不胎化介入の英語

しかしながら、不胎化が十分でない場合にはマネーサプライが増大し、中国への投機的資金の流入が促され、更なる為替介入と不胎化の規模の拡大という悪循環を招きかねない。例文帳に追加

Nevertheless, in the case that the sterilization is not sufficient, there would be a potential for a vicious cycle in which the Chinese government increases the money supply, promotes the inflow of speculative funds into China, and there is further foreign exchange intervention and expansion of the scale of sterilization. - 経済産業省

こうした通貨当局の外国為替市場における介入により、中国では、外貨準備と不胎化しきれない場合におけるマネーサプライが増加する要因となっている。例文帳に追加

The dollar-buying intervention has helped increase China’s foreign-currency reserves and also resulted in an increase in money supply as the yuan that was unleashed into the banking system via dollar-buying interventions cannot be completely absorbed by Chinese currency authorities under the “sterilizing” operation. - 経済産業省

このため、新興国の通貨当局は、通貨市場にて自国通貨を売り、増加した通貨供給量を回収せず、そのままにしておくという「非不胎化介入」を実施し、自国通貨の増価を抑制しようとする。例文帳に追加

Therefore, monetary authorities in emerging countries sold their own currencies in the currency markets, did not recover the increase supply of currency and left it as is causing “sterilized intervention” to try and control the increase in value of their country‟s currency. - 経済産業省

また、こうした為替介入によって売却された人民元が市中に出回ると、過剰流動性を通じ物価の上昇や国内経済の過熱を引き起こすこととなるため、中国政府は、借入手形の発行等による不胎化政策を採らざるを得ない。例文帳に追加

When the renminbi that are sold go into circulation in the market as a result of this type of foreign exchange intervention, it causes increases in prices through excess liquidity and overheating of the domestic economy, so the Chinese government is forced to employ a sterilization33 based on the issuance of debt bills and so forth. - 経済産業省