A two-point modulator using a 
voltage control oscillator includes: a modulation section including a feedback circuit for performing 
feedback control of a 
signal outputted from the 
voltage control oscillator based on an inputted modulated 
signal, and a feedforward circuit for calibrating the modulated 
signal and outputting the calibrated modulated signal to the 
voltage control oscillator; a signal output section for, upon calibration 
processing, outputting a predetermined reference signal in place of the modulated signal, to the modulation section; and a 
gain correction section for, in a state where the feedback circuit is in an open loop state, calculating a frequency transition amount of the reference signal outputted from the 
voltage control oscillator, and correcting a 
gain used for calibration of the modulated signal performed by the feedforward circuit, based on the calculated frequency transition amount.