1 (regression analysis) GDP 7.5 7.5 1970 1 2002 9 225 1971 1 225 1970 1 2002 9 381 12 X 31 9 7.5 1980 10 225 18.5 1990 10 6.9 TOPIX 225 MSCI FT MSCIFT 19962001 225 4.4 0.2 TOPIX 1.2
2 1999 3 A 36.8 99 12 98 12 (B) 10.9 98 99 C 12.2 99 12.8 36.8 225 16,628.47 14,499.25-12.8 16,831.67 14,367.54-14.6 16,527.17 15,836.59-4.2 15,641.26 16,701.53 6.8 15,670.78 16,111.65 2.8 15,830.27 17,529.74 10.7 16,378.97 17,861.86 9.1 14,107.89 17,436.56 23.6 13,406.39 17,605.46 31.3 13,564.51 17,942.08 32.3 11 14,883.70 18,558.23 24.7 13,842.17 18,934.34 36.8 (A) 15,276.10 16,948.74 10.9 (B) 12.2 (C) 95
3 12.9 16.4 12.9 16.4 12.9
4 12.9 95 82.1 9512.9 107.99512.9 24 24 24 / 16 24 16 82.1107.9 78.6111.4 70 80 24 100 1000 1970 1 225 1 1971 1 71 2 72 2 2002 9 381 10 7.5 22.8 40 20 44 11.5
5-7.8 7.5 22.8 0.67-15.3 7.5 30.3-38.1 7.5 53.1 / 3 0.5 7.5 /22.8 7.5 / 22.8 381 3-15.3 30.3 50 22.8 0.67 15.3-7.87.515.3 22.87.515.3 95 22.845.6 38.1 53.1 50 7.5 25 4 4
6 tools tools A B C D A B A C B D
7 6 6 2 36 2.4 4.3 9.4 3 2 36 1,666 3 36 1,750 1 3
8
9 2 3 5 10 99.4 61.9 35.8 30.4 26.4 19.5 7.5 6.8 6.4 6.0 6.3 6.6-41.1-29.3-24.2-14.6-9.6-8.6 22.8 17.2 13.7 11.2 9.5 8.1
10 1970 1 333 10 273 3
11 1 2 1 5 1
12 5
13 TOPIX CD3 3 6 9 12 4
14 2 TOPIX TOPIX TOPIX 2
15 2
16 QUICK QUICK Survey System QSS QSS BP Growth Value PER PBR PBR PER PBR PER PER PER, PBR,
17 QUICK 1970 1970 2001 2002 9 10 1970 1980 1990 3 "Time value of money"
18 5.2 7.7 6.5 2.8 5.7 7.6 6.7 4.0 3.8 9.1 2.0 0.8 1.4-1.6 3.9 1.6 1.9-1.6 4.2 2.8 0.6-0.0 0.3 1.2 7.5 12.8 19.2-5.0 6.8 13.9 18.3-5.7 6.4 11.5 17.7-4.6 6.0 9.2 15.6-1.6 3.8 3.7 17.2-5.8 3.1 4.8 16.3-6.5 2.7 2.4 15.7-5.4 2.3 0.1 13.6-2.4 1.5 3.0 3.0 1.5 6.03.0 1.0 4.0 6.0 10.0 2.0 9.0 15.0 16.0 4.5 1.5 3 CD 1.4 1990 1.6 1970 1980 3.0 1.0 6.0 4.0 10 1.5 2 3.5 12