「Capital」に関連した英語例文の一覧と使い方(202ページ目) - Weblio英語例文検索

There are two major factors underlying the enormous amount of inflow of money into global commodities markets. First, pension funds are suffering from low returns owing to the globally prevalent low interest rate environment that has existed since 2000, which is causing both pension fund administrators and investment bankers managing pension fund assets to increase their investments in higher risk stocks and bonds. In order to offset the risks, such administrators and investment banks are also buying commodity index funds, since they are uncorrelated with stocks and bonds. Second, since the outbreak of the U.S. sub prime loan crisis, there has been a significant shift of global capital toward safer assets, and the unbalanced demand-supply situation is expected to remain. This has caused investors to focus more on the potential of natural resources and food products, which have lower price elasticity of demand.例文帳に追加

国際商品市場に多額の資金が流入するようになった背景には、①2000年以降世界的な低金利が続くなか、運用収益の低迷に苦しむ年金基金やその運用を引き受ける投資銀行等が、よりハイリスクの株式・債券等への投資を増加させる一方で、これら株式・債券等と非相関関係にある商品インデックスを保険と位置づけて投資を行っていること、②米国サブプライム住宅ローン問題以降、世界の資金の流れが、より安全な資産へと変化するなか、中長期的に需給逼迫が持続する可能性が高く、かつ、需要の価格弾力性が低い資源・食料分野が、有望な投資先として注目されていることなどが考えられる。 - 経済産業省

The market share of state-owned enterprises, which were dominant in the period of the planned economy,has dwindled dramatically in terms of total industrial production through the process of reform and open has dwindled dramatically in terms of total industrial production through the process of reform and openhas dwindled dramatically in terms of total industrial production through the process of reform and open involves the issue of a main body seeking corporate governance, the other issue concerns accounting systems that are adjusted to harmonize with recent trends in the capital market.例文帳に追加

計画経済期には中国経済において圧倒的な地位を占めていた国有企業は、改革・開放を経て、工業生産総額に占めるシェアを大幅に低下させており、また、国有企業全体に占める赤字企業の比率は上昇している状況である。1980年代半ばから本格的に実施されてきた国有企業改革は、結局、国有企業の経営状況の改善をもたらさなかったと言える。この背景として、競争激化と国有企業自体の抱える構造的な負担が挙げられる。また、現在、大多数の国有企業は民営化の方向に向かいつつあるが、特に、株式会社への改組・上場が行われた大型国有企業に関し、大きく2つのコーポレート・ガバナンス上の問題が存在する。1つは、ガバナンスを効かせる主体に関する問題であり、もう１つは、近年の資本市場の動きに併せて整備されてきた会計制度が抱える問題である。 - 経済産業省

Over the past decade, systems and institutions for ventures have been greatly developed. For instance, emerging equity exchanges were opened, minimum capital requirements for joint-stock companies were abolished, and systems for financing without the need for collateral or a guarantor were introduced. During the global IT boom around 2000, many IT service-related start-ups also came into the spotlight in Japan. In the country as a whole, however, the opening rate of establishments (the proportion of start-ups among existing businesses) stood at 5.1% (2004 - 2006), smaller than the closing rate (the proportion of discontinued companies among existing businesses) of 6.2%. This has also stayed at a lower level than that in the United States (10.2%), the United Kingdom (10.0%), and France (12.1%). (The year of reference is 2004 for all three countries). 例文帳に追加

この10年間、新興株式市場の整備や株式会社最低資本金規制の撤廃、新規創業者に対する無担保・無保証人融資制度の整備など、ベンチャー企業を取り巻く制度整備は大きく進展し、2000年頃には世界的なＩＴブームに乗って我が国でも多くのＩＴ・サービス系ベンチャー企業が注目されたが、我が国全体として見ると、開業率（新規開業企業数の現時点企業数に占める割合）は、5.1%（2004年～2006年）と、廃業率（廃業企業数の現時点企業数に占める割合）の6.2%を下回っており、米国(10.2%）、英国(10.0%）、フランス(12.1%）（米国、英国、フランスはいずれも2004年データ）と比して低水準にとどまっている。 - 経済産業省

The history of venture capital in Japan started with small and medium business investment and consultation companies founded by the government in 1963 (Tokyo, Osaka and Nagoya SBICs). Since 1972, when private sector venture capitals started to grow, the industry has been expanding with development of legal and regulatory arrangements, such as the amendment of the Antitrust Act in its treatment of venture capitals (their relation to the clause prohibiting holding companies, etc.), and introduction of the system of limited liability partnership (LLP) for investment. SMRJ and the Development Bank of Japan (BDJ), together with private sector investors, are working aggressively for projects to form venture funds under the scheme of investment LLPs. They are working, you could say, to prime the pump to enable money to be injected from the private sector, and help more venture funds to be formed in Japan. 例文帳に追加

我が国のベンチャーキャピタルの歴史は、1963年に国が設立した中小企業投資育成会社（東京・大阪・名古屋）がその嚆矢となっている。また、その後、1972年から民間ベンチャーキャピタルが成長を始めた以降も、独占禁止法上の取扱い（持株会社の禁止との関係等）や投資事業有限責任組合制度の導入など、制度的な整備に伴ってベンチャーキャピタル産業が拡大してきたと言える。さらに、独立行政法人中小企業基盤整備機構や日本政策投資銀行は、民間投資家とともに投資事業有限責任投資組合方式のベンチャーファンドを組成する事業を積極的に展開しており、言わば、民間資金の呼び水機能を果たすものとして、我が国におけるベンチャーファンドの組成促進に貢献している。 - 経済産業省

In terms of public pension funds, a recommendation has been made recently that they should be allowed more discretion in management of their reserves and be authorized to invest in alternative assets, so that they are managed in a way suitable for one of the largest pension funds in the world with the view to keeping pension financing in a sound condition, as well as granting more to future pensioners and reducing the burdens of present contributors (“For Reform of Management of Public Pension Funds,” Second Report of the Working Group on Financial and Capital Markets, Expert Committee on Reforms Addressing Globalization, Council on Economic and Fiscal Policy, April 2008). Present obstacles that outright prohibit pension funds from investing in venture capitals should be removed soon. 例文帳に追加

さらに公的年金については、昨今、年金財政の健全化とともに、将来の年金受給額の向上や負担の軽減の観点から、世界最大級の年金基金にふさわしい運用を図るため、積立金の運用の自由度を高め、オルタナティブ投資も投資対象とするべきとの議論（経済財政諮問会議グローバル化改革専門調査会金融・資本市場ワーキンググループ第二次報告「公的年金基金運用の改革に向けて」平成２０年４月）もなされており、ベンチャーキャピタルへの出資がそもそも不可能である現状を早期に解消するべきである。 - 経済産業省

As conditions are thus getting tougher in a variety of aspects for start-ups that intend to go public on a emerging equity exchange, there are concerns emerging not only that start-ups might have more difficulty in raising money from an emerging equity exchange, but also that the impact might extend to venture capitals and angels, which at present make profits from capital gains they earn mainly by taking start-ups public on a emerging equity exchange. In particular, when venture capitals commit themselves to earning a certain percentage of profits on their investments, a depressed offering price leads to a diminution of the money venture capitals can afford to invest. Greater impacts of such shrinking investments are felt, it is said, especially by start-ups in the biotechnology sector. With such difficulties left unsolved, the impact on direct facing may become severe. 例文帳に追加

このように、ベンチャー企業の新興株式市場への上場を巡る様々な条件が厳しくなる中で、ベンチャー企業の新興株式市場における資金調達が困難になるのみならず、現状においては新興株式市場での上場を主たる手段としてキャピタルゲインを得ることを収益源とするベンチャーキャピタル投資やエンジェル投資にも影響が生じることが懸念されている。特にベンチャーキャピタルは、投資額の一定倍率の収益を確保することが不可欠であることから、ベンチャー企業株式の上場価格が低迷すれば、それだけベンチャーキャピタルが当該ベンチャー企業に投下できる資金の量も減少することとなる。この結果、多額の資金を必要とするバイオ分野のベンチャー企業への影響が特に大きくなっていると言われている。このような事態を放置すれば、ベンチャー企業に対する直接金融全体が大きな影響を受ける可能性も排除できない。 - 経済産業省

The recent loss of confidence in emerging equity exchanges, and depressed trading volumes and prices have resulted mainly from window-dressing, misstatements and links to antisocial organizations by start-ups listed there. They should, keeping these lessons in mind, work to secure the sound functioning of emerging equity exchanges, which represent their most important tool for gaining capital and achieving credibility. For instance, start-ups and their management should develop their own awareness of compliance issues, disclose information of the company from the viewpoint of investors about anything at any time, and have independent directors appointed who should monitor management as outsiders. They should recognize that it is critical for them to develop adequate management control systems. 例文帳に追加

昨今の新興株式市場の信頼低下、取引量の低迷、株価の下落の大きな原因の一つは、上場ベンチャー企業による粉飾決算・虚偽記載や反社会的勢力との関係等にある。ベンチャー企業は、こうした点を踏まえ、ベンチャー企業にとっても重要な資金調達手段・信用評価手段である新興株式市場を健全な形で機能させるために、ベンチャー企業及び経営者自身のコンプライアンス意識を高め、投資家の視点に立ったディスクロージャーを徹底し、経営者を外部からチェックできる独立社外取締役を採用する等、経営管理体制を整備することが重要であることを、再度認識すべきである。 - 経済産業省

There is disagreement, about whether listing examinations are actually getting more rigorous nowadays or they are merely adhering to the same criteria but becoming “deeper.” If, however, an exchange’s stance on implementation of listing examinations were largely swayed by several cases of breaches of the law or the mood prevailing in the market, this would not be desirable to promote growth of start-ups in the sense that it would ruin predictability about listing. Larger swings or unpredictability with implementation policies would ultimately hamper venture capitals from supplying capital to start-ups, which might impact the whole venture capitals financing system. 例文帳に追加

また、上場審査が実際に昨今厳格化されているのか、それとも単なる「審査の深堀り」であり審査基準に変更はないのか、立場によって見解が分かれるところではあるが、取引所上場審査の運用方針が法令違反の発生や市場のムードによって大きくぶれることが仮にあれば、上場についての予測可能性が失われるという意味で、ベンチャー企業の成長にとって好ましくない。運用方針のぶれや不透明性が増せば、ひいてはベンチャーキャピタルもベンチャー企業に資金を供給できなくなり、ベンチャー企業への資金供給システム全体に影響が出る可能性がある。 - 経済産業省

(4) If any Partner fails to make a contribution to the Partnership, the General Partner may require all of the non-defaulting Partners, by giving [__] days prior written notice, to make pro rata contributions of the amount of such unpaid contribution pursuant to the provisions of Article 8(3) to (7) no later than the date designated by the General Partner; provided that no non-defaulting Partner will be required to make contribution that exceeds its Unpaid Capital Commitment. 例文帳に追加

4. 組合員が本組合に対する出資の履行を怠った場合、無限責任組合員は、当該出資の履行を怠った組合員以外の組合員に対し、かかる不履行のなされた出資金額に相当する分だけ、当該出資の履行を怠った組合員以外の組合員に対し、無限責任組合員からの［ ］日前までの書面による通知に従い、無限責任組合員が指定した日までに、かかる金額を第8 条第3 項から第7 項までの規定に従い按分した額につき、本組合への出資を行うよう求めることができる。但し、各組合員は、自己の出資未履行金額を超えて出資を求められることはないものとする。 - 経済産業省

(iii) Third, [P]% of the Distributable Amount to the General Partner as an incentive fee and [100-P]% of the Distributable Amount to the Interested Partners untilthe sum of (x) the incentive fee paid to the General Partner pursuant to this paragraph prior to the proposed distribution and (y) the incentive fee to be allocated to the General Partner pursuant to this item under the proposed distribution (such sum is hereinafter referred to as the “Aggregate Incentive Fee Amount”) is equal to [Q]% of the sum of: (x) the balance of the sum of the Aggregate Distributed Amount and the distributions made to the Interested Partners pursuant to items (i) to (iii) of this paragraph after the deduction of the total Capital Contributions by all Interested Partners; and (y) the Aggregate Incentive Fee Amount; and 例文帳に追加

③ 第3 に、本項に基づき当該分配までに無限責任組合員に支払われた成功報酬額及び当該分配において本号に基づき無限責任組合員に対して帰属する成功報酬額の合計額（以下「成功報酬累計額」という。）が、以下に定める金額の合計額の［β］%相当額と同額となるまで、無限責任組合員に成功報酬として分配可能額の［γ］%を支払い、組合員等に分配可能額の［（100-γ）］%を分配する。(ⅰ) 分配累計額及び当該分配において本項第①号から本号までに基づき組合員等に対して行われる分配額の合計額から全ての組合員等の出資履行金額の合計額を控除した額(ⅱ) 成功報酬累計額 - 経済産業省

(iii) Third, [P]% of the Distributable Amount to the General Partner as an incentive fee and [100-P]% of the Distributable Amount to such Participating Interested Partner until the sum of (x) the incentive fee paid to the General Partner in respect of such Participating Interested Partner pursuant to this paragraph prior to the proposed distribution and (y) the incentive fee to be allocated to the General Partner in respect of such Participating Interested Partner pursuant to this item under the proposed distribution (such sum is hereinafter referred to as the “Aggregate Incentive Fee Amount”) is equal to [Q]% of the sum of: (x) the balance of the sum of the Aggregate Distributed Amount and the distributions made to such Participating Interested Partner pursuant to items (i) to (iii) of this paragraph after the deduction of the total Capital Contributions of such Participating Interested Partner; and (y) the Aggregate Incentive Fee Amount; and 例文帳に追加

③ 第3 に、当該分配までに本項に基づき当該対象組合員等に関し無限責任組合員に支払われた成功報酬額及び当該分配において当該対象組合員等に関し本号に基づき無限責任組合員に対して支払われる成功報酬額の合計額（以下「成功報酬累計額」という。）が、以下に定める金額の合計額の［β］%相当額と同額となるまで、無限責任組合員に成功報酬として分配可能額の［γ］%を支払い、当該対象組合員等に分配可能額の［（100-γ）］%を分配する。(ⅰ) 分配累計額及び当該分配において本項第①号から本号までに基づき当該対象組合員等に対して行われる分配額の合計額から当該対象組合員等の出資履行金額を控除した額(ⅱ) 成功報酬累計額 - 経済産業省

(ii) Subscription for shares, share options (excluding those attached to bonds with share option), or Bonds with Share Options, etc. (meaning Bonds with Share Options, etc. as defined in Article 5, paragraph (1), item (ii) of the Small and Medium-sized Enterprise Investment Business Corporation Act; hereinafter the same shall apply in this item and in the following paragraph), and the holding of the shares, the share options (including the shares issued or transferred through the exercise of the share options), or the Bonds with Share Options, etc. (including the shares issued or transferred through the exercise of the share options attached to the Bonds with Share Options, etc.) pertaining to such subscription, which have been issued by a stock company with stated capital exceeding 300,000,000 yen that is a Small and Medium-sized Enterprise Operator being a Certified Research and Development Business Operator or a Supervisory Business Operator in order to raise the funds required for the purpose of engaging in Research and Development Business or Supervisory Business according to a Certified Research and Development Business Plan or a Certified Supervisory Business Plan. 例文帳に追加

二 認定研究開発事業者又は認定統括事業者である中小企業者のうち資本金の額が三億円を超える株式会社が認定研究開発事業計画又は認定統括事業計画に従って研究開発事業又は統括事業を行うために必要とする資金の調達を図るために発行する株式、新株予約権（新株予約権付社債に付されたものを除く。）又は新株予約権付社債等（中小企業投資育成株式会社法第五条第一項第二号に規定する新株予約権付社債等をいう。以下この号及び次項において同じ。）の引受け及び当該引受けに係る株式、新株予約権（その行使により発行され、又は移転された株式を含む。）又は新株予約権付社債等（新株予約権付社債等に付された新株予約権の行使により発行され、又は移転された株式を含む。）の保有 - 経済産業省

(1) In the case where the acquisition costs of the entire property that a Member Commodity Exchange Established by an Incorporation-Type Merger acquired by succession as the result of an Incorporation-Type Merger (which refers to an Incorporation-Type Merger prescribed in Article 141 of the Act; the same shall apply hereinafter until Article 60-11) (hereinafter referred to as the "Property subject to an Incorporation-Type Merger") (excluding the property of a Member Commodity Exchange acquired through an Incorporation-Type Merger [which means a single Member Commodity Exchange in the case where the book value immediately prior to an Incorporation-Type Merger for the property held by such single Member Commodity Exchange should be used as the book value of the Member Commodity Exchange Established by an Incorporation-Type Merger for said property; hereinafter the same shall apply]; hereinafter the same shall apply in this Article), the acquisition costs of such property are to be measured by a method calculating the current market value of the consideration of the Incorporation-Type Merger and other current market values of said Property subject to an Incorporation-Type Merger, the amounts set forth in the following items for the Member Commodity Exchange Established by an Incorporation-Type Merger shall be the amounts set forth in said respective items; provided, however, that this provision shall not apply if it is determined that such amounts are to be prescribed pursuant to the provisions of the following paragraph by the Incorporation-Type Merger contract: (i) the amount of the contributions at the establishment of a Member Commodity Exchange Established by an Incorporation-Type Merger (hereinafter referred to as the “Amount of Contributions at Establishment”): the sum total of the amounts set forth in the following: (a) the amount determined by the Member Commodity Exchanges Dissolved in an Incorporation-Type Merger pursuant to the provisions of the Incorporation-Type Merger contract (limited to an amount of zero or greater) within the scope of the amount of the net assets subject to the Incorporation-Type Merger (which means the amount calculated by deducting the value placed on the Property subject to the Incorporation-Type Merger [limited to liabilities] from the value placed on the Property subject to the Incorporation-Type Merger [limited to assets] (limited to those inherited from a Member Commodity Exchange acquired through an Incorporation-Type Merger); hereinafter the same shall apply in this paragraph; and in the case such amount is less than zero, the amount shall be zero); (b) the amount determined by the Member Commodity Exchanges Dissolved in an Incorporation-Type Merger pursuant to the provisions of the Incorporation-Type Merger contract (limited to an amount of zero or greater) within the scope of the current market value of the consideration of the Incorporation-Type Merger (which means the value of the consideration of the Incorporation-Type Merger calculated by using the current market value of the consideration of the Incorporation-Type Merger or other appropriate method; hereinafter the same shall apply in this Article; and limited to those cases pertaining to the contributions of a Member Commodity Exchange Established by an Incorporation-Type Merger that are delivered to Members of a Member Commodity Exchanges Dissolved in an Incorporation-Type Merger other than a Member Commodity Exchange acquired through an Incorporation-Type - 124 - Merger; hereinafter the same shall apply in this paragraph); (ii) the amount of membership fees at the establishment of a Member Commodity Exchange Established by an Incorporation-Type Merger (hereinafter referred to as the "Amount of Membership Fees at Establishment): the amount determined by a Member Commodity Exchange Dissolved in an Incorporation-Type Merger pursuant to the provisions of the Incorporation-Type Merger contract within the scope of the amount calculated by deducting the amount set forth in (c) below, from the sum total of the amounts set forth in (a) and (b) (limited to an amount of zero or greater): (a) the amount of net assets subject to an Incorporation-Type Merger (in the case where said amount of net assets subject to the Incorporation-Type Merger is less than zero, the amount shall be zero); (b) the current market value of the consideration of the Incorporation-Type Merger; (c) the Amount of Contributions at Establishment; (iii) the amount of capital surplus at the establishment of a Member Commodity Exchange Established by an Incorporation-Type Merger (hereinafter referred to as the "Amount of Capital Surplus at Establishment"): the amount calculated by deducting the sum total of the amounts set forth in (c) and (d) below, from the sum total of the amounts set forth in (a) and (b): (a) the amount of net assets subject to an Incorporation-Type Merger (in the case where said amount of net assets subject to an Incorporation-Type Merger is less than zero, the amount shall be zero); (b) the current market value of the consideration of the Incorporation-Type Merger; (c) the Amount of Contributions at Establishment; (d) the Amount of Membership Fees at Establishment; (iv) the amount of statutory capital at the establishment of a Member Commodity Exchange Established by an Incorporation-Type Merger (hereinafter referred to as the “Amount of Statutory Capital at Establishment”): the amount shall be zero; (v) the amount of accumulated surplus at the establishment of a Member Commodity Exchange Established by an Incorporation-Type Merger (hereinafter referred to as the “Amount of Accumulated Surplus at Establishment”): the amount shall be zero (if the amount of the net assets subject to an Incorporation-Type Merger is below zero, the amount shall be said amount of net assets subject to the Incorporation-Type Merger). 例文帳に追加

１ 新設合併（法第百四十一条の新設合併をいう。以下第六十条の十一までにおいて同 じ。）により新設合併設立会員商品取引所が承継する財産（以下「新設合併対象財産」 という。）（新設合併取得会員商品取引所（新設合併消滅会員商品取引所のうち、一の会 員商品取引所の有する財産に付された新設合併直前の帳簿価額を当該財産に付すべき新 設合併設立会員商品取引所における帳簿価額とすべき場合における当該一の会員商品取 引所をいう。以下同じ。）の財産を除く。以下この条において同じ。）の全部の取得原価 を新設合併対価（新設合併に際して新設合併設立会員商品取引所が新設合併消滅会員商 品取引所の会員に対して交付する財産をいう。以下この条において同じ。）の時価その 他当該新設合併対象財産の時価を適切に算定する方法をもって測定することとすべき場 合において、新設合併設立会員商品取引所の次の各号に掲げる額は、当該各号に定める 額とする。ただし、新設合併契約により次項の規定によるものと定めたときは、この限 りでない。 一新設合併設立会員商品取引所の設立時の出資金の額（以下「設立時出資金額」とい う。） 次に掲げる額の合計額 イ 新設合併対象純資産額（新設合併対象財産（資産に限る。）に付すべき価額から 新設合併対象財産（負債に限る。）に付すべき価額を減じて得た額（新設合併取得 会員商品取引所から承継するものに係るものに限る。）をいう。以下この項におい て同じ。）（当該額が零未満である場合にあっては、零）の範囲内で、新設合併消滅 会員商品取引所が新設合併契約の定めに従い定めた額（零以上の額に限る。）ロ新設合併対価時価（新設合併対価の時価その他適切な方法により算定された新設 合併対価の価額をいう。以下この条において同じ。）（新設合併設立会員商品取引所 の出資に係るものであって、新設合併取得会員商品取引所以外の新設合併消滅会員 商品取引所の会員に交付するものに限る。以下この項において同じ。）の範囲内で、 新設合併消滅会員商品取引所が新設合併契約の定めに従い定めた額（零以上の額に 限る。） 二新設合併設立会員商品取引所の設立時の加入金の額（以下「設立時加入金額」とい う。） イ及びロに掲げる額の合計額からハに掲げる額を減じて得た額の範囲内で、 新設合併消滅会員商品取引所が新設合併契約の定めに従い定めた額（零以上の額に 限る。） イ新設合併対象純資産額（当該新設合併対象純資産額が零未満である場合にあって は、零）ロ新設合併対価時価 ハ設立時出資金額 三新設合併設立会員商品取引所の設立時の資本剰余金の額（以下「設立時資本剰余金 額」という。） イ新設合併対象純資産額（当該新設合併対象純資産額が零未満である場合にあって は、零）ロ新設合併対価時価 ハ設立時出資金額 ニ設立時加入金額 四新設合併設立会員商品取引所の設立時の法定準備金の額（以下「設立時法定準備金 額」という。） 零 五新設合併設立会員商品取引所の設立時の利益剰余金の額（以下「設立時利益剰余金 額」という。） 零 - 経済産業省

The matters specified by an ordinance of the competent ministry set forth in Article 192, paragraph 1, item 5 of the Act shall be as follows: (i) the amount of stated capital; (ii) a Commodity Market which accepts the consignment of transactions, etc. on the Commodity Market; (iii) the distinction of transactions pertaining to the acceptance of the consignment of transactions, etc. (limited to transactions set forth in Article 2, paragraph 16, item 1 or item 3 of the Act) on the Commodity Market, and to transactions pertaining to the acceptance of the consignment of transactions, etc. (limited to transactions set forth in item 2 or item 4 of the same paragraph) on the Commodity Market; (iv) the name of the Consignor Protection Fund (which means a Consignor Protection Fund prescribed in Article 296 of the Act; the same shall apply hereinafter) which should be joined; (v) the name of a Commodity Futures Association (which means a commodity futures association prescribed in Article 241, paragraph 1 of the Act; hereinafter referred to as an “Association”) which should be joined. 例文帳に追加

法第百九十二条第一項第五号の主務省令で定める事項は、次に掲げるものとする。 一資本金の額 二商品市場における取引等の受託を行う商品市場 三商品市場における取引等（法第二条第十六項第一号又は第三号に掲げるものに限 る。）の受託に係る取引と商品市場における取引等（同項第二号 又は第四号 に掲げ るものに限る。）の受託に係る取引の別 四加入する委託者保護基金（法第二百九十六条に規定する委託者保護基金をいう。 以下同じ。）の名称 五加入する商品先物取引協会（法第二百四十一条第一項に規定する商品先物取引協会をいう。以下「協会」という。）の名称 - 経済産業省

(6) An institution which has been rated by a designated rating agency means, notwithstanding the difference of the actual rating and the preliminary rating, an institution that has been given a designated rating (which means a designated rating specified in Article 1, paragraph 4 of the Cabinet Office Ordinance concerning Capital Adequacy Ratios of Securities Companies; hereinafter the same shall apply in this table) of long term preferred debts (including debts that can be identified as equivalents), and the institution shall be deemed to be given a designated rating when said institution has been given the same rating as the designated rating with regard to a company rating or an insurance solvency rating. With regard to a consolidated subsidiary of a company with a designated rating that also submits a consolidated financial report, said consolidated subsidiary shall be deemed to be granted the designated rating, except for the cases where said consolidated subsidiary has been given a rating other than the designated rating. 例文帳に追加

（６） 指定格付を付与された者 本格付又は予備格付の別を問わず、長期優先債務（こ れと同視し得る債務を含む。）に指定格付（証券会社の自己資本規制に関する内 閣府令第一条第四項の指定格付をいう。以下この表において同じ。）が付与され ている者をいい、会社格付又は保険金支払能力格付において指定格付と同等の 格付が付与されている場合には、指定格付を付与されているものとみなす。な お、指定格付を付与されている連結財務諸表提出会社の連結子会社については、 当該連結子会社が指定格付以外の格付を付与されている場合を除き、指定格付 を付与されたものとみなす。 - 経済産業省

Specifically: (i) when a Japanese company wants to introduce a cash management system (CMS) for its multinational business operations and to lend funds within the group, the lender might be required to be registered as a money lender in accordance with the Money-Lending Control Law; (ii) when a company wants to collect excess funds from its group businesses, such action might violate the Law Concerning the Regulation of Receiving of Capital Subscription, Deposits and Interest on Deposits, prohibiting the receipt of deposit as business; and (iii) when the group’s financial controlling company operates as currency exchange in making payments, such activity might violates the Banking Law.例文帳に追加

具体的には、①多国籍企業の展開について、我が国企業がキャッシュ・マネジメント・システム（CMS）25を導入し、グループ内貸付を行う場合、貸付を行う側が貸金業を営む者として、「貸金業の規制等に関する法律」の登録が必要となる可能性があること、②逆にグループ会社から余剰資金を集める場合、業としての預り金を禁止した「出資の受入れ、預り金及び金利等の取締りに関する法律」の規制に抵触する可能性があること、③財務統括会社が金銭の支払に際して自らが為替機能を担う場合、銀行法に抵触する可能性があること、が問題として挙げられている。 - 経済産業省

Reasons why the flow of capital to emerging countries such as countries in the Asian Pacific and Latin America has recovered favorably include:- Lower level of uncertainty about the future economic situation after more countries observed the global economy bottoming out due to unprecedented economic stimulus policies implemented by various countries. - Concerns about a liquidity crisis in the markets were dispelled as a result of a bold injection of funds to raise liquidity by central banks. - The difference in growth rates between developed countries and emerging countries since around spring 2009 has expanded. - Predictions have grown stronger that developed nations will continue to hold a low interest policy for the long term. Because of these reasons, investor‟s risk preferences have rebounded since spring 2009 and this is believed to be because of prompt investment in emerging countries.例文帳に追加

アジア・太平洋、中南米など新興国への資金流入が順調に回復したのは、―各国による前例のない景気刺激策によって世界経済の底入れ観測が拡がり、景気の先行きの不確実性が低下したこと、―中央銀行による大胆な流動性供給の結果、市場から「流動性危機」への不安が払拭されたこと、―2009年春頃から、先進国と新興国の成長率格差が拡大したこと、―先進国において低金利の長期化への予測が強まったこと、等の理由により、2009年春以降、投資家のリスク選好が回復し、新興国への投資が促されたため、と考えられている。 - 経済産業省

By highlighting serious issues facing the country, such as slowdown in national economic growth following the Asian Currency Crisis, sluggish growth in domestic capital spending and consumption, deterioration in the global economic outlook, concerns over rising resource prices, etc., the Plan proposed the following 3 pillars of actions: (1) economic recovery through expansion of investment and consumption, (2) sustainable growth through improvement of corporate environment through, for example, deregulation and financial globalization, etc., and (3) long-term growth by enhancing the economic foundation that would lead new growth by, for example, increasing R&D investment, enhancing competitiveness in the service industry, and enhancing human resources.例文帳に追加

同実践計画では、アジア通貨危機以降、韓国が成長の鈍化、設備投資の伸び悩み、国内消費の低迷に加え、米国をはじめとする諸外国の経済成長見通しの悪化や資源価格の高騰等の不安要因に直面していることに触れ、①投資・消費基盤の拡充を通じた景気回復、②規制緩和や金融のグローバル化等の企業環境の改善を通じた持続的成長、③研究開発投資の拡大やサービス産業の競争力強化、人的資本の拡充等、新しい成長をけん引する基盤強化を通じた長期的な成長の三つを柱とする実践課題を打ち出している。 - 経済産業省

The report cites the following 2 major problems with the existing system: (1) deferral of taxation on retained profits of foreign subsidiaries and the resulting impact on corporate decision-making on capital spending and (2) diverted use of maximum deductible amounts and the system complexity, both of which arise from the combined use of the high-tax rate income and the low-tax rate income under the foreign tax credit system. The report proposes the following solutions to these problems: (1) the extraterritorial income should be classified into ordinary income and investment income, and the extraterritorial income exclusion system should be applied to the former while the foreign tax credit system should be applied to the latter, and (2) the enforcement of the transfer pricing tax system should be enhanced as the extraterritorial income exclusion system adopted to the ordinary income could urge companies to move the profits of their foreign subsidiaries to countries with lower taxes.例文帳に追加

報告書においては、現行制度の問題点として、全世界所得課税における海外子会社留保利益の課税繰延とそれによる企業の投資判断の歪みの発生について、また、外国税額控除方式における高税率の所得と低税率の所得の組み合わせによる控除限度額の流用および制度の複雑性等について、それぞれ指摘されており、その解決策として、① 国外所得を事業所得と投資所得に分類し、前者については国外所得免除方式を採用しつつ、後者については現行の外国税額控除方式を採用する、②事業所得の国外所得免除方式の適用においては、軽課税国所在の子会社に所得を移転させるインセンティブが働くため、移転価格税制の執行にさらに注力するといった提案がなされている。 - 経済産業省

Article 34-23 (1) The provisions of Article 207 (excluding paragraph (9)(i)), Article 604(3), Article 620, Article 623(1), Articles 625 to 636 inclusive, Article 660, Article 661 and Article 665 of the Companies Act shall apply mutatis mutandis to limited liability audit corporations. In this case, the term "Ordinance of the Ministry of Justice" in these provisions shall be deemed to be replaced with "Cabinet Office Ordinance," the phrase "the matters listed in Article 199(1)(iii)" in Article 207(1) of the Companies Act shall be deemed to be replaced with "property other than money as the object of capital contribution," the phrase "provided for in that item" in the same paragraph shall be deemed to be replaced with "other than money," the phrase "provided for in Article 199(1)(iii)" in paragraph (7) and paragraph (9)(ii) to (v) inclusive of the same Article shall be deemed to be replaced with "of property other than money," the term "subscriber for Shares for Subscription" in paragraph (8) of the same Article shall be deemed to be replaced with "person who intends to become a partner," the phrase "his/her applications for subscription for Shares for Subscription, or his/her manifestation of intention relating to the contract provided for in Article 205" in the same paragraph shall be deemed to be replaced with "his/her offer for capital contribution," the phrase "director, an accounting advisor, a company auditor or executive officer," in paragraph (10)(i) of the same Article shall be deemed to be replaced with "partner," the phrase "employee including a manager" in the same item shall be deemed to be replaced with "employee," the term "subscriber for Shares for Subscription" in item (ii) of the same paragraph shall be deemed to be replaced with "person who intends to become a partner," the term "the preceding paragraph" in Article 604(3) of the same Act shall be deemed to be replaced with "the preceding paragraph as applied mutatis mutandis pursuant to Article 34-22(1) of the Certified Public Accountants Act," the term "business year" in Article 631(1) of the same Act shall be deemed to be replaced with "fiscal year," the term "Article 624(1)" in Article 632(1) of the same Act shall be deemed to be replaced with "Article 624(1) as applied mutatis mutandis pursuant to Article 34-22(1) of the Certified Public Accountants Act," the phrase "a demand is made under the provisions of the first sentence of Article 624(1)" in paragraph (2) of the same Article shall be deemed to be replaced with "a demand is made under the provisions of the first sentence of Article 624(1) as applied mutatis mutandis pursuant to Article 34-22(1) of the Certified Public Accountants Act," and the phrase "the demand under the first sentence of Article 624(1)" in the same paragraph shall be deemed to be replaced with "the demand under the first sentence of Article 624(1) as applied mutatis mutandis pursuant to Article 34-22(1) of the Certified Public Accountants Act," and any other necessary technical replacement of terms shall be specified by Cabinet Order. 例文帳に追加

第三十四条の二十三　会社法第二百七条（第九項第一号を除く。）、第六百四条第三項、第六百二十条、第六百二十三条第一項、第六百二十五条から第六百三十六条まで、第六百六十条、第六百六十一条及び第六百六十五条の規定は、有限責任監査法人について準用する。この場合において、これらの規定中「法務省令」とあるのは「内閣府令」と、同法第二百七条第一項中「第百九十九条第一項第三号に掲げる事項を」とあるのは「金銭以外の財産を出資の目的として」と、「同号」とあるのは「当該金銭以外」と、同条第七項及び第九項第二号から第五号までの規定中「第百九十九条第一項第三号」とあるのは「金銭以外の財産」と、同条第八項中「募集株式の引受人」とあるのは「社員になろうとする者」と、「その募集株式の引受けの申込み又は第二百五条の契約に係る意思表示」とあるのは「出資の申込み」と、同条第十項第一号中「取締役、会計参与、監査役若しくは執行役」とあるのは「社員」と、「支配人その他の使用人」とあるのは「使用人」と、同項第二号中「募集株式の引受人」とあるのは「社員になろうとする者」と、同法第六百四条第三項中「前項」とあるのは「公認会計士法第三十四条の二十二第一項において準用する前項」と、同法第六百三十一条第一項中「事業年度」とあるのは「会計年度」と、同法第六百三十二条第一項中「第六百二十四条第一項」とあるのは「公認会計士法第三十四条の二十二第一項において準用する第六百二十四条第一項」と、同条第二項中「が、第六百二十四条第一項前段」とあるのは「が、公認会計士法第三十四条の二十二第一項において準用する第六百二十四条第一項前段」と、「は、第六百二十四条第一項前段」とあるのは「は、同法第三十四条の二十二第一項において準用する第六百二十四条第一項前段」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。 - 日本法令外国語訳データベースシステム

(xxvi) when the person reduces the amount of stated capital or Reserves, refunds equity interest, disposes of property of a Membership Company, effects an Entity Conversion, Absorption-type Merger, Consolidation-type Merger, Absorption-type Company Split, Incorporation-type Company Split, Share Exchange or Share Transfer, or effects the resignation of all of a Foreign Company's representatives in Japan in violation of the provisions of Article 449(2) or (5), Article 627(2) or (5), Article 635(2) or (5), Article 670(2) or (5), Article 779(2) or (5) (including the cases where they are applied mutatis mutandis pursuant to Article 781(2)), Article 789(2) or (5) (including the cases where they are applied mutatis mutandis pursuant to Article 793(2)), Article 799(2) or (5) (including the cases where they are applied mutatis mutandis pursuant to Article 802(2)), Article 810(2) or (5) (including the cases where they are applied mutatis mutandis pursuant to Article 813(2)) or Article 820(1) or (2); 例文帳に追加

二十六　第四百四十九条第二項若しくは第五項、第六百二十七条第二項若しくは第五項、第六百三十五条第二項若しくは第五項、第六百七十条第二項若しくは第五項、第七百七十九条第二項若しくは第五項（これらの規定を第七百八十一条第二項において準用する場合を含む。）、第七百八十九条第二項若しくは第五項（これらの規定を第七百九十三条第二項において準用する場合を含む。）、第七百九十九条第二項若しくは第五項（これらの規定を第八百二条第二項において準用する場合を含む。）、第八百十条第二項若しくは第五項（これらの規定を第八百十三条第二項において準用する場合を含む。）又は第八百二十条第一項若しくは第二項の規定に違反して、資本金若しくは準備金の額の減少、持分の払戻し、持分会社の財産の処分、組織変更、吸収合併、新設合併、吸収分割、新設分割、株式交換、株式移転又は外国会社の日本における代表者の全員の退任をしたとき。 - 日本法令外国語訳データベースシステム

(ii) a person who has been punished by a fine (including a punishment under laws and regulations of a foreign state equivalent to this) for violating provisions of this Act, the Secured Debenture Trust Act, the Act on Concurrent Operation of Trust Business by a Financial Institution, the Commodity Exchange Act, the Act on Investment Trusts and Investment Corporations, the Building Lots and Buildings Transaction Business Act, the Act on Regulation of Receiving of Capital Subscription, Deposits, and Interest Rates, etc., the Installment Sales Act, the Act on Assumption of Entrustment, etc. of Futures Trading in Foreign Commodities Market, the Act on Controls, etc. on Money Lending, the Act on Deposit, etc. Transaction Agreement of Specified Commodities, etc., the Act on Regulation of Business Pertaining to Commodity Investment, the Real Estate Specified Joint Enterprise Act, the Act on the Securitization of Assets, the Act on Issuance, etc. of Bonds for Financial Corporations' Loan Business, the Trust Business Act, or other Acts specified by a Cabinet Order, or laws and regulations of a foreign state equivalent to these Acts, and for whom five years have not passed since the day when the execution of the punishment terminated or he/she became free from the execution of the punishment; or 例文帳に追加

二　この法律、担保付社債信託法、金融機関の信託業務の兼営等に関する法律、商品取引所法、投資信託及び投資法人に関する法律、宅地建物取引業法、出資の受入れ、預り金及び金利等の取締りに関する法律、割賦販売法、海外商品市場における先物取引の受託等に関する法律、貸金業の規制等に関する法律、特定商品等の預託等取引契約に関する法律、商品投資に係る事業の規制に関する法律、不動産特定共同事業法、資産の流動化に関する法律、金融業者の貸付業務のための社債の発行等に関する法律、信託業法その他政令で定める法律又はこれらに相当する外国の法令の規定に違反し、罰金の刑（これに相当する外国の法令による刑を含む。）に処せられ、その刑の執行を終わり、又はその刑の執行を受けることがなくなつた日から五年を経過しない者 - 日本法令外国語訳データベースシステム

(9) When an entrepreneur of juridical person, the appointment and dismissal of officers or the conduct or existence in business of which is controlled by another entrepreneur of juridical person whose capital or total contributions exceeds 10 million yen, receives a manufacturing or other contract from the said entrepreneur and subcontracts of all or a considerable part of the act of manufacture, repair, creation or provision pertaining to such manufacturing or other contract with a third entrepreneur (excluding the cases where a person coming under items (i) or (ii) of Paragraph 7 above concludes the manufacturing or other contract with another person who falls under items (i) or (ii) respectively of the preceding paragraph and cases where a person falling under items (iii) and (iv) of the paragraph above concludes an information-based product creation contract or a service contract with another person who falls under items (iii) and (iv) respectively of the preceding paragraph), and when the entrepreneur who receives such subcontract would fall under the items of the preceding paragraph if he were to receive the said manufacturing or other contract directly from the said entrepreneur who controls the appointment and dismissal of officers, or conduct or existence in the business, the entrepreneur who concludes such subcontract shall be deemed, in the application of this Act, to be a main subcontracting entrepreneur and the entrepreneur who receives such subcontract shall be deemed to be a subcontractor. 例文帳に追加

９　資本金の額又は出資の総額が千万円を超える法人たる事業者から役員の任免、業務の執行又は存立について支配を受け、かつ、その事業者から製造委託等を受ける法人たる事業者が、その製造委託等に係る製造、修理、作成又は提供の行為の全部又は相当部分について再委託をする場合（第七項第一号又は第二号に該当する者がそれぞれ前項第一号又は第二号に該当する者に対し製造委託等をする場合及び第七項第三号又は第四号に該当する者がそれぞれ前項第三号又は第四号に該当する者に対し情報成果物作成委託又は役務提供委託をする場合を除く。）において、再委託を受ける事業者が、役員の任免、業務の執行又は存立について支配をし、かつ、製造委託等をする当該事業者から直接製造委託等を受けるものとすれば前項各号のいずれかに該当することとなる事業者であるときは、この法律の適用については、再委託をする事業者は親事業者と、再委託を受ける事業者は下請事業者とみなす。 - 日本法令外国語訳データベースシステム

(3) With regard to the application of the provision of paragraph (1) in the case where a specified foreign subsidiary company, etc. related to a resident listed in each item of paragraph (1) (excluding a company engaged in, as its principal business, the holding of shares (including capital contributions) or bonds, the provision of industrial property rights or any other rights concerning technology, production methods involving special technology or any other equivalent rights or methods (including the right to use these rights) or copyrights (including rights of publication, neighboring rights and any other equivalent rights) or the lending of vessels or aircrafts) has an office, store, factory or any other fixed facility that is considered to be necessary for conducting its principal business in the state or territory where its head office or principal office is located, and takes charge of managing, controlling and operating the business by itself (referred to in the next paragraph as the "case where a specified foreign subsidiary company, etc. has a fixed facility"), the phrase "amount that is adjusted" in the said paragraph shall be deemed to be replaced with "amount that is adjusted,..., after deducting therefrom the amount equivalent to ten percent of the amount of expense specified by a Cabinet Order as a personnel expense for people engaged in the business at the said specified foreign subsidiary, etc." 例文帳に追加

３　第一項各号に掲げる居住者に係る特定外国子会社等（株式（出資を含む。）若しくは債券の保有、工業所有権その他の技術に関する権利、特別の技術による生産方式若しくはこれらに準ずるもの（これらの権利に関する使用権を含む。）若しくは著作権（出版権及び著作隣接権その他これに準ずるものを含む。）の提供又は船舶若しくは航空機の貸付けを主たる事業とするものを除く。）がその本店又は主たる事務所の所在する国又は地域においてその主たる事業を行うに必要と認められる事務所、店舗、工場その他の固定施設を有し、かつ、その事業の管理、支配及び運営を自ら行つているものである場合（次項において「固定施設を有するものである場合」という。）における第一項の規定の適用については、同項中「調整を加えた金額」とあるのは、「調整を加えた金額から当該特定外国子会社等の事業に従事する者の人件費として政令で定める費用の額の百分の十に相当する金額を控除した金額」とする。 - 日本法令外国語訳データベースシステム

(3) With regard to the application of the provision of paragraph (1) in the case where a specified foreign corporation related to a resident who is a specially-related shareholder, etc. (excluding a corporation engaged in, as its principal business, the holding of shares (including capital contributions) or bonds, the provision of industrial property rights or any other rights concerning technology, production methods involving special technology or any other equivalent rights or methods (including the right to use these rights) or copyrights (including rights of publication, neighboring rights and any other equivalent rights) or the lending of vessels or aircrafts) has an office, store, factory or any other fixed facility that is considered to be necessary for conducting its principal business in the state or territory where its head office or principal office is located, and takes charge of managing, controlling and operating the business by itself (referred to as the "case where a specified foreign corporation has a fixed facility" in the next paragraph), the phrase "amount that is adjusted" in the said paragraph shall be deemed to be replaced with "amount that is adjusted,..., after deducting therefrom the amount equivalent to ten percent of the amount of expense specified by a Cabinet Order as a personnel expense for people engaged in the business at the said specified foreign corporation." 例文帳に追加

３　特殊関係株主等である居住者に係る特定外国法人（株式（出資を含む。）若しくは債券の保有、工業所有権その他の技術に関する権利、特別の技術による生産方式若しくはこれらに準ずるもの（これらの権利に関する使用権を含む。）若しくは著作権（出版権及び著作隣接権その他これに準ずるものを含む。）の提供又は船舶若しくは航空機の貸付けを主たる事業とするものを除く。）がその本店又は主たる事務所の所在する国又は地域においてその主たる事業を行うに必要と認められる事務所、店舗、工場その他の固定施設を有し、かつ、その事業の管理、支配及び運営を自ら行つているものである場合（次項において「固定施設を有するものである場合」という。）における第一項の規定の適用については、同項中「調整を加えた金額」とあるのは、「調整を加えた金額から当該特定外国法人の事業に従事する者の人件費として政令で定める費用の額の百分の十に相当する金額を控除した金額」とする。 - 日本法令外国語訳データベースシステム

Article 66-5 (1) Where a domestic corporation pays, in each business year beginning on or after April 1, 1992, interest on liabilities, etc. to a foreign controlling shareholder, etc. or fund provider, etc. that is related to the said domestic corporation, and the average balance of liabilities regarding the liabilities owed, for the relevant business year, to the foreign controlling shareholder, etc. and the fund provider, etc. that are related to the said domestic corporation, exceeds threefold the amount of equity interest held by the foreign controlling shareholder, etc. related to the said domestic corporation for the relevant business year, the amount calculated pursuant to the method specified by a Cabinet Order as such excess in the amount of interest on liabilities, etc. payable by the said domestic corporation to the said foreign controlling shareholder, etc. and fund provider, etc. in the relevant business year shall not be included in the amount of deductible expense in the calculation of the amount of income of the said domestic corporation for the relevant business year (including the amount of income prescribed in Article 102(1)(i) of the Corporation Tax Act); provided, however, that this shall not apply where the average balance of liabilities regarding the total liabilities of the said domestic corporation for the relevant business year (limited to those which can be the cause of payment of interest on liabilities, etc.; the same shall apply in the next paragraph and paragraph (3)) is not more than threefold the amount of equity capital of the said domestic corporation. 例文帳に追加

第六十六条の五　内国法人が、平成四年四月一日以後に開始する各事業年度において、当該内国法人に係る国外支配株主等又は資金供与者等に負債の利子等を支払う場合において、当該事業年度の当該内国法人に係る国外支配株主等及び資金供与者等に対する負債に係る平均負債残高が当該事業年度の当該内国法人に係る国外支配株主等の資本持分の三倍に相当する金額を超えるときは、当該内国法人が当該事業年度において当該国外支配株主等及び資金供与者等に支払う負債の利子等の額のうち、その超える部分に対応するものとして政令で定めるところにより計算した金額は、当該内国法人の当該事業年度の所得の金額（法人税法第百二条第一項第一号に規定する所得の金額を含む。）の計算上、損金の額に算入しない。ただし、当該内国法人の当該事業年度の総負債（負債の利子等の支払の基因となるものに限る。次項及び第三項において同じ。）に係る平均負債残高が当該内国法人の自己資本の額の三倍に相当する金額以下となる場合は、この限りでない。 - 日本法令外国語訳データベースシステム

(3) With regard to the application of the provision of paragraph (1) in the case where a specified foreign subsidiary company, etc. related to a domestic corporation listed in each item of paragraph (1) (excluding a company engaged in, as its principal business, the holding of shares (including capital contributions) or bonds, the provision of industrial property rights or any other rights concerning technology, production methods involving special technology or any other equivalent rights or methods (including the right to use these rights) or copyrights (including rights of publication, neighboring rights and any other equivalent rights) or the lending of vessels or aircrafts) has an office, store, factory or any other fixed facility that is considered to be necessary for conducting its principal business in the state or territory where its head office or principal office is located, and takes charge of managing, controlling and operating the business by itself (referred to as the "case where a specified foreign subsidiary company, etc. has a fixed facility" in the next paragraph), the phrase "amount that is adjusted" in the said paragraph shall be deemed to be replaced with "amount that is adjusted,..., after deducting therefrom the amount equivalent to ten percent of the amount of expense specified by a Cabinet Order as a personnel expense for people engaged in the business at the said specified foreign subsidiary, etc." 例文帳に追加

３　第一項各号に掲げる内国法人に係る特定外国子会社等（株式（出資を含む。）若しくは債券の保有、工業所有権その他の技術に関する権利、特別の技術による生産方式若しくはこれらに準ずるもの（これらの権利に関する使用権を含む。）若しくは著作権（出版権及び著作隣接権その他これに準ずるものを含む。）の提供又は船舶若しくは航空機の貸付けを主たる事業とするものを除く。）がその本店又は主たる事務所の所在する国又は地域においてその主たる事業を行うに必要と認められる事務所、店舗、工場その他の固定施設を有し、かつ、その事業の管理、支配及び運営を自ら行つているものである場合（次項において「固定施設を有するものである場合」という。）における第一項の規定の適用については、同項中「調整を加えた金額」とあるのは、「調整を加えた金額から当該特定外国子会社等の事業に従事する者の人件費として政令で定める費用の額の百分の十に相当する金額を控除した金額」とする。 - 日本法令外国語訳データベースシステム

(3) With regard to the application of the provision of paragraph (1) in the case where a specified foreign corporation related to a domestic corporation that is a specially-related shareholder, etc. (excluding a corporation engaged in, as its principal business, the holding of shares (including capital contributions) or bonds, the provision of industrial property rights or any other rights concerning technology, production methods involving special technology or any other equivalent rights or methods (including the right to use these rights) or copyrights (including rights of publication, neighboring rights and any other equivalent rights) or the lending of vessels or aircrafts) has an office, store, factory or any other fixed facility that is considered to be necessary for conducting its principal business in the state or territory where its head office or principal office is located, and takes charge of managing, controlling and operating the business by itself (referred to as the "case where a specified foreign corporation has a fixed facility" in the next paragraph), the phrase "amount that is adjusted" in the said paragraph shall be deemed to be replaced with "amount that is adjusted,..., after deducting therefrom the amount equivalent to ten percent of the amount of expense specified by a Cabinet Order as a personnel expense for people engaged in the business at the said specified foreign corporation." 例文帳に追加

３　特殊関係株主等である内国法人に係る特定外国法人（株式（出資を含む。）若しくは債券の保有、工業所有権その他の技術に関する権利、特別の技術による生産方式若しくはこれらに準ずるもの（これらの権利に関する使用権を含む。）若しくは著作権（出版権及び著作隣接権その他これに準ずるものを含む。）の提供又は船舶若しくは航空機の貸付けを主たる事業とするものを除く。）がその本店又は主たる事務所の所在する国又は地域においてその主たる事業を行うに必要と認められる事務所、店舗、工場その他の固定施設を有し、かつ、その事業の管理、支配及び運営を自ら行つているものである場合（次項において「固定施設を有するものである場合」という。）における第一項の規定の適用については、同項中「調整を加えた金額」とあるのは、「調整を加えた金額から当該特定外国法人の事業に従事する者の人件費として政令で定める費用の額の百分の十に相当する金額を控除した金額」とする。 - 日本法令外国語訳データベースシステム

Article 68-89 (1) Where a consolidated corporation pays, in each consolidated business year beginning on or after April 1, 2002, interest on liabilities, etc. to a foreign controlling shareholder, etc. or fund provider, etc. that is related to the said consolidated corporation, and the average balance of liabilities regarding the liabilities owed, for the relevant consolidated business year, to the foreign controlling shareholder, etc. and the fund provider, etc. that are related to the said consolidated corporation, exceeds threefold the amount of equity interest held by the foreign controlling shareholder, etc. related to the said consolidated corporation for the relevant consolidated business year, the amount calculated pursuant to the method specified by a Cabinet Order as such excess in the amount of interest on liabilities, etc. payable by the said consolidated corporation to the said foreign controlling shareholder, etc. and fund provider, etc. in the relevant consolidated business year shall not be included in the amount of deductible expense in the calculation of the amount of consolidated income of the said consolidated corporation for the relevant consolidated business year; provided, however, that this shall not apply where the average balance of liabilities regarding the total liabilities of the said consolidated corporation for the relevant consolidated business year (limited to those which can be the cause of payment of interest on liabilities, etc.; the same shall apply in the next paragraph and paragraph (3)) is not more than threefold the amount of equity capital of the said consolidated corporation. 例文帳に追加

第六十八条の八十九　連結法人が、平成十四年四月一日以後に開始する各連結事業年度において、当該連結法人に係る国外支配株主等又は資金供与者等に負債の利子等を支払う場合において、当該連結事業年度の当該連結法人に係る国外支配株主等及び資金供与者等に対する負債に係る平均負債残高が当該連結事業年度の当該連結法人に係る国外支配株主等の資本持分の三倍に相当する金額を超えるときは、当該連結法人が当該連結事業年度において当該国外支配株主等及び資金供与者等に支払う負債の利子等の額のうち、その超える部分に対応するものとして政令で定めるところにより計算した金額は、当該連結法人の当該連結事業年度の連結所得の金額の計算上、損金の額に算入しない。ただし、当該連結法人の当該連結事業年度の総負債（負債の利子等の支払の基因となるものに限る。次項及び第三項において同じ。）に係る平均負債残高が当該連結法人の自己資本の額の三倍に相当する金額以下となる場合は、この限りでない。 - 日本法令外国語訳データベースシステム

(3) With regard to the application of the provision of paragraph (1) in the case where a specified foreign subsidiary company, etc. related to a consolidated corporation listed in each item of paragraph (1) (excluding a company engaged in, as its principal business, the holding of shares (including capital contributions) or bonds, the provision of industrial property rights or any other rights concerning technology, production methods involving special technology or any other equivalent rights or methods (including the right to use these rights) or copyrights (including rights of publication, neighboring rights and any other equivalent rights) or the lending of vessels or aircrafts) has an office, store, factory or any other fixed facility that is considered to be necessary for conducting its principal business in the state or territory where its head office or principal office is located, and takes charge of managing, controlling and operating the business by itself (referred to as the "case where a specified foreign subsidiary company, etc. has a fixed facility" in the next paragraph), the phrase "amount that is adjusted" in the said paragraph shall be deemed to be replaced with "amount that is adjusted,..., after deducting therefrom the amount equivalent to ten percent of the amount of expense specified by a Cabinet Order as a personnel expense for people engaged in the business at the said specified foreign subsidiary, etc." 例文帳に追加

３　第一項各号に掲げる連結法人に係る特定外国子会社等（株式（出資を含む。）若しくは債券の保有、工業所有権その他の技術に関する権利、特別の技術による生産方式若しくはこれらに準ずるもの（これらの権利に関する使用権を含む。）若しくは著作権（出版権及び著作隣接権その他これに準ずるものを含む。）の提供又は船舶若しくは航空機の貸付けを主たる事業とするものを除く。）がその本店又は主たる事務所の所在する国又は地域においてその主たる事業を行うに必要と認められる事務所、店舗、工場その他の固定施設を有し、かつ、その事業の管理、支配及び運営を自ら行つているものである場合（次項において「固定施設を有するものである場合」という。）における第一項の規定の適用については、同項中「調整を加えた金額」とあるのは、「調整を加えた金額から当該特定外国子会社等の事業に従事する者の人件費として政令で定める費用の額の百分の十に相当する金額を控除した金額」とする。 - 日本法令外国語訳データベースシステム

(3) With regard to the application of the provision of paragraph (1) in the case where a specified foreign corporation related to a consolidated corporation that is a specially-related shareholder, etc. (excluding a corporation engaged in, as its principal business, the holding of shares (including capital contributions) or bonds, the provision of industrial property rights or any other rights concerning technology, production methods involving special technology or any other equivalent rights or methods (including the right to use these rights) or copyrights (including rights of publication, neighboring rights and any other equivalent rights) or the lending of vessels or aircrafts) has an office, store, factory or any other fixed facility that is considered to be necessary for conducting its principal business in the state or territory where its head office or principal office is located, and takes charge of managing, controlling and operating the business by itself (referred to in the next paragraph as the "case where a specified foreign corporation has a fixed facility"), the phrase "amount that is adjusted" in the said paragraph shall be deemed to be replaced with "amount that is adjusted,..., after deducting therefrom the amount equivalent to ten percent of the amount of expense specified by a Cabinet Order as a personnel expense for people engaged in the business at the said specified foreign corporation." 例文帳に追加

３　特殊関係株主等である連結法人に係る特定外国法人（株式（出資を含む。）若しくは債券の保有、工業所有権その他の技術に関する権利、特別の技術による生産方式若しくはこれらに準ずるもの（これらの権利に関する使用権を含む。）若しくは著作権（出版権及び著作隣接権その他これに準ずるものを含む。）の提供又は船舶若しくは航空機の貸付けを主たる事業とするものを除く。）がその本店又は主たる事務所の所在する国又は地域においてその主たる事業を行うに必要と認められる事務所、店舗、工場その他の固定施設を有し、かつ、その事業の管理、支配及び運営を自ら行つているものである場合（次項において「固定施設を有するものである場合」という。）における第一項の規定の適用については、同項中「調整を加えた金額」とあるのは、「調整を加えた金額から当該特定外国法人の事業に従事する者の人件費として政令で定める費用の額の百分の十に相当する金額を控除した金額」とする。 - 日本法令外国語訳データベースシステム

(i) Where the amount of a dividend, etc. that the said specified foreign subsidiary company, etc. receives from any other specified foreign subsidiary company, etc. related to the said domestic corporation (including a specified foreign subsidiary company, etc. prescribed in Article 68-90(1) of the Act; hereinafter referred to as the "other specified foreign subsidiary company, etc." in this paragraph) in the relevant business year does not exceed the amount of a dividend payable corresponding to the capital contributions of the said specified foreign subsidiary company, etc. out of the total amount of a dividend payable by the said other specified foreign subsidiary company, etc. in the business year including the base date for paying the said dividend, etc. (hereinafter referred to as the "base business year" in this paragraph) and the said base business year is the business year during which the taxable retained income prescribed in Article 66-6(1) of the Act (hereinafter referred to as the "taxable retained income" in this Section) or individually taxable retained income prescribed in Article 68-90(1) of the Act (hereinafter referred to as the "individually taxable retained income" in this Section) arises: The amount of the said dividend, etc. 例文帳に追加

一　当該特定外国子会社等が当該各事業年度において当該内国法人に係る他の特定外国子会社等（法第六十八条の九十第一項に規定する特定外国子会社等を含む。以下この項において「他の特定外国子会社等」という。）から受ける配当等の額が当該他の特定外国子会社等の当該配当等の額の支払に係る基準日の属する事業年度（以下この項において「基準事業年度」という。）の配当可能金額のうち当該特定外国子会社等の出資対応配当可能金額を超えない場合であつて、当該基準事業年度が法第六十六条の六第一項に規定する課税対象留保金額（以下この節において「課税対象留保金額」という。）又は法第六十八条の九十第一項に規定する個別課税対象留保金額（以下この節において「個別課税対象留保金額」という。）の生ずる事業年度である場合　当該配当等の額 - 日本法令外国語訳データベースシステム

(i) Where the amount of a dividend, etc. that the said specified foreign subsidiary company, etc. receives from any other specified foreign subsidiary company, etc. related to the said consolidated corporation (including a specified foreign subsidiary company, etc. prescribed in Article 66-6(1) of the Act; hereinafter referred to as the "other specified foreign subsidiary company, etc." in this paragraph) in the relevant business year does not exceed the amount of a dividend payable corresponding to the capital contributions by the said specified foreign subsidiary company, etc. out of the total amount of a dividend payable by the said other specified foreign subsidiary company, etc. in the business year including the base date for paying the said dividend, etc. (hereinafter referred to as the "base business year" in this paragraph) and the said base business year is the business year during which the individually taxable retained income prescribed in Article 68-90(1) of the Act (hereinafter referred to as the "individually taxable retained income" in this Section) or taxable retained income prescribed in Article 66-6(1) of the Act (hereinafter referred to as the "taxable retained income" in this Section) arises: The amount of the said dividend, etc. 例文帳に追加

一　当該特定外国子会社等が当該各事業年度において当該連結法人に係る他の特定外国子会社等（法第六十六条の六第一項に規定する特定外国子会社等を含む。以下この項において「他の特定外国子会社等」という。）から受ける配当等の額が当該他の特定外国子会社等の当該配当等の額の支払に係る基準日の属する事業年度（以下この項において「基準事業年度」という。）の配当可能金額のうち当該特定外国子会社等の出資対応配当可能金額を超えない場合であつて、当該基準事業年度が法第六十八条の九十第一項に規定する個別課税対象留保金額（以下この節において「個別課税対象留保金額」という。）又は法第六十六条の六第一項に規定する課税対象留保金額（以下この節において「課税対象留保金額」という。）の生ずる事業年度である場合　当該配当等の額 - 日本法令外国語訳データベースシステム

viii) Among acts committed based on the conclusion of a contract pertaining to capital transactions (excluding those pertaining to money exchange business prescribed in Article 22-3 of the Act), acts of receiving or paying cash, bearer checks (meaning checks drawn as bearer checks listed in Article 5, paragraph (1), item (iii) of the Checks Act (Act No. 57 of 1933) or checks deemed to be bearer checks pursuant to the provision of paragraph (2) or (3) of the said Article; hereinafter the same shall apply in this item), bank cashiers checks (meaning checks drawn to self pursuant to the provision of Article 6, paragraph (3) of the said act; hereinafter the same shall apply in this item), traveler's checks, or certificates or interest coupons of public and corporate bonds not bearing the owner's name (meaning public and corporate bonds listed in Article 2, paragraph (1), item (ix) of the Income Tax Act), of which the amount exceeds that equivalent to two million yen (for bearer checks and bank cashiers checks, limited to those without crossing prescribed in Article 37, paragraph (1) of the Checks Act 例文帳に追加

八　資本取引に係る契約の締結（法第二十二条の三に規定する両替業務に係るものを除く。）に基づいて行われる行為のうち、現金、持参人払式小切手（小切手法（昭和八年法律第五十七号）第五条第一項第三号に掲げる持参人払式として振り出された小切手又は同条第二項若しくは第三項の規定により持参人払式小切手とみなされる小切手をいう。以下この号において同じ。）、自己宛小切手（同法第六条第三項の規定により自己宛に振り出された小切手をいう。以下この号において同じ。）、旅行小切手又は無記名の公社債（所得税法（昭和四十年法律第三十三号）第二条第一項第九号に掲げる公社債をいう。）の本券若しくは利札の受払いをする行為であつて、その金額が二百万円に相当する額を超えるもの（持参人払式小切手及び自己宛小切手にあつては、小切手法第三十七条第一項に規定する線引がないものに限る。） - 日本法令外国語訳データベースシステム

Article 13 (1) The total amount of granting of credit, etc. (hereinafter in this Article referring to those specified by a Cabinet Order) by a Bank to one person (including other persons who has a special relationship specified by a Cabinet Order with that person; hereinafter the same shall apply in this Article) shall not exceed the amount obtained by multiplying the amount of the Bank's equity capital by the ratio specified by a Cabinet Order for each category provided therein (the amount thus calculated shall be referred to as the "Limit of Granting of Credit, etc." in this Article); provided, however, that this shall not apply to the cases where the Prime Minister has given the approval in the cases where the total amount of granting of credit, etc. by a Bank to one person exceeds the Limit of Granting of Credit, etc. as a result of a Merger, of Joint Incorporation-Type Split (meaning an Incorporation-Type Split that two or more stock companies or limited liability companies effect jointly; the same shall apply in Articles 16-3(4)(iv) and 52-22(1)) or absorption-type split or of transfer of another person's business by a person who takes granting of credit, etc. 例文帳に追加

第十三条　銀行の同一人（当該同一人と政令で定める特殊の関係のある者を含む。以下この条において同じ。）に対する信用の供与等（信用の供与、又は出資として政令で定めるものをいう。以下この条において同じ。）の額は、政令で定める区分ごとに、当該銀行の自己資本の額に政令で定める率を乗じて得た額（以下この条において「信用供与等限度額」という。）を超えてはならない。ただし、信用の供与等を受けている者が合併をし、共同新設分割（二以上の株式会社又は合同会社が共同してする新設分割をいう。第十六条の三第四項第四号及び第五十二条の二十二第一項において同じ。）若しくは吸収分割をし、又は事業を譲り受けたことにより銀行の同一人に対する信用の供与等の額が信用供与等限度額を超えることとなる場合その他政令で定めるやむを得ない理由がある場合において、内閣総理大臣の承認を受けたときは、この限りでない。 - 日本法令外国語訳データベースシステム

The subject of the financial regulatory reforms has already been a significant discussion topic in the past as well. I heard that during the Financial Ministers and Central Bank Governors meeting held from October 22 to 23 in Gyeongju, the proposed capital adequacy requirement for banks and a new liquidity framework, which were drawn up in a recent meeting of the Group of Governors and Heads of Supervision, were welcomed along with the commitment to having them come into full force by the prescribed due date, and an endorsement was given to the policy framework, work processes and timelines proposed by the Basel Committee on Banking, one of the subordinate organs of the Financial Stability Board, with respect to the issue of addressing systematically important financial institutions (SIFIs) that you have just raised. The meeting accordingly agreed to give priority to this initiative as an agenda item of the G20 Summit. In that sense, implementing international financial regulatory reforms will contribute to an enhanced financial system and improved soundness of financial institutions in the medium to long term. In the meantime, it is also extremely important to, among other things, make the set of requirements a well-balanced one that fully takes into account differences between countries in terms of the actual operation of their financial systems and to implement it over time by, for instance, allowing an ample planning time in adequate consideration of any impact on the real economy - this is also an approach that Japan applies in attending the ongoing Summit meeting. 例文帳に追加

金融規制改革に関しましては、以前にも大きな話題になりました10月22日から23日は慶州でありました財務大臣・中央銀行総裁会議において、先般の中央銀行総裁・銀行監督当局長官との会合で作成された銀行の自己資本、それから流動性の新たな枠組みを歓迎し、期限内に完全に実施することにコミットすること、また今お話がございましたシステム上重要な金融機関（SIFIs）については、FSB（金融安定理事会）、この下部機関の一つにバーゼル銀行監督委員会がありますが、これが提案する政策の枠組み及び作業手順及び日程を承認することを聞いておりまして、G20サミットの議題として、そのことを優先することを合意したところでございまして、そういった意味で国際的な金融規制の改革については、中長期的に金融システムの強化及び金融機関の健全性の向上に資するものとなる一方、各国の金融システムの実情の違いを十分に踏まえたバランスのとれたものにすること、実体経済への影響に十分配慮し、十分な計画期間を設けるなど、時間をかけて実施していくことなどが極めて重要であり、今回のサミットにおいてもこうした姿勢で臨んでいます。 - 金融庁

From around noon today, I am scheduled to receive a briefing from the FSA staff on the double loan problem. Numerous questions have been asked about the double loan problem at the Budget Committee and I have replied to some of them. Forgive me for mentioning this over and over again, but basically, the FSA is responsible for inspecting and supervising private financial institutions. In principle, the financial source of private financial institutions is deposits entrusted by individuals - savings in the case of Japan Post Bank - and those funds must be repaid with interest in principle. Therefore, we will use the Act on Special Measures for Strengthening Financial Functions to increase capital. Under the Act on Special Measures for Strengthening Financial Functions, we will not pursue the responsibility of managers nor will we demand the setting of efficiency targets. As this is a once-in-a-millennium tsunami, the government needs to do its utmost to appropriately deal with it, rather than pursuing the responsibility of managers. In that sense, financial institutions should take appropriate actions in the Tohoku region. 例文帳に追加

今日昼から、その二重ローンの話を、実は事務局から話を受けるようになっていますが、これは何度も私が申し上げましたように、二重ローンの問題、二重債務の問題、これは何回も予算委員会で質問をいただきまして、私も答弁させていただきましたが、繰り返しになって恐縮ですけれども、金融庁といたしましては、基本的に民間金融機関の検査・監督でございまして、民間金融機関というのは、原則としてお人様から預かった預金が原資でございまして、あるいは、ゆうちょ銀行であれば貯金でございますが、これに当然一定の利子をつけてお返しするというのが原理・原則でございますから、できるだけ、この金融機能強化法によって自己資本を増すと。そのために、経営者の努力の瑕疵は問わないと、あるいは色々な効率性・能率性の努力目標は求めないということが金融機能強化法でございますが、これは千年に一遍の津波でございますから、経営者の責任というよりも、国家を挙げてきちっと対処することが必要でございます。私はそういった意味で、きちっと金融機関が東北地方は対処すべきだというふうに思っています。 - 金融庁

Also, an agreement on Basel III is to be shaped in the upcoming Seoul Summit in November 2010. In the lead up to the Summit, the question of what to do with the quantitative and qualitative capital enhancement targets of international banks has become a major topic of discussion on an international scale. Substantial progress is being made to reach an agreement on this topic. In regards to liquidity regulations on, for example, how much leverage is allowed, nations are close to agreeing on the rough outline, although no consensus has been reached yet on the exact figures. The financial reform legislation, that is, the Dodd-Frank Act, was established in the United States in such a key moment. The detailed provisions and department and government ordinances are to be drafted in the days ahead. I believe I have been able to exchange opinions candidly on their macroeconomic impact and their effects on the financial intermediary functions, as well as the financial and economic climate. 例文帳に追加

また、今、バーゼルIIIが今度11月のソウルサミットでかなり合意に近いところまでに今なっておりますが、そういった時期を受けて、国際的な銀行における自己資本の質と量との強化の目標をどうするのかということが大きな国際的話題でございますが、これは大分話が煮詰まってきておりますし、また流動性規制につきましても、例えばレバレッジといいますか、どれくらいきかせるのか等々、具体的な数字にまでは至っておりませんけれども、かなりこれは大筋に近づいておりますので、そういったところにおいてアメリカの金融規制改革法、いわゆるドッド・フランクさんですね。（アメリカの法律の多くは）下院議員と上院議員の名前をつけるそうでございますが、ドッド・フランク法が成立いたしまして。今からご存じのように細部、省令、政令をつくるということでございましたが、こういったことがマクロ経済に与える影響、あるいは金融仲介機能に与える影響、それから金融・経済情勢について率直な意見の交換をすることができたというふうに思っております。 - 金融庁

A resident of a Contracting State is a qualified person for a taxable year only if such resident is either:(a) an individual; (b) a qualified governmental entity; (c) a company, if its principal class of shares is listed or registered on a recognised stock exchange specified in clause (i) or (ii) of subparagraph (c) of paragraph 8 and is regularly traded on one or more recognised stock exchanges; (d) a bank, an insurance company or a securities dealer that is established and regulated as such under the laws of the Contracting State of which it is a resident; (e) a person described in subparagraph (b) or (c) of paragraph 1 of Article 4, provided that in the case of a person described in subparagraph (b) of that paragraph as of the end of the prior taxable year more than 50 per cent of the person’s beneficiaries, members or participants are individuals who are residents of either Contracting State; or (f) a person other than an individual, if residents of either Contracting State that are qualified persons by reason of subparagraph (a), (b), (c), (d) or (e) of this paragraph own, directly or indirectly, shares or other beneficial interests representing at least 50 per cent of the capital or of the voting power of the person. 例文帳に追加

一方の締約国の居住者が次の(a)から(f)までに掲げる者のいずれかに該当する場合には、当該一方の締約国の居住者は、各課税年度において適格者とする。(a)個人(b)適格政府機関(c)法人（その主たる種類の株式が、８(c)(i)又は(ii)に規定する公認の有価証券市場に上場され、又は登録され、かつ、一又は二以上の公認の有価証券市場において通常取引されるものに限る。）(d)銀行、保険会社又は証券会社（その者が居住者とされる締約国の法令に基づいて設立され、かつ規制されるものに限る。）(e)第四条１(b)又は(c)に規定する者（同条１(b)に規定する者にあつては、当該課税年度の直前の課税年 度の終了の日においてその受益者、構成員又は参加者の五十パーセントを超えるものがいずれかの締約国の居住者である個人である年金基金又は年金計画に限る。）(f)個人以外の者（(a)から(e)までに掲げる適格者であるいずれかの締約国の居住者が、発行済株式その他の受益に関する持分又は議決権の五十パーセント以上に相当する株式その他の受益に関する持分を直接又は間接に所有する場合に限る。） - 財務省

Actions include: infrastructure investment (Brazil, India, Indonesia, Mexico, Saudi Arabia, South Africa); supporting research, education and skills development and eliminating tariffs on machinery and manufacturing inputs (Canada); reform of pricing for factors of production, promote market-based interest rate reform in an orderly manner and gradually achieve RMB capital account convertibility as stated in its current 5-year plan (China); structural reforms in the services sector to boost productivity (France, Germany, Italy, Korea); tax reform aimed at a more employment-friendly taxation (Germany, Italy); raising standards of disclosure of information by financial institutions (Russia); phasing out wasteful and distortive subsidies in the medium term, while providing targeted support for the poor (India, Indonesia); reforms to energy efficiency and greater use of renewable and domestic energy resources (Turkey), agriculture (Argentina); ; enhanced regional integration to promote trade and investment (South Africa); improved practices and enhanced oversight of the short-term financing markets and reforms to help promote a rise in household savings as a share of GDP (US); transitioning to a clean energy economy through effective carbon price mechanism (Australia) and, efforts to promote green growth (Korea). 例文帳に追加

行動には，インフラ投資（ブラジル，インド，インドネシア，メキシコ，サウジアラビア，南アフリカ），研究，教育及び職能開発の支援，及び，機械類と製造原料への関税の撤廃（カナダ），現在の5ヵ年計画に記載された，生産要素の価格形成における改革，市場に基づいた金利改革の秩序だった手法による促進，及び人民元の資本勘定自由化の漸進的な達成（中国），生産性を高めるためのサービス部門における構造改革（フランス，ドイツ，イタリア，韓国），より雇用に配慮した税体系を目指す税制改革（ドイツ，イタリア），金融機関の情報開示基準の向上（ロシア），貧困層へ対象を絞った支援を提供しつつ，無駄で市場歪曲的な補助金の中期的な縮小（インド，インドネシア），エネルギーの効率性と再生可能及び国内のエネルギー資源の利用拡大に向けた改革（トルコ），農業部門改革（アルゼンチン），貿易・投資促進のための地域統合の強化（南アフリカ），短期金融市場に係る慣行の改善及び監督の強化，並びに対GDP比の家計貯蓄率の増加の促進に資する改革（米国），効果的な炭素価格メカニズムを通じたクリーン・エネルギー経済への移行（オーストラリア），グリーンな成長を促進する取組（韓国）を含む。 - 財務省

Unlike in the case of share flotations, bonds are, like bank borrowing, liabilities ? they incur interest expenses, and the rise in the value of outstanding SME issues in the past few years has probably been prompted by factors such as the following: 1) Being able to raise comparatively long-term funds at fixed interest rates fixes the cost of raising funds for capital investment and other purposes, and so makes it easier to formulate investment and business plans. 2) Privately-placed bonds are placed and underwritten from an investor perspective, ensuring that only prime enterprises can issue bonds. Accordingly, issuing privately-placed bonds not only improves an SME’s image and strengthens its position when negotiating interest rates and loan terms with a financial institution, but can also contribute to improving creditworthiness as an enterprise, and assist in improving an enterprise’s appeal to business partners and attracting human resources. (Some prelisted enterprises issue privately-placed bonds to assist in investor relations.) 3) As they can charge fees for bond issues, financial institutions, too, are focusing on such issues as a means of increasing revenues from non-interest sources. 例文帳に追加

株式公開の場合と異なり、社債は銀行借入と同様に負債であり、金利支払い負担も生じるが、中小企業の社債発行額がここ数年増加しているのは、〔1〕固定金利で比較的長期の調達ができることから、設備投資等の資金調達コストが確定でき、投資計画・事業計画が立てやすくなる面があること、〔2〕私募債の受託・引受は、投資家としての視点から行われるため、発行可能な企業は優良企業に限られる。したがって、中小企業においては私募債を発行することにより企業イメージが向上し、金融機関との金利交渉、貸出条件交渉が有利になるだけでなく、企業としての信用力向上にも寄与し、取引先へのアピールや人材確保の面からもメリットがあると考えられること（株式公開前の企業では、IRの観点から私募債発行を行うこともある）、〔3〕金融機関においても、社債発行に係る手数料を徴求できることから、非金利収入の増加という観点から力を入れていること、等が勘案されているのではないだろうか。 - 経済産業省

Concretely, the following analyses and discussions are made in the White Paper. (1) In Chapter 1, the globalization of the economy, mainly by increased international capital movement, was described by surveying the trend in the international economy and analyzing the expansion of international current account imbalances, together with the new trend in petromoney caused by higher crude oil prices. (2) In Chapter 2, after surveying the dynamism of Asia, an analysis was made from multilayered points of view, including macro and micro perspectives on the formation of international business networks by Japanese companies, which are creating a “horizontal” Asia in terms of both division of labor and trade. Conditions in China and ASEAN, which have become important business partners in the process of the formation of international business networks, were also analyzed. (3) Based upon the results of these researches and analyses, in Chapter 3, discussions were made about four issues: promoting the improvement of the international business environment through the liberalization, harmonization and stabilization of fields for corporate activities; shortening “business cost distance” between business bases; expanding inward direct investment in Japan which will be accompanied by improved productivity, and realizing an “investment powerhouse” through fostering and utilizing human resources with a “dual-track” structure.例文帳に追加

具体的には、①　第１章において、国際経済の動向を概観した上で、国際的な経常収支不均衡の拡大や原油価格上昇に伴う新たなオイルマネーの動向の分析等を通じて、国際資本移動の活発化を中心とした経済のグローバル化の姿を描き、②　第２章において、アジアのダイナミズムを概観した上で、日本企業による国際事業ネットワーク形成が分業面・貿易面において、いわば「水平的」なアジアを創出しつつある状況をミクロからマクロにわたる複層的な視点から分析するとともに、国際事業ネットワーク形成に際して重要な進出先となっている中国とASEANの状況を分析し、③　第３章において、以上の調査分析を踏まえて、企業活動の場（フィールド）の自由化・調和・安定化と事業拠点間を結ぶ「ビジネスコスト距離」の短縮等を通じた国際事業環境整備の推進、生産性向上を伴う我が国への対内直接投資の拡大、人的資本の育成・活用、「複線的」構造に立脚した「投資立国」の実現、という４つの取組について論じた。 - 経済産業省

(2) The provisions of Article 33 (excluding paragraph (11)(ii)), Article 52, Article 212 (excluding paragraph (1)(i)) and Article 578 of the Companies Act shall apply mutatis mutandis to a person who intends to become a partner of a limited liability audit corporation. In this case, the phrase "the matters listed in each item of Article 28" in Article 33(1) of the Companies Act shall be deemed to be replaced with "that property other than money may be made the object of capital contribution," the term "Article 30(1)" in the same paragraph shall be deemed to be replaced with "Article 30(1) as applied mutatis mutandis pursuant to Article 34-7(2) of the Certified Public Accountants Act," the term "Ordinance of the Ministry of Justice" in paragraph (4), paragraph (6) and paragraph (10)(ii) of the same Article shall be deemed to be replaced with "Cabinet Office Ordinance," the phrase "matters listed in each item of Article 28" in paragraph (7) and paragraph (8) of the same Article shall be deemed to be replaced with "the value of property other than money," the phrase "under Item 1 and Item 2 of Article 28" in paragraph (10)(i) of the same Article shall be deemed to be replaced with "other than money," the phrase "Matters listed in Item 1 and Item 2 of such Article" in the same item shall be deemed to be replaced with "The value of said property other than money," the phrase "Matters listed in Item 1 and Item 2 of Article 28 with respect to" in item (ii) of the same paragraph shall be deemed to be replaced with "The value of," the phrase "Matters listed in Item 1 and Item 2 of Article 28" in item (iii) of the same paragraph shall be deemed to be replaced with "The value of said property other than money," the term "An incorporator" in paragraph (11)(i) of the same Article shall be deemed to be replaced with "A person who intends to become a partner of a limited liability audit corporation," the phrase "A Director at Incorporation (referring to a Director at Incorporation prescribed in Article 38(1)) or an Auditor at Incorporation (referring to an Auditor at Incorporation prescribed in Paragraph 2(ii) of such Article)" in item (iii) of the same paragraph shall be deemed to be replaced with "A partner of a limited liability audit corporation," the phrase "the value of the Properties Contributed in Kind at formation of a Stock Company is substantially short of the value specified or recorded in the articles of incorporation with respect to such Properties Contributed in Kind" in Article 52(1) of the same Act shall be deemed to be replaced with "the value of the property other than money that has been made the object of capital contribution is substantially short of the value specified or recorded in the articles of incorporation with respect to such property other than money," the term "Directors at Incorporation" in the same paragraph and paragraph (2) of the same Article shall be deemed to be replaced with "partners of the limited liability audit corporation," the term "Properties Contributed in Kind" in the same paragraph shall be deemed to be replaced with "property other than money," the phrase "matters listed in Item 1 or Item 2 of Article 28" in item (i) of the same paragraph shall be deemed to be replaced with "property other than money," the term "Article 33(10)(iii)" in paragraph (3) of the same Article shall be deemed to be replaced with "Article 33(10)(iii) as applied mutatis mutandis pursuant to Article 34-23(2) of the Certified Public Accountants Act," the term "Properties Contributed in Kind" in Article 212 of the same Act shall be deemed to be replaced with "property other than money," the phrase "a shareholder of the Shares for Subscription pursuant to the provisions of Article 209" in paragraph (1)(ii) of the same Article shall be deemed to be replaced with "partner," the phrase "provided for under Article 199(1)(iii)" in the same item shall be deemed to be replaced with "of property other than money," the phrase "prescribed under Article 199(1)(iii)" in paragraph (2) of the same Article shall be deemed to be replaced with "of property other than money," the phrase "his/her application for subscription for Shares for Subscription or his/her manifestation of intention relating to the contract provided for in Article 205" in the same paragraph shall be deemed to be replaced with "his/her capital contribution" and the phrase "In cases where a Membership Company to be incorporated is a Limited Liability Company" in Article 578 of the same Act shall be deemed to be replaced with "In the case of incorporating a limited liability audit corporation," and any other necessary technical replacement of terms shall be specified by Cabinet Order. 例文帳に追加

２　会社法第三十三条（第十一項第二号を除く。）、第五十二条、第二百十二条（第一項第一号を除く。）及び第五百七十八条の規定は、有限責任監査法人の社員になろうとする者について準用する。この場合において、同法第三十三条第一項中「第二十八条各号に掲げる事項についての」とあるのは「金銭以外の財産を出資の目的とする」と、「第三十条第一項」とあるのは「公認会計士法第三十四条の七第二項において準用する第三十条第一項」と、同条第四項、第六項及び第十項第二号中「法務省令」とあるのは「内閣府令」と、同条第七項及び第八項中「第二十八条各号に掲げる事項」とあるのは「金銭以外の財産の価額」と、同条第十項第一号中「第二十八条第一号及び第二号」とあるのは「金銭以外」と、「同条第一号及び第二号に掲げる事項」とあるのは「当該金銭以外の財産の価額」と、同項第二号中「第二十八条第一号又は第二号に掲げる事項」とあるのは「価額」と、同項第三号中「第二十八条第一号又は第二号に掲げる事項」とあるのは「当該金銭以外の財産の価額」と、同条第十一項第一号中「発起人」とあるのは「有限責任監査法人の社員になろうとする者」と、同項第三号中「設立時取締役（第三十八条第一項に規定する設立時取締役をいう。）又は設立時監査役（同条第二項第二号に規定する設立時監査役をいう。）」とあるのは「有限責任監査法人の社員」と、同法第五十二条第一項中「現物出資財産等の価額が当該現物出資財産等」とあるのは「出資の目的とされた金銭以外の財産の価額が当該金銭以外の財産」と、同項及び同条第二項中「設立時取締役」とあるのは「有限責任監査法人の社員」と、同項中「現物出資財産等」とあるのは「金銭以外の財産」と、同項第一号中「第二十八条第一号又は第二号に掲げる事項」とあるのは「金銭以外の財産」と、同条第三項中「第三十三条第十項第三号」とあるのは「公認会計士法第三十四条の二十三第二項において準用する第三十三条第十項第三号」と、同法第二百十二条中「現物出資財産」とあるのは「金銭以外の財産」と、同条第一項第二号中「第二百九条の規定により募集株式の株主」とあるのは「社員」と、「第百九十九条第一項第三号」とあるのは「金銭以外の財産」と、同条第二項中「第百九十九条第一項第三号」とあるのは「金銭以外の財産」と、「募集株式の引受けの申込み又は第二百五条の契約に係る意思表示」とあるのは「出資」と、同法第五百七十八条中「設立しようとする持分会社が合同会社である場合」とあるのは「有限責任監査法人を設立しようとする場合」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。 - 日本法令外国語訳データベースシステム

Article 40-10 (1) Where, between a specially-related shareholder, etc. (meaning a person who falls under the category of specified shareholder, etc. as well as an individual and a corporation having a special relationship therewith as specified by a Cabinet Order; hereinafter the same shall apply in this Subsection) and a specially-related domestic corporation, there is a relationship specified by a Cabinet Order as a relationship whereby the said specially-related shareholder, etc. indirectly holds shares, etc. (meaning shares or capital contributions; hereinafter the same shall apply in this paragraph and the next paragraph) that accounts for 80 percent or more of the total number or total amount of issued shares of or capital contributions to the said specially-related domestic corporation (excluding the shares or capital contributions held by the corporation; hereinafter referred to in this paragraph and the next paragraph as "issued shares, etc.") (such relationship referred to in the next paragraph as a "specified relationship"), and a foreign corporation specified by a Cabinet Order as acting as an intermediary between the said specially-related shareholder, etc. and the said specially-related domestic corporation by way of the holding of the issued shares, etc. (hereinafter referred to in this Subsection as an "affiliated foreign corporation"), which falls under the category of affiliated foreign corporation specified by a Cabinet Order as a corporation whose tax burden to be imposed on its income earned in a state or territory where its head office or principal office is located is significantly lower than the tax burden to be imposed on the income of a corporation in Japan (hereinafter referred to in this Subsection as a "specified foreign corporation"), in each business year (meaning a business year prescribed in Article 2(2)(xix); hereinafter the same shall apply in this Article) beginning on or after October 1, 2007, retains as part of the amount of undistributed income, pursuant to the provision of a Cabinet Order, any amount that is adjusted, with respect to the said amount of undistributed income, based on the tax amount pertaining to the said amount of undistributed income and the amount of dividend of surplus, dividend of profit or distribution of surplus prescribed in Article 23(1)(i) of the Corporation Tax Act (hereinafter referred to in this paragraph as "dividend of surplus, etc.") (such adjusted amount hereinafter referred to in this Article as "eligible retained income"), the amount equivalent to the part of eligible retained income which is calculated pursuant to the method specified by a Cabinet Order as the amount of income corresponding to the number of shares, etc. of the said specified foreign corporation held by the resident who is the said specially-related shareholder, etc. through direct and/or indirect ownership, while taking into consideration the contents of the claim (meaning a claim to demand dividend of surplus, etc., distribution of property and any other economic benefit) vested in such shares, etc. (such part of eligible retained income referred to in the next Article as "taxable retained income") shall be deemed to be the income of the resident who is the said specially-related shareholder, etc. categorized as miscellaneous income, and included in his/her gross income in the calculation of the amount of his/her miscellaneous income for the year that includes the day on which two months have elapsed since the day following the last day of the relevant business year: 例文帳に追加

第四十条の十　特殊関係株主等（特定株主等に該当する者並びにこれらの者と政令で定める特殊の関係のある個人及び法人をいう。以下この款において同じ。）と特殊関係内国法人との間に当該特殊関係株主等が当該特殊関係内国法人の発行済株式又は出資（自己が有する自己の株式又は出資を除く。以下この項及び次項において「発行済株式等」という。）の総数又は総額の百分の八十以上の数又は金額の株式等（株式又は出資をいう。以下この項及び次項において同じ。）を間接に保有する関係として政令で定める関係（次項において「特定関係」という。）がある場合において、当該特殊関係株主等と特殊関係内国法人との間に発行済株式等の保有を通じて介在するものとして政令で定める外国法人（以下この款において「外国関係法人」という。）のうち、本店又は主たる事務所の所在する国又は地域におけるその所得に対して課される税の負担が本邦における法人の所得に対して課される税の負担に比して著しく低いものとして政令で定める外国関係法人に該当するもの（以下この款において「特定外国法人」という。）が、平成十九年十月一日以後に開始する各事業年度（第二条第二項第十九号に規定する事業年度をいう。以下この条において同じ。）において、その未処分所得の金額から留保したものとして、政令で定めるところにより、当該未処分所得の金額につき当該未処分所得の金額に係る税額及び法人税法第二十三条第一項第一号に規定する剰余金の配当、利益の配当又は剰余金の分配（以下この項において「剰余金の配当等」という。）の額に関する調整を加えた金額（以下この条において「適用対象留保金額」という。）を有するときは、その適用対象留保金額のうち当該特殊関係株主等である居住者の有する当該特定外国法人の直接及び間接保有の株式等の数に対応するものとしてその株式等の請求権（剰余金の配当等、財産の分配その他の経済的な利益の給付を請求する権利をいう。）の内容を勘案して政令で定めるところにより計算した金額（次条において「課税対象留保金額」という。）に相当する金額は、当該特殊関係株主等である居住者の雑所得に係る収入金額とみなして当該各事業年度終了の日の翌日から二月を経過する日の属する年分の当該居住者の雑所得の金額の計算上、総収入金額に算入する。 - 日本法令外国語訳データベースシステム

Article 66-9-6 (1) Where, between a specially-related shareholder, etc. (meaning a person who falls under the category of specified shareholder, etc. as well as an individual and a corporation having a special relationship therewith as specified by a Cabinet Order; hereinafter the same shall apply in this Subsection) and a specially-related domestic corporation, there is a relationship specified by a Cabinet Order as a relationship whereby the said specially-related shareholder, etc. indirectly holds shares, etc. (meaning shares or capital contributions; hereinafter the same shall apply in this paragraph and the next paragraph) that account for 80 percent or more of the total number or total amount of issued shares of or capital contributions to the said specially-related domestic corporation (excluding the shares or capital contributions held by the corporation; hereinafter referred to in this paragraph and the next paragraph as "issued shares, etc.") (such relationship referred to in the next paragraph as a "specified relationship"), and a foreign corporation specified by a Cabinet Order as acting as an intermediary between the said specially-related shareholder, etc. and the said specially-related domestic corporation by way of the holding of the issued shares, etc. (hereinafter referred to in this Subsection as an "affiliated foreign corporation"), which falls under the category of affiliated foreign corporation specified by a Cabinet Order as a corporation whose tax burden to be imposed on its income earned in a state or territory where its head office or principal office is located is significantly lower than the tax burden to be imposed on the income of a corporation in Japan (hereinafter referred to in this Subsection as a "specified foreign corporation"), in each business year beginning on or after October 1, 2007, retains as part of the amount of undistributed income, pursuant to the provision of a Cabinet Order, any amount that is adjusted, with respect to the said amount of undistributed income, based on the tax amount pertaining to the said amount of undistributed income and the amount of dividend of surplus, dividend of profit or distribution of surplus prescribed in Article 23(1)(i) of the Corporation Tax Act (hereinafter referred to in this paragraph as "dividend of surplus, etc.") (such adjusted amount hereinafter referred to in this Article as "eligible retained income"), the amount equivalent to the part of eligible retained income which is calculated pursuant to the method specified by a Cabinet Order as the amount of income corresponding to the number of shares, etc. of the said specified foreign corporation held by the domestic corporation that is the said specially-related shareholder, etc. through direct and/or indirect ownership, while taking into consideration the contents of the claim (meaning a claim to demand dividend of surplus, etc., distribution of property and any other economic benefit) vested in such shares, etc. (such part of eligible retained income hereinafter referred to in this Subsection as "taxable retained income") shall be deemed to be the amount of profit of the domestic corporation that is the said specially-related shareholder, etc., and included in its gross profit in the calculation of the amount of its income for the business year that includes the day on which two months have elapsed since the day following the last day of the relevant business year. 例文帳に追加

第六十六条の九の六　特殊関係株主等（特定株主等に該当する者並びにこれらの者と政令で定める特殊の関係のある個人及び法人をいう。以下この款において同じ。）と特殊関係内国法人との間に当該特殊関係株主等が当該特殊関係内国法人の発行済株式又は出資（自己が有する自己の株式又は出資を除く。以下この項及び次項において「発行済株式等」という。）の総数又は総額の百分の八十以上の数又は金額の株式等（株式又は出資をいう。以下この項及び次項において同じ。）を間接に保有する関係として政令で定める関係（次項において「特定関係」という。）がある場合において、当該特殊関係株主等と特殊関係内国法人との間に発行済株式等の保有を通じて介在するものとして政令で定める外国法人（以下この款において「外国関係法人」という。）のうち、本店又は主たる事務所の所在する国又は地域におけるその所得に対して課される税の負担が本邦における法人の所得に対して課される税の負担に比して著しく低いものとして政令で定める外国関係法人に該当するもの（以下この款において「特定外国法人」という。）が、平成十九年十月一日以後に開始する各事業年度において、その未処分所得の金額から留保したものとして、政令で定めるところにより、当該未処分所得の金額につき当該未処分所得の金額に係る税額及び法人税法第二十三条第一項第一号に規定する剰余金の配当、利益の配当又は剰余金の分配（以下この項において「剰余金の配当等」という。）の額に関する調整を加えた金額（以下この条において「適用対象留保金額」という。）を有するときは、その適用対象留保金額のうち当該特殊関係株主等である内国法人の有する当該特定外国法人の直接及び間接保有の株式等の数に対応するものとしてその株式等の請求権（剰余金の配当等、財産の分配その他の経済的な利益の給付を請求する権利をいう。）の内容を勘案して政令で定めるところにより計算した金額（以下この款において「課税対象留保金額」という。）に相当する金額は、当該特殊関係株主等である内国法人の収益の額とみなして当該各事業年度終了の日の翌日から二月を経過する日を含む当該内国法人の各事業年度の所得の金額の計算上、益金の額に算入する。 - 日本法令外国語訳データベースシステム