Size: px
Start display at page:

Download ""

Transcription

1

2

3

4

5 -1-

6 -2-

7 *2 * *

8 -4-

9 -5-85

10 -6-

11 B/S -7-

12 MTN CP -8-

13 -9-

14 CMS -10-

15 *3 *4 *3 *

16 B/S B/S B/S B/S B/S B/S

17 * *5

18 *6-14- *6

19 -15-

20 Conglomerate discount *7 *8 *7 Berger,P.,and Ofek,E.,1995,"Diversification's Effect on Firm Value," Journal of Financial Economics 37,pp focus discount Henk von Eije, and Wim Westerman, 2002, "Multinational Cash Management and Conglomerate Discounts in the Euro zone," International Business Review 11,pp *8-16-

21 *9 *9-17-

22 1-18-

23 2-19-

24 -20-

25 3 90 a b -21-

26 *10 *11 c * , *11-22-

27 *12 *

28 1 *13 *13-24-

29 2-25-

30 1 *14 *15 a *14 *

31 *16 b ,000 2 *17 *16 *

32 *18 *

33 -29-1

34 2 58 *19 2 * *19 1 *

35 *21 *22 50% 50% *23 * * *23-31-

36 -32-3

37 -33-

38 1 *24 *25 *24 20% 10% 15% *25-34-

39 -35-

40 2 14 1,886 12, , ,163 6,881 6,445 5,733 41,976,500 3,365 1,355,468 2,216,317 1,652, % 5.3% 3,217,996 2,103, % 1,988, % 9,891, % 20,790,082 3, ,327 1,043, ,200 1,361, , ,801 5,519,257 21,186,418 3,558 1,158,141 1,172, ,654 1,856,240 1,415,560 1,053,406 4,372,

41 OECD OECD 10% 11 10% *26 15% OECD 10% 10 *26 10% -37-

42 *27 Recommendations for Improving Liquidity and Efficiency *27 25/20 0/5 25/20 0/5

43 *28 a *

44 *29 20% 16% 30% 20% 16% 30% 10% 10% 10% 10% b *

45 *30 *31 15 c -41-

46 *32 *

47 % % * % 65.6% 100.0% 62.7% 80.5% 62.0% 71.2% 61.4% 66.1% 60.5% *

48 *34 a *

49 25% b OECD 5 15 OECD *35 *

50 * *37 *38 5% * *37 *

51 *39* American Jobs Creation Act of % *41 85% 95% 95% 5% 50% 5% * *40 *41 ETI Qualifying Foreign Trade Income ETI WTO EU -47-

52 * , *43 *44 *45 *46 *47 * * * *45 * *47-48-

53 -49-

54 4 * a *48-50-

55 66 *49 *50 b * *50-51-

56 04 5 *51 *

57 -53-

58 1 *52 *52 Euroclear France Sicovam T -54-

59

60 1-56-

61 -57-2 ASEAN ABMI ABF ASEAN 005 ASEAN ABMI ABF ASEAN 005

62 -58-

63 % 5% 20% 10 15% 10% 100% 5, % 100% 100% 30% 31 30% % 5% 20% 10 15% 10% 100% 5, % 100% 100% 30% 31 30%

64

65 % 27.5% 10% 20% 10% 15% 10% 15% 10% 10% % 27.5% 10% 20% 10% 15% 10% 15% 10% 10%

66 % 10 or 4 20% 3 A FSS % % 10 or 4 20% 3 A FSS %

67 * *53 ASEAN APEC ASEAN APEC

68 03-64-

69 1 *54 *

70 * *55-66-

71

72 1-68-

73 -69- JETRO AOTS JBIC JETRO AOTS JBIC

74 2 *56 *

75 3 OB -71-

76 4 Tri Petch Isuzu Sales Co., Ltd

77 -73-

78 -74-

79 -75-

80 *57 AFTA *57-76-

81 97 98 ASEAN 3 WTO/APEC

82 -78-

83 -79-

84 :00 12: :0012: :00 16: :0016: :0016: :0012: :00 12:

85 -81-

86 *58 *

87 -83-

88 -84-

89 ASEAN

90 *

91 *

92

93 3-89-

94 -90-

95 -91-

96 -92-

97

98 *61 *62 58 Internal Revenue Code Section 871 a passive income 30 Section 872 Section 881 Section 1441 Section % *61 *62-94-

99 * *63

100 * *64

101 * *65-97-

102 0/10/25 5/15 0/10 7/ EU25 EU * *66 / -98-

103 % 0/5 0/5 15/20 0/3/10/35 0/5/15 0/

104 * *67 25

105 /

106 *68 EU The Arbitration Convention EU *

107 *69 EU *70 25% % % % *69 EU Code of Conduct EU EC 14 *70 significant shareholding

108 * EU *

109 * *72 25% 25%

110 *73 EU * EU 15 EU % % % EU EC EC %

111 2004 *74 85% *75 *76 *77 APB * Bridge *75 Controlled Foreign Corporation CFC 10% 50% *76 *

112 * *

113 US100 US70 US20 US10 US US70 US20 US10 US10

114

115

116 % 100%

117 *79 3 * % % *79 5,000 1 *

118 * ,107 5,469 4, *

119 *82 JBIC JBIC / 27 *

120 NEXI NEXI BSC BSC

121

122 *83 67 EC *

123 98 10 ECB EU % (1) EU 5 (1) (2) (3) (2) (1) (3) 2 (2) (3) (4) (4) 5 4 EU TOB (1) (5) 3 (2) (3)

124 EU * ESRC *

125

126 Chiang Mai Initiative ASEAN+ ASEAN ASEAN+ BSA Chiang Mai Initiative: CMI BSA ASEAN+ CMI CMI CMI Asian Bond Markets Initiative ASEAN+ Asian Bond Markets Initiative :ABMI 03 8 ASEAN

127 CBO JBIC NEXI ADB IFC 05 5 ASEAN+ ABMI

untitled

untitled 1 2 20 2005.1 2005.11 2007.12 3 2007.6 4 2006 31.2 6 4.2 9.6 2 3 17 1 29 EU 2 3 1 37 http://www.meti.go.jp/statistics/ tyo/kaigaizi/result/ 2 2004 1 85 15 35 5.25 2008 7 1 Wall Street Journal 2000 3680

More information

-March Internal Revenue Service IRS Controlled Foreign Corporation, CFC Foreign Sales Corporation, FSC Interest Charge-Domestic International Sales Co

-March Internal Revenue Service IRS Controlled Foreign Corporation, CFC Foreign Sales Corporation, FSC Interest Charge-Domestic International Sales Co US CFC CFC CFC U.S. Department of Commerce, Bureau of Economic Analysis,, WTO -March Internal Revenue Service IRS Controlled Foreign Corporation, CFC Foreign Sales Corporation, FSC Interest Charge-Domestic

More information

21世紀中国のシナリオ.PDF

21世紀中国のシナリオ.PDF 18 10% 2 1980 70 80% 15% ( 3-1-1 ) 86 (NIEs ASEAN ) 11 15 ( 3-1-2 ) 1 80 85 83 NIEs ASEAN 4 ( ) 86 90 NIIEs 7 16 ASEAN 4 6 68 ( 3-1-2 3-1-3 ) NIEs ASEAN 85 307 90 792 NIEs ASEAN 256 513 ( 3-1-4 ) 90 ASEAN

More information

アジア通貨危機

アジア通貨危機 1997 21 21 2 IMF IMF 1 1970 3 21 1997 5 4 1994 2 1999 3 ASEAN 1 14 4 1 570 5 1 6 4 PHP 1998 26-30 5 1999 17-28 6 2 2 98 7 24 7 8 80 90 90 7 1999 9-16 8 3 . 9 90 (10) 9 (10) 2 4 90 95 95 97 1 ASEAN 3. 11

More information

CFC BEPS CFC BEPS

CFC BEPS CFC BEPS 26 27 KPMG 1... 2 1... 2 2... 3 2... 5 1... 5 1 CFC... 5 2... 11 3 BEPS... 25 2... 28 1 CFC... 28 2... 31 3 BEPS... 36 1 1 1 1 1 53 OECD BEPS 2 1 2 2 1. 2. 3. (a) (b) F (c) (a) (b) (c) BEPS 4. KPMG KPMG

More information

仏大 社会学部論集48号(P)/1.張

仏大 社会学部論集48号(P)/1.張 48 2009 3 2 1970 1992 2.1 1993 1.8 1954 1970 1950 1967 2.1 2002 0.77 1980 1990 1 1949 1 48 2009 3 557 581 15 13 960 1279 1644 1911 16 14 1 1912 1949 18 16 15 1929 1931 12,456 14 5.4 15 19 66.8 2 1950 20

More information

ntv AR05 new/J

ntv AR05 new/J Financial Section 24 25 34 34 34 36 37 38 39 43 44 56 23 1999 2000 2001 2002 2003 2004 328,013 352,409 358,682 336,299 328,374 357,614 203,862 207,743 218,888 215,180 217,844 245,109 54,350 67,302 63,573

More information

14 ) 2 ( ) 1 3 2

14 ) 2 ( ) 1 3 2 2000 3 pp1 45 1 ( ) National Interest National 19 14 ( ) ( ) 20 14 ) 2 ( ) 1 3 2 ) (NGO ) ( ) 4 ( ) 3 4 < > ( ) ) ) ) ( ) ) 5 ( ) ) ( ) 5 20 6 ) ) ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ) ( ) 1970 ( ) 1990 10 (

More information

Association of South East Asian Nations: ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN

Association of South East Asian Nations: ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN Association of South East Asian Nations: ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN Free Trade Agreement: FTA FTA ASEAN ASEAN ASEAN ASEAN The European Union: EU

More information

海外におけるEC推進状況調査報告書2003

海外におけるEC推進状況調査報告書2003 ............................................................................................................ .................................................................................... 16 14 12

More information

CSR

CSR CSR (CSR) 15 Corporate Social Responsibility CSR CSR CSR 1 CSR CSR CSR 2 CSR CSR CSR CSR 1 CSR51 7, 2004.6, p.2. CSRNo.192, 2004.6, p.1. 1 CSR 3 4 triple bottom line 1997 5 CSR CSR CSR CSR 6 CSRCSR 7 1999

More information

第4章 東アジア地域における我が国の企業展開と政府開発援助

第4章 東アジア地域における我が国の企業展開と政府開発援助 2003 2 11 2 3 2 2 1 1 WTO 55 1012 British Petroleum 56 WTO WTO WTO WTO 2 57 WTO Permanent Establishment PE ODA GDP 4,000 40 100 100 40 58 7 50 59 CAD 5,000 60 R&D RD R&D 61 2 2 900 450 ILSA 62 ODA BHN

More information

headquarter Gertner et al. winner-picking Wal-Mart s

headquarter Gertner et al. winner-picking Wal-Mart s CJEB The financial strategies of Japanese multinational enterprises and internal capital market, Columbia Business School, CJEB, Working Paper No., April,. headquarter Gertner et al. winner-picking Wal-Mart

More information

調査レポート

調査レポート 1 27 6.3% FDI FDI 4 2.2 FDI 15% 1% 5% % -5% -1% -15% JBIC) 23 1 4 2.2 BRICs 2 1% 5% % -5% -1% -15% GDP 3 2 23 3 3% 28% 26% 24% 22% 2% 18% 16% IMF, International Financial Statistics 21 26 28 56 8/9 6 5

More information

日立 統合報告書 2017 (2017年3月期)

日立 統合報告書 2017 (2017年3月期) MANAGEMENT & 2017 6 01 1972 Bharat Forge Limited 1983 1994 1997 2016 02 1991 Alcan Inc. 1996 1998 2002 CEO 2007 Anglo American plc. CEO 2013 4 2013 03 2002 2010 2013 2014 2015 2017 04 1993 Emerson Electric

More information

1 村上 二戻り/村上

1 村上 二戻り/村上 EU beggar-my-neighbour-policy GDP GATT IMF IBRD GATT GATT WTO GATT-WTO EEC EEC EEC EEC GDP beneficiary ASEAN WTO GATT-WTO WTO WTO NGO IMF IMF IMF IBRD EU WTO WTO EU EU EU EU EU EU WTO GATT-WTO EEC ECSC

More information

伝統的な経済学では、「消費は重要ではあるが、気にしなくてもよい」と考えられてきた

伝統的な経済学では、「消費は重要ではあるが、気にしなくてもよい」と考えられてきた 2005 1 2004 SARS 2003 IMF 2004 5.0 2004 4.1 0.9 30 2005 2004 2005 2005 2005 2004 2005 IMF 2005 4.3 2004 IMF 2004 2003 3.0 4.3 2003 2 2003 2004 IT 2005 IMF 2005 2004 3.5 IT 1995 10 2.8% 10 2 1 IT IT 2004

More information

Tran Thi Van Anh

Tran Thi Van Anh Title Kobe University Repository : Kernel アジア債券市場整備の取り組みと債券市場の現状について (To Which Stage Has Asian Bond Market Achieved?) Author(s) 三重野, 文晴 / 清水, 聡 / [ トラン, ティンバンアン ] Citation 国民経済雑誌,204(6):25-43 Issue date

More information

橡20内藤仁美.PDF

橡20内藤仁美.PDF 1 1 2 2 1 2 3 1 2 1997 7 1 30 1 1 2 3 3 3 1 2 365 2003 2 IMF 3 4 1 1 2 2 1 1 1997 7 2 15 97 98 5 30 3 2 1 1 5 1 97 7 10 1 97 7 10 ASEAN4 7 10 366 4 25 35 2.8 2.7 6.8 2 97 10 11 2 10 11 10 7 1983 10 23

More information

2016 2/23 No MOC MOC 60 MOC B.E (1) (2) (3) (4) FTA

2016 2/23 No MOC MOC 60 MOC B.E (1) (2) (3) (4) FTA 2016 1/23 No 50 1 (1) (Foreign () Business Act) 8 JEITA 50 50 50 ( ) 2006 5 4049 8 15 concession license 2007 1 9 2007 4 10 MOC The Foreign Business Act B.E. 2542 " foreign entity " 51 " """ 3 Telecom

More information

商学 65‐5☆/10.上田

商学 65‐5☆/10.上田 635 4 NEM 1990 M&A 1 2 M& A 2013 2014 1 6500 10 3 M&A UFJ Tax Haven 55 ICT FDI 636 UNCTADWorld Investment Report 2011 Non-Equity Modes of International Production and Development Foreign Direct Investment

More information

濱田弘潤 : 多角化企業の利潤分析 77 多角化企業の利潤分析 多角化ディスカウントの寡占理論による説明 * 濱田弘潤 (diversification discount) Keywords: JEL classifications: D43, L13, L22, G

濱田弘潤 : 多角化企業の利潤分析 77 多角化企業の利潤分析 多角化ディスカウントの寡占理論による説明 * 濱田弘潤 (diversification discount) Keywords: JEL classifications: D43, L13, L22, G 濱田弘潤 : 多角化企業の利潤分析 77 多角化企業の利潤分析 多角化ディスカウントの寡占理論による説明 * 濱田弘潤 (diversification discount) Keywords: JEL classifications: D43, L13, L22, G34 950-2181 2 8050 Tel. and fax: 025-262-6538 E-mail: khamada@econ.niigata-u.ac.jp

More information

『政経かながわ』視点論点

『政経かながわ』視点論点 1990 7 1990 8 1990 9 1990 10 1990 11 1990 12 1991 1 1991 2 1991 3 1991 4 1991 5 1991 6 1991 7 1991 8 1991 9 1991 10 1991 11 1991 12 1992 1 1992 2 1992 3 1992 4 1992 5 1992 6 1992 7 1992 8 1992 9 1992 10

More information

03“‚“ÛŁ¶›»-™ƒ‚º

03“‚“ÛŁ¶›»-™ƒ‚º 2002 11 16 16 3 1 1 2 2 85 17 3 2002 11 1 3 1 2 1 1996 2 1990 3 1990 1992 2 1989 1972 86 ODA 1992 20 4 1993 10 5 1998 6 2 6 2 87 17 7 1998 11 1 2 2 1972 1995 8 15 3 1 1 8 2002 11 16 88 2 1 8 1990 3 1992

More information

A5 PDF.pwd

A5 PDF.pwd Global Reporting Initiative GRI 2013 International Integrated Reporting Council: IIRC IIRC 2013 European Union: EU European Parliament and the Council of the European Union 2014 Public Interest EntitiesPIE

More information

P.7 56

P.7 56 Financial Section http://www.santen.co.jp/ja/ir/document/securities.jsp 55 P.7 56 57 57 58 59 60 60 61 2006 2007 2008 2009 98,398 100,486 103,394 101,619 34,535 35,484 36,513 35,947 28,897 30,926 33,569

More information

Journal of Economic Behavior & Organization Quarterly Journal of Economics Review of Economics and Statistics Internal Labor Markets and Manpower Analysis Economics of Education Review Journal of Political

More information

untitled

untitled NGO 2007 11 26 (JACSES) NGO FoE Japan (JACSES) 102-0072 2-3-2 401 TEL: 03-3556-7325 FAX: 03-3556-7328 162-0065 8-5 2 TEL03-3357-3800 FAX03-3357-3801 NGO FoE Japan 171-0014 3-30-8 1F TEL: 03-6907-7217 FAX:

More information

12056286_03.indd

12056286_03.indd : 82 1 2013 7 2010 2011 1 30 2010 30 2011 30 2010 9 10 11 2011 1 2 1 2010 9 UK UK UK UK UK p. 843 45 82 1 1 UK 9 9 2007-08 UK 30% 30 20%30 150 30 32.5% 2030% p. 843 3 2004-05 5% 5% 75% p. 843 2010 11 1963

More information

アニュアルレポート 2017

アニュアルレポート 2017 2017 Financial Section 16 5 17 20 22 22 23 24 25 36 16 ISUZU MOTORS LIMITED 5 2017 2016 2015 2014 2013 2017 : 1,953,186 1,623,948 329,238 182,793 146,444 152,022 148,921 93,858 1,926,967 1,574,885 352,081

More information

Section 1 Section 2 Section 3 Section 4 Section 1 Section 3 Section 2 4 5 Section 1 6 7 Section 1 8 9 10 Section 1 11 12 Section 2 13 Section 2 14 Section 2 15 Section 2 16 Section 2 Section 2 17 18 Section

More information

1 48

1 48 Section 2 1 48 Section 2 49 50 1 51 Section 2 1 52 Section 2 1 53 1 2 54 Section 2 3 55 1 4 56 Section 2 5 57 58 2 59 Section 2 60 2 61 Section 2 62 2 63 Section 2 3 64 Section 2 6.72 9.01 5.14 7.41 5.93

More information

;; ; ;; ;;; ; ;; ;; ;; ; ;; ; ;; ; ;;;; ;; ;;;;;;; ;;;;;;;; ;;;;;;;;; ;;;;;;; ;;;;;;; ;;;;;;; ;;;;;;;; Harvard

More information

18 18 19 3 1 1 1 7 1. 7 (1) 7 (2) 7 (3) 8 2. 8 3 9 (1)WTO 9 (2) 10 (3) 10 (4AFTA 13 4. 14 (1) 14 (2) 14 (3)IT 14 2005 2005 18 2 25 1. 25 (1) 25 25 26 26 (2) 28 (3) 28 2. 30 (1) 30 Amata 32 My Phuoc 34

More information

Value Added Tax VAT Mirrlees, J. VAT The Mirrlees Review The Structure and Reform of Direct Taxation Report of a Committee chaired by Professor J. E. Meade Dimensions of Tax Design Mirrlees 2010 Tax by

More information

国際流動性に関する財政的側面について

国際流動性に関する財政的側面について IMF SDR IMF 2011 6 1 2 2011 E-mail: obstfeld@econ.berkeley.edu / /2011.10 35 1. 2007 2009 2 Goodhart [1999] 2010 11 2. 4 1970 IMF 1960 36 /2011.10 international reserve 1 D 35 1 D 35 1960 Eichengreen [2011]

More information

cover.ai

cover.ai Contents 2 3 4 5 6 To Our Shareholders Review Our Value & Core Competency Strategy What s Next To Our Shareholders 9 10 Business Frontier Data Section 12 14 15 16 17 17 Contents amanaamanagroup Our value

More information

アジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて

アジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて * ** 199 1 1996-97 relation * ** Seoul conference China and Emerging Asia: Reorganizing the Global Economy? held by KIEP and Seoul National University 26 5 11-12 Hugh Patrick Yung-Chul Park 26 9 9-1 East

More information

リンクス40号.PDF

リンクス40号.PDF 1 Links FTA FTA FTA FTA WTO KoPA 2 ATTAC JapanWTO OECD OECD AP NHK 3 NGO FTA FTA ( ) WTO ( ) FTA FTA 4 5 WTO ASEAN APEC WTO 6 7 8 9 10 11 18 7 12 200 10 11 1 10 11 11 8 1000 11 7 12 600 16 13 16 88 87

More information

28_04_斎藤正章.indd

28_04_斎藤正章.indd 37 2820103743,. 282010.3743 純 粋 持 株 会 社 における 経 営 管 理 上 の 課 題 1 2 ABSTR ACT...... 1 2 1 38 2 1 1 3 2 1 1 4 5 6 7 8 1 2 1 1992.269 39 1 1 1 2 9 1 2 3 123 13 2 1995.268 40,.1995 3 10, et al.1995 2 1950 2

More information

P.3 P.4 P.5 P.8 P.9 P.12 P.13 P.14 P P P.17 12P.20 -P.39 -P.41 - P.43 -P.44 -P.46 -P.48 -P.49 - P.51 - P.52 -P.22 -P.25 -P.29 -P.33 - P.35

P.3 P.4 P.5 P.8 P.9 P.12 P.13 P.14 P P P.17 12P.20 -P.39 -P.41 - P.43 -P.44 -P.46 -P.48 -P.49 - P.51 - P.52 -P.22 -P.25 -P.29 -P.33 - P.35 P.3 P.4 P.5 P.8 P.9 P.12 P.13 P.14 P.15 10 P.16 11 P.17 12P.20 -P.39 -P.41 - P.43 -P.44 -P.46 -P.48 -P.49 - P.51 - P.52 -P.22 -P.25 -P.29 -P.33 - P.35 -P.36 -P.37 1 ..... 2 1. 2017 2018 GDP IMF 2. S&P

More information

和RIM28_向山氏.indd

和RIM28_向山氏.indd 9ASEAN 23 2615.314.7EU 12.3 27.1 223 2638.1 M&A45.3 2.6 CIS97.5 2 ASEAN 26 RIM 28 Vol.8 No.28 13 1 2 1 2 1 2 1 2 8 9 14 RIM 28 Vol.8 No.28 ASEAN 2 28 GDP 15 2 199798 5 5 15 1997 98 99 2 1 2 3 4 5 6 World

More information

repocost.PDF

repocost.PDF 178 2 10 8 39-52 (tax planning) [Scholes and Wolfson,1992] (tax cost saving hypothesis) (accounting choice) (economic consequences) (financial reporting costs) (1) (financial reporting cost hypothesis)

More information

2 271222 IMF201510 3 4 ECB2015123 FOMC20151216 0.250.50 5 2007 Bloomberg 6 / 7 102012.12- : 8 0.548 3.028 2013.12.31 2.045 2013.9.11 2.631 2013.9.10 FRB 2013.5.22 2013.4.4 ECB 0.5 0.25 2013.11.7 2013.3.20

More information

これからの会計監査

これからの会計監査 18 18 SOX 2002 PCAOB 8 Sarbanes-Oxley Act Of 2002 18 10 1 2 26 16 10 3 18 123 4 23 1890 5 6 23 1948 1927 23 25,000 113 7, 2004., 2006. 14 1881 124 22 1947 23 1948 8 193 9 23 1948 10 11 1960 12 13 41 1966

More information

18 (1) US (2) US US US 90 (3) 2 8 1 18 108 2 2,000 3 6,000 4 33 2 17 5 2 3 1 2 8 6 7 7 2 2,000 8 1 8 19 9 10 2 2 7 11 2 12 28 1 2 11 7 1 1 1 1 1 1 3 2 3 33 2 1 3 2 3 2 16 2 8 3 28 8 3 5 13 1 14 15 1 2

More information

untitled

untitled IEEJ 1 IEEJ CO / 2 / CO / 3 4 2004 A B C D E F G 1 1 1 3 28 61 0 93 2 120 274 76 0 0 0 469 3 121 275 78 28 61 0 563 4-3 -18-0 0 0 0-21 5 118 256 78 28 61 0 542 6-54 -16-50 -21-61 80-121 7-19 -17 0-7 0

More information

査読研究ノート グローバル エコノミーの一重要側面 タックス ヘイヴンと国際取引 中村 雅秀 要旨 IT TH Google TH. TH キーワード IT /

査読研究ノート グローバル エコノミーの一重要側面 タックス ヘイヴンと国際取引 中村 雅秀 要旨 IT TH Google TH. TH キーワード IT / 査読研究ノート グローバル エコノミーの一重要側面 タックス ヘイヴンと国際取引 中村 雅秀 要旨 IT TH Google TH. TH キーワード IT / E-mail higemasa-n@emobile.ne.jp TH OECD TH TH 1. グーグル ケース - US Google GIH GBI GIL Google GIL GIL GNH GIH GIH. % %. %, %

More information

野村資本市場研究所|ASEAN投資信託市場の現状と課題(PDF)

野村資本市場研究所|ASEAN投資信託市場の現状と課題(PDF) 213 Spring ASEAN 1. 2. 5.7 ASEAN 3. 3.3 4. 2.4 5. ASEAN 76 1 ASEAN 213 ASEAN 4 ASEAN ASEAN 2 1 1 1 1 1 OECD The Emerging Middle Class in Developing Countries January 21 2 Cerulli Associates Asset Management

More information

1

1 2876 1 25.8 13.7 24.4 51.9 50 40 30 45.4 35.7 4.0 3.0 3.11 2.83 31.4 29.0 58.8 11.6 29.3 14.9 2015 20 10 0 18.8 2015 2.0 1.0 0.0 95 97 99 01 03 05 07 09 11 13 15 1.47 そ の 2 1,100 7 988 1,000 958 879 921

More information

p. 137 p. 136 PIIGS STUPID EC PIIGS EC

p. 137 p. 136 PIIGS STUPID EC PIIGS EC p. 137 p. 136 PIIGS STUPID EC PIIGS EC GDP.. EU GDP European Monetary Union since 1848 E U EU EU GDP pp. 63 64 EU Newsweek EU BNP ECB CDS CDS CDS CDS Newsweek CDS ISDA CDS CDS p. 68 p. 107 pp. 107 108

More information

-October TPP ASEAN RCEP TPP MV Islamic State, IS EU EU EU EU EU

-October TPP ASEAN RCEP TPP MV Islamic State, IS EU EU EU EU EU AIIB BRICS TPP ASEAN ARF -October TPP ASEAN RCEP TPP MV Islamic State, IS EU EU EU EU EU EU EU UK MDGs AIIB BRICS ADB IT -October IoT Internet of Things Wearable AI IoT. GE IIC Finance+Technolpgy STEM

More information

untitled

untitled 1 JICA 2004 2006 2006 157,516 2004 JICA 2005 2010 2005 46 5 2 WTO JETRO 2002 2002 4.6 WTO 14 2 JETRO 2005 2006 2005 JETRO 273 JETRO JETRO 2004 2004 JETRO 180 JETRO 2004 2004 JETRO 180 JETRO JETRO 2003

More information

橡ファミリー企業の分析020806

橡ファミリー企業の分析020806 2002 8 6 1 700 OB 2000 700 ( 40 ) 82 5 613 2 700 5,000 2 1,000 700 3 87 4,542 2,533 (82 5 ) 700 OB 405 ( ) 2,500 ( ) (660 40 ) 4 82 5 700 82 5 613 5 30 30 30 30 6 (2001 ) ( ) 1,174 1,023 113 1,136 100

More information

4 5 Y40 706050 70 14 29 C 8 A 2 M 5 E 11 W D 2 60 24 40 C 8 A 3 M 14 E 7 W 3 D 4 Y 50 34 99 C 16 A 15 M 17 E 17 W 12 D 12 Y 6 K 4 11 3 14 21 3 23 22 20 12 17 10 5 15 5 21 3 42 11 8 OB 62 42 104 261

More information

Annual 2002 Report Financial Highlights 2002 2001 2000 2002 2,581,399 2,750,418 2,680,611 19,372 28,402 26,494 11,173 213 4.17 3.89 1.64 $ 0.031 907,150 979,695 889,220 6,807 4,030,596 4,232,011 4,172,459

More information

OSIPP40_p1_2.eps

OSIPP40_p1_2.eps 2006 年 秋号 No.40 1 2 Asia-Pacific Financial Markets Review of Pacific Basin Financial Markets and Policies Studies on a Second Generation of Disequilibrium Economics International Economic Integration and

More information

マレーシアの債券市場と拡大するイスラム債発行 2001 Capital Market Masterplan 2002 図表 3 マレーシア企業の資金調達方法 金融機関融資 19, , , ,790 10,011

マレーシアの債券市場と拡大するイスラム債発行 2001 Capital Market Masterplan 2002 図表 3 マレーシア企業の資金調達方法 金融機関融資 19, , , ,790 10,011 アジアの視点 マレーシアの債券市場と拡大するイスラム債発行 調査部環太平洋戦略研究センター 主任研究員 清水聡 1. はじめに : マレーシアの債券市場と資金調達の概要 10 97 5,706 2007 3.6 2.2 6.8 2003 ABMI Asian Bond Markets Initiative 図表 1 10 1,600 1,400 1,200 1,000 800 600 400 200

More information

NRI未来年表

NRI未来年表 201920 政治 社会 経済 産業 国際 NRI 予測 2019 2020 1 7 11,000 4 1 4 19 4 30 5 1 6 2829 G20 7 8 28 TICAD 9 20 2019 1 G-SIBs 1 600 1 22 15 11 JRJR JR 1 15 4 4 19 78 79 3216 7 JRJR 2Ryugu JAXA NEXCO H3JAXA IC 53 3 31

More information

.T.C.Y._.E..

.T.C.Y._.E.. 25 No.33 C O N T E N T S REVIEW 1 2 5 4 3 6 7 8 9 1 11 1, 1, 7,5 75 916,95 (121) 756,67 (15) 718,89 (13) 91,496 (169) 54,2 (179) 3,243 (75) 727,333 (129) 564,47 (112) 55,458 (11) 6,68,953 (18) 5,624,957

More information

中国の憲法改正

中国の憲法改正 2004 10 13 11 13 14 33 67 80 89 16 10 59 81 98 136 1982 12 1988 1993 1999 20 04 2004 1987 13 1988 1992 14 1993 1997 15 1999 2002 16 2004 60 2002 11 12 20 2003 10 28 2003 6 2003.10.28, 2003, p.16 2002 2002,

More information

M-fi„…A’튪−T−Ï04_111-140_5‘Í

M-fi„…A’튪−T−Ï04_111-140_5‘Í 2001 11 2003 J.W. JI MILF NLD GAM ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN ASEAN 112 2002 10 202 ASEAN JI 2003 33 2003 113 JI 2003 10 29 16 JI 2000 2002 10 15 15 JI 2002 JI 2003 12 2002 5,500

More information

4% P % 11.1%1, % %1, %1, % 3.5%1, % %1, % Santen Ph

4% P % 11.1%1, % %1, %1, % 3.5%1, % %1, % Santen Ph Financial Section 11 5 54 56 58 59 6 63 http://www.santen.co.jp/ja/ir/document/securities.jsp Santen Pharmaceutical Co., Ltd. Annual Report 215 49 4% 215 3 214 3 P.8 2 98.4% 11.1%1,592 62 12.6% 25 69 1.6%1,618

More information

橡12年度日中懇談会報告書(表紙・目次).PDF

橡12年度日中懇談会報告書(表紙・目次).PDF http://www.env.go.jp/earth/coop/ - 1 - 12 6 21 18002030 4 2 5 11 13 NGO3 38 18001805 18051845 18451930 19301945 19452030 2030 1992 1999 7-3 - 4 20 4 1985 1988 2000 3 1 9 5 34 6323 4 3 23 1992 14-4

More information

研究レポート表紙.PDF

研究レポート表紙.PDF No.118 November 2001 ISO ISO takeishi@fri.fujitsu.co.jp ISO14001 CEAR A4823 1. ISO14000 ISO14000 ISO14001 2. ISO ISO. ISO14001 ISO9000 OHSAS18001 18002 ISO14001 ISO IEC13335 ISO10006. ISO ISO14001 ISO9000

More information

FACTA Vorstand 341

FACTA Vorstand 341 5 1990 Explain 1990 1998 2005 1 20 1 1990 340 2 1990 20 3 2 1 4 2 2 1 1 2 FACTA 2014 1 3 4 Vorstand 341 1 1976 2 20 10 8 2 3 2 Supervisory Board Executive Board 202 342 2 1996 26% 10 1998 21989 / 100 90

More information

........,.,.,..,.,.,.,.,.,.,.,., International Capital Market Litan et al a b c d M&A a a b E- e- Litan et al. : Table Levine World Bank Levine Greenwald et al. B R F R r R R r B R r B R r B R R Stiglitz

More information

122011pp.139174 18501933

122011pp.139174 18501933 122011pp.139174 18501933 122011 1850 3 187912 3 1850 8 1933 84 4 1871 12 1879 5 2 1 9 15 1 1 5 3 3 3 6 19 9 9 6 28 7 7 4 1140 9 4 3 5750 58 4 3 1 57 2 122011 3 4 134,500,000 4,020,000 11,600,000 5 2 678.00m

More information

Microsoft Word - 映画『東京裁判』を観て.doc

Microsoft Word - 映画『東京裁判』を観て.doc 1 2 3 4 5 6 7 1 2008. 2 2010, 3 2010. p.1 4 2008 p.202 5 2008. p.228 6 2011. 7 / 2008. pp.3-4 1 8 1 9 10 11 8 2008, p.7 9 2011. p.41 10.51 11 2009. p. 2 12 13 14 12 2008. p.4 13 2008, p.7-8 14 2008. p.126

More information

日経テレコン料金表(2016年4月)

日経テレコン料金表(2016年4月) 1 2 3 4 8,000 15,000 22,000 29,000 5 6 7 8 36,000 42,000 48,000 54,000 9 10 20 30 60,000 66,000 126,000 166,000 50 100 246,000 396,000 1 25 8,000 7,000 620 2150 6,000 4,000 51100 101200 3,000 1,000 201

More information

73 p.1 22 16 2004p.152

73 p.1 22 16 2004p.152 1987 p.80 72 73 p.1 22 16 2004p.152 281895 1930 1931 12 28 1930 10 27 12 134 74 75 10 27 47.6 1910 1925 10 10 76 10 11 12 139 p.287 p.10 11 pp.3-4 1917 p.284 77 78 10 13 10 p.6 1936 79 15 15 30 80 pp.499-501

More information

2 2 3 4 5 5 2 7 3 4 6 1 3 4 7 4 2 2 2 4 2 3 3 4 5 1932 A p. 40. 1893 A p. 224, p. 226. 1893 B pp. 1 2. p. 3.

2 2 3 4 5 5 2 7 3 4 6 1 3 4 7 4 2 2 2 4 2 3 3 4 5 1932 A p. 40. 1893 A p. 224, p. 226. 1893 B pp. 1 2. p. 3. 1 73 72 1 1844 11 9 1844 12 18 5 1916 1 11 72 1 73 2 1862 3 1870 2 1862 6 1873 1 3 4 3 4 7 2 3 4 5 3 5 4 2007 p. 117. 2 2 3 4 5 5 2 7 3 4 6 1 3 4 7 4 2 2 2 4 2 3 3 4 5 1932 A p. 40. 1893 A p. 224, p. 226.

More information

29 2011 3 4 1 19 5 2 21 6 21 2 21 7 2 23 21 8 21 1 20 21 1 22 20 p.61 21 1 21 21 1 23

29 2011 3 4 1 19 5 2 21 6 21 2 21 7 2 23 21 8 21 1 20 21 1 22 20 p.61 21 1 21 21 1 23 29 2011 3 pp.55 86 19 1886 2 13 1 1 21 1888 1 13 2 3,500 3 5 5 50 4 1959 6 p.241 21 1 13 2 p.14 1988 p.2 21 1 15 29 2011 3 4 1 19 5 2 21 6 21 2 21 7 2 23 21 8 21 1 20 21 1 22 20 p.61 21 1 21 21 1 23 1

More information

() L () 20 1

() L () 20 1 () 25 1 10 1 0 0 0 1 2 3 4 5 6 2 3 4 9308510 4432193 L () 20 1 PP 200,000 P13P14 3 0123456 12345 1234561 2 4 5 6 25 1 10 7 1 8 10 / L 10 9 10 11 () ( ) TEL 23 12 7 38 13 14 15 16 17 18 L 19 20 1000123456

More information

308 ( ) p.121

308 ( ) p.121 307 1944 1 1920 1995 2 3 4 5 308 ( ) p.121 309 10 12 310 6 7 ( ) ( ) ( ) 50 311 p.120 p.142 ( ) ( ) p.117 p.124 p.118 312 8 p.125 313 p.121 p.122 p.126 p.128 p.156 p.119 p.122 314 p.153 9 315 p.142 p.153

More information

戦後の補欠選挙

戦後の補欠選挙 1 2 11 3 4, 1968, p.429., pp.140-141. 76 2005.12 20 14 5 2110 25 6 22 7 25 8 4919 9 22 10 11 12 13 58154 14 15 1447 79 2042 21 79 2243 25100 113 2211 71 113 113 29 p.85 2005.12 77 16 29 12 10 10 17 18

More information

橡原稿(AFTA).PDF

橡原稿(AFTA).PDF 2001 5 1. 1997 ASEAN ASEAN ASEAN 2. AFTA AFTA AFTA 3. 93 ASEAN ASEAN 2002 4. ASEAN ASEAN 6 2002 5. 6. 70 ASEAN ASEAN ASEAN ASEAN ASEAN 7. TEL03-5281-7607 FAX03-5281-7561 E-mail shunji_karikomi@fujiric.co.jp

More information

HLDGS.

HLDGS. C orporate O utline 26 HLDGS. HLDGS. 2 3 HLDGS. 4 HLDGS. 6 8 1 12 14 16 18 2 21 23 24 28 3 31 32 33 34 35 36 37 38 39 HLDGS. 4 41 42 43 2 3 H L D G S. H L D G S. 4 5, 4, 3, 2, 2,119 2,449 +4 +3 + 3,8 3,1

More information