ͺͣΌͶ
ݜڂഐܢ ऀճద՟ୌ͕Γ;ࡔෝ୴؏఼͖Δɾஏ๏෨Ͷ͕͜ Ζި௪γʖϑη࣯ͳߨαηφࡡݰΝಋ࣎Ͷ ୣͤΖ͞ͳͺɾਕݰঙ͕Γ;߶ྺԿఴ͗ஸ͢͏ ࠅ಼Ͷ͕͏ͱ٦ەࡨ՟ୌͳ͵ͮͱ͏Ζɽ ϠʖνϨκʖεϥϱఴͶ͏ɾஏ๏Ͷ͕͏ͱరಕ ͺ༁ 8 ׄɾώηͺؔࣆۂं༁ 7 ׄɾޮӨࣆۂं ༁ 9 ׄ͗࣊ܨӨͳ͵ͮͱ͏Ζ1ʥɽࡀࢋ࿑તݰส Ώक़ঘΞͲ͕Εɾώη࿑તͺ 2006 ೧͖Δ 2015 ೧Ή ͲͲ 16,107kmʤસର 3.9%ʥ͗ഉࢯ͠Ηͪɽ రಕΏώη࿑તഉࢯΏݰสͶΓΖेਫ਼Ͷଲ ͤΖӪڻଲԢͳ͢ͱɾ࣑ࣙରͺେώηɾαϝϣω τΡώηΏνέεʖɾυϜϱχώηɾυϜϱχܗ νέεʖӣߨΝึঁ͢ͱͪ͘ɽ͖͢͢͵͗Δɾ ͠ΗͪେώηΏαϝϣωτΡώηͺචͥ͢ޯ ྭͻ͖Εͳͺ͏͓ͥɾཤ༽ं͗͘ΚΌͱঙ͵͏ࣆྭ ଡ͏ɽ ీʤ2009ʥͺɾʰޮڠި௪Νෳࢳخ൭ͳͳΔ͓Ζ͵ஏ๏ޮڠި௪λʖεϡϩʀϱϏέφʀϚϱχ
Նͳӣ༽ηΫʖϞҌ
Possibility of Applying Social Impact Bonds and a Proposed Scheme for Public Transportation in
Sparsely Populated Areas of Japan
Ӷ౽ɻ࢛ *
Akifumi ETO*Abstract: This study aims to illustrate the potential of Social Impact Bonds (SIB)—a strategy in which private investors fund
implementation and receive a return on investment from a government payer—using public transportation as an example. SIB was introduced in two Japanese cities, Kobe and Hachioji. In both places, a survey was conducted by the Social Impact Investment Foundation, which was involved in the formation of SIB as an intermediate support organization.
Based on the survey, it was inferred that the introduction of SIB in the public transport sector is necessary for the following reasons: feasibility of SIB, expansion potential of the SIB market, and high relevance of SIB to the administration. It was found that the intermediate support organization mainly helped in the formation and introduction of SIB. It was also understood that administrative support is necessary at an unprecedented stage of introduction.
Consequently, evaluation indicators and reduction targets were set for each target project, and a scheme was proposed for community-based transport services.
Keywords: Public Transportation, Social Impact Investment, Public-Private Partnership, Payment by Results, Social Impact
Bonds, Sparsely Populated Areas
Ϋʖϭʖχʁ ޮڠި௪ɾऀճదϱϏέφ౦ࣁɾׯ࿊ܠɾՎๅृܗܘ༁ɾλʖεϡϩʀϱϏέφʀϚϱχɾգ ஏҮ ΔͻɾҲఈި௪γʖϑηΝڛͲ͘ͱ͓͠͏Ηͻɾච ͥ͢ࡀࢋ͗ྒྷ͚͵͜Ηͻ͵Δ͵͏චགྷͺ͵͏ʱͳ͢ ͪͲɾʰṩയͤΖࡔয়ڱԾͲͺɾգౕ͵ܨඇࢩड़ͺ ݳࣰదͶՆͲɾʤྲྀʥಋͣγʖϑη಼༲ͲΓΕܨ ࡃద͵๏๑ɾ͚͢ͺಋͣࢩड़ͲΓΕްՎద͵γʖϑ ηΝڛڇͤΖ๏๑ΝໝࡩͤΖ͞ͳ͗،གྷ2ʥʱͳࢨఢ͢ͱ ͏Ζɽ ஏҮި௪์͓Ζ՟ୌͳ͢ͱɾٮ͗ݰΖ͞ͳͶΓΖ ӣफݰঙɾफݰͶଲԢͪ͢ܨඇࡡݰ͗ӣߨළౕ γʖϑηఁԾΝড͘ɾͨ݃Վɾ͠ΔͶٮ͗ݰ ঙͤΖͳ͏͑ෝηϏϧϩͶؗͮͱ͏Ζ࿑ત͗ଡ͏͞ ͳ͗ࢨఢ͠Ηͱ͏Ζ3ʥɽ 2008 ೧ΝϒʖέͶɾસࠅద͖ͯௗغద͵ਕݰঙ͗ ݡࠒΉΗΖɾஏ๏ި௪ΝޮڠγʖϑηͶ͕͏ ͱɾ࣯߶͏γʖϑηͳͺࠕޛΉͤΉͤͨ ॑གྷౕΝ߶Όͱ͏Ζͳ͏͓Ζɽ ͨ͑ͪ͢ͲɾߨαηφΝཊ͓͵͗ΔɾҢಊ࣯Ν ң࣍͵͏ͦ͢͠ͱ͏Ζࣆྭ͍Ζɽ Ҳྭͳ͢ͱɾښ୰ޛࢤͶ͕͏ͱஏݫ NPO ͗कରͳ͵ ΕӣӨͤΖʰ͓͠͠͏ި௪ʱͲͺɾे༙͗ঊͲχϧ
˛ช
* ਈރָָӅָݜڂՌώʖΝ୴͏ɾࣙՊ༽ऄΝ༽͏ͪҢૻγʖϑηΝڛ͢ ͱ͕ΕɾχΠςʖχΠɾଊ࣎ഓऄΝࣰݳ͢ͱ͏Ζɽ͞ ࣆྭͲͺɾνέεʖΏ࿑તώηభୂͪ͢ΦϨΠͶ͕͏ ͱɾνέεʖൔֻఖౕͲཤ༽Ն͵ཤส߶͏Ңૻ γʖϑηΝޮదࣁۜͶғଚͤΖ͞ͳ͵͚ڛ͢ͱ͏Ζɽ ͑ͪ͢͞खૌͺɾӣߨ؇ཀྵΝ୴͑ରେනंΏૻܶ ͶڢྙͤΖஏݫेϚϧϱνϨʖ͵߫ݛͶࢩ͓ΔΗͱ ͏Ζͳ͞Θ͘͏͗ɾࢤෝ୴ֻΝཊ͓͵͗ΔॊΓΕ ཤส߶͏γʖϑηΝࣰݳ͢ͱ͏Ζ఼ͲՃͲ͘Ζɽ સࠅద͵՟ୌմ݀ͳ͢ͱɾҢಊͶ͕͜Ζ࣯ͳ ߨαηφࡡݰΝಋ࣎ͶࢨͤͲͺɾ͑ͪ͢͞ࣆ ྭΏద͵खૌΝଠஏҮͲࣰࢬͤΖࢻ఼͗ٽΌΔ ΗΖɽ ͖͢͢͵͗Δɾద͵खૌͲ͍Ηͻ͍ΖΆʹɾ͞Η ΉͲྭ͗ঙ͵͚ɾޛՎΝฯৄͤΖΓ͑͵ࣰ ͗ଡ͚͵͏ͪΌɾγʖϑη͗ேકద͵࣯Νଵ ;Ώͤ͏ɽͨ͑ͪࣨ͢ഌϨηέΝ༙ͤΖɾΓΕ࣯߶ ͏ި௪γʖϑηΝߨकͲࣰࢬͤΖͺɾࣆۂ ࣯ೋ͚͢ɾࢧ͑Γ͑Ͷ߁͗Δ͵͏ݳয়Ͷ͍Ζɽ ͨ͞ͲຌݜڂͲͺɾద͵खૌଠஏҮఴΝ ۅదͶଇͤͪΌࡨదଲԢͶͯ͏ͱɾΓΕ۫ରదͶ ͺɾஏ๏෨Ͷ͕͜Ζޮڠި௪λʖεϡϩʀϱ ϏέφʀϚϱχʤSocial Impact BondsɾҐԾ SIBʥ ՆͶͯ͏ͱݗ౾ͤΖɽ SIB Ͷͯ͏ͱͺޛͶफ़ͤΖ͗ɾ࣑ࣙର͗ࡨܨඇΝ ࢘͑͞ͳ͵͚ɾద͵ࣆۂͶखૌ͞ͳ͗Ͳ͘ɾঙ͵ ͏ϨηέͲࡔࢩड़ࡡݰΏްིద͵ޮڠγʖϑη ڛ͗ՆͶ͵Ζ͚͢Ίͳ͢ͱۛ೧ࠅ಼Ͳغଶ͗߶Ήͮ ͱ͏Ζघ๑ҲͯͲ͍Ζɽ ద ຌݜڂͲͺɾࠅ಼Ͷ͕͜Ζ SIB ࣆྭΝଲেͳ ͪ͢ซ͘खΕࠬͶخͰ͘ɾʤ1ʥSIB ͶࢺΖܨҤ Ώϕϫιηɾʤ2ʥՃࢨඬΏࡡݰඬઅఈͶؖͤΖη τʖέϙϩξʖؔͲқܙգఖΝ໎Δ͖ͶͤΖɽ ͨͲɾஏ๏ޮڠި௪Νݗ౾ͤΖͲ ࠂෲͤ΄͘՟ୌͶͯ͏ͱߡࡱͤΖɽ ಋ࣎Ͷɾஏ๏ޮڠި௪ͲࣆྭੵͶخͰ͘ɾ SIB Ͷͪ͜ӣ༽ηΫʖϞҌͶͯ͵͝Ζ͞ͳ Νࢨͤɽ
ຌݜڂҒͰ͜
ஏ๏ޮڠި௪ͶؖͤΖ͞ΗΉͲ٠ ࢃؔஏҮͶ͕͜Ζਫ਼ި௪՟ୌͳଲԢ రಕΏώη࿑તഉࢯΏݰสͶΓΖेਫ਼Ͷଲ ͤΖӪڻଲԢͳ͢ͱɾ࣑ࣙରͺେώηɾαϝϣω τΡώηΏνέεʖɾυϜϱχώηɾυϜϱχܗ νέεʖӣߨΝึঁ͢ͱͪ͘ɽഉࢯ࿑તͳಋਭ६ γʖϑηΝؔώηࣆۂंͶӣߨҗͤΖେώηͶ ଲ͢ͱɾୱ͵Ζώη࿑તң࣍ͫ͜Ͳͺ͵͚ɾۅదͶ รߍΝՅ͓ɾफࢩིΝրવͤΖͳͳͶɾཤส Νࢨͪ͗͢αϝϣωτΡώηΏνέεʖͲ ͍Ζɽ αϝϣωτΡώηͲͺɾ࿑તΏӣߨ࣎ؔɾӣߨළౕ ͗ݡ͠ΗΖ͞ͳ͗ଡ͏͗ɾ͞ΗͺعଚϩʖφΏ࣎ ؔɾώηంҒ͗ཤ༽ंωʖθͶΚ͵͏ͳ͏͑՟ ୌଲԢͲ͍Ζ͢ɾώηऄྈΓΕঘܗνέεʖ ͺɾཤ༽ं਼ݰঙΝߡྂͪ݃͢ՎͲ͍Ζɽ ΉͪɾಝͶࢃؔஏҮΓ͑͵ऩགྷືౕఁ͏ஏҮͶ ͕͏ͱɾӣߨܨඇ͠Δ͵ΖઇݰΝةਦͪ͢ӣߨܙସͳ ͢ͱɾཤ༽ंචགྷͳͤΖͶΊӣߨͤΖ͗ɾυ ϜϱχώηΏυϜϱχܗνέεʖͲ͍Ζɽ ͞ΗΔυϜϱχܗި௪ͺɾஏݫνέεʖࣆۂंΏ؏ ޭώηࣆۂंͶӣߨΝҗͤΖ͗ଡ͏ɽؖ࿊ͪ͢ ଲԢࢬࡨͶɾҲఈড়݇Νຮͪͤި௪ओंΝଲেͶɾν έεʖοίρφΝഓාͤΖ͍Ζ͗ɾυϜϱχܗި ௪Ͷ͕͏ͱɾଡ͚ɾӣߨܨඇΝӣफͲ͓ͱ ͕Δͥ4ʥɾνέεʖοίρφഓාͳಋ༹ͶɾӣߨͶͺ ࣑ࣙର͖Δึঁ͖ۜ͗ܿͦ͵͏ɽ αϝϣωτΡώηϕϫιηͳ࣑ࣙରؔഀٶΝߡ ࡱͪ͢ݜڂͲͺɾαϝϣωτΡώηસࠅഀٶͶ͕ ͏ͱࢤʰϞʖώηʱ͗ࣆྭͳ͢ͱϠυϩ దༀׄΝՎͪͪ͢͞ͳΝࢨఢ͢ɾଠஏҮఴͶͯ͏ ͱɾஏҮڧࠫҡΝॉͶݗ౾͢͵͏ΉΉ͢ͱ қັ͗͵͏͞ͳ͗ࢨఢ͠Ηͱ͏Ζ5ʥɽ఼͖͞Δɾ͖ ͪͬͫ͜Νໝͪ͢ʀఴͲͺ͵͚ɾޛՎͶ ΠϕϫʖοͤΖࢻ఼͗ٽΌΔΗͱ͏Ζͳ͏͓Ζɽ ஏ๏ޮڠި௪ͶؖͤΖߨݜڂϪϑϣʖ ஏ๏෨Ͷ͕͜ΖଏʤϠϑϨτΡʥ֮ฯͶؖͤΖୌ ͺɾ͞ΗΉͲࡨద٠ͶՅ͓ͱɾݜڂͳ͢ͱި௪ܯ ժΏࢤܯժɾި௪ܨࡃɾި௪ݘɾਫ਼ࢩԋΏෳࢳɾౖ ஏཤ༽ɾஏҮԿͳɾ߁͏ͲָࡏదͶखૌΉΗ ͱ͏Ζɽ ͲɾͳΕΚ͜ऩགྷືౕఁ͏ࢃؔஏҮޮڠި ௪ͶؖͤΖߨݜڂͳ͢ͱɾీͺɾஏҮਫ਼ި௪Ν ޯͦ͠ΖͲචགྷՆܿ͵఼ͳ͢ͱɾ͍Δ͖ͣΌे ωʖθΝ໘ືͶࠬͤΖ͞ͳͳɾͨͲࠬͶخͰ ͚ऩགྷྖΏஏҮಝΝΉ͓ͱި௪ରܧΝߑͤΖ͞ͳ 2 ఼Νࢨఢ͢ͱ͏Ζ2ʥɽ ͨͲɾཤ༽ं͖ΔسͶԢͣͱࣙՊ༽ऄΝॶ༙ ͤΖे͗ૻܶͤΖʰࣙՊ༽༙ঊྃٮӣૻʱͺɾʰेڢྙΝͳͶΕཱིͮͱ͏Ζ͞εητϞͺɾͺΏ ޮڠި௪ؽؖͳݡ͵ͤ͞ͳͺೋ͢͏ɽଠେި௪घஊ મࢸ͗ਜͪ͘ࡏͶߡ͓ΔΗ͑Ζ࠹ޛघஊ2ʥʱͳҒ Ͱ͜ΔΗͱ͏Ζɽ͞ࢨఢ͖Δ 10 ೧ࡂ݆Νܨͪݳ ࡑɾ࠹ޛघஊͲ͍ͮͪʰࣙՊ༽༙ঊྃٮӣૻʱͺɾ಼ ֵැາཔ౦ࣁճ٠ͶΓΖʰௗકྲࣰྀߨܯժ6ʥʱͶ͕ ͏ͱௗકྲྀ 1 ͯͶҒͰ͜ΔΗɾۅద͵༽͗ໝ ࡩ͠Ηͱ͏Ζͳ͞ΘͲ͍Εɾ՟ୌࠃ͗͠Ҳଁ͢ͱ ͏Ζ͞ͳΝޢͮͱ͏Ζɽ ؖ࿊͢ͱɾࠅౖި௪ߨͤΖʰࣙՊ༽༙ঊྃٮӣ ૻύϱχϔρέ7ʥʱ಼ͲͺɾىҢಊωʖθѴͶ Յ͓ͱɾஏҮ಼ި௪ࣆۂंΏेؔқܙͶؖͤ Ζघକ͘Ώཻқ఼͗ࣖ͠Ηͱ͕Εɾড়݇ΏΌ๏ɾౕ ͳؖΚΕͶͯ͏ͱҲఈཀྵ͗͠Ηͱ͏Ζɽ ͖͢͢͵͗Δɾғષͳ͢ͱި௪ส͵ஏҮͲखૌ͗ ֨͗Δ͵͏͞ͳ͗՟ୌͳ͢ͱ͍ΕɾͶ͜ͱචགྷͳ ͵Ζɾफ़ஏҮͲରߑΏқܙΝۅదͶ ଇ͚ͤ͢Ί͗͵͏͞ͳ࣯͗߶͏γʖϑηٶΝΞ Ͳ͏Ζͳߡ͓ΔΗΖɽ ͤ͵ΚͬɾͶΓΕޮదࣁۜࡡݰ͗ݡࠒΌɾ͖ͯ ࣯߶͏ૻܶΝڛͤΖγʖϑηͲ͍ͮͱɾͨγʖ ϑηΝͤΖͪΌܨࡃదϱιϱτΡϔΏಊؽ͗͵ ͏͞ͳ͗ଠஏҮఴͶ͕͜Ζ՟ୌͲ͍Ζͳߡ͓ΔΗΖ ͗ɾͨ͑ͪ͢ࢻ఼ͶཱིͬɾఴΝଇͤͪΌ۫ରదघ๑ Ͷݶٶͪ͢ݜڂͺ͵͏ɽͳΕΚࣙ͜Պ༽༙ঊྃٮӣૻ ͺɾफ़ͪ͢Γ͑Ͷௗકྲྀ 1 ͯͶҒͰ͜ΔΗͱ͕ Εɾؖ࿊ͤΖ๑ౕඍΝͶͨ༽ͶΉͤΉͤ غଶ͗߶Ήͮͱ͏Ζͳ͞ΘͲ͍Ζ͗ɾ۫ରదଲԢͶؖͤ Ζݶٶͺ͵͏ΉΉͲ͍ΕɾఴʀٶͶͪ͜๏ࡨ ࣖͺࠅࡨదͶགྷ੧͠Ηͱ͏Ζɽ 6,% ͶؖͤΖ͞ΗΉͲ٠ 6,% ֕གྷ ʤ1ʥSIB ͚͢Ίͳಝ SIB Ͷؖ͢ͱͺɾ͞ΗΉͲָढ़దͶ͍ΉΕ٠͠Ηͱ ͏͵͏ɽͨͪΌɾ͞͞ͲͺɾSIB ֕གྷͶͯ͏ͱΉͥ ৰΗͱ͖ΔɾͨޛͶؖ࿊ͤΖߨݜڂΝཀྵͤΖɽ SIB ͳͺɾׯ࿊ܠࣁۜୣघ๑Ͳɾʰऀճదϱ Ϗέφ౦ࣁʱ 1 ͯͲ͍Ζɽ ऀճదϱϏέφ౦ࣁͳͺɾऀճʀڧͲ՟ୌ մ݀ΝਦΖͳͳͶɾܨࡃద͵ཤӻΝ௧ٽͤΖ౦ࣁߨಊ ͞ͳͲɾݳେࣁຌकٝͶଲͤΖثؽ״ΝഐܢͶɾऀճ ద՟ୌΝմ݀ͤΖݬಊྙͳ͢ͱغଶ͗߶Ήͮͱ͏Ζɽ SIB Ͷݶٶ͢ͱ͏Ζ಼ֵැๅࠄॽ8ʥͲͺɾʰऀճద ةۂࣆۂ͗ਫ਼ऀճదްՎʤޮڠαηφࡡݰֻʥ ΝՃ͢ɾ౦ࣁΝͪ͢ंϨνʖϱͳ͢ͱߨඇ༽ ࡡݰֻͶཤଋΝ͜ͱࢩ͚͑͢Ίʱͳઈ໎͠ΗΖ ʤFig. 1ʥɽ
PPPʤPublic-Private PartnershipʥΏ PFIʤPrivate Finance Initiativeʥɾޮӻద֪Ν࣍ͯࣆۂͶؖΚΖׯ࿊ܠ Ͳࣁۜୣ๏๑ͺ͞ΗΉͲΊΔΗͪ͗ɾSIB ͺ ՎๅृܗʤPayment by ResultsʥͳݼͻΗΖՎकٝ͗خ ຌͳ͵ͮͱ͏Ζ͞ͳ͗ɾॊཔ͚͢Ίͳҡ͵ΖಝͲ ͍Ζɽ SIB ͚͢ΊͲͺɾߨγʖϑηΝؔ NPO Ώة ۂͶҗ͢ɾؔࣁۜڛं͖Δୣͪ͢ࣁۜΝخͶ ࣆۂΝࣰࢬ͢ɾࣆۂ͗༩Όқͪ͢ՎʤࡡݰඬʥΝ ୣͪ͢ͶΊߨ͖ΔࣁۜڛंͶๅृ͗ࢩΚ ΗΖɽؔࣁۜͶΓͮͱऀճదαηφΝࡡݰͤΖࣆۂ͗ ࣰࢬͲ͘Ηͻɾߨαηφࡡݰ͠ΗΖ͓͑ɾࣁۜڛ ं͗ϨνʖϱΝण͜Ζ͞ͳ͗Ͳ͘Ζɽ ࣆͶઅఈ͠Ηͪඬ͗ୣ͠Η͵͏ɾߨ͖Δ ࣁۜڛंࢩ͏ͺਫ਼͢͵͏ɽͨͪΌɾߨγ ʖϑηްՎͶؖΚΖϨηέΝɾߨ͖Δ౦ࣁՊͶҢ ͤΖ͚͢ΊͲ͍Ζͳ͏͓Ζɽ ʤ2ʥSIB ӣ༽ର କ͏ͱɾSIB ӣ༽ରΝ Fig. 2 Ͷࣖͤɽߑଆͳ͢ͱ ͺɾߨͳγʖϑηࣰࢬकରʤࣆۂंʥ͍͏ͫͶۂແ җܘ༁Ν݃ɽಋ࣎Ͷɾࣁۜڛंͳࣆۂकର͍͏ ͫͶܘ༁Ν݃ɽͨ͢ͱɾࢀंͲ͍ΖՃؽؖ͗ࣆۂ ՃΝࣰࢬͤΖɽ ͞ΗΉͲೖຌͶ͕͏ͱͺɾؔࢩԋૌ৭͕Γ;ࣁۜ ڛंͳ͢ͱೖຌࡔ͗ʤϏϫρφࣆۂͶ͕͏ͱʥϕϫ ζΥέφΝक͢ͱͪ͘ܨҤ͍͗Ζɽ ʤ3ʥ֦कରͶͳͮͱϟϨρφ ࠅ಼ؖ࿊ݜڂ10ʥͲͺɾSIB 1 ߺҌ݇Ͳ͍Ζӵ ࠅࣆྭΝੵͪ͢ๅࠄ11ʥΝࢂল͢ɾߨଠͶणӻ ंɾγʖϑηࣰࢬकରɾ౦ࣁՊɾؔࢩԋૌ৭ 4 ͯ ཤ֒ؖܐंΝՅ͓ͱɾητʖέϙϩξʖڙणͤΖϟϨ ρφʤॳؽʥΝԾىΓ͑ͶΉͳΌͱ͏Ζɽ Fig. 1 SIB ͶΓΖαηφࡡݰްՎ
1ʥߨ ऀճ՟ୌմ݀ͶΓΕɾߨͳ͢ͱ͍Ζ΄͘ؽΝՎ ͪͤ͞ͳ͗Ͳ͘ΖɽҌ݇ͶΓͮͱͺࣰ࣯ద͵ߨαηφ ΝࡡݰͲ͘Ζɽ 2ʥणӻं णӻं͑ͬɾγʖϑηཤ༽ंʤંద͵णӻंʥ ͺɾωʖθͶԢͣͪγʖϑηڛΝण͜Ζ͞ͳ͗Ͳ ͘ɾेʤؔંద͵णӻंʥͺɾऀճ՟ୌմ݀ͶΓΖ ҈સʀ҈ৼΝಚΖ͞ͳ͗Ͳ͘Ζɽ 3ʥγʖϑηࣆۂं γʖϑηࣰࢬकରͺɾӣӨࣁ֮ۜฯɾௗغܘ༁ͶΓ Ζޑ༽҈ఈɾཤ༽ं͖Δ৶བͳ͏ͮͪ߁͏ ϟϨρφ͗ಚΔΗΖɽ 4ʥࣁۜڛंʤؔ౦ࣁՊʥ ؔ౦ࣁՊʤ౦ࣁؽؖʥͺɾՎୣͶΓͮͱऀճ దʀࡔແదϨνʖϱΝ֭ಚͲ͘Ζɽ 5ʥؔࢩԋૌ৭ ؔࢩԋૌ৭ͺɾSIB ࣰࢬՆࠬɾܘ༁ިম ͪ͵ϑζϋηؽճΝಚΖ͞ͳ͗Ͳ͘Ζɽ 6,% ͶؖͤΖߨݜڂϪϑϣʖ ʤ2016ʥͺɾʰࠅ಼ͲͺɾSIB Νਬ͢Γ͑ͳͤ ΖήϩʖϕΏαϱγϩνϱφΔͶΓΖ৶ͺͲ͍ Ζ͗ɾΠΩυϝθϞͲͺɾʤྲྀʥർֳదঙ਼Ͷ ݸΔΗΖɽΉͪͨΗΔଡ͚ͺɾSIB ૌΊͳࣆྭɾ ʰϱϏέφʱՃͶ͖͖Ζ఼Ν֕ઈͤΖͶͳʹΉ ΖɽքͶΝͣͱɾ೨͵͗Δয়ڱͺ͚͘ͺร ΚΔ͵͏ɽۅద͵ๅ৶ͺɾλʖεϡϩʀϓΟψ ϱηऀ͵ʹਬରͶΓͮͱ͕͞͵ΚΗΖҲ๏ɾช ͺࣆྭ 1 ࣏ๅͶΓΖ୰೨͵ੵݗ౾ΝɾकͶͨࣆ ۂΝࣰࢬͤΖंͶۛ͏ࢻ఼Ͳ͕͞͵͑͗कླྀͲ͍ Ζ12ʥʱ͞ͳΝࢨఢ͢ͱ͏Ζɽ ͨͲɾSIB Ͷͺଡ͚ཤ֒ؖܐं͗ؖΚͮͱ͕Εɾ SIB Νཤ༽ͤΖͪΌͶͺͨΗΝΌ͛Ζߑଆʤࣆंؔ ؖܐʥΝཀྵմͤΖචགྷ͍͗Ζͳ͏͑؏఼͖Δɾߑଆ Ͷ͕͜Ζཻқ఼ͳ͢ͱɾંؔંणӻं͗ܘ༁ؖܐͶ ΉΗͱ͏͵͏఼Ͳܘ༁ࣆंΊཤ֒͗༑͠ΗΖ ڬΗ͍͗Ζɾ͞ͳΝࢨఢ͢ͱ͏Ζɽ ΉͪɾՃ؏఼͖Δɾґ౽ʤ2016ʥͺɾʰಝͶૌ Ն͍ΖϖϩηίΠҮτʖϜͳ͢ͱͺɾݗਏण ਏིͳɾ౸බ༩͍͗Ζʱͳफ़΄ͱ͏Ζɽ ͞ΗΔ 2 ͯτʖϜ͗ೖຌͶ͕͜Ζ SIB ૌͶ͕ ͏ͱՆ͍͗Ζͳ͏͓Ζཀྵ༟ͳ͢ͱɾʰݳࡑߨؽ ༙ؖͤΖυʖνͲղଲেபड़͗ՆͲ͍Ζ͞ ͳɾΉͪɾࢩφϨΪʖͳ͵ΖՎࢨඬͳߨαηφ ࡡݰްՎ͍͗Ζఖౕ໎֮Ͷઈ໎Ͳ͘Ζ͞ͳʱΝࢨఢ͢ͱ ͏Ζ13ʥɽ ຌݜڂқٝ ҐΝΉ͓ɾຌݜڂқٝͶͯ͏ͱҐԾͶΉͳ ΌΖɽ ΉͥɾࢃؔஏҮͶ͕͜Ζਫ਼ި௪՟ୌͳଲԢͳ͏ ͑؏఼͖Δɾ͞ΗΉͲݳࣰదͶͺɾި௪γʖϑη࣯ ͳߨαηφࡡݰΝಋ࣎ͶୣͤΖ͞ͳ͗ٽΌΔ Ηͱͪ͘Ͳɾ֦ஏҮಢࣙྙͶΓΕਫ਼ΉΗͪްՎ ߶͏γʖϑηΝଠஏҮͶఴͤΖͪΌ۫ରద͵๏ࡨͺ ͵͖ͮͪɽͨ͑ͪ͢Ͳɾ՟ୌմ݀ΝଇͤՆΝͯ ౦ࣁϠυϩͲ͍Ζ SIB Ͷ͢ɾ۫ରద͵ҌΝࣖͤ ఼Ͳқٝ͏ɽ Ήͪɾ߶ΉΖ SIB Ͳ͍Ζ͗ɾࠅ಼Ͳ͗ ർֳద࠹ۛ͵͞ͳ͍Εɾָढ़దߡ͗ঙ͵͏Ͳɾஏ ๏ޮڠި௪ΝҲྭͶՆΝݗ౾ͤΖ͞ͳͺɾ ଠͶؖ͢ͱҲൢԿͲ͘Ζ఼Ͳఴ͗ ͍Ζɽ Յ͓ͱຌݜڂͶΓΖՎͺɾި௪ۯപஏୌܲݰͳ ஏ๏෨Ͷ͕͜ΖҢಊ࣯Ͷͯ͵͗Ζި௪γʖϑη ٶͶر༫ͤΖͳߡ͓ͱ͏Ζɽ͞͞ͳͺɾߨͶͳ ͮͱࣆۂϨηέΝͳΔͥͶαηφࡡݰͳࡨ՟ୌࠂෲ ΝୣͲ͘Ζ఼ͲϟϨρφ͍͗Ζɽ Ήͪɾγʖϑηཤ༽ंͶͳͮͱҢಊ͗สཤͶ͵Ζͳ͏ ͑ંద͵ްՎͫ͜Ͳ͵͚ɾҲൢࢤͶͳͮͱި௪ࣆ ބܲݰͶΓΖ҈સʀ҈ৼͳ͏ͮͪؔંద͵ްՎΝͪΔ ͤ͞ͳ͗غଶͲ͘Ζɽ
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ࠬ๏๑ ఼ࠬ࣎ʤ2018 ೧ 12 ݆ʥͶ͕͜Ζ SIB ࠅ಼ࣆ ྭͲ͍ΖਈރࢤͳൂԨࢢࢤ 2 ࣆྭΝଲেͶɾྈࣆྭͶ ͕͏ͱؔࢩԋૌ৭ͳ͢ͱ SIB ૌͶؖΚͮͪҲൢ ࡔ๑ਕऀճద౦ࣁਬࡔʤSIIFʥͶଲ͢ͱɾकͶ Fig. 2 SIB ӣ༽ର SIB StructureϕϫιηͶؖͤΖซ͘खΕࠬʤࠬೖʁ2018 ೧ 12 ݆ 10 ೖʥΝࣰࢬͪ͢ɽ SIB ͺɾ2010 ೧ౕҐ߳ɾӵࠅʀธࠅΝൿΕͶֆ దͶٶ͗ΞͲ͕ΕɾֆͶ͕͜Ζ SIB ࣰࢬࣆྭ ͺɾ2019 ೧ 3 ఼݆࣎Ͳ 132 ݇ 1ʥ͍Εɾࣆۂوໝͺ༁ 470 Աԃͳਬܯ͠Ηͱ͏Ζɽ SIB ͺɾऀճదͶմ݀͗චགྷ͵॑གྷ՟ୌ͗ٽ ΌΔΗΖ͗ɾ֦ࠅؔΝർֳͤΖͲɾऀճࢩड़क͵ ͺࠅ͟ͳͶܑ͗ҡ͵Ζ͞ͳ͗ࢨఢ͠Ηͱ͏Ζ16ʥɽΉ ͪɾSIB ͺɾࡨࣰݩͳ͏͑ଈ͗ک͏͞ͳͶՅ ͓ͱɾ෨ࡨڧͳ࣑ద͖Δک͚ӪڻΝण͜ Ζ͞ͳ͗ࢨఢ͠Ηͱ͏Ζ17ʥɽͨͪΌɾՆΝ ୵ΖͲͺಋҲࠅ಼ͲࣆྭͶخͰ͘ݗ౾ͤΖචགྷ͗ ͍Ζɽ 2018 ೧ݳࡑɾࠅ಼ͲͺϖϩηίΠΝৼͶਈރ ࢤͳൂԨࢢࢤͲྭ͗ड़ͱ͘ͱ͕ΕɾஏҮި௪ͳ ͺಋҲࢻͲ͘͵͏෨͍Ζ͗ɾࠅ಼Ͳ SIB ૌ ͳΝݗ౾ͤΖͲࣰࡏࣆྭͶ͕͜Ζգఖ ࠬͺ॑གྷͲ͍Ζͳߡ͓ͱ͏Ζɽ ࠬଲে ౸බਝ॑གྷԿ༩ࣆۂʤਈރࢤʥ ʤ1ʥࣆۂ֕གྷ ਈރࢤͲ͠Ηͪ SIB ͺɾ౸බਝητ ʖζߨɾਕಃੵҢߨ༩Νదͳ͢ͱ͏ ΖɽਈރࢤࠅฯଲেंͲɾ౸බϨηέ߶͏๏͑ ͬҫྏؽؖາणਏं͕Γ;࣑ྏஇܯ 100 ਕΝଲে ͳ͢ͱ͏Ζɽࣆۂغؔͺ 2017 ೧ 7 ݆ʛ 2020 ೧ 3 ݆Ͳɾ ฯ݊ࢨϕϫήϧϞर྅ིɾਫ਼सրવིɾਝؽఁ ԾཊིΝՎࢨඬͳ͢ͱɾਈރࢤ͗җྋΝࢩ͑͢ ͚ΊͲ͍Ζɽࣆۂ಼༲ͺɾҫྏؽؖणਏשও͕Γ;ৱ ࣆྏ๑ฯ݊ࢨΝࣰࢬ͢ɾଲেंҫྏؽؖण ਏ͕Γ;ਫ਼सրવΝ௪͢ͱɾ౸බਝ॑ ԿΝ༩ͤΖͲ͍Ζɽ ʤ2ʥࣰࢬର ߨͳ͢ͱਈރࢤɾࣆۂंͳ͢ͱהࣞճऀ DPP ϖϩ ηϏʖφψʖθɾؔࢩԋૌ৭ͶҲൢࡔ๑ਕऀճద౦ ࣁਬࡔɾࣁۜڛंͳ͢ͱהࣞճऀࢀҬे༓۞ߨ͕ Γ;Ҳൢऀ๑ਕऀճద౦ࣁਬࡔɾࢀंؽؖͳ ͢ͱޮӻࡔ๑ਕາཔָݜڂॶʤ༩ఈʥ͗ητʖέϙ ϩξʖͳ͢ͱؖ༫ͤΖʤFig. 3ʥɽ ʤ3ʥಝ SIB ͺՎๅृܗܘ༁ͪΌɾՎඬΝୣ͢͵͏ ɾخຌదͶߨ͖ΔࣆۂඇͺࢩΚΗ͵͏͗ɾಋࣆ ۂͲͺࣆۂࣰࢬͶଲ͢ͱචགྷ͵ࣆۂඇ 4 ׄ͗ࢩΚ ΗɾΕ 6 ׄΝୣౕͶԢͣͱࢩ͚͑͢ΊͶ͵ͮͱ ͏Ζɽ ௐ͗ΞݗਏʀືݗࠬणਏשওࣆۂʤൂԨࢢࢤʥ ʤ1ʥࣆۂ֕གྷ ൂԨࢢࢤͲ͠Ηͪ SIB ͺɾௐ͗Ξغݡ ं਼ଁՅΝదͳ͢ͱ͏Ζɽʰௐ͗Ξݗਏʱͳʰ ືݗࠬʱणਏשওΝࣰࢬͤΖ͗ɾௐ͗ΞݗਏͺൂԨ ࢢࢤࠅฯଲেंͲɾ೧ౕௐ͗Ξݗਏາणਏं͑ ͬ 12,000 ਕΝଲেͳͤΖɽືݗࠬͺɾൂԨࢢࢤࠅ ฯଲেंͲɾགྷືݗࠬͳ͵ͮͪ๏णਏंસͱΝଲেͳ ͤΖɽࣆۂغؔͺ 2017 ೧ 5 ݆ʛ 2019 ೧ 8 ݆Ͳɾௐ͗ Ξݗਏणਏིɾືݗࠬणਏི͕Γ;غ͗Ξݡं਼ ΝՎࢨඬͳ͢ͱɾՎͶԢͣͱൂԨࢢࢤ͗ࢩ͚͑͢ ΊͲ͍Ζɽ ʤ2ʥࣰࢬର ߨͳ͢ͱൂԨࢢࢤɾࣆۂंͳ͢ͱΫϡϱγʖηΫϡ ϱהࣞճऀɾؔࢩԋૌ৭ͶίηϨʖהࣞճऀɾࣁۜ ڛंͶҲൢऀ๑ਕऀճద౦ࣁਬࡔʤהࣞճऀΊ ͥΆ۞ߨࣁۜڎड़Νʥ͕Γ;הࣞճऀυζγʖο ΠϱχΠχώνζϱή͗ητʖέϙϩξʖͳ͢ͱؖ༫ ͤΖʤFig. 4ʥɽ Fig. 3 ਈރࢤͶ͕͜Ζࣆۂࣰࢬର
SIB Structure in Kobe City
Fig. 4 ൂԨࢢࢤͶ͕͜Ζࣆۂࣰࢬର
ʤ3ʥಝ SIB ߑଆɾܘ༁಼༲ଧͶؖ͢ͱઈ໎Ν ୴ฯͤΖͪΌɾࢀंՃؽؖؖ༫͗ਬ॑གྷͳ ͵Ζ͗ɾಋࣆۂͲͺઅ͢ͱ͏͵͏ɽ
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6,% ͶࢺΖܨҤ ྈࣆྭͳɾҌͺؔࢩԋૌ৭Ͳ͍ΖҲൢࡔ๑ਕ ऀճద౦ࣁਬࡔ͗कͲΌͱ͏ͮͪɽਈރࢤ ɾ2015 ೧व͟ΘͶௐ͗Ξݗਏणਏིͪ ΌͶ SIB Νཤ༽͢͵͏͖ͳਏͪ͢ɽؖৼΝࣖͪͪ͢ Όɾ༩ࢋԿΝݗ౾͢ͱΔͮͪ͗ɾҌ࣎غ͗ 11 ݆͟ ΘͫͮͪͪΌɾ༩ࢋགྷٽͶͺங͚ɾ࣎͞ͺҲౕݡૻ ͮͱ͏Ζɽ࠸ౕཎ೧ 2016 ೧ 6 ݆Ͷɾ౸බਝण ਏིϕϫήϧϞͶ SIB Νཤ༽͢͵͏͖ͳҌͪ͢ɽ ߨଈ״ৰྒྷ͚ɾ۫ରద͵ݗ౾͗Ξͫɽ ಋͣνϝϱήͲɾൂԨࢢࢤͲௐ͗Ξݗਏणਏ ིϕϫήϧϞࣰࢬͪΌͶ SIB Νཤ༽ͤΖ͞ͳΝ Ҍ͢ɾݗ౾͗ΞͲ͏ͮͪɽͨࡏɾܨࡃࢊۂ͗ॶ ؇ͤΖ SIB Ҍ݇ૌࣆۂͶଲͤΖࠬࣆۂʤ݊߃थໍ Ԉ৵ࢊۂड़ਬࣆۂʥ͍͗ΕɾൂԨࢢࢤͲ͗ΞͲ ͏ͪίηϨʖʤγʖϑηࣆۂंޫึʥͶଲ͢ͱܨࢊ ࣆۂ༩ࢋ͖ΔҌ݇ૌͪΌඇ༽Ώਕ݇ඇ͗ड़Ζ͞ ͳͶ͵Εɾ۫ରదͶݗ౾͗Ξͫɽ ਈރࢤͶ͕͏ͱͺɾ࠹ॵਏ͖ΔҌ಼݇༲͗รΚ ͮͱ͏Ζ͗ɾͨΗͲಋࢤͲͳ͵ͮͪͺɾSIB ࣆۂͶ͘Ͳ͍ͮͪ͞ͳ͗͘͏ͳ͏͑ɽࢤฯ݊ෳ ࢳͶؖΚΖ෨ॼ୴ंͶՅ͓ͱɾு಼ͲΝͺ͖Ζ ةժܧ෨ॼΏࢤௗखૌͶ͘Ͳ͍ͮͪͪΌɾηϞ ʖθͶ͗Ξͫͳ͏͑ɽൂԨࢢࢤಋ༹Ͳɾة ժͶ͍ͪΖ෨ॼ͗ SIB Ͷ͘Ͳɾ͖ͯγ ʖϑηࣆۂंͲ͍ΖΫϡϱγʖηΫϡϱͳ͞ΗΉͲ ۂແणҗܨݩ͖ΔͤͲͶ৶བؖܐ͗Ͳ͘ͱ͏ͪͪ ΌɾΌΏ͖ͤͮͪͳ͏͑ɽ ητʖέϙϩξʖؔқܙϕϫιη ۂແ಼༲ͶؖͤΖܘ༁ϕϫιη ࣏ͶɾητʖέϙϩξʖؔқܙգఖΝΊͱ͏ ͚ɽSIB Ͷͺ͚͘ 2 ͯɾʤ1ʥߨͳγʖϑηࣰࢬकର ʤࣆۂंʥؔۂແͶؖͤΖܘ༁ͳɾʤ2ʥࣁۜڛंͳ ࣆۂकରؔࢩͶؖͤΖܘ༁͍͗Ζɽ͞͞ͲͺɾΉ ͥɾۂແͶؖͤΖܘ༁Ͷͯ͏ͱΊͱ͏͚ɽ फ़ͪ͢Γ͑ͶɾଲেͳͤΖτʖϜͶΓͮͱૌΉͲ Ͷ͠Ή͡Ή͵ܨҤΝͪʹΖ͗ɾΉ͖͵ࣆۂ಼༲Νݗ౾ ͤΖͶ͍ͪΕɾΉͥؔࢩԋૌ৭͗ɾఈ͠ΗΖࣆۂं ޫึͶଲ͢ͱɾʹΞ͵ղϕϫήϧϞ͍͗ΕಚΖ͖ɾ ༩ࢋ͗ʹΗ͚Δ͏͖͖Ζ͖ΝϐΠϨϱή͢ɾͨޛߨ Ͷଲ͢ͱղ಼༲ɾଲেंમఈ๏๑ɾΉ͖͵ඇ ༽Νఽ͓ͱ٠ΝΌΖͳ͏͑ླྀΗͶ͵ͮͱ͏Ζɽ ਈރࢤɾSIB ࠅ಼ 1 ߺҌ݇ 2ʥͳ͏͑͞ͳ ͍Εɾγʖϑηࣆۂंͺޮู͖ͪͬͺͳΔͥɾқ ܘ༁ͲΌͪɽՎࢨඬݗ౾ͶͺࣆۂंͶͮͱ Δ͏ɾ۫ରద͵ࢨඬͶͯ͏ͱͪͪ͘ୈΝࡠ͢ɾࢤ ҌͤΖͳ͏͑ླྀΗͲΌͱ͏ͮͪɽൂԨࢢࢤ ɾΆ·ۛ͢͏Ό๏Νͪ͢ͳ͏͑ɽ ࢩড়݇ͶؖͤΖܘ༁ϕϫιη କ͏ͱɾࢩͶؖͤΖܘ༁Ͷͯ͏ͱΊͱ͏͚ɽਈރࢤ ɾ࠹शదͶචགྷ͵ࣆۂඇ 4 ׄͺݽఈͲࢩ͏ɾ Ε 6 ׄΝϕϫήϧϞश྅͖Δਫ਼सրવౕ ͏ͶԢͣͱࢩ͏ɾ͠ΔͶ 2 ೧ޛͶਝؽఁԾཊͶ ͯ͵͗ͮͱ͏Ζ͞ͳ͗ݗৄͲ͘Ηͻɾࣆۂඇ 3 ׄΝ ݸͶϱιϱτΡϔΝࢩ͑ͳ͏͚͑͢ΊͲ͍Ζɽਈރ ࢤͲͺॵΌͱखૌͫ͗ɾͤͲͶଠ࣑ࣙରͲࣆۂͳ͢ͱ खΕૌΞͲ͕ΕՎड़ͱ͏ͪͲɾݽఈͲ 4 ׄΝ͑ ͞ͳͳ͢ͱ͏Ζɽ Ҳ๏ͲൂԨࢢࢤͺɾࣆۂंࣙରͺͤͲͶࣰ ͍Ζ͗ɾࣰࢬͤΖղϕϫήϧϞ͗ॵΌͱघ๑Ͳ͍Ε ேકద͵಼༲Ͳ͍ͮͪͪΌɾࣆۂܨඇͶଲͤΖݽఈࢩ ͺ͵͚ɾՎ͗ड़͵͜ΗͻҲરΚ͵͏ͳ͏͑ড়݇ Ͷ͵ͮͱ͏Ζɽࢩড়݇Ͷͯ͏ͱͺҌ݇͟ͳͶݗ౾ͤΖ චགྷ͍͗ΕɾࣆۂंࣰΏࣁۜڛंয়ڱͶΓͮͱ รΚͮͱ͚Ζͳ͏͑ɽ ࣆۂՃͶͯ͏ͱ ܘ༁಼༲ଧΝ୴ฯͤΖͪΌͶɾՎՃͺɾ ༩Όࢨఈͪ͢ࢀंՃؽؖΝમఈ͢ͱࣰࢬͤΖ͞ͳ͗ ଡ͏ɽ͖͢͢͵͗ΔɾՃඇ༽Ε͗ૌ՟ୌͳ ͵Ζ͞ͳࢨఢ͠Ηͱ͏ΖɽൂԨࢢࢤͺɾࢀं ՃؽؖΝ͖ͥࣆۂΝΌͱ͏Ζɽ͞ΗͺɾՃࢨඬ ͗͗Ξݗਏणਏི͗ʹΗ͚Δ͏͖ͪ͢ɾͳ͏͑ർ ֳదεϱϕϩ͵ͫͮͪ͞ͳͶՅ͓ͱɾ݃Վͺࠅๅ ࠄͤΖͪΌͶ࣑ࣙର͗ىΝͳͮͱ͏ΖͲ͍Εɾ Ճ๏๑೧ౕർֳ͵Ͳೋ͚͢͵͚ɾՎ͗Ҳྐ ષͲɾࣆۂوໝͨΗΆʹ͚͘͵͖ͮͪͪΌɾ͖ͥ ͶΌͪͳ͏͑ɽࠕޛɾ༩ࢋوໝঘ͠͏Ͷؖ͢ ͱͺࢀंؽؖΝ͖ͥͶΌΖՆ͍Ζɾͳ͞ ͳͫͮͪɽߡࡱ
͞ΗΉͲຌߚͲͺɾSIB ͶࢺΖܨҤΏϕϫιηɾࢩড়݇ΏࡡݰඬઅఈͶؖͤΖқܙգఖͶͯ͏ ͱΊͱͪ͘ɽ ݃ՎΝΉ͓ɾҐԾͲͺɾΉͥ SIB ՆͶ ͯ͏ͱ͚͘ 2 ఼ɾଧͳࣰࢬର؏఼͖Δߡࡱ ͤΖɽ ࣏Ͷɾޮڠި௪Ͳ SIB ӣ༽ηΫʖϞͶͯ͏ ͱɾՃࢨඬઅఈɾࡡݰඬઅఈɾٱؽʤϨη έʥଲԢͶͯ͏ͱߡࡱͤΖɽ 6,% Ն ޮڠި௪ 6,% ଧ ޮڠި௪ SIB Ͷͯ͏ͱͺɾकͶ 3 ͯ ཀྵ༟͖Δଧͺ߶͏ͳߡ͓ͱ͏Ζɽ Ήͥɾʤ1ʥ՟ୌ࣯͗ͮͱ͏Ζ͞ͳ͗ڏ͝ΔΗ ΖɽSIB నͤΖ՟ୌҮͳ͢ͱɾᶅ ݳয়ߨγʖ ϑηͲॉ͵ްՎ͗ڏ͗ͮͱ͏͵͏Үऀճద՟ୌմ ݀Ͳ͍Ζ͞ͳɾᶆ ՎࢨඬͶଲͤΖࣰΝ༙͢ͱ͏Ζ ؔγʖϑηڛं͗ଚࡑͤΖ͞ͳɾᶇ γʖϑη ڛं͗ࣙހࣁ͚ۜ͢ͺঁۜɾ༧ࣁͶΓΖࣁۜୣ ͗ࠖೋ͵ 3 ఼Ͷॄ༁Ͳ͘Ζ͞ͳ͗ࢨఢ͠Ηͱ͕ Ε13ʥɾ3 ఼ͤ΄ͱͶ͕͏ͱড়݇Νຮͪ͢ͱ͏Ζɽ ࣏Ͷɾʤ2ʥSIB ࢤ֨Ͳ͍Ζɽ࠹ๅࠄ14ʥͶ ΓΗͻɾʰೖຌͶ͕͜ΖऀճదϱϏέφ౦ࣁࢤͺɾ 2017 ೧ౕ 718 Աԃ͖Δɾ2018 ೧ౕͺ༁ 3,440 ԱԃͶ ֨ͳ༩ʱ͠Ηͱ͏Ζɽ͞͞ͳͺɾؖৼ͗߶ΉΕͯ ͍ͯΖ SDGs ୣͶͪ͜౦ࣁླྀΗ͗֨͢ͱ͏͚͞ ͳ͗ഐܢͶ͍Εɾࠕޛ͞ླྀΗͺՅଐ͢ͱ͏͚ͳߡ͓ ΔΗΖɽ Ήͪɾ֦ࠅܑΝർֳͪ͢ϪϛʖφͶΓΖͳɾڠ௪ ͢ͱऀճదࢩड़ෝ୴ଁ͗ஸ͢͏Ͳ SIB ͗ݗ౾͠ΗΖܑͶ͍Ζ͞ͳ͗ࢨఢ͠Ηͱ͏Ζ15ʥɽͨ ͪΌɾ߶ྺ 3ʥ͗࠹॑གྷ՟ୌͳ͵ΖೖຌͶ͕͏ͱɾ ࠅ಼Ͳ SIB ͗ຌ֪Կͪ͢ࠕɾޮڠި௪ ͶΓΖ՟ୌմ݀ՆͳΚͦͱɾ՟ୌΏϨηέ Νݗ౾ͤΖ͞ͳͺٺແͲ͍ΖͳࢧΚΗΖɽ 3 ఼ͺɾʤ3ʥ՟ୌͶଲͤΖߨؖৼ߶͍͗͠Ζɽ 2 ఼ͳؖ࿊ͤΖ͗ɾҢಊघஊ֮ฯ͗સࠅద͵ऀճ ՟ୌͲ͍Ζ͞ͳͶՅ͓ɾસͱஏ๏ޮڠରΝଲেͶࣰ ࢬ͠Ηͪ SIB ͶؖͤΖࠬ݃Վ16ʥͶΓΖͳɾҫྏʀղ ޤඇ༽ࡡݰɾޮڠࢬઅʀۯ͘Պཤ༽Ͷକ͘ɾޮڠ ި௪͗ SIB ͗ఈ͠ΗΖ՟ୌҮͳ͢ͱڏ͝Δ Ηͱ͕Εɾؖৼ߶͠Νཬ͜ͱ͏Ζɽफ़Γ͑Ͷɾ ಝͶྭ͵͏ஊͲͺɾߨखૌͶଲͤΖ͘͵ ࢡ͗॑གྷͳ͵Ζ͞ͳ͖Δɾ՟ୌؖৼౕ͏ͺ SIB Ͷ͕͏ͱ伶Ͷ͵Ζͳߡ͓ΔΗΖɽ ؔࢩԋༀׄͳ୴͏घͶͯ͏ͱ फ़ͪ͢Γ͑ͶɾSIB ૌʀͶͺɾؔࢩԋΝ ୴͑ର߫ݛͤΖͳ͞Θ͗͘͏ɽಝͶɾޮڠި௪ ͺ͞ΗΉͲ͵͏ͪΌɾࣁۜڛं͕Γ;γʖ ϑηࣆۂंͳϏϕΝͬɾखૌͶ͘͵࣑ࣙର ͳͯ͵͛ༀׄ͗ٽΌΔΗΖɽݳࣰదͶͺɾऀճద౦ࣁਬ ࡔΓ͑͵ૌ৭͗Ҍ݇ૌͶΕड़͖ͤɾγʖϑη ࣆۂं͗ંࣁۜୣΝࣰࢬ͢ɾߨͳۂແҗܘ༁Ν ݃ɾͤ͵Κͬؔࢩԋૌ৭ༀׄಋ࣎Ͷ୴͏͵͗Δ ΝΌͱ͏͚චགྷ͍͗Ζɽ Ήͪɾݳয়ࠅ಼Ͳͺɾؔࢩԋૌ৭͗ SIB ࣆۂૌ Ҍ͖݇Δંద͵ๅृΝಚΔΗΖ͚͢ΊͶͺ͵ͮͱ͏ ͵͏ɽࠕޛɾو SIB Νଇ͢ͱ͏͚ͪ ΌͶͺɾௗغద͵ࢻ఼Ͷཱིͱͻɾؔࢩԋૌ৭͗ෝ୴ͤ ΖܨඇΝ͚͑͢Ί͗ٽΌΔΗΖͳ͏͓Ζɽ ޮڠި௪Ͳ 6,% ӣ༽ηΫʖϞ Ճࢨඬ͕Γ;ࡡݰඬઅఈʤ༩ࢋԿʥ SIB ΝͤΖͲͺɾՃࢨඬઅఈͳΚͦͱɾ ଲেࣆۂͳ༩ࢋوໝಝఈ͗චགྷͶ͵Ζɽͪͳ͓ͻɾޮ ڠި௪Ͳ͏͓ͻɾͤͲͶ࣑ࣙର͗खΕૌΞͲ͏Ζࣆ ۂͳ͢ͱɾେώηɾαϝϣωτΡώηΏνέε ʖɾυϜϱχώηɾυϜϱχܗνέεʖӣߨึ ঁ͍͗Ζɽ ఈ࣎ఈ࿑તώηղΝఈͪ͢ɾࢨඬ 1 ͯ ͳ͵Ζཤ༽ं਼ͺɾๅࠄٝແ͍͗ΖͪΌى͠Ηͱ͕Ε ༽͏Ώͤ͏͗ɾ༩ࢋوໝಝఈͶͯ͏ͱͺࢤҮΝΉͪ͛ ࿑તѽ͏ΏɾηέʖϩώηࠠΝʹ͑ѽ͖͑ʤη έʖϩώηӣߨͺҲൢͶگүؖ࿊༩ࢋ͖Δڎड़͠Η Ζʥɾ࿑તͶΓΕಕැݟΏࠅึঁ͗Ձ͖͍ׄΖɾ ݭື͵қັͲෝ୴ֻࢋड़͗ࠖೋ͵͍͗ΖɽҲ๏ ͲɾνέεʖοίρφΝഓා͢ͱ͏Ζɾඇ༽ࢋड़ͳ Վࢨඬ͗໎֮Ͳ͍ΖͪΌɾഓऄͶ͕͜ΖۂແྙԿΝ ҌͤΖࣆۂं͗ࢂͤΖ༪ஏ͗ड़Ώͤ͏ɽ ͨΆ͖ɾνέεʖӨۂॶΏώη࿑ત͵͏ஏҮͶ ͕͏ͱɾफ़ͪ͢ʰ͓͠͠͏ި௪ʱΓ͑͵े૮ ޕිঁͶΓΖૻܶγʖϑηΝӣӨͤΖରͰ͚ΕΝࢨ ͤࣆۂɾۅͶݶ͓ͻޛͶࢨͤߨෝ୴Ν κϫͶઅఈͲ͘ΖɽͨͪΌɾͪͳ͓ͻαϝϣωτΡώ η࿑તഉࢯΝݗ౾͢ͱ͏Ζνϝϱή࣑ࣙରͶͳͮ ͱͺɾҲ࣎దͶਫ਼ͤΖࣆۂࣰࢬܨඇෝ୴ΊͲߨ ՟ୌմ݀Ͷͯ͵͝Ζ͞ͳ͗Ͳ͘ΖͪΌͳ͵Ζɽ ͨՎࢨඬͺɾཤ༽ं਼Ώཤ༽յ਼ͶՅ͓ͱɾ γʖϑηཤสͳ͏ͮͪඉࡔແద͵สӻΝΚͦͱ Ζ͞ͳͲɾγʖϑη࣯ΝฯͯͪΌϠωνϨϱήࢨඬ ΝૌΊࠒࢻ఼͗ΉΗΖɽ
ٱؽʤϨηέʥଲԢ SIB ࣆۂ͗ඬΝୣ͢͵͖ͮͪͳ͘ɾ୯͗ՁΝʹ͞ ΉͲฯ্ͤΖ͖ɾͳ͏఼͑Νݗ౾ͤΖචགྷ͍͗Ζɽͪ ͳ͓ͻɾޮڠި௪ɾࣆۂ࢟Ͷ͏໖ڒΝศ ͢ͱ͢Ήͮͪਕ͗ɾࣆۂश྅ޛͶҢಊघஊΝࣨ͑ͳ͏ ͮͪϨηέଲԢ͗ߡ͓ΔΗΖɽݳஊͲߡ͓ΔΗΖ ଲԢͳ͢ͱͺɾ໖ڒศɾཤ༽ंͶͳͮͱՆٱద ͵ߨಊΝཤ༽ড়݇ͳ͢͵͏͞ͳ͗ڏ͝ΔΗΖɽ ࣆྭͶخͰ͚ӣ༽ηΫʖϞҌ ͞͞Ͳͺɾफ़ͪ͢ښ୰ޛࢤͶ͕͜Ζʰ͓͠͠͏ި ௪ʱΝϠυϩͶɾଠ࣑ࣙରఴΝఈͪ͢ SIB ӣ༽ηΫʖϞͶͯ͏ͱߡࡱͤΖɽ ΉͥॵΌͶɾՆ͵ஏ๏࣑ࣙର͕Γ;ٽΌΔΗΖ γʖϑηࣆۂंড়݇Ͷͯ͏ͱΊͱ͏͚ɽ फ़ͳ͕Εʰ͓͠͠͏ި௪ʱͺɾे༙͗ঊͲχ ϧώʖΝ୴͏ɾࣙՊ༽ऄΝ༽͏ͪҢૻγʖϑηΝڛ ͤΖ͚͢ΊͲɾνέεʖΏ࿑તώηభୂͪ͢ΦϨΠͶ ͕͏ͱɾνέεʖൔֻఖౕཤ༽ྋۜͲχΠςʖχ Πɾଊ࣎ഓऄΝࣰݳ͢ͱ͏Ζɽ ࠅ಼Ͷ͕͏ͱɾࣙՊ༽ऄΝ༽͏༙ͪঊͲӣૻͺݬଉ ͳ͢ͱےࢯ͠Ηͱ͕ΕɾಋӣૻΝ๑దͶ୴ฯͤΖࣙՊ༽ ༙ঊྃٮӣૻౕͲͺɾॉ͵༎ૻγʖϑη͗ڛͲ͘ ͵͏ͳΌΔΗΖஏҮʤި௪ۯപஏ 4ʥʥͲӣ༽Ͷݸ ఈ͠Ηͱ͏ΖɽͨͪΌɾ୰ޛௌϠυϩΝఴͤΖ ɾި௪ۯപஏͲ͍Ζ͞ͳ͗ড়݇ͳ͵Ζɽ ΉͪɾഓऄγʖϑηӣӨͶ͍ͪΕɾഓऄΠϕϨΝ ڛͤΖ Uber ͳ࿊ܠ͢Όͱ͏Ζ͞ͳ͖Δɾްིద͵ഓ ऄ؇ཀྵΝՆͶͤΖεητϞڛ͗ٽΌΔΗΖɽ ͓͠͠͏ި௪ɾݗ౾ஊ͖Δ 2016 ೧ 1 ݆ ஏҮޮڠި௪ճ٠ͲқΝܨͱɾ2016 ೧ 5 ݆ӣߨ ࢟ΉͲɾ༁ 1 ೧Νགྷ͢ͱ͕Εɾ͑ͪ͢͞ྭͺ६ ඍغؔΝઅఈͤΖࡏ҈Ͷ͵Ζɽͪͫ͢ɾ୰ޛௌͲͺ 2014 ೧ 7 ݆ΓΕӣӨΝ୴͑ NPO ͗ͤͲͶͲ͘ͱ͏ͪ͞ ͳ͖Δɾणࡾͳ͵Ζૌ৭͗͵͏ஏҮͲ͍Ηͻɾ ͠ΔͶ࣎ؔΝགྷͤΖ͞ͳ͗ఈ͠ΗΖͪΌɾஏҮ য়ڱͶΚͦͪغؔઅఈ͗චགྷͳ͏͓Ζɽ ΉͪɾޛͶਫ਼ͣΖ՟ୌͶଲͤΖݺพࣆྭద͵ଲԢ ಋ༹ͶٽΌΔΗΖɽ͓͠͠͏ި௪ྭͲͺɾ࢘͏ঋ घͶؖͤΖेΝण͜ͱɾηϜʖφϓΧϱΏέϪζ ρφΩʖχΝ࣍ͪ͵͏ਕཤ༽Ͳ͘ΖΓ͑ͶͤΖͪΌ ଲԢͳ͢ͱɾ͖Δൔ೧ޛͶݳۜͶΓΖࢩΝՆͶ ͤΖɾωʖθͶԢͣͪγʖϑηรߍΝ͘Όࡋࣰ͖͚ ࢬ͢ͱ͏ΖɽͨͪΌɾڢྙχϧώʖ֮ฯΝૻ ܶରΏഓऄεητϞߑʀΝഓऄ؇ཀྵର ͳ͏ͮͪӣӨରߑͶؖͤΖࣆۂՃ࣎غͺɾӣӨ ୴͏घͳ͵Ζૌ৭͗ଚࡑ͢ͱ͏ΖͲɾ 1 ೧ ͖Δ 3 ೧ఖౕͶՅ͓ͱɾޛൔ೧ҐΝݡࠒ͞ͳ͗ Ή͢͏ͳߡ͓ΔΗΖɽ ҐΓΕɾஏ๏࣑ࣙରͶٽΌΔΗΖড়݇ΝཀྵͤΖͳ ҐԾͳ͕ΕͲ͍Ζɽ ʀSIB ࣆۂͶ͘Ͳ͍Ζ ʀި௪ۯപஏͶ֚ͤΖஏҮΝΞͲ͏Ζ ʀޮڠި௪՟ୌմ݀ͶۅదͶखૌࢡ͍͗Ζ ΉͪɾҗΝण͜ΖࣆۂंͶٽΌΔΗΖড়݇ͺҐԾ ͳ͕ΕͲ͍Ζɽ ʀஏҮͲӣӨରͰ͚Εࣰ͍͗Ζ ʀഓऄΏ༎ૻ؇ཀྵΝྙԿͤΖεητϞΝڛͲ͘Ζ ࣏ͶɾՃࢨඬͶͯ͏ͱɾΉͥ 1 ͯࢨඬͳ͢ͱཤ༽ յ਼͗ఈ͠ΗΖɽʰ͓͠͠͏ި௪ʱɾӣߨ͖ Δ 2 ೧͗ܨգ఼ͪ࣎͢Ͳ݆Ͷ 60 ૌҐཤ༽Νࣰݳ͢ ͱ͏Ζɽ͞Ηͺ 1 ೖ͍ͪΕͲ 2 ૌҐ͗ཤ༽͢ͱ͏Ζܯ ࢋͲ͍ΕɾଲেͳͤΖஏҮوໝͶΓΖ͗ɾҲͯ ҈Ͷ͵ΖͳࢧΚΗΖɽ ଠࢨඬͳ͢ͱɾγʖϑηཤส͗ఈ͠ΗΖɽ͖͢ ͢͵͗Δɾ͞ඉࡔແద͵สӻՃͶͯ͏ͱͺɾखӀ αηφͳ͢ͱ߶͚͵ΖܑͶ͍ΕɾͶ͕͏ͱύʖχ ϩͳ͵Ζ17ʥ͞ͳ͗ࢨఢ͠Ηͱ͏ΖɽͨͪΌɾυʖν फॄ͗؈ҝͲ͍Εɾ͖ͯγʖϑη࣯Ν୴ฯͤΖͶ ༙ް͵ࢨඬઅఈ͗Ή͢͏ɽ ͨ͞Ͳɾྭͳ͢ͱʰχΠςʖχΠʱͲ͍Ζ͞ͳɾʰଲ Ԣ࣎ؔଵௗ͠ʱΝఈదͶՃͤΖ͞ͳͶՅ͓ͱɾଲ Ԣୣིʤཤ༽གྷͶଲ͢ͱഓऄΝ྅ͪׄ͢ʥΝ γʖϑηཤสՃͳͤΖ͞ͳͲɾఈαηφΝ࠹ঘ ݸͶͳʹΌͯͯɾ࣯ϠωνϨϱήΝͲ͘Ζͳߡ͓Δ ΗΖɽ ҐΓΕɾߡࡱΝΉ͓ͱҌͤΖՃࢨඬͺҐԾ ͳ͕ΕͲ͍Ζɽ ʀγʖϑηཤ༽յ਼ ʀཤ༽ͶؖͤΖγʖϑηགྷ݇ఈ͕ٝΓ;ଲԢୣི ΉͪɾࣆۂՃغؔͺɾӣӨ୴͏घͳ͵Ζૌ৭͗ଚ ࡑ͢ͱ͏ΖͲɾ 1 ೧͖Δ 3 ೧ఖౕͳޛ 2 ೧ؔΝΚͦͪ 3 ʛ 5 ೧ؔఖౕ͗Ή͢͏ɽ
͕ΚΕͶ
ຌߚͲͺɾࠅ಼Ͷ͕͜Ζ SIB ࣆྭΝଲেͶɾ SIB ͶࢺΖܨҤΏϕϫιηɾՃࢨඬΏࡡݰඬ અఈͶؖͤΖқܙգఖΝ໎Δ͖Ͷͪ͢ɽ͞ΗΉͲ ஏҮި௪ͶؖͤΖ՟ୌͺɾ͠Ή͡Ή͵Πϕϫʖο͗ࡨ దͶָढ़దͶݗ౾͠Ηͱͪ͘Ͳɾ౦ࣁΝݼ;ࠒ ͳ͏͑ࢻ఼ͲΠϕϫʖοΝҌ͢ͱ͏Ζ఼Ͳͺɾͪ ͵ՆΝࣖͤ͞ͳ͗Ͳͪ͘ͳߡ͓ͱ͏ΖɽSIB ࣆྭͶͯ͏ͱɾΓΕ៝͵ࣆেѴͶ͜ͱͺɾ దͶଡֱద͵ࢻ఼͖Δɾͤ͵Κͬؔࢩԋૌ৭Ґؖ ܐकରͶଲͤΖซ͘खΕΝΚͦͱࣰࢬͤΖ͞ͳ͗Ή ͢͏ɽࠬ༁ɾ఼͞Ͷͯ͏ͱຌݜڂͲͺࢺͮͱ ͏͵͏ͪΌɾࠕޛ՟ୌͳͪ͢͏ɽ ःࣛ ຌݜڂͺɾ2016 ೧ౕΦυΡτʖζݜڂඇخેݜڂήϧϱφ ঁΝण͜ͱࣰࢬͪ͢ɽΉͪɾࣰࠬࢬͶ͍ͪΕɾҲൢࡔ ๑ਕऀճద౦ࣁਬࡔͶଡ͵ڢྙΝಚͪɽى͢ͱޜླਅ ͢͝Ζɽ ए 1ʥ λʖεϡϩʀϓΟψϱηऀ HP 9ʥىࡎυʖνΝࢂলɽ 2ʥ ϏϫρφࣆۂʤԥਤծࢤʀࢤʀෳԮࢤͲҌ݇ʥ ͺঈ͏ͱ͏Ζɽ 3ʥ OECD ͶΓΖྪͶخͰ͚ɽ 4ʥ ࠅౖި௪Ͳͺɾޮڠި௪ۯപஏͶ֚ͤΖՆेΝ ࢋड़ͤΖࡏɾώηం͖Δ 600mɾరಕӼ͖Δ 1km ݏΝخ ६ͳ͢ͱࡀ༽͢ͱ͏Ζ͗ɾި௪ۯപஏͶͯ͏ͱ໎֮͵ఈٝ ͺఈΌΔΗͱ͏͵͏ɽఈྖదͶஇͤΖͪΌͶɾىΓ ͑ͶరಕӼΏώηం͖ΔൔܚՁඨϟʖφϩҐͳҕΝࢨ ఈ͢ͱ͏Ζྭ͗ଡ͏͗ɾಕΏࡖಕޱഓ͵ʹɾި௪ؽؖ ࢘͏Ώͤ͠Ν݀ΌΖགྷҾͺଡʓ͍ΖͪΌɾஏҮࣰͶ Κͦͪఈٝ͗චགྷͳ͵Ζɽݳয়Ͳͺɾߨɾި௪ࣆۂंɾ ेେනͲߑ͠ΗΖ๑ఈڢ٠ճͶ͕͏ͱʰώηΏνέ εʖࣆۂं͖Δॉ͵༎ૻγʖϑη͗ڛ͠ΗͥɾஏҮ ި௪ΏҢಊ༁ं༎ૻ֮͗ฯ͠Ηͱ͏͵͏ʱͳΌΔΗ ͪͳ͘Ͷɾި௪ۯപஏͳࢨఈ͠ΗΖɽ Ӏ༽ชݛ 1ʥ ࠅౖި௪ʤ2015ʥʤࢂল 2019.5.19ʥʁࠅՊકྲྀಝۢ WG ϐ ΠϨϱήઈ໎ࣁྋɾʤΨϱϧϱʥɾघʬhttps://www.kantei. go.jp/jp/singi/tiiki/kokusentoc_wg/hearing_s/150917shiryou04-01. pdfʭɿ 2ʥ ీߠࢤʤ2009ʥʁࢃؔஏҮͶ͕͜Ζޮڠި௪՟ୌͳ ఴɾܨࡃஏཀྵָ೧ๅ 55 ת 1 ߺɾpp.33-48ɿ 3ʥ ౖҬหʤ2008ʥʁޮڠި௪ΝखΕת͚ෝηϏϧϩ͖Δ ୦٭ͳࣆۂकରᴹΉͬͰ͚Εͳ૱ި௪ࡨͳܨӨࢻ఼ ͖Δɾӣ༎ͳܨࡃ 68ʤ4ʥɾpp.24-32ɿ 4ʥ ࢤઔՇҲʤ2013ʥʁસࠅࢤ͖ۢࠬΔΊͪαϝϣωτΡώ ηʀνέεʖʀӣߨʀཤ༽સࠅదࣰସͶؖͤΖ ߡࡱʁʰ࣍କՆ͵ਫ਼ި௪ʱࢻ఼Ͷ͢ͱɾި௪ָݜ ڂʁݜڂ೧ๅʤ56ʥɾpp.107-114ɿ 5ʥ ԥࢃืɾฤԮਜ਼দʤ2003ʥʁαϝϣωτΡώηϕ ϫιηͳ࣑ࣙରؔഀٶͶؖͤΖߡࡱʗ౨ښۛ߭ࣆྭΓΕɾ ࢤܯժชॄ 38ʤ3ʥɾpp 481-486ɿ 6ʥ ಼ֵැʤ2019ʥʤࢂল 2019.9.30ʥʁʰௗકྲࣰྀߨܯժʱɾ ʤΨϱϧϱʥɾघʬhttps://www5.cao.go.jp/keizai-shimon/ kaigi/minutes/2019r/0621/shiryo_01.pdfʭɿ 7ʥ ࠅౖި௪ʤ2018ʥʤࢂল 2019.9.30ʥʁࣙՊ༽༙ঊྃٮӣ ૻύϱχϔρέɾʤΨϱϧϱʥɾघʬhttps://www5.cao. go.jp/keizai-shimon/kaigi/minutes/2019r/0621/shiryo_01.pdfʭɿ 8ʥ ಼ֵැʤ2013ʥʤࢂল 2019.5.19ʥʁڠঁऀճͰ͚ΕਬͶ ͜ͱʛ఼ཀྵͳࠕޛ٠Ό๏Ͷͯ͏ͱʛɾʤΨ ϱϧϱʥɾघʬhttps://www.npo-homepage.go.jp/uploads/ report33_matome.pdfʭɿ
9ʥ SIB database, Social Finance Limitedɾʤ ࢂ ল 2019.5.19ʥʤ Ψ ϱϧϱʥɾघʬhttps://sibdatabase.socialfi nance.org.uk/ʭ 10ʥ ਈઔݟࡨݜڂʀָ࿊ܠιϱνʖʤ2015ʥʁλʖεϡ
ϩʀϱϏέφʀϚϱχՆͳ՟ୌɾฑ 26 ೧ౕ ࠬๅࠄॽɿ
11ʥ Nicholls, Alex and Emma Tomkinson (2013): The Peterborough Pilot Social Impact Bond, Saïd Business School, University of Oxford. 12ʥ Ҳʤ2016ʥʁλʖεϡϩʀϱϏέφʀϚϱχʰ ఼ʱʁ༽ͪΌΝߡ͓ΖɾࣆۂଆָӅָنགྷ 7ʤ1ʥɾpp.97-111ɿ 13ʥ ґ౽݊ɾཚએ՜ɾ߀ஏਜ਼धʤ2016ʥʤࢂল 2019.5.19ʥʁ ೖຌ൝ϖϩηίΠλʖεϡϩʀϱϏέφʀϚϱχخ ຌద͵ߡ͓๏ɾฑ 27 ೧ౕ݊߃थໍԈ৵ࢊۂड़ਬࣆ ۂʤϖϩηίΠϑζϋηड़ࢩԋʥɾʤΨϱϧϱʥɾघ ʬhttps://www.meti.go.jp/policy/mono_info_service/healthcare/ chiiki/pdf/28fy_h-sib.pdfʭɿ
14ʥ Global Social Impact Investment Steering Group ʤGSGʥ ࠅ ಼ ࣀҗҽճʤ2019ʥʁೖຌͶ͕͜ΖऀճదϱϏέφ౦ࣁ ݳয় 2018ɾʤΨϱϧϱʥɾघʬhttp://www.siif.or.jp/wp-content/uploads/2019/04/G8-Impact_Investment_2018-2.pdfʭɿ 15ʥ ૱ݜʤ2016ʥʁλʖεϡϩʀϱϏέφʀϚϱχࠅ ࡏద͵ொླྀ 16ʥ הࣞճऀೖຌ૱ݜڂॶʤ2018ʥʁλʖεϡϩʀϱϏέ φʀϚϱχٶͶͪ͜՟ୌͳఴʛસࠅ࣑ࣙରΠϱί ʖφࠬ݃ՎΝಁΉ͓ͱɾʤΨϱϧϱʥɾघʬhttps:// www.jri.co.jp/page.jsp?id=32806ʭɿ
17ʥ Michael J. Roy, Neil McHugh, & Stephen Sinclair (2018)ʤ ࢂ ল 2019.9.18ʥʁA Critical Reflection on Social Impact Bonds, Stanford Social Innovation Reviewɾʤ Ψ ϱ ϧ ϱ ʥɾ घ ʬhttps://ssir.org/articles/entry/a_critical_reflection_on_social_
impact_bondsʭɿ