A squeezed light generator comprises an arbitrary optical fiber, a means for temporally separating two linearly polarized components, two Faraday rotators and a high-reflection mirror. Pulse lights that are temporally separated into two orthogonally polarized components at an intensity ratio of 50:50 are reciprocatively propagated in the optical fiber, and the polarized light is rotated by 90.degree. in an outward transmission. Since those two polarized components pass through the optical paths which are accurately equal to each other in the outward and homeward transmissions, those two polarized components interfere with each other accurately at 50:50 after reciprocation through the fiber. The interfered beam is separated by a polarizing beam splitter that is high in an extinction ratio. When the polarized lights before inputting the fiber and after reciprocating coincide with each other, it is unnecessary to maintain the polarization in the fiber propagation, and an arbitrary fiber can be used.