世銀注視貨幣寬鬆政策緩和的影響

Last month the NHK News on-line reported the following:

世銀総裁 緩和縮小の影響注視
6月26日 8時53分

発展途上国の開発などを支援している世界銀行のキム総裁は、アメリカの中央銀行に当たるＦＲＢ＝連邦準備制度理事会が、今の量的緩和を今後縮小した場合、金利の上昇などで途上国に悪い影響が及ぶことがないか注意深く見ながら支援を検討していく考えを示しました。

ＦＲＢのバーナンキ議長が、先週、景気の回復が順調に進めば市場に大量の資金を供給している今の量的緩和を年内に縮小する可能性を示したことをきっかけに、今後、資金の流れが弱まるという観測から、株価の値下がりや金利の上昇などの影響が世界に出ています。
これに関連して世界銀行のキム総裁は２５日、ワシントンでの講演後、記者団に、「一部の途上国にもすでに金利の上昇が見られ、量的緩和が縮小された場合にどのような影響が及ぶか、心配されている」と述べ、途上国などにも金利の上昇などが見られることに懸念を示しました。
そのうえでキム総裁は、金利の上昇はインフラ開発のための資金を借り入れる際の負担が重くなるなどと指摘し、「途上国が開発に必要な資金を確保できるよう世界銀行として対応しなければならない」と述べ、途上国に悪い影響が及ぶことがないか注意深く見ながら支援を検討していく考えを示しました。

(試譯文)

When the FRB Board of Governors of the Federal Reserve System asked the American central bank from now on to reduce the present quantitative easing, President Kim of the World Bank, which was supporting the developing countries etc., showed the idea of considering what bad influence could reach the developing countries when the interest rates rise etc., and would review their support while looking at the matter carefully,.

Last week Chair Bernanke of the FRB having shown a possibility of reducing the present quantitative easing of supplying a huge amount of fund to the market if recovery of business went smoothly before the year end. The influence would be a fall in price of stocks, and a rise in interest rates etc. The observation that had come out from was that the flow of fund to the world would become weaker from now on

On the 25^th, the World Bank President Kim in relation to this, after giving a talk in Washington, told the press corps that "The rise of interest rates is already seen by some developing countries, and when quantitative easing is reduced, there is a worry on what kind of influence would come out”, and showed concern for the developing country etc. over the observable rise of interest rates etc.

President Kim indicated that the burden at the time of a rise in interest rates was that to borrow the fund for infrastructure development would become heavy etc. He said "As the World Bank, you have to respond to it so that developing countries can secure the fund required for development", and to know whether there would be bad influence reaching the developing countries. He showed the idea to review his support, while looking at the matter carefully.

So, the world is expecting that the interest rate would rise.