ䤫ʣ٤

Indicators of labor market conditions have shown some further improvement, but the unemployment  rate remains elevated.

䣲˼ΨϤɤʤäƤΤ

ʣ˾徺ʣ㲼ʣ˹⤤ޤ

Available data suggest that household spending and business fixed investment advanced,
while the recovery in the housing sector slowed somewhat in recent months.

䣳˼ΤΥڡߤäΤϤɤ줫

ʣ˽Ծ졡ʣ˲ȷפλٽСʣ˴Ȥ
 
Fiscal policy is restraining economic growth.

䣴˷кĹ˳ƤΤϲ

ʣǡʣ˶ͻʣ˺

Apart from fluctuations due to changes in energy prices, inflation has been running below
the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

䣵˥եͽۤϤɤʤäƤ뤫

ʣĹɸ㤤ʣ˥ͥ륮ʤƶͿƤ롡ʣ˰ꤷƤ

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and  price stability.

䣶FRBĤŪΰĤʪΰǤ뤬⤦Ĥϲ

ʣ˷кѤĹʣ˹ݼ٤ζѹաʣ˸Ѥκ粽

The Committee expects that, with appropriate policy accommodation, economic growth will pick up from its recent pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate.

䣷˸ԾѰͽۤ˹äƤΤϤɤ줫

ʣ˷кĹΥڡ®ޤ롡ʣ˼Ψϲʤʣ˸Ѥϰ

The Committee sees the downside risks to the outlook for the economy and the labor market as having  diminished, on net, since last fall.

䣸˸ԾѰϡʵβꥹɤΤ褦ˤߤƤ뤫

ʣ˥ꥹϾʤäƤ롡ʣ˥ꥹѤʤʣ˥ꥹ礭ʤäƤ

The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance, but it anticipates that inflation will move back toward its objective over the medium term.

䣹˸ԾѰϡեΨ2򲼲ȤɤΤ褦ʱƶȹͤƤΤ

ʣɸ˶Ťʣ˷ʵ˰ƶͿǽ롡ʣ˷ʵ˰ƶͿ˰㤤ʤ

Taking into account the extent of federal fiscal retrenchment over the past year, the Committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program as consistent with growing underlying strength in the broader economy.

䣱˸ԾѰιͤ˹äƤΤϤɤ줫

ʣ˺ٽФ︺ƤΤǡкѳưߤäƤ롣
ʣ˺ٽФ︺ƤˤϡʵѻԾϲƤ롣
ʣĹι֤θ̤ϸ¤Ƥ롣

However, the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.

䣱˸ԾѰϡĹι֤ɤ褦ȤƤΤ

ʣ˺ηʵ˴ؤʤĹι³롣
ʣ˷ʵǧ줵СĹιߤ롣
ʣ˷ʵݻǤǤȳοƤѹ롣

Accordingly, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month.

䣱˸ԾѰ񤬷᤿ȤϤɤ줫

ʣ˿˽ôݾڷι򳫻Ϥ롣
ʣ˰³̳ʾڷιԤ
ʣ˰³ĹĤι³롣

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction.

䣱˸ԾѰϡ絡غθ⤬Ԥ줿硢ɤȸäƤΤ

ʣˤλĹĤ롣
ʣĹĤΥ륪С򤹤롣
ʣ˺Ƥӽ絡ؤνôݾڷ롣

Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative, which in turn should promote a stronger economic recovery and help to ensure that inflation, over time, is at the rate most consistent with the Committee's dual mandate.

䣱ˤη̡ԾѰϡʪˤɤΤ褦ʱƶȹͤΤ

ʣ˷ʵ褯ʤȶ徺롣
ʣ˶夬ˤʵ򲼻٤̤롣
ʣ˷ʵ褯ʤ̡ʪ徺뤬ߤʤ

The Committee will closely monitor incoming information on economic and financial developments in coming months and will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability.

䣱˸ԾѰϡĤޤĹι³ĤȸäƤΤ

ʣ˸ѻԾ줬ޤǡâʪˤĤƤϹθʤ
ʣ˥եΨɸͤ򲼲¤ꡣ
ʣ˴ŪˤϸѻԾ줬ޤǤǤ뤬ʪˤĤƤθ롣

In judging when to moderate the pace of asset purchases, the Committee will, at its coming meetings, assess whether incoming information continues to support the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective.

䣱˸ԾѰϡĹιΥڡѤϲˤȹͤƤΤ

ʣ˸ѾȥեΨɸͤãȤ
ʣ˸ѾȥեΨ˴ؤѰͽۤѲ褦ʥǡȤ
ʣˤλξ

Asset purchases are not on a preset course, and the Committee's decisions about their pace will remain contingent on the Committee's economic outlook as well as its assessment of the likely efficacy and costs of such purchases.

䣱ĹιΥڡѹͿǽΤʤΤϤɤ줫

ʣ˷кѸ̤
ʣĹιȼåȤȥǥå
ʣFRBĹθ

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens.

䣱˸ԾѰιͤ˹פƤΤϤɤ줫

ʣĶºϡĹι֤λɬפǤʤ
ʣĶºϡĹι֤λ塢δɬפȤ롣
ʣĶºĹι֤ϴϢդɬפϤʤ

In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.

䣱˸ԾѰ񤬹ͤƤʤȤϼΤɤ줫

ʣ˥եǥ롦ե󥺡졼Ȥϡ00.25˿֤
ʣ˼Ψ6.5Ķ֤ϡŬǤ롣
ʣˤ12ǯˤơեΨ2.5ĶǽϽʬ롣

In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments.

䣲Ķº夤Ĥޤ³ͽۤǡǤƶϤʤȻפΤϼΤΤɤ줫

ʣ˶ͻ
ʣ˺
ʣ˸Ѿ

When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.

䣲˸ԾѰϡĶºѹˤĤƤɤΤ褦˹ͤƤΤ

ʣ˼Ψ4ˤʤޤѹʤ褤
ʣ˥եΨ2ãѹ٤
ʣ˼ΨȥեΨξ򴪰Ƥ٤

ǡǤ礦

񤷤ؤɤʤäȻפޤɤ᤯ߤĤ뤫ݥȤȻפޤ

ˤƤ⡢򤯤ȤǡԾѰ񤬤ɤΤ褦ʹͤ򤷤Ƥ뤫褯ʬäΤǤϤʤǤ礦



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3ϡʣˤǤƤͤӤޤ


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ܺ٤ΤʤƤ⡢ȿΥȥåפȤǤΤбǤ
Ⱦǯ󽷤ʤƤˤߤϤʤǽʬȤΤϤ

äѤͤǯ֤󽷤1ߤĶƤ顢ϺȤǤפäΤǤ礦͡ȤƤϡˤ⤦⤦šפȸ

ΤȸС˽ͻȸƤΤΡߤ۶Ԥ˽İΤäƤͻ񤷤ΤǤϤʤΤǤǤ

ʤƤ軰԰ѰϤȽǤƤޤͻģ⡢ȤŪʾڵϤǤȤϻפʤΤǤ

âȥͿ꤬˽İʬäȤбޤäĤޤꡢȥβ򤹤Ȥޤ٤äΤˡդäȡ

ǤϡΤ֤ʬǤϤʤäΤǤ礦

⤷ȤƬǤäɵڤȤΤǤСդλ´طϤäꤵƤ餹٤ʤΤˡŤɤ⤽ǤϤʤ褦ˤʤΤǤ

ܤϡޤǤʤˡȤǤΤǤ᷺ˡѤƤޤ

ȸСȳоݤȤʤͤΡɤʹ԰٤ɤΤ褦ˡ˰ȿƤơФȳƤͽƤɬפȤȤʤΤǤ

˽İؤͻ񤬤Ƚ塢ʬʻ򤷤ʤäǤݤȳ§Ƥ餫ˤʤäƤΤǤ礦

褷ƤȤϻפޤ󡣤顢¦ۣ٤³ΤǤȳ§ϤäꤷƤСɬ餫б򤷤ƤȻפΤǤäơƬɤ꡼ȤνޤʤΤǤ顣

ͻģȤƤ⡢֤Ƚ˶ԤɤΤ褦ʹư٤Ϥäꤷɥ饤򼨤ƤʤΤǤϤʤΤǤ礦

Ȥǡ󤸤ȤˤСƣƬ褬¤ˤĤοʹҤˤ꡼򤷤Τ顢¾οʹҤεԤƬμäƤפȸäƤȤǤϤޤ󤫡ޤˡΤ褦ʤȤ󤸤줿ľΤȤȯǤ顢̤ο͡Ϥ褯褯դƻ֤򸫼뤳ȤɬפʤΤǤ

ϤȤơηƧޤơ115ᥬХ3Ԥ˰Ƥ˸뤳Ȥ󤸤ƤޤΤˤưˤʤäΤǡͻģⲿ򵯤ɬפȹͤΤǤ礦Ψľ˸С̱¿ϡߤ۶ԤϤɤʰȤ򤷤ΤϤäǧƤǤϤʤΤǤ

ȥ顢ԤľܿǤϤʤΤŤʤơΤˡ˽İͻ񤹤ΤϤޤΤ⤷ʤŤȤ褦ʴǤȤȿ򤹤롣

䡢Τ褦ȤʹƤߤȻפΤǤ⤷ʬ顼󲰤äƤơΥ顼󲰤̤γʹ򤷤˽İƥ顼ʸˡ顼򤪽Ф뤳ȤϤǤʤȡǤʤФʤΤȡ

äȤޤ̤γʹ򤷤Ƥ뤿ˡŹοͰʳï˽İȵդʤˤǤ衩ơ̤˥顼ʸ̤˿٤ơ̤ʧȤʬäƤˡǤ衩

ɤʤΤǤ礦

¿ΰ̤ΤҤǡ˽İ顼ФȤϤǤޤ󡢤ʤɤȸΤʤ顢ѤäƤξʷϵۤƤޤΤǤ

ޤŰ줷ʤФʤΤǤ礦

Τ褦ʤȤͤˤĤϡ󡢰Ū˶ԤȽ뵤ˤϤʤʤΤǤ

ˡȤΤʤˤ˽İȤδط̵ͤȤϻפʤΤǤŲΡȤϺ󡢤ߤ۶á˰̿ˤʤäƤΤǤ礦

¸ΤǤ礦̡϶ʾξ̤ζͻؤϡȤȤδ֤ˤŬʵΥݤȤȤ뤳Ȥ̤ŨдطˤʤǤϤʤɬװʾ᤹ܶ뤳ȤϤʤȡ

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ޤƤʤ᤮ȡȤͻǤˤˤʤäƤޤǤ

ȤȤǡȤȿƤطˤͻؤȸС˿ȹäꡢѶˤäȤ礬¿ΤǤ顢ԤФ;ɤݤäƤʤȤ¿ȡǸСʤޤȡȯĥȤäƤȡ

ʾȤ¿ΤǤϤʤǤ礦



ȤȿϡꤹȻפå򤪴ꤤפޤ

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ߤ۶Ԥ֤ܤƤ˽ͻ˴ؤƼʬƤȯɽޤ

νʬƤȤΤϡƬ󽷤Ⱦǯ֥ˤ롢ȡǤ⡢Ǥǯ5߰ʾ󽷤ϳݤǤΤȤ

ƤΥХ󥫡󽷤٤礷ȤϤʤΤ⤷ޤ󤬡ŤǤ桹̱ߤ顢֤áʤˡפʤơ

ǡĤʤȤˤФդԤäƤޤߤ۶ԤνʬƤʤΤǤŤǤϡơΤΤ褦ʽʬɬפǤäΤ

ʼ򤹤С¿ϼΤ褦Ǥ礦

˽İͻ򤷤ƤȦʤ

⤽ˤʤޤ

ޤ褦ˡߤ۶Ԥ˽İΤäƤͻ񤷤ǤϤʤΤǤǤ⡢˽İż֥ǡ顼Ǽ֤㤦ݤμư֥Τνн꤬ߤ۶ԤǤäǡߤ۶Ԥοϼ֤ä˽İ˲äƤϤʤΤǤɤΥ𤷤ꥳοǤư֥ǥ顼եåƤȥο򸫤ʤΤȤ

Ĥޤꡢ̤μưֹԤΤʤ˽İʶǤơư֥ǥ顼αĶȥޥ䥪ꥳôԤȴʤäȤäʤΤǤ

ߤˡ˽İ˷̤Ȥͻ񤷤Ƥޤä230ۤɤǤꡢۤۤ2ߤ˾ΤȤ

Ǥ2ߤȸ礭ۤ˸뤫⤷ޤ󤬡ͻ1100ߤ˲᤮ʤΤǤ

äơͻ˼ư֤ι˽ƤƤ뤳Ȥ餫ǤС˽İФͻǤϤäƤ⡢ۤɰʤΤȤϹͤɬפʤǤ礦âˤĤơ褹븫⤢ΤǤĤޤꡢư֥ȤΤϱ̬Ǥäơι2ߤۤɤͻϡ̤Ū˻Ȥ줿ΤǤϤʤΤȡˤĤƤϡۤɸƤ뤳Ȥˤޤ礦

䡢⤷ͻ³ǤȤͳǶԤǤ٤ȤΤǤСϡԤƬ褬ǤȤ⡢ͻĹȤȥôβĹʤɤǤƤ٤ȻפΤǤ󡢤ȸäƬ褬ǤʤƤ⤤ȤȤˤϤʤʤȻפޤ

ºݤˤϡĹƬ衢ơʳǤ줿ˤʤäƤΤǤ

⤦١ʹȻפޤ

Ρߤ۶ԤƬ褿Ǥ줿Τ

ɤȤʤΤǤ

ˡοζͻģĤƤΤǡʤ꤬ʬʤ

Ǥ礦ͻģôäǤ⤢ϡޤؤɤηˤĤȤΤ뤳ȤäƤʤäΤǤ

1015
̶ָͻؤˤ븡˴ؤơͻؤȤζŪʤȤ䲿ˤĤƥȤ뤳ȤϤޤ󡣤η˴ؤƤϡˡ24˴Ťħ̿»ܤƤȻפޤΤǡƧޤơбˤĤƸƤƤȻפäƤޤΤǡʾΥȤϤޤ

1022
֤ͽѰǤޤɤ⡢̶ͻؤθƤˤĤơ饳Ȥ뤳ȤϤޤס֤ˤƤ⡢ηˤĤƤϡߡߤ۶Ԥ軰԰Ѱޤơ´طĴ򤷤ƤȤʤΤǡĴ̤ʤɤƧޤбƤн褷ƤȹͤƤޤ

ޤʾΤ褦ʼ³ƤΤǤʬƤ줿ȤȤǡФŸޤ

1028
ȿҲŪϤȤδطäȤ軰԰Ѱ񤫤Ŧ줿Τ礭ޤͻģФƴְää򤷤Τ϶ԤȤƤФ󤷤ƤϤʤȤǤꡢʤ𤷤ƤȤä

ʬΤ褦˿˸äƤ뤳ȤȸСͻģФƻ¤ȿ뤳Ȥ𤷤Τϰ䴸Ȥ

ȡΤߤ۶ԤƬ󽷤5ߤ⸺餵ɬפäΤͳʬʤΤǤ

줬⤷Ƭ褬ƬäΤ餫ʤä褦˶ͻģ𤷤ƤȻؼΤǤ̤Ǥ衣Τ褦ʤȤ餫ˤʤäƤʤΤǤ

ˤ⹴餺˸ʬƤ줿ȡ

ˤƤ⡢ߤ۶ԤϡܷĴ軰԰ѰǤơη̤Ԥä櫓ʤΤǤ

Ĵϡ8ȯ­軰԰Ѱ3ּǤޤȤ᤿Τ˲᤮ʤΤǤ

Τ褦軰԰Ѱ񤬸¤줿֤Ĵ٤ƤŪΤǤȤݾڤɤˤΤǤ礦

󡢶ͻģ¤𤷤줿顢Ĵ̤ο˴軰԰Ѱȯ­ȤϤ褯ʬΤǤ͡ʸ¤Хå˻´طդФȦζͻģθǤ⿿꤬ʬʤäȻפΤˡñ˸񤭤Ф꤬Ωɤ۸Τ󤿤ĴǤȤäƲʬΤ

۸Τ󤿤ޤȤ᤿Ǥ顢ϩȤƶڤ̤äΤˤϤʤäƤǤ礦

ƤΤǤ뤫ϲȤʤޤƤʬǤȤʤΤǤ

ˤƤ⡢ɤʤȤ򤽤軰԰ѰǸäƤΤǤ礦

аޡ
2010ǯ7ꥳȤȥˤĤơԤȤƿϷ
2010ǯ12228ȿҲϤؤͻȤǧꡣƬ
2011ǯ3ƥ㳲ȯͻ֡

طʡ
ȥǤäᡢͻȤǧ˳ä
ˡô𤬥ȥåפ˾ܤʤä
Ƭ褬ѤԤʤä

ǤʾΤ褦ʤȤäƤʤΤǤդäΤʤСʻƤǤԤ顢ΰջ̤ʬǤʤȤȤʤɤǤ

軰԰ѰθäƤ뤳ȤϡΤޤ󤸤ƤȤޤȤ᤿褦Ƥ˲᤮ʤǤϤʤǤĤޤꡢοˤޤǥ᥹줿Ȥפʤ

Ǥ礦ͻģˤƤΤϡơ䤬ΤꤿΤϡ˽ĴطԤФͻȽбʤΤǤ

餯ȥ顢Ť˽İФͻʶǤ⡢٤ϻߤʤȶͻģǧƤΤǤϤʤǤ礦

ʬäʾ塢Ŭڤ֤ʤäΤȤͻģˤƤΤȻפΤǤ

⤷줬Ȥ顢ôäȤƤϡȤƤΤȤ̱ʬפ٤ǤȻפΤǤ󡢼ºݤ˾´طȽ塢ɤΤ褦бˤĤƤϡȤǤʤ⤷ޤ󤬡ˤƤ⡢б֤ͻģȤƤϽŻ뤷ƤΤȤ褦ʤȤϹ̱٤ʤΤǤ

ˤĤƤϲʤ

θʤΤ

äƤޤȡδؿƬ˸ƤޤǤ礦ĤޤꡢƬ褬졼˶ᤤȳ˻פ碌뤳Ȥϲ򤷤ȡ

äƶͻģΤʤȤʤΤ顢ޥߤϡβͻκ꤫ʬʤǤΤǤ

ȤǡۤɽҤ٤褦ˡܷ˴ؤơŪˤϼư֥ȤäƤ뤬¤ϡϿ¤򱣤α̬˲᤮ʤȤ⤢褦ǤĤޤꡢ˽Ĥͻ򤹤뤿ˡ̬ȤȥѤΤǤϤʤȡ

ϡβǽ㤤ƤޤΤʤС;ˤطԤ¿˾ꡢïθ鿿꤬ФƤޤȤñͽۤ뤫ʤΤǤˡ˽Ĥͻ򤹤ɬ줿Ȥ顢ߡҤѤƹԤʤɤСǤͻ񤬲ǽǤ뤫ʤΤǤ

äơϤޤǰǤϤʤΤǤ礦˽İФͻ񤬤뤳ȤȽ塢ͻβޤʤäΤϻ¤ʤΤǤ顢οͳǤä餫ˤʤФʤʤΤǤ

⤷Ƭ褬ʬοȤΰʤɤۤˡ˽İؤͻβٻʤäȤ顢ɤͤ٤ʤΤ

ˤΤ褦ʻ¤äȤ顢Ѥ礭ǤäơԤΥȥåפǤ餦ɬפǤ礦

ǤϡΤ褦ʻ¤ƧޤơνʬƤϷꤵ줿ΤǤ礦

ǻŦƤ뤳ȤȽǤСɤ⤽ǤϤʤΤǤñˡ̳ǡΤ褦ʻ֤֤ȡˤǤˤƤ⡢塢ŤǤƤ٤ȤʤäƤ褦ʤΤǤ

Ǥϡϡ񤬻ŦȤʤΤ

ϲȤޤ󡣤ơŰŪĴΤŪǤ⤢ΤǤ

Ǥ⡢Ǥϡ餯ΤڵϤĤʤäΤǤ礦ޤ餳ͻģͤϡˡֶͻģФƴְää򤷤Τ϶ԤȤƤФ󤷤ƤϤʤפȤȯΤǤ礦

餯ʾΤȤɽ̲뤳ȤϤʤΤǤϤʤǤ礦

ˤƤ⡢֤ξϡ˽İؤͻ230ۤɤ⤢뤳ȤȽΤˡ֤褦ʤȤ򤷤ΤοͳʤΤǤ

ˡȥǤ뤫ȤͳǷڤͤȤͳʤΤ

ҤäȤ顢˽İ˲פȡȤδ뤫⤷ʤȴȤǤ뤫⤷ޤƬǤϤʤȥ˴ط¿ζԴطԤƱ褦˴Ƥ⤷ޤ󡣤Ĥޤꡢ̿㮤ʤȡ

äơޤDz鲯ɴߤ߽жνѤ˴äˤʤäƤᥬХ󥯤餷2ߤʤƥߤߤʤΤǤ顣Ǥ⡢ʤ֤˸äƤϤʤȡ

ϡȥȤϸʤߤ۶Ԥ˽İͻ򤷤Ƥ¤ȽǡԤΥ᡼礭ĤȻפäΤ⤷ޤ

ˤƤ⡢ͻģϡߤ۶ԤβɤǤΤ̱ʬפǤΤǤ⤷̱뵤ʤΤǤСβΤζͻʤΤȸ



鲯ߤ߽жνѤˤäʤᥬХ󥯤顢2ߤۤɤ»ȯȤäˤ⤫椯ʤΤȻפå򤪴ꤤפޤ

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ۥƥ¦θʬˤСտŪʤΤǤϤʤåդμ­ˤΤǡ˰ޤǤɽʤΤȤ

ޤåĥȥ˴ؤƤϡָɽפΤȤϰϤϤäƤǤϤʤΤǡʾ礭ȯŸǽϤʤʤΤǤŽäơܷϡۥƥ¦μĥΤȤꡢǤϤʤָɽפȤƽ졢ǽˤʤȻפΤǤ

ʤȤ顢ʤ뵶ͶȯƤޤΤǤ

ˡեƥӤΡå͡פξҤθʹƤȡ鵶ʤʤʤΤȤĤŤפΤǤ

ֳ̤դƤʬ뤫⤷ʤ̤줿ɤʤΤǤ礦

ȡް椵󤬸ΤǤ

ֻ䤿ˤϰ㤤ʬʤǤ礦

Ǥ֥Ӥȥ֥åΰ㤤Ǥ衩

ʬΤʤǤ⤷ʬʤȤͤ顢Ĥ֥åʤɳ͢ӤФ꿩٤Ƥ뤫ǤϤʤΤǤ礦

˼֥Ӥȥ֥åȤΰ㤤ʬʤǤ⡢ХʥᥤӤȤΰ㤤ʤ顢ʬʤȦϤޤ󡣤Ǥ礦âǥӤȥХʥᥤӤΰ㤤ϤȤʤС

ˤƤ⥳åȤĴͤʤʬʤȦϤޤʬʤʤĴͤˤԸǤŻѤǤ礦

Ǥ͡ɤۥƥۿͤϡɽ˴ؤμǧ­˥塼κ˳ǧ­äפȸΤǤ

ϡˤǼ뤳ȤǤޤ󡣤ȤΤ⡢֥ӤˤƤ⡢֥åˤƤ⡢ХʥᥤӤˤƤ⡢ƥѡʤɤǤĤƤ褦̤ο˲᤮ʤʤΤǤ

ΰ㤤ʬʤȤäưΤɤΤ褦ʿ͡ʤΤǤ礦̤μؤäư㤤ʬޤ

ȤǡΥۥƥΥ쥹ȥˤΥߥϰդƤȸޤ

äȤޤӤ˴ؤɽ7ǯ鵯ƤȤΤˡŤĤޤꡢ7ǯ֤ߥĴϡäबȤƤȤȤ˵դʤäȤȤˤʤΤǤϡҤäȤƵդƤΤǤ礦դ顢դ뤳ȤϤޤ͡

κݡߥ󤫤⽽ʬǼΤäƤ٤ʤΤǤǤ⤷ʤȡߥˤϥ쥹ȥդʤϤʤȸäƤǤ礦

֥եå塦󥸡塼פʤɤɽʤΤѤȤˤĤƤϡּݤߤ︺뤿ᡣäΤǻ̴ԸΡˤ򥹥åդǰ٤Ȥåդǻ̤顢ѹפȸޤǤͳˤʤäƤޤ

ߤκ︺ȡ֥եåפȤɽȲδطΤǤ礦

ˤȤḁ̊́塼ѤͳǤäȤƤ⡢ä顢֥եåפʸϺơḁ̊́塼פȤ٤ǤäΤǤ򤷤ʤäΤϤϤ¤бȤǤ礦

ޤ䤬ʤ˸ȤΤ⡢Υۥƥ뤬Ķήۥƥ̾äƤ뤫ʤΤǤˤϥץ饤ɤȤΤʤΤȡ

¿ʬܤ褯褦ȤʤΤǤ礦Ȥμˡ줬Х֥λä顢Ǥۤι⤤ǺѤ뤳ȤǤ⤷ޤ󤬡ĹǥեΤʤǡ⤯ꤷˤʤäƤȤ¿ϱƶƤ뤫⤷ޤ

顢ϼ֥Ӥ򿩺ȤƻȤɬפäƤ⡢ߤ̵֥å̳ᤵȡơ֥åѤƤ⡢ΤȤ˵դҤؤɤʤ褦ˤʤäΤǡ֥å³ѤƤȡ

פΤǤ˥˥塼ˤɤΤ褦ʥӤѤƤ뤫񤤤ƤʤƤ⡢Ķήۥƥʤ֥ӤȤȤȤץ饤ɤäߤäȻפΤǤǤ礦֥åХʥᥤӤȤäƤȤС줬ɤʤ̣ǤäƤ⡢ϤĶήۥƥ̾뤳ȤϤǤޤ

˥֥åХʥᥤӤѤʤСǤĶ뤳ȤǤƤ⡢B饰äˤʤʤΤǤ

ˤƤ⡢Ʊοʵ꤬֤ܡε䤨Ƥʤʤ뤳ȤʤȸСܿͤι̱礤꤬뤫ʤΤǤ礦

Ĥޤꡢʤƴ뵤Ѥ˶ΤΡΰǡ¤ʤ˰뵤Ʊ褦˶顢ʤ¤ʤȡĤķӤĤʤ롣

Ť˹ͤƤߤ顢ʤΤ˰¤ʤդƤȤ顢ʤˤ𤬤뤫ʤΤǤǤ礦

ˡȿߤεԤˤϡȿˤƤ褦Ȥʤʤ夲뤳ȤǤʤʷϵȤȤǤ礦ïϻߤ٤ʤɤȸΤʤ顢ȿαޤ뤳ȤϤǤʤǤ礦顢򼺤ʤۤäƤ뤷ʤ

ʿǡޤDzŦƤޤ͡ʤ˴ؤƤϡ̱֤βҤΤǤλѤ˴ؤơŬڤʤλѤŦƤȤ

֥Ӥ˥֥åѤȸäơͤη򹯤ˤޤDZƶͿǤϤʤŰϡ̣ΰ㤤ʤɤɤȽʤʤɤȻפäƤΤǤ礦

Ƥ뤦ˡʬ¿ʱƶڤǤΤǤĤޤꡢ¤ȿ¤ݤͥ褵Ƥޤš

10ǯʾäǤ䡢ǥޥȽ񤫤줿󤵤ƤΤߤĤȤΤǤޥϻιʪʤΤǡȿ򤷤ΤǤ褯ȡϥޥƥǤäΤǤϡΤȤ˻פޤοͤϡޥ褯ΤʤΤǤˡޥƥ򥢥ޥȸ򤷤Τʡȡ

顢Τ˿ˤäƤϡΤ褦˼ºμ­Ǹɽ뤳Ȥ⤢Ǥ礦ɤͤƤ⡢֥Ӥȥ֥åְ㤦ȤʤɤʤǤ礦7ǯ֤ⵤդʤäʤơ

μ­ƤۥƥǤŤȼʬΥۥƥҲ𤹤٤ǤϤʤǤ礦



֥Ӥȥ֥åΰ㤤ʬȤå򤪴ꤤפޤ

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ߤ۶Ԥ˽Ĥͻ񤷤ȤդƤޤϤɤΤ褦ˤˤʤäƤǤ礦ޥʬ񤤤Ȥޤ󤫡

ǡϡˤĤƼǹͤƤߤȻפޤ

Ǥϡʤ򤷤ޤ

1ߤ۶Ԥ˽İͻ񤷤ȤȤ󤸤ƤޤΤߤ۶ԤդʤФʤΤ

ǡǤ礦

˽İˤͻ񤹤Τϡ˽Ĥٱ礹ΤƱ顢դ

¿˽İˤߤ褦ʤȤ򤷤ƤϤʤȡñ˻פäƤ뤫⤷ޤ

֤ˡ230ʾˤڤӡۤ2ߤĶƤ

Τˡ230˽İФͻƷ郎ȤʤСȤƤϿҾǤϤʤޤŤΰǡۤ2ߤȤȤϡ1Ǥ100٤ˤʤΤǤ

ɤפޤפˡˤʤäƤ˽İФȤΤ϶ۤ⾮ŵŪʶͻǤʤȤȤʤΤǤ

㤨С˽İȤ򤹤ȤȤǡߤȤߤͻ򤹤ȤΤǤСϤޤä˽İФͻǤȸäƤǤ礦ˤʤäƤͻƷϡŵŪͻǤϤʤΤǤ


2ߤ۶Ԥ˽İͻ򤷤󤸤Ƥޤºݤ˿ߤĤ򤷤ͻ¾ꤷΤư֥Ȥ򤷤Ƥ륪ꥳǤΤǤǤߤ۶Ԥդ٤ʤΤǤ礦

֤Ǥ⡢νнϤߤ۶ԤǤΤϳΤš

˰ޤǤ⼫ư֥ŬѤ뤫ɤ¾ꤹΤϡꥳʤΤǤäȸСư֤㤤ȻפäĿͤư֥ǥ顼ˬ졢Ǽư֤㤦򤹤Ʊˡο˵ơ꤬ʤФܼۤưŪ˥󶡤ΤȥȤΤʤΤǤĤޤꡢĿͤ˽İǤäȤƤ⡢θĿͤ˲񤦤Τϡǥ顼ŹǤꡢߤ۶ԤοɤꥳοǤ񤦤ȤϤʤΤǤ

󡢤Ǥ⸫뤫˽İοͤϡߤ䤵ȻפޤܤǤʤˡ̳ǯʤɤ򵶤ȡˤΤ񤷤ΤǤ

Ǥ⡢ߤ۶Ԥϡ礭Ǥȸ٤ʤΤǤ礦

ˡߤ۶ԤǤȤ顢Ʊͤˡꥳˤ⤽Ƽư֥ǥ顼ˤ礭ǤȦǤϤʤΤǤ礦

3Ǥϡߤ۶ԤβʤΤǤ礦

ˡȥμ֤褯¸ǤС̤Ȥơ˽İФ䤹뤳Ȥ̵ۤǤ뤳ȤʬȻפޤȤΤ⡢⤽ǥ顼ϡư֤뤳Ȥ礿ŪǤꡢơꥳ⼫ư֥򤹤뤳ȤˤäƼ뤳ȤŪǤΤǡ˽İɤȤȤФդʧ櫓ˤϤʤǤ

Ĥޤꡢ٤˽İ˥󶡤ȤƤ⡢ΤȤˤäľ˥ǥ顼䥪ꥳ䡢Ƥߤ۶ԤդȤΤϹʵΤǤ

ä顢󡢤ߤ۶ԤϤäƲȶĥäƤФ褤Τ

ϡƤ¿Ƚˤ⹴餺θνλޤäȤȤʤΤǤȤΤ⡢˽İФǤ뤳ȤȽ塢Ŭڤ˽ȤϻפʤǤĤޤꡢߤ۶ԤϡȤȥŵŪʶͻȤϰ㤦ȸäƤ⡢˽İؤͻϤʤȼҲ˸äƸƤǤ顢ʤФ˽äơȤ٤򼨤٤äΤˡ줬ǤʤäǤ

ͳΰĤϡη˷ξ郎ƤʤäŤȤȤƤޤ

ˤƤߤ۶Ԥϡ˽İؤͻ¸ߤ뤳ȤȽбͽᤷäȽƤʤäΤǤ顢бʤȤˤʤäΤǤ

ǤϡΡк֤ʤäΤǤ礦

ϡܿͤǤ⤢ΤǤ㤨С̺ҤޤǤϡŤĤޤꡢʡθȯΤޤǤϡȯλΤ뤳ȤʤɴطԤˤȤäƤϤʤ֤äȤȤƱʤΤǤ

Τ򵯤ƤϷ褷ƤʤΤˤɤư뤫ǤϤʤʤ褦դʧ٤ȡ

˽İؤͻˤƤ⡢񲰤ؤ׶ͿȤĨꤿ촫䤬ʻƤǤߤ۶Ԥˡ˽İؤͻʤɤʤȹͤƤΤǤϤʤǤ礦

ͤ餳˽İؤͻȽбˤĤơʬ˽ƤȤʤäȡˡ֤ˤʤޤȥ϶Ūˤ⾮ΤǡŤƤΤǤϤʤǤ礦ȥͻ˰㤤ʤȤäƤޤǿмˤʤɬפΤȡ

줬ܼǤΤǤ

顢Ǹޤǻ֤ŤơƬˤ𤵤ƤʤȤޤDZĤƤޤäȡ

֤ϡƱĤƤξڤȴ褦ȤǤΤǤ顢礭Ƥޤ˰ʤʤäƤޤäΤǤ礦

ۤɶԤդɬפʤƷȻפˡΤäȤȤбǤʤäȻפΤǤ



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ϡ椬ϰ͢ưˤĤƹͤƤߤǤŰǸСפγEU͢Ф˧ʤΤǤϤʤȤȤǤ

󡢱߰¤ΤEU͢ФƤΤϳΤʤΤǤԡο٤;ˤ㤤ȡ͢ФϡǯäƤʤʤϤߤʤäΤǤήФ˺ǯ5ưФϤᡢ⤦ǥԡο˸¤٤ޤǤäƤ뤳Ȥʬޤ

ȤȤǡ绨Ĥʤϰ̤ưϤ᤿Ȥǡϡ̤͢ưˤĤƹͤƤߤȻפޤ

褺ɤΤ褦ܤ͢ФƤΤ٥6ꥹȥåפƤߤޤ

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äѤ꼫ư֤礬礭ΤǤˡŴݤޤޤƮƤ뤳Ȥ˲ƵդޤȾƳŻʤ⤷֤ȤĥäƤ褦Ǥ˻Ƥ褦Ǥ

Ǥϡ͢ܤ͢гۤϡǯɤΤ褦ưƤΤǤ礦

դˤʤäƲ
͢
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Υդϡ2ǯοͤդˤΤǤ뤿2006ǯ٤ԡΤ褦˸ޤ¤ϡ2007ǯ٤ˤۤ͢80ߤĶƤΤǡλݤλ򲼤

ơΥդΰֱ¦ϡ2013ǯپ2פȤʤäƤޤĤޤꡢ2013ǯ٤ξοͤ2ܤΤդˤɽƤΤǤäơñͽͤȤƤĺΤǤޤǤʬȲƤ褦˸ΤǤ

âǶ褯Τϡ߰¤ˤʤäƤΤ߷ƥ١͢гۤĤǸƤȤȤȡ͢гۤǤϲƤ褦˸Ƥ⡢̥١͢ФϡޤޤۤɲƤʤŤɤ9ϤޤޥʥˤʤäƤޤäȤȤǤ

Ǥϡ͢п̤ϡ븫ߤϤΤǤ礦

͢пǯ
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椬͢ܤǺΥ뼫ư֤ˤĤƤߤȡΤ˺ǯ12®˱߰¤ʤˤơư֤͢п̤3ޤǯƱǥޥʥϿơ4ˤä1.6Υץ饹ˤʤä⡢562Ϣ³ƥޥʥˤʤäƤΤǤ

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9ϡ͢гۤǤߤȤʤǯƱ29.9⿭ӤƤΤǤơϰ̤ǤߤȡäƹӤƤΤǤƹ͢п̤ϡǯƱ19.2ˤãƤޤơEUˤĤƤ⡢ɤư֤ϷȴƿΨ⤤ΤǤ̥١23.8⿭ӤƤơ͢гۤǤ65.0⿭ӤƤ뤫ǤEU͢г۹פǯƱϡ14.3αޤäƤޤˡΰǡ͢п̥١-4.4ȰޥʥαޤäƤޤ

ˤƤ⡢ΤΤȤƤ͢п̤ʤʤʤ褦˸ƤΤǤ򤷻ϤƤΤǤϤʤȤ⤹褦ˤʤޤ

󡢤кѤưɤʤ뤫֤ηˤʤǤ礦ޤŪˤʤɬפϤʤ⤷ޤ

Ū˸С2013ǯǯۤ͢ϡ70ȾФã뤳Ȥ⤢ΤǤϤʤǤ礦


뤵ⴶ뼫ưֶȳʤΤʤȻפäå򤪴ꤤפޤ

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9ǰפȯɽˤʤꡢפäۤɲ椬͢ФƤʤ¤ƴؿ򽸤Ƥޤ

1ǯ91ɥ=78٤ǤäΤǯ91ɥ98٤ˤʤäƤΤǤۤɱ߰¤ˤʤäˤ⹴餺͢гۤοӤϤۤɤǤʤޤ͢п̤ǤߤǯƱ򲼲äƤǤϤʤȡ

ޤȤطʤˤϤͳͤΤǤ㤨С

ʣ˲ƤηкѤ⤿ĤƤ롣
ʣ֤໤ƶͿƤ롣
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ϡɤΤ褦ͳ礭Ȼפޤ

ޤǰְռƤΤϡ֤໤ǰ״ط˰ƶͿƤȤȤǤϤʤäǤ礦޷ʱ߹⤬ʤǡ͢ФϲϤ᤿Τˡ͢Фˤϲʤȡ

ήФ͢гۤ⺣ǯ5ưлϤƤΤǤ

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ǰƤȤʤ顢椬͢ϤΤΤ㲼ϤƤȹͤΤǤ礦

ޤˤΤ褦ʤȤŦлϤƤޤŻϡޤǧκˤϤƤޤ

äơŪʤȤʳˤϤʤΤǤâ椬͢гۤοܤĹŪįƤȰĤλ¤⤫Ӿ夬äƤΤǤդ

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͢Фưȡ̡ϰ̡ˤ͢ФưɽƤޤ

椬͢гۤϡǯ٤Ǥߤȡ꡼ޥ󥷥å2007ǯ٤˥ԡĤƤޤ1ǯ֤Ǥʤ85.1ߤ͢Ф¸줬꡼ޥ󥷥åˤƶ2009ǯ٤ˤ59ߤˤޤǤΤǤۤˤ26ߤΥ󡣲椬GDP500ߤȲꤹС5󶯤GDPοΨۤɤ礭Ǥ

ơ͢ФϤʹߤϰöӤΤΤޤ㲼ơĶ߹ƤޤƤΤǤ2013ǯپȾ͢гۤ35.3ߤʤΤǡñ2ܤ2013ǯ1ǯ֤Ǥ70.6ߤεϤãͽۤΤǤ

Ǥϡ̡ϰ̡ˤǸСɤʤΤǤ礦

ƹϡ2012ǯ٤11.3ߤ13.1ߤäͽۤ졢EU6.3ߤ6.9ߤáơ11.3ߤ12.8ߤäͽۤΤǤפˡɤۤܽĴäȸޤΤǤ

ǤϡԡӤȡɤΤ褦ʤȤˤʤΤǤ礦

ԡѲ

ƹ17.113.1-23.4
EU12.6 6.9     -45.2
13.312.8     -3.8
85.170.6-17.0


ǡǤ礦

ܤEU͢ФϡԡӤƤޤʤ㤤ˤʤΤǤƹ⡢ۤɤǤϤʤˤƤޤ㤤ǡ͢Фϡ⤦ԡο¤ܤȤƤ롣

ĤޤꡢEU͢ФؤɤȤäƤۤɲƤʤΤܤ͢ФޥʳʤǤȸΤǤˡܤ͢ϤƤ뤳ȤȤСΤɤΤ褦ϰФƤ褦ʷȻפΤǤEU͢Фʳʤ¤˵դȡܤ͢ФԿǤ븶ϡܤˤȤⲤкѤ⤿ĤƤ뤳Ȥˤȸ٤Ǥ礦

ޤλ¤˵դȡηкĹΨƤƤ븶ΰĤϤ겤кѤΤ⤿Ĥˤ뤳ȤưפΤǤ

ǤϡβкѤϤ⤿ĤƤΤ

ϡǤХ֥뤬ƤϤϰˤƺþΥꥹޤäƤޤäʤΤǤ

ޤǯνϾ֤ݤäƤΤǡкѤΥꥹ򾯤˺줫ƤǤαƶϤΤ褦ˤޤ礭кѤ˰ű줳ƤΤǤ

EUϷкѤơΤ㤦Ϥ礭ǤΤǡߤ¤ʤꡢʤ¤ʤäȸäƤ⡢ñˤɤɤʤ㤦ȤϤǤʤΤǤ礦


EUкѰαƶ礭˲ƵդȤ͡å򤪴ꤤפޤ

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νʿȼʤкĹͥάľȯɽȤ

ɤפޤ

ϤȻפ¿ΤǤϤʤǤ礦ȤΤ⡢ǶδĶϡǰλ֤ãȸäƤ⤤ǤۤɤεȼʤФʤкĹȤΤϡβʤΤȸ줫ͤʤΤǤݡºݡΤ褦ȽˤϱƤΤǤ

ǸС餪⤬ޤäƤ⡢̿ʤʤä餪ޤȡ

âΰǡïäƤ٤ϹʤΡơˤʤ뤳Ȥ̴ʤΤǤ顢ȹ񤫤С̱ȤƤۤäƹθȤʹΤǤ

äơɤ⡢
кĹͥȤǤϤʤΤǤ줷褬ʤ顢ʤʤΤǤ

ˡĶ̤ȤơŴ⤤ɸͤǤƤ⤽μ¸񤷤ʤϤƤ뤫顢кĹͥᤶʤΤǤ

ΤʤС񼫿Ȥ⤦ʤĹֹĹ³ƤꡢʤзкĹΨ㲼ΤǤ

äƤǤ礦ޤǤϰ¤ͷ͢򿭤ФƤдǤ͢мƳηкĹΤǤ櫓ǤŤˤ⶯Ϥʥ饤Х뤬鼡о줷ƤƤ뤫ʤΤǤĤޤꡢդι񡹤¤ͷйΤǡȤƤϺޤǤΤ褦ʷкѳư³뤳Ȥ񤷤ʤäƤΤǤ

ץ饹ͭ⤢ޤäˡܤδȤȤƤϡ͡ʥꥹ񤫤æФơμչ˰žȤƤΤǤ

ˤƤ⡢ƤĤޤǤĹ³뤳Ȥ񤷤ʤäƤƤ񼫿ȤǧϤƤΤǤˡˡ
⤤кĹΨǤޤޤǤǡɸãǤʤСɬǤ뱩ܤˤʤΤǡΰ̣ˤƤ⡢кĹͥȸ虜ʤΤǤ

ˤƤ⡢񤬷кĹͥŤäüŪ˸С㤤кĹΨ­ʤʤäˡɤΤ褦̤褬ˤȤäԤäƤΤơܤФƤϤɤΤ褦ʱƶΤ

褺ܤФƶ˹ͤƤߤޤ礦

ȤʥޡåȤĹΨȡ椬ˤޥʥαƶͿΤ

Τˡץ饹αƶͿ뤳ȤϤʤ⤷ޤ󤬡Ťۤɷǰ뤳ȤʤΤǤȤΤ⡢⤽ηкĹΨ㲼Ƥطʤˤϡ椬δȤæư򸫤Ƥ뤫Ǥ⤢ΤǤäơηкĹΨ㲼ΤϿѤߤȹͤƤǤ礦

򺣡Ф椬͢ФʳʤȤؿ򽸤Ƥޤ¤ϡˤĤƤ⡢ۤɿۤɬפϤʤΤ⤷ޤ󡣳ΤˡξԤʤɱ󤹤ư뤳ȤǤޤ󤬡˿ФƤϴȤæư򼨤Ƥ뤿ˡ椬񤫤ʤĴãʤʤäƤȤ褦ʻ⤢뤫Ǥäơؤ͢ФۤʳʤƤ⡢ʬʳι񡹤Ф͢Ф䤦ˤʤäƤΤǤ

Ǥϡ񼫿ȤϡкĹΨ㲼뤳ȤˤäơɤΤ褦ʻ֤ޤΤķкĹΨ㤯ʤäʤΤȤ⡢ͽۤդʤ褦ʽ붲줬Τ

񤬥եȥǥ󥰤ܻؤȤ⡢ϡ¿ο͡ϡޤޤ⤤ĹΨ³ȤȤơ줫ư뤳Ȥ¿ͽۤޤΤʤС줬ʹ֤ʤǤäˡԹ礬ȤϤĤޤǤ³Ⱦ˻פࡣ顢줫衢кĹΨΤ㤷Ƥˤ˥Х֥뤬Ƥ³Ǥ礦쵤Ƥ櫓ǤϤʤǤ礦ġ͡Ʒ˴ؤ»ɽ̲뤳ȤˤʤǤ礦

ΰǡĶϤñ˲褹뤳ȤϤʤǤ礦ΤʤСɸͤȤϸȤ¾ʹкѤߤСʤۤɤι⤵ĹΨܻؤǤ

󡢷кĹŻȤϴְäƤϤʤΤǤäƴĶˤθʤС³ǽʷкĹϰݻǤʤǤ֤ˤʤޤ٤δĶؤθǤϤषĶϰ³ǡäơϱסޤǤ礦

ޤΤ褦ʤȤʬͽۤ뤫餳ǤäɤкĹͥȸäƤΤȻפΤǤǡ;ˤк̷ͥ⤬߲ƤޤäƤޤ

ޡեˡ§ǤϤޤ󤬡ɤ̵ԤäƤ֤ϡ̱ŤˤƤꡢȿФɤޤȤƻ߻Ϥ褦Ȥüˡ̱˽Ф褦ʵƤʤޤ

ˤƤ⡢ĻѤäƤΤǤ


ϡĶ뤳ȤǤΤȡ˻פå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

ͥåȾǥ˥塼åƤ顢ζȤ̵͵椬ηٹ̵뤷硢Ƥ뤳Ȥǧ᤿󤸤Ƥޤ

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ˤƤ⡢ˤĤ

̵͵ܤζФȤΤκʤΤǤʬǤ礦

̵͵ʤʹ֤äƤʤΤǡ¦ϤҤäȤȤ⤷ʤȡäơ̵͵ܤƤȤΥʥꥪ⡢ȤƤϽƤȦʤΤǤ⥷ʥꥪ뤳Ȥʤä򤫤ȤȤϤʤǤ礦

Ǥϡ¦ζȤ̵͵Фٹ򤷤ǡǤ⽾ʤΤǷƤȤˡ¦ϤɤΤ褦ʹư˽ФΤ

¦ȤƤϡˡ˾Ȥ餷ʹ԰٤Ǥȼĥ뤳ȤǤޤ񤬤ǧϤʤǤ礦

ϸȦǤ

սθͭڤȡξ񵡤ФƲȡơ̵͵Ƥܤι԰٤ϡФ빶⤽ΤΤȡäơˤϡܤη԰٤Фй븢롢ȡ

ĤޤϡܤФƷư˽Ф¤õƤΤǤ

⤷ʤΤˡܤ˷ư򵯤ˤϤʤʤȤ򤹤ƹۤäƤʤܤФȤʤä̡Τ褦˹ͤƤΤǤ

ˡ֤ˤ뤳ȤŪǧΤΤǤСդФ븢ĥǡͭˤȤ򱿤֤ȤǤ褦ˤʤȴԤƤΤǤ礦

Ȥ顢ܤˤȤäƤɬˤʤʤΤǡܤȤƤ̵͵Ȥ褦ʤȤϹ٤ʤΤǤ礦

⤷ܤٽŤʤζοȹ԰٤ۤäƸƨ³С٤ϡסȹ԰٤Ԥ¾塢դͭƤޤǤ礦

ĤޤꡢۤäƤƤϡդΤΤˤʤäƤޤΤǤ

ȤȤǡȤƤϡܤȿ򼨤Ƥⰿȿ򼨤ʤƤ⡢ͭˤʤ褦ʺƤΤǤ

äơܤȤƤϡܤμĥ100ȤƤ⡢ñ̵͵Ƥ뤳ȤǤϤʤФȤơۤäƼʤƤ뤳ȤǤʤΤǤ

ǤϡɤΤΤ

ܤϡ񤬤äƤ뤳ȤФʤ٤ʤΤǤ

㤨Сμ׻Фơ¤ʤ뵭ǺܤƤ餦ơϢΰݾˤƤ⡢ʹưʤ롢ȡ

ư򷫤֤֤ԤäǡŤĤޤꡢ褯´طʬäƤäܤηٹʹʤ̵͵ƤΤǤСʤ餽ǻ֤ϡκ̤ˤϿʤळȤʤǤ礦

ˡ⤽ϡդ˸̳󤵤ȸäƤΤˡΤ¸ʤΤǤ礦иλθäƤίޤηߤϤɤʤäƤΤǤ礦

Τ褦ʹ԰٤ϡ¦ɷ㤹뤫ȤͳƤΤǤ礦ʤΤˡΰǡٹʹʤȤϸäƤ⡢̵͵ƤƤޤС줳¦ɷ㤹Ǥ礦

Τ褦ʤȤ򤹤С¦ϡ¦ηʤɤȡŪ󤸤Ǥ礦줬κʤΤǤ

顢Ȥˤ¦κ΢򤫤ȤɬפʤΤǤ

ˡϡڹ¾򤷤Ƥ¤Ż뤷ƤΤǤ

¦100ʬڤȸäƤڹ񤬻¾򤷤ĹǯФĤܤۤä֤ƤǤϤʤȡä顢ڹ򿿻ơ¾դ򤷤ƤޤФΤǤϤʤȡ

ɡؤ˻Ѥޤ褦ȤФĥܤƤޤäƤ뤫餳β˽ʹư򾷤ƤޤäƤΤǤ

ơܤȤδ֤ǡ褦طˤ뤫顢ڹϼǤΤǤ

ä顢ФƤⵣȤ٤ܤ٤ʤΤǤ

Ȥ٤ȤΤϡ٤Ȥäǡ⤽ιŨŪʴطˤʤȤΤǤϤʤΤǤ

ˤƤ⡢ʿŪʼʤǻ¤Τ餻뤳ȤʤΤǤ



̵͵ηƤϡ˸¤Ϳ뤳ȤˤʤΤạ̇̄ˤĤ뤳Ȥͥ褹٤Ȼפå򤪴ꤤפޤ

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Υȥ꡼ϤƤʥ֥åޡɲ

2013ǯ9ǰפȯɽˤʤޤ

9ǰֻۤϡǰֻʹƤ⡢⤦äʤʤäƤޤäΤǤϤʤǤ礦

ˤƤ⡢9ǰֻۤ9321ߤˤʤäΤȤʤ9ȤƤϲֻۤʤΤȡ

;äʤ褦Ǥ͡

Ǥϡ⤦ġ9οͤФȤǡƱ2013ǯپȾοͤޤȤޤäΤǤ2013ǯپȾǰֻۤʡʡʤ49892ߤˤʤäƤޤäΤǤޤ绨Ĥ˸С5ߤֻǤ

ȤȤϡγۤ2013ǯ٤ͽۤȡǰֻ10ߤ˾ȻפΤǤ

áʴǤ͡򤪤äꤿΤǤ礦

ʬޤ߰¤θ̤ФƤǰ׼٤˸顢2013ǯ٤ǰֻۤΤ褦ʿͤˤʤȦʤȤäꤿΤǤ͡

߰¤ʤǤǽJָ̤Ưǰ׼٤Ϥष뤬ä͢Фǰ׼٤ϲȦȡιۤ⡢餽Τ褦ȯ򤷤Ƥޤ

ơܤ⺣ǯ4ˡ2013ǯ8ǰ׼٤ϲ˸ȤݡȤФƤΤǤ

ŷ֤ˤʤޤ9ǰ׼٤ϡ9ȤƤϲˤʤäƤΤǤơ7891ߤΥڡǰ׼٤ֻϿƤΤǤɤƤΤǤ

͢гۤ򸫤Ƥ⡢ΤǯƱ٤ƤϤΤǤŤΤޤ1ǯƱ٤СۤäƤȤϻפʤΤǤˡ͢п̤ǤߤСǯƱ١ɤƤΤǤ

2013ǯ9ǰ׼


٥Υߥǵ®ʱ߰¤¸ܡΤᡢ٥ΥߥȤϡμʤäۤɡä˥ɥĤʤɤܤȽޤǶϡȽ⤹äʹʤʤäƤޤ1Ĥˤϡƹۤꡢܤ۸Ǥͳϡ߰¤¸Ƥ⡢ܤ͢ФۤƤʤȤˤΤǤ礦

2013ǯ92012ǯ9ΰإ졼Ȥ٤ȡ1ɥ=78٤1ɥ=98٤ˤޤǵ®˱߰¤ˤʤäƤΤˤ⹴餺Ǥ

Τˡ߰¤ˤä͢дȤα߷ɽˤ夲뤳Ȥˤʤꡢޤפ礭Ĥޤ뤳ȤΤϤΤȤꡣ̳ʤǰפǸ¤ꡢ͢п̤ƤʤΤǤ͢гۤǤߤƤ⡢ǯƱ٤ƤϤΤΡŤΤޤ1ǯοƱ餤ʤΤʤΤǤ

ҤäȤ顢ܤηкϤƤƤ򼨤Τ⤷ޤ

Ǥ⡢ޤϤۤɿۤƤͻҤǤϤʤ褦Ǥ͡

ʬޤܤǰ׼٤¿ֻˤʤäȤǡо٤Ϥޤޤ³ƤǤϤʤȤäꤿΤǤ礦٤DzԤ¤ǤƤ뤫ŤĤޤꡢ񤷤ܤ⤿餹Ҥμ뤫顢ۤ뤳ȤϤʤȡ

Τˡǯ֥١Ǥߤо٤Ϥޤޤ³ƤΤϤΤȤǤԤƬν٤⡢οͤͽۤʤС10ߡ15٤ԤǤʤȻפäƤΤǤäơǡ椬ǰֻǯ10ߤĶ褦ˤʤСо٤ֻ˴٤äƤޤȤۤΤǤ

Ǥ

ʤ˱߰¤ʹԤƤƤ⡢͢ФϻפäۤɤϤʤ͢п̤ǸФषäƤ롣ȤСкѴطԤϡ߰¤θ̤򤳤ޤDzɾƤȤȤǤϤʤΤǤ礦

ޤǤϡ߰¤٤˳徺߰¤ˤۤɤθ̤ʤȤǧϤᡢƤˡо٤ޤǤ⤬ֻž褦ʤȤˤʤС٤ϡ߰¤ˤǤʤʤ뤫⤷ޤ

Ĥޤꡢܤޤߤ٤ήФϤ롢ȡʤСषߤβͤݻ뤳Ȥײˤʤ뤫⤷ޤ

ΤȤȤϵۤ٤ʤΤˡѤ餺ΤȤˤؿԤäƤʤ褦ʤΤǤ


ǰֻθäȿʬϤк֤٤ǤϤʤΤȻפå򤪴ꤤפޤ

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