This paper presents a new learning method for automatic acquisition of translation knowledge from parallel corpora. We apply this learning method to automatic extraction of bilingual word pairs from parallel corpora. In general, similarity measures are used to extract bilingual word pairs from parallel corpora. However, similarity measures are insufficient because of the sparse data problem. The essence of our learning method is this presumption: in local parts of bilingual sentence pairs, the equivalents of words that adjoin the source language words of bilingual word pairs also adjoin the target language words of bilingual word pairs. Such adjacent information is acquired automatically in our method. We applied our method to systems based on various similarity measures, thereby confirming the effectiveness of our method.