I am paying particular attention to the changes in the economy's supply capacity.また、経済の供給面の拡大は潜在的な成長力の向上につながります。
Meanwhile, the expansion of the economy's supply capacity will strengthen the economy's growth potential.経済の供給をもっと急速に増やしたいと望んでいるわけで、これは新たな政策によって可能だ」と語った。
You want to have the supply of the economy increasing more rapidly and you can do that with new policies.”.経済の供給面の拡大について賃金・物価の改善が遅れている理由として、いくつかの点を指摘しました。
Expansion of the Economy's Supply Capacity I have pointed out various factors behind the delay in improvements in wages and prices.労働力率や労働生産性の改善といった経済の供給面の拡大が、足もと、賃金・物価の上昇圧力を緩和する方向に作用している。
Expansion in the economy's supply capacity, such as improvements in the labor force participation rate and labor productivity, has been easing upward pressure on wages and prices recently.Combinations with other parts of speech
経済の供給面の変化と金融政策運営について先ほど、物価の上昇が遅れている背景について、経済の供給面の拡大にかかる要因を採り上げました。
Changes in the Economy's Supply Capacity and Conduct of Monetary Policy I have mentioned factors associated with the expansion of the economy's supply capacity as the causes of the delay in growth in prices.経済の供給面の変化と金融政策運営についてこれまで、賃金・物価の上昇が遅れている背景として、経済の供給面の拡大にかかるいくつかの要因に触れました。
Changes in the Economy's Supply Capacity and Conduct of Monetary Policy So far, I have mentioned several factors associated with the expansion of the economy's supply capacity as the causes of the delay in growth in wages and prices.日本では、1990年代以降、長期に亘る需要不足とデフレの下で経済の供給面に様々な変化が生じてきました。
In Japan, various changes have taken place in the economy's supply capacity since the 1990s due to deficient demand and deflation that have lasted for a protracted period.これまで家事・育児に専念していた人々が新たに労働参加すれば、経済の供給力を高めるとともに、世帯の所得を追加的に増やすことになります。
If people who previously had concentrated on household chores and child rearing join the labor force,they will increase the economy's supply capacity, bringing additional income to households.換言すれば、経済の供給面の拡大は、短期的に物価・賃金の上昇を遅らせることはあっても、それを長期に亘り止めることにはならないと考えています。
In other words, although an expansion of the economy's supply capacity may delay rises in wages and prices, I do not think that it will hold them back for any protracted period.改めて整理すると、労働供給の増加や企業の生産性向上に向けた取り組みといった経済の供給面の拡大が主な要因の一つだと考えています。
To summarize,I consider one of the major reasons behind the delay to be the expansion of the economy's supply capacity caused by an increase in the labor supply and by firms' efforts toward increasing productivity.経済の供給面の拡大は、短期的には賃金・物価の上昇圧力を緩和する方向に作用する一方、長期的には経済の成長力を高め、恒常所得の増加等を通じて賃金・物価の押し上げに寄与し得る。
Expansion in the economy's supply capacity, in the short run, reduces upward pressure on wages and prices; in the long run, however, it could raise the economy's growth potential and contribute to pushing up wages and prices, mainly through an increase in permanent income.このうちの一人の委員は、供給制約に直面した企業が生産性向上や能力増強投資に取り組んでいくことは、経済の供給面の拡大を後押しし、長期的な成長力の高まりに繋がっていくと述べた。
One of these members noted that efforts on the part of firms having faced supply-side constraints-- namely, to raise productivity and make investment aimed at increasing production capacity--would support an expansion in the economy's supply capacity, thereby raising its long-term growth potential.需要の増加が、企業の生産性向上に向けた取り組みや能力増強を企図した設備投資、労働力率の上昇等、経済の供給面の拡大を後押ししている。
An increase in demand has been supporting an expansion in the economy's supply capacity, such as through firms' efforts to raise productivity, business fixed investment with a view to expanding production capacity, and an increase in the labor force participation rate.
The second aspectis the impact of low interest rates on the supply side of the economy.住宅市場の機能不全も経済の供給側に打撃を与えました。
Malfunctioning housing markets also hit the supply side of the economy.まず、労働力の減少という経済の供給サイドのルートを通じて、成長率の下押し要因となります。
First, it will become a downside factor for economic growth via the economy's supply side-- namely, a decline in the labor force.高齢化の進展は、働き手の不足という点で経済の供給面から成長の制約要因となります。
Population aging will hamper growth from the supply side of the economy in that it will bring a shortage of workers.こうした経済の供給面での改善は、基本的には、政府や民間企業の取り組みによって実現されていくものです。
Basically, such improvements on the supply side of the economy are to be made through efforts by the government and firms.安倍首相の大きな賭けは、需要を促進することでデフレが終わるだけではなく、経済の供給サイドも持ち上げるということだ。
Abe's big bet is that boosting demand will not only end deflation,but lift the supply side of the economy too.日本経済が、今後、力強い成長を遂げるためには、経済の供給面や構造面に働きかけ、生産性を高めていく努力が不可欠です。
Efforts to enhance productivity by addressing the supply side structure of the economy are essential for Japan's economy to achieve strong growth.そのためには、技術導入の促進、あるいは、輸送や通信面でのインフラ整備など、経済の供給面を強化することが必要になる。
It is thus necessary to strengthen the supply side ofthe economy by promoting the introduction of new technology and by improvinginfrastructures such as transportation and telecommunications.以上、企業収益、労働需要や雇用・賃金、そして労働供給といった側面から、経済の供給サイドの改善の様子を改めて確認してきました。
Careful monitoring of such a possibility is required.3I have so far examined improvements on the supply side of the economy from the standpoint of aspects such as corporate profits, demand for labor, employment and wages, and labor supply.別のある委員は、経済の供給面の強化に向けた動きは、自然利子率の上昇を通じて現在の金融緩和政策の効果を強める方向に作用していくことも期待されると付け加えた。
A different member added that moves toward strengthening the supply side of the economy were also likely to strengthen the effectsof the current monetary easing policy through a rise in the natural rate of interest.経済の供給面の状況、とくに足許にかけての動きを把握するには、潜在成長率の推計値だけに依拠するのではなく、企業や家計の実態と総合してみることが重要と考えられます。
I consider that, in order to assess the supply conditions of the economy, particularly the recent ones, it is important not to solely rely on the estimates of the potential growth rate, but to make a comprehensive assessment taking into consideration the actual situation of firms and households.