﻿{"id":330397,"date":"2022-08-04T10:01:21","date_gmt":"2022-08-04T02:01:21","guid":{"rendered":"https:\/\/beta2.law.asia\/?p=330397"},"modified":"2023-05-09T11:55:11","modified_gmt":"2023-05-09T03:55:11","slug":"forex-inflows-need-open-doors","status":"publish","type":"post","link":"https:\/\/beta2.law.asia\/jp\/forex-inflows-need-open-doors\/","title":{"rendered":"\u9650\u5b9a\u7684\u3067\u306f\u306a\u304f\u9577\u671f\u7684\u306a\u5916\u8ca8\u6d41\u5165\u63aa\u7f6e\u306e\u5fc5\u8981\u6027"},"content":{"rendered":"<p style=\"text-align: justify;\">2022\u5e747\u67086\u65e5\u3001\u30a4\u30f3\u30c9\u6e96\u5099\u9280\u884c\uff08RBI\uff09\u306f\u3001\u300c\u666f\u6c17\u5f8c\u9000\u30ea\u30b9\u30af\u300d\u304c\u610f\u8b58\u3055\u308c\u308b\u4e2d\u3001\u91d1\u878d\u5e02\u5834\u306b\u6d78\u900f\u3057\u3066\u3044\u305f\u300c\u30cf\u30a4\u30ea\u30b9\u30af\u56de\u907f\u300d\u306b\u8d77\u56e0\u3059\u308b\u300c\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u7de9\u548c\u3057\u3001\u4e16\u754c\u7684\u306a\u6ce2\u53ca\u52b9\u679c\u3092\u6291\u5236\u3059\u308b\u300d\u305f\u3081\u306b\u3001RBI\u304c\u5c0e\u5165\u3092\u63d0\u6848\u3059\u308b\u63aa\u7f6e\u3092\u793a\u3059\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u306f\u3001\u91d1\u878d\u653f\u7b56\u91d1\u5229\u306e\u5f15\u304d\u7de0\u3081\u304c\u5b9f\u65bd\u3055\u308c\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u9032\u884c\u3059\u308b\u4e2d\u3001\u901a\u8ca8\u3092\u9632\u885b\u3059\u308b\u305f\u3081\u306b\u3001\u4f55\u30ab\u6708\u306b\u3082\u308f\u305f\u3063\u3066RBI\u304c\u7d42\u308f\u308a\u306a\u304d\u52aa\u529b\u3092\u91cd\u306d\u305f\u672b\u306b\u767a\u8868\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n<p style=\"text-align: justify;\">\u4eca\u56de\u63d0\u6848\u3055\u308c\u305f\u63aa\u7f6e\u306e\u76ee\u7684\u306f\u3001\u5916\u8ca8\u8cc7\u91d1\u8abf\u9054\u6e90\u306e\u3055\u3089\u306a\u308b\u591a\u69d8\u5316\u3068\u62e1\u5145\u3067\u3059\u3002\u7279\u306b\u3001\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u3001\u5bfe\u5916\u5546\u696d\u501f\u5165\uff08External Commercial Borrowing\uff1aECB\uff09\u3084\u3001\u5916\u56fd\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u6295\u8cc7\u5bb6\uff08Foreign Portfolio Investor\uff1aFPI\uff09\u3078\u306e\u4f01\u696d\u306e\u50b5\u52d9\u8a3c\u5238\u767a\u884c\u306b\u3088\u308b\u6d77\u5916\u91d1\u878d\u6a5f\u95a2\u304b\u3089\u306e\u501f\u5165\u306b\u5bfe\u3057\u3066\u3001\u4e00\u5b9a\u671f\u9593\u3001\u898f\u5236\u306e\u67a0\u7d44\u307f\u3092\u3055\u307e\u3056\u307e\u306a\u70b9\u3067\u7de9\u548c\u3059\u308b\u3053\u3068\u3092\u63d0\u6848\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<figure id=\"attachment_294208\" aria-describedby=\"caption-attachment-294208\" style=\"width: 200px\" class=\"wp-caption alignright\"><a href=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-294210\" title=\"Sawant Singh, Phoenix Legal, Forex inflows need open doors not small windows\" src=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh-240x300.jpg\" alt=\"Sawant Singh, Phoenix Legal, Forex inflows need open doors not small windows\" width=\"200\" height=\"250\" srcset=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh-240x300.jpg 240w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh-336x420.jpg 336w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh.jpg 400w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/a><figcaption id=\"caption-attachment-294208\" class=\"wp-caption-text\"><strong>Sawant Singh<\/strong> <br \/>\u30d1\u30fc\u30c8\u30ca\u30fc<br \/>Phoenix Legal<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u73fe\u5728\u3001FPI\u306b\u95a2\u3057\u3066\u306f\u3001\u300c\u4e00\u822c\u7684\u306a\u30eb\u30fc\u30c8\u300d\u306e\u4e0b\u3067\u3001\u6b8b\u4f59\u671f\u9593\u304c1\u5e74\u4ee5\u4e0a\u306e\u4f01\u696d\u306e\u50b5\u52d9\u8a3c\u5238\u3078\u306e\u6295\u8cc7\u306e\u307f\u304c\u8a31\u53ef\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u3001FPI\u306e\u6295\u8cc7\u306e\u3046\u3061\u3001\u6b8b\u4f59\u671f\u9593\u304c1\u5e74\u672a\u6e80\u306e\u3082\u306e\u306f30\uff05\u4ee5\u4e0b\u3067\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u30012022\u5e7410\u670831\u65e5\u307e\u3067\u306b\u5b9f\u65bd\u3055\u308c\u305fFPI\u306b\u3088\u308b\u4f01\u696d\u306e\u50b5\u52d9\u8a3c\u5238\u3078\u306e\u6295\u8cc7\u3092\u3001\u3053\u306e\u5236\u9650\u304b\u3089\u9664\u5916\u3059\u308b\u3053\u3068\u3092\u63d0\u6848\u3057\u3066\u3044\u307e\u3059\u3002\u3088\u3063\u3066\u3001\u3053\u3046\u3057\u305f\u6295\u8cc7\u306b\u3064\u3044\u3066\u306f\u3001\u6295\u8cc7\u306e\u511f\u9084\u3001\u3042\u308b\u3044\u306fFPI\u306b\u3088\u308b\u58f2\u5374\u307e\u3067\u300130\uff05\u306e\u5236\u9650\u306e\u7b97\u5b9a\u304b\u3089\u5916\u3055\u308c\u307e\u3059\u3002\u3055\u3089\u306b\u3001\u5f53\u521d\u306e\u6e80\u671f\u671f\u9593\u304c1\u5e74\u4ee5\u4e0b\u306e\u30b3\u30de\u30fc\u30b7\u30e3\u30eb\u30da\u30fc\u30d1\u30fc\u3084\u975e\u8ee2\u63db\u50b5\u5238\u306b\u5bfe\u3057\u3066\u3001FPI\u304c\u6295\u8cc7\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u3053\u3068\u3082\u63d0\u6848\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p style=\"text-align: justify;\">\u3053\u306e\u3088\u3046\u306a\u6295\u8cc7\u3082\u3001\u57fa\u6e96\u5024\u306e\u7b97\u5b9a\u306b\u95a2\u3057\u3066\u8003\u616e\u3055\u308c\u307e\u305b\u3093\u3002\u305f\u3060\u3057\u3001\u5f53\u521d\u306e\u6e80\u671f\u671f\u9593\u304c1\u5e74\u4ee5\u4e0b\u306e\u30b3\u30de\u30fc\u30b7\u30e3\u30eb\u30da\u30fc\u30d1\u30fc\u3084\u975e\u8ee2\u63db\u50b5\u5238\u306e\u767a\u884c\u3082\u3001\u767a\u884c\u8005\u306e\u6700\u4f4e\u8cc7\u672c\u52d8\u5b9a\u3084\u6709\u5f62\u7d14\u8cc7\u7523\u3001\u8a3c\u5238\u306e\u6700\u4f4e\u683c\u4ed8\u3051\u3001\u307e\u305f\u305d\u306e\u4ed6\u306e\u4e00\u5b9a\u306e\u958b\u793a\u304a\u3088\u3073\u6587\u66f8\u5316\u306b\u95a2\u3059\u308b\u8981\u4ef6\u306a\u3069\u3001RBI\u306e\u8ffd\u52a0\u898f\u5236\u306e\u5bfe\u8c61\u3068\u306a\u308a\u307e\u3059\u3002\u5f53\u521d\u306e\u6e80\u671f\u671f\u9593\u304c1\u5e74\u4ee5\u4e0b\u306e\u8a3c\u5238\u3078\u306eFPI\u306e\u6295\u8cc7\u306b\u5bfe\u3059\u308b\u7de9\u548c\u6848\u3092\u5168\u9762\u7684\u306b\u5b9f\u65bd\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u8ffd\u52a0\u7684\u306a\u898f\u5236\u4e0a\u306e\u5909\u66f4\u304c\u5c0e\u5165\u3055\u308c\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u304c\u3001\u305d\u308c\u306b\u3064\u3044\u3066\u306f\u3001\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u4e00\u5207\u691c\u8a0e\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n<figure id=\"attachment_294203\" aria-describedby=\"caption-attachment-294203\" style=\"width: 200px\" class=\"wp-caption alignright\"><a href=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-294205\" title=\"Forex inflows need open doors not small windows\" src=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava-240x300.jpg\" alt=\"Forex inflows need open doors not small windows\" width=\"200\" height=\"250\" srcset=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava-240x300.jpg 240w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava-336x420.jpg 336w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava.jpg 400w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/a><figcaption id=\"caption-attachment-294203\" class=\"wp-caption-text\"><strong>Aditya Bhargava<\/strong> <br \/>\u30d1\u30fc\u30c8\u30ca\u30fc<br \/>Phoenix Legal<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u3001ECB\u306e\u67a0\u7d44\u307f\u306b\u57fa\u3065\u304d\u3001\u518d\u5ea6\u4e00\u5b9a\u671f\u9593\u306b\u304a\u3044\u3066\u3001\u4e00\u90e8\u306e\u5236\u9650\u3084\u4e0a\u9650\u3092\u7de9\u548c\u3059\u308b\u3053\u3068\u304c\u63d0\u6848\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u73fe\u5728\u306eECB\u306e\u67a0\u7d44\u307f\u306e\u4e0b\u3067\u306f\u3001\u3042\u3089\u3086\u308b\u9069\u683c\u50b5\u52d9\u8005\u306f\u3001\u5404\u4e8b\u696d\u5e74\u5ea6\u306b\u3001\u81ea\u52d5\u30eb\u30fc\u30c8\u3067\u306eECB\u3092\u5408\u8a087\u51045000\u4e07\u7c73\u30c9\u30eb\u307e\u3067\u3001\u3042\u308b\u3044\u306f\u540c\u7b49\u984d\u307e\u3067\u5897\u984d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u30012022\u5e7412\u670831\u307e\u3067\u3001ECB\u306e\u4e0a\u9650\u30927\u51045000\u4e07\u7c73\u30c9\u30eb\u304b\u308915\u5104\u7c73\u30c9\u30eb\u306b\u5f15\u304d\u4e0a\u3052\u308b\u3053\u3068\u3092\u63d0\u6848\u3057\u307e\u3057\u305f\u3002\u73fe\u5728\u306eECB\u306e\u67a0\u7d44\u307f\u3067\u306f\u3001ECB\u306e\u5168\u3066\u8fbc\u307f\u8cbb\u7528\u306e\u4e0a\u9650\uff08all-in cost ceiling\uff09\u304c\u5b9a\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u3001\u6295\u8cc7\u9069\u683c\u683c\u4ed8\u3051\u3092\u53d6\u5f97\u3057\u3066\u3044\u308b\u50b5\u52d9\u8005\u3092\u5bfe\u8c61\u3068\u3057\u3066\u30012022\u5e7412\u670831\u65e5\u307e\u3067\u3053\u306e\u4e0a\u9650\u3092100 bp\u5f15\u304d\u4e0a\u3052\u308b\u3053\u3068\u3092\u63d0\u6848\u3057\u307e\u3057\u305f\u3002<\/p>\n<p style=\"text-align: justify;\">\u305f\u3060\u3057\u3001\u7d50\u5c40\u306e\u3068\u3053\u308d\u3001\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u3001\u5909\u66f4\u5c0e\u5165\u306e\u304a\u81b3\u7acb\u3066\u3092\u3057\u305f\u306b\u3059\u304e\u305a\u3001\u5909\u66f4\u305d\u306e\u3082\u306e\u3092\u5b9f\u65bd\u3059\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u306e\u3088\u3046\u306a\u5909\u66f4\u306b\u3064\u3044\u3066\u306f\u3001RBI\u304c\u76e3\u7763\u6a29\u3092\u884c\u4f7f\u3059\u308b\u969b\u306b\u3001RBI\u306b\u3088\u308b\u5177\u4f53\u7684\u306a\u6307\u793a\u306b\u5f93\u3063\u3066\u5b9f\u65bd\u3055\u308c\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u793a\u3055\u308c\u305fFPI\u3078\u306e\u7de9\u548c\u3084\u9664\u5916\u3092\u5b9f\u65bd\u3059\u308b\u305f\u3081\u306b\u3001RBI\u306f2022\u5e747\u67087\u65e5\u306b\u5358\u72ec\u3067\u901a\u9054\u3092\u767a\u51fa\u3057\u3001FPI\u3078\u306e\u7de9\u548c\u671f\u9593\u30922022\u5e747\u67088\u65e5\u304b\u30892022\u5e7410\u670831\u65e5\uff08\u4e21\u65e5\u3068\u3082\u542b\u3080\uff09\u3068\u3059\u308b\u3053\u3068\u3092\u660e\u3089\u304b\u306b\u3057\u307e\u3057\u305f\u3002\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u63d0\u6848\u3055\u308c\u305f\u305d\u306e\u4ed6\u306e\u63aa\u7f6e\u306f\u3001RBI\u304c\u5225\u9014\u767a\u51fa\u3057\u305f\u901a\u9054\u306b\u3088\u3063\u3066\u5b9f\u65bd\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u304c\u3001ECB\u306e\u5236\u9650\u7de9\u548c\u306b\u3064\u3044\u3066\u306f\u672a\u3060\u306b\u901a\u9054\u306b\u3088\u3063\u3066\u5b9f\u65bd\u3055\u308c\u3066\u3044\u306a\u3044\u3053\u3068\u306b\u3001\u5e7e\u5206\u306e\u7591\u554f\u304c\u6b8b\u308a\u307e\u3059\u3002<\/p>\n<p style=\"text-align: justify;\">\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u63d0\u6848\u3055\u308c\u305f\u5909\u66f4\u306f\u3001\u4e00\u6642\u7684\u306a\u7336\u4e88\u3092\u5c0e\u5165\u3059\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u9577\u671f\u7684\u306a\u69cb\u9020\u6539\u9769\u3092\u3082\u305f\u3089\u3059\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3088\u3063\u3066\u3001\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u793a\u3055\u308c\u305f\u671f\u9593\u4ee5\u964d\u306b\u30a4\u30f3\u30c9\u3078\u306e\u5916\u8ca8\u6d41\u5165\u304c\u5897\u52a0\u3059\u308b\u3053\u3068\u306f\u671f\u5f85\u3067\u304d\u307e\u305b\u3093\u3002\u9577\u671f\u306b\u308f\u305f\u308b\u30a4\u30f3\u30c9\u3078\u306e\u5b89\u5b9a\u3057\u305f\u5916\u8ca8\u6d41\u5165\u6e90\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u3001RBI\u304c\u3001\u5fc5\u8981\u306a\u69cb\u9020\u6539\u9769\u306b\u3064\u306a\u304c\u308b\u8ffd\u52a0\u63aa\u7f6e\u3092\u63d0\u6848\u3059\u308b\u3053\u3068\u304c\u671b\u307e\u308c\u307e\u3059\u3002<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808080;\"><strong>Sawant Singh\u3068Aditya Bhargava\u306f\u3001Phoenix Legal\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3059<em>\u3002<\/em>\u30b7\u30cb\u30a2\u30a2\u30bd\u30b7\u30a8\u30a4\u30c8\u3067\u3042\u308bSristi Yadav\u3082\u672c\u7a3f\u57f7\u7b46\u306b\u5354\u529b\u3057\u307e\u3057\u305f\u3002<\/strong><\/span><\/p>\n<section class=\"format-info\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2016\/07\/Phoenix-logo-300x109.jpg\" alt=\"Phoenix Legal\" width=\"300\" height=\"109\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Phoenix Legal<\/strong><\/p>\n<p>Second Floor<br \/>\n254 Okhla Industrial<br \/>\nEstate Phase III<br \/>\nNew Delhi &#8211; 110 020 India<\/p>\n<p>Vaswani Mansion, 3\/F<\/p>\n<p>120 Dinshaw Vachha Road, Churchgate<\/p>\n<p>Mumbai \u2013 400 020, India<\/p>\n<p>\u96fb\u8a71: +91 22 4340 8500<br \/>\n+91 11 4983 0000<\/p>\n<p>E\u30e1\u30fc\u30eb: mumbai@phoenixlegal.in<br \/>\ndelhi@phoenixlegal.in<br \/>\nWeb\u30b5\u30a4\u30c8<br \/>\n<a href=\"http:\/\/www.phoenixlegal.in\/\">www.phoenixlegal.in<\/a><\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>2022\u5e747\u67086\u65e5\u3001\u30a4\u30f3\u30c9\u6e96\u5099\u9280\u884c\uff08RBI\uff09\u306f\u3001\u300c\u666f\u6c17\u5f8c\u9000\u30ea\u30b9\u30af\u300d\u304c\u610f\u8b58\u3055\u308c\u308b\u4e2d\u3001\u91d1\u878d\u5e02\u5834\u306b\u6d78\u900f\u3057\u3066\u3044\u305f\u300c\u30cf\u30a4\u30ea\u30b9\u30af\u56de\u907f\u300d\u306b\u8d77\u56e0\u3059\u308b\u300c\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u7de9\u548c\u3057\u3001\u4e16\u754c\u7684\u306a\u6ce2\u53ca\u52b9\u679c\u3092\u6291\u5236\u3059\u308b\u300d\u305f\u3081\u306b\u3001RBI\u304c\u5c0e\u5165\u3092\u63d0\u6848\u3059\u308b\u63aa\u7f6e\u3092\u793a\u3059\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u306f\u3001\u91d1\u878d\u653f\u7b56\u91d1\u5229\u306e\u5f15\u304d\u7de0\u3081\u304c\u5b9f\u65bd\u3055\u308c\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u9032\u884c\u3059\u308b\u4e2d\u3001\u901a\u8ca8\u3092\u9632\u885b\u3059\u308b\u305f\u3081\u306b\u3001\u4f55\u30ab\u6708\u306b\u3082\u308f\u305f\u3063\u3066RBI\u304c\u7d42\u308f\u308a\u306a\u304d\u52aa\u529b\u3092\u91cd\u306d\u305f\u672b\u306b\u767a\u8868\u3055\u308c\u307e\u3057\u305f\u3002 \u4eca\u56de\u63d0\u6848\u3055\u308c\u305f\u63aa\u7f6e\u306e\u76ee\u7684\u306f\u3001\u5916\u8ca8\u8cc7\u91d1\u8abf\u9054\u6e90\u306e\u3055\u3089\u306a\u308b\u591a\u69d8\u5316\u3068\u62e1\u5145\u3067\u3059\u3002\u7279\u306b\u3001\u672c\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u306f\u3001\u5bfe\u5916\u5546\u696d\u501f\u5165\uff08External Commercial Borrowing\uff1aECB\uff09\u3084\u3001\u5916\u56fd\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u6295\u8cc7\u5bb6\uff08Foreign Portfolio Investor\uff1aFPI\uff09\u3078\u306e\u4f01\u696d\u306e\u50b5\u52d9\u8a3c\u5238\u767a\u884c\u306b\u3088\u308b\u6d77\u5916\u91d1\u878d\u6a5f\u95a2\u304b\u3089\u306e\u501f\u5165\u306b\u5bfe\u3057\u3066\u3001\u4e00\u5b9a\u671f\u9593\u3001\u898f\u5236\u306e\u67a0\u7d44\u307f\u3092\u3055\u307e\u3056\u307e\u306a\u70b9\u3067\u7de9\u548c\u3059\u308b\u3053\u3068\u3092\u63d0\u6848\u3057\u3066\u3044\u307e\u3059\u3002 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