{"id":1250,"date":"2015-07-08T17:59:48","date_gmt":"2015-07-08T08:59:48","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=1250"},"modified":"2015-07-09T06:17:37","modified_gmt":"2015-07-08T21:17:37","slug":"%e6%97%a5%e7%b5%8c%e5%b9%b3%e5%9d%87%e6%80%a5%e8%90%bd%e3%80%81%e4%b8%ad%e5%9b%bd%e6%a0%aa%e6%9a%b4%e8%90%bd%e3%80%81%e4%b8%96%e7%95%8c%e5%90%8c%e6%99%82%e6%a0%aa%e5%ae%89%e3%81%ae%e5%8e%9f%e5%9b%a0","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1250","title":{"rendered":"\u65e5\u7d4c\u5e73\u5747\u6025\u843d\u3001\u4e2d\u56fd\u682a\u66b4\u843d\u3001\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u3092\u63a2\u308b: 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href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1247\">\u524d\u65e5\u306e\u8a18\u4e8b<\/a>\u3067\u5f31\u6c17\u76f8\u5834\u3092\u793a\u5506\u3057\u305f\u3068\u3053\u308d\u3067\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u826f\u3059\u304e\u305f\u306e\u3060\u304c\u3001\u3082\u3046\u4e00\u5ea6\u305d\u306e\u90e8\u5206\u3092\u5f15\u7528\u3057\u3088\u3046\u3002<\/p>\n<blockquote><p>\u682a\u5f0f\u5e02\u5834\u306e\u4e16\u754c\u7684\u306a\u8352\u308c\u6a21\u69d8\u3068\u306f\u5bfe\u7167\u7684\u306b\u3001\u500b\u4eba\u7684\u306b\u306f\u91d1\u878d\u5e02\u5834\u306f\u3042\u307e\u308a\u306b\u51ea\u3067\u3042\u308b\u3068\u601d\u3063\u3066\u3044\u308b\u3002\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u307b\u3068\u3093\u3069\u6301\u3063\u3066\u3044\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002\u500b\u5225\u682a\u306f\u5225\u3068\u3057\u3066\u3001\u30de\u30af\u30ed\u7684\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u307b\u3068\u3093\u3069\u7cbe\u7b97\u3057\u3066\u3057\u307e\u3063\u305f\u3002\u6295\u8cc7\u5148\u304c\u898b\u3064\u304b\u3089\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u682a\u5f0f\u306f\u9ad8\u3059\u304e\u3001\u50b5\u5238\u306f\u30d0\u30d6\u30eb\u3067\u3042\u308b\u304c\u4e00\u5ea6\u306e\u5229\u4e0a\u3052\u3067\u306f\u63fa\u308b\u304c\u305a\u3001\u30c9\u30eb\u5186\u3082\u30e6\u30fc\u30ed\u30c9\u30eb\u3082\u307e\u3060\u9ad8\u304f\u3001\u91d1\u306e\u8cb7\u3044\u6642\u306f\u307e\u3060\u3067\u3042\u308a\u3001\u30ae\u30ea\u30b7\u30e3\u306e\u682a\u5f0f\u5e02\u5834\u306f\u9589\u307e\u3063\u3066\u3044\u308b\u3002\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u3053\u308c\u307b\u3069\u7cbe\u7b97\u3057\u305f\u306e\u306f\u30012013\u5e745\u6708\u306e\u65e5\u672c\u5e02\u5834\u306e\u6025\u843d\u524d\u4ee5\u6765\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n<p>\u304b\u304f\u3057\u30662013\u5e745\u6708\u4ee5\u6765\u306e\u6025\u843d\u3068\u306a\u308a\u305d\u3046\u3067\u3042\u308b\u3002<\/p>\n<p><!--more-->\u3053\u306e\u6d41\u308c\u306f\u4ee5\u524d\u3088\u308a\u793a\u5506\u3057\u3066\u304d\u305f\u300c\u5229\u4e0a\u3052\u524d\u306e\u6025\u843d\u300d\u3067\u3042\u308a\u3001\u305d\u3057\u3066\u3053\u308c\u306f\u300c\u672c\u5f53\u306e\u66b4\u843d\u300d\u3067\u306f\u306a\u3044\u306e\u3082\u66f8\u3044\u3066\u304d\u305f\u901a\u308a\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e2\u3064\u306e\u8a18\u4e8b\u304c\u53c2\u8003\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<ul>\n<li><a title=\"2015\u5e74\u3001\u7c73\u56fd\u5229\u4e0a\u3052\u307e\u3067\u306e\u6295\u8cc7\u6226\u7565\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/851\">2015\u5e74\u3001\u7c73\u56fd\u5229\u4e0a\u3052\u307e\u3067\u306e\u6295\u8cc7\u6226\u7565<\/a><\/li>\n<li><a title=\"Form 13F: \u30bd\u30ed\u30b9\u6c0f\u306f\u7c73\u56fd\u682a\u66b4\u843d\u3092\u8b66\u6212\u3001\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u3082\u7a7a\u58f2\u308a\u62e1\u5927\u3078\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1089\">Form 13F: \u30bd\u30ed\u30b9\u6c0f\u306f\u7c73\u56fd\u682a\u66b4\u843d\u3092\u8b66\u6212\u3001\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u3082\u7a7a\u58f2\u308a\u62e1\u5927\u3078<\/a><\/li>\n<\/ul>\n<p>\u3053\u308c\u3089\u306e\u8a18\u4e8b\u3067\u306f\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u4eca\u5e74\u4e2d\u306b\u7c73\u56fd\u306e\u5229\u4e0a\u3052\u3067\u682a\u5f0f\u5e02\u5834\u304c\u3069\u308c\u3060\u3051\u4e0b\u843d\u3057\u3088\u3046\u3068\u3082\u3001\u305d\u308c\u306f\u672c\u5f53\u306e\u66b4\u843d\u3067\u306f\u306a\u3044\u3053\u3068\u3082\u66f8\u3044\u305f\u3002<\/p><\/blockquote>\n<p>\u6295\u8cc7\u6226\u7565\u306e\u8a18\u4e8b\u3067\u91cd\u8981\u306a\u306e\u306f\u6b21\u306e\u90e8\u5206\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u4eee\u306b\u3001\u682a\u5f0f\u5e02\u5834\u304c\u5229\u4e0a\u3052\u307e\u3067\u306b\u62bc\u3057\u76ee\u3089\u3057\u3044\u62bc\u3057\u76ee\u3082\u4f5c\u3089\u306a\u3044\u5834\u5408\u306f\u3001\u91cf\u7684\u7de9\u548c\u3067\u4f5c\u308a\u4e0a\u3052\u3089\u308c\u305f\u30d0\u30d6\u30eb\u306f\u9577\u7d9a\u304d\u305b\u305a\u5d29\u58ca\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u306a\u308b\u3002\u3057\u304b\u3057\u3001\u5229\u4e0a\u3052\u524d\u5f8c\u306b\u304a\u3051\u308b\u682a\u5f0f\u5e02\u5834\u306e\u6025\u843d\u304c\u5927\u304d\u3051\u308c\u3070\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u7e54\u308a\u8fbc\u3093\u3060\u3068\u3059\u308b\u5e02\u5834\u306e\u81ea\u4fe1\u306f\u5f37\u304f\u306a\u308a\u3001\u5229\u4e0a\u3052\u5f8c\u306e\u30d0\u30d6\u30eb\u76f8\u5834\u306f\u5927\u304d\u304f\u9577\u3044\u3082\u306e\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u5fd8\u308c\u3066\u306f\u306a\u3089\u306a\u3044\u306e\u306f\u3001\u3069\u308c\u307b\u3069\u6025\u843d\u304c\u5927\u304d\u304f\u306a\u308d\u3046\u3068\u3082\u3001\u3053\u308c\u304b\u3089\u5229\u4e0a\u3052\u307e\u3067\u306b\u5e02\u5834\u3067\u8e0a\u3063\u3066\u3044\u308b\u306e\u306f\u6295\u6a5f\u7b4b\u306e\u307f\u3067\u3042\u308a\u3001\u672c\u5f53\u306b\u91cd\u8981\u306a\u5bb6\u8a08\u3084\u5e74\u91d1\u306a\u3069\u306e\u8cc7\u91d1\u306f\u7d20\u77e5\u3089\u306c\u3075\u308a\u3067\u3001\u56fd\u50b5\u3084\u793e\u50b5\u306e\u5229\u56de\u308a\u304c\u4e0a\u304c\u308b\u306e\u3092\u5f85\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u5f7c\u3089\u306e\u58f2\u308a\u306f\u3001\u5229\u4e0a\u3052\u3092\u4e57\u308a\u8d8a\u3048\u305f\u3068\u6162\u5fc3\u3057\u5207\u3063\u3066\u3044\u308b\u682a\u5f0f\u5e02\u5834\u306b\u964d\u308a\u6ce8\u304e\u3001\u672c\u5f53\u306e\u66b4\u843d\u3092\u5f15\u304d\u8d77\u3053\u3059\u3053\u3068\u306b\u306a\u308b\u3002\u305d\u308c\u306f\u307e\u3060\u5148\u306e\u8a71\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u6295\u8cc7\u5bb6\u306f\u305d\u308c\u307e\u3067\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u3057\u3063\u304b\u308a\u898b\u636e\u3048\u3001\u53d6\u308b\u3053\u3068\u306e\u3067\u304d\u308b\u30ea\u30b9\u30af\u306e\u307f\u3092\u53d6\u3063\u3066\u3044\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u304b\u304f\u3057\u3066\u305d\u306e\u6642\u304c\u6765\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3044\u305a\u308c\u306f\u53cd\u767a\u3059\u308b\u3053\u3068\u3082\u5206\u304b\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u3044\u307e\u306f\u7a7a\u58f2\u308a\u3082\u3057\u3066\u3044\u306a\u3044\u3002\u672c\u5f53\u306e\u66b4\u843d\u306f1-3\u5e74\u5f8c\u306b\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n<p><strong>\u4f55\u6545\u5e02\u5834\u306f\u6025\u843d\u3057\u305f\u304b<\/strong><\/p>\n<p>\u76ee\u5148\u306e\u76f8\u5834\u306e\u5206\u6790\u306b\u623b\u308d\u3046\u3002\u5148\u305a\u306f\u3001\u308f\u305f\u3057\u304c\u307b\u3068\u3093\u3069\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7cbe\u7b97\u3057\u305f\u7406\u7531\u3067\u3042\u308b\u3002<\/p>\n<p>\u7c73\u56fd\u304c\u91cf\u7684\u7de9\u548c\u3092\u958b\u59cb\u3057\u3066\u4ee5\u6765\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30de\u30af\u30ed\u306e\u6295\u8cc7\u5bb6\u306b\u306f\u5e38\u306b\u4f55\u3089\u304b\u306e\u30c8\u30ec\u30f3\u30c9\u30d5\u30a9\u30ed\u30fc\u304c\u53ef\u80fd\u3067\u3042\u3063\u305f\u3002\u7c73\u56fd\u682a\u306f\u4e0a\u6607\u3057\u30012012\u5e74\u306b\u65e5\u9280\u304c\u91cf\u7684\u7de9\u548c\u3092\u958b\u59cb\u3057\u3066\u304b\u3089\u306f\u3001\u4e16\u754c\u4e2d\u306e\u6295\u8cc7\u5bb6\u304c\u5186\u5b89\u682a\u9ad8\u306e\u30c8\u30ec\u30f3\u30c9\u306b\u4e57\u3063\u305f\u3002\u65e5\u672c\u306e\u8cc7\u7523\u682a\u306f\u5927\u3044\u306b\u4e0a\u6607\u3057\u305f\u3002<\/p>\n<p>2015\u5e74\u306e\u59cb\u3081\u306bECB\u304c\u91cf\u7684\u7de9\u548c\u3092\u958b\u59cb\u3057\u305f\u3053\u3068\u3067\u3001\u6295\u8cc7\u5bb6\u306f\u30e6\u30fc\u30ed\u5b89\u3068\u6b27\u5dde\u682a\u3092\u8cb7\u3063\u305f\u3002\u3053\u3053\u3067\u3082\u6b27\u5dde\u306e\u8cc7\u7523\u682a\u3092\u7d39\u4ecb\u3057\u3001\u305d\u308c\u3089\u306f\u3059\u3079\u3066\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u305d\u306e\u6b21\u306e\u30c8\u30ec\u30f3\u30c9\u304c\u7121\u3044\u3053\u3068\u306b\u3075\u3068\u6c17\u4ed8\u3044\u305f\u306e\u3067\u3042\u308b\u3002\u524d\u65e5\u306e\u8a18\u4e8b\u3067\u306f\u5358\u306b\u3001\u9b45\u529b\u7684\u306a\u6295\u8cc7\u5148\u304c\u306a\u3044\u3068\u8868\u73fe\u3057\u305f\u304c\u3001\u8981\u3059\u308b\u306b\u6295\u8cc7\u5bb6\u304c\u4e57\u308b\u3079\u304d\u30c8\u30ec\u30f3\u30c9\u304c\u7121\u304f\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u3002\u3053\u308c\u306f\u7c73\u56fd\u304c\u91cf\u7684\u7de9\u548c\u3092\u958b\u59cb\u3057\u3066\u4ee5\u6765\u521d\u3081\u3066\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u8cb7\u3044\u4e0b\u304c\u308a\u306e\u3067\u304d\u308b\u3082\u306e\u306f\u3042\u308b\u304b\uff1f<\/strong><\/p>\n<p>\u4eca\u56de\u306e\u6025\u843d\u304c\u3069\u306e\u7a0b\u5ea6\u306e\u3082\u306e\u306b\u306a\u308b\u306e\u304b\u3092\u6b63\u78ba\u306b\u4e88\u60f3\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u304c\u3001\u91cf\u7684\u7de9\u548c\u306e\u5ef6\u9577\u306a\u3069\u5f53\u5c40\u304c\u4f55\u304b\u65b0\u305f\u306a\u767a\u8868\u3092\u3057\u306a\u3044\u9650\u308a\u3001\u4e57\u308b\u3079\u304d\u30c8\u30ec\u30f3\u30c9\u306e\u4e0d\u5728\u3068\u3044\u3046\u72b6\u6cc1\u306f\u5909\u308f\u308b\u308f\u3051\u3067\u3082\u306a\u3044\u3002<\/p>\n<p>\u4e00\u3064\u8a00\u3048\u308b\u306e\u306f\u3001\u4e2d\u56fd\u306e\u666f\u6c17\u6e1b\u901f\u61f8\u5ff5\u304b\u3089\u539f\u6cb9\u304c\u6025\u843d\u3057\u3066\u304a\u308a\u3001\u7269\u4fa1\u304c\u4e0b\u304c\u308c\u3070\u65e5\u9280\u306e\u8ffd\u52a0\u7de9\u548c\u306f\u4e00\u756a\u6709\u308a\u5f97\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u5186\u5b89\u30c8\u30ec\u30f3\u30c9\u306f\u5065\u5728\u3068\u306a\u308b\u3002<\/p>\n<p>\u30c9\u30eb\u5186\u306b\u3064\u3044\u3066\u306f115-120\u3067\u306e\u8cb7\u3044\u3092\u63a8\u5968\u3057\u3066\u3044\u308b\u304c\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u307e\u308a\u3046\u308b\u3053\u3068\u306f\u5ff5\u982d\u306b\u7f6e\u3044\u305f\u65b9\u304c\u826f\u3044\u3060\u308d\u3046\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3082\u53c2\u8003\u306b\u3057\u3066\u307b\u3057\u3044\u3002<\/p>\n<ul>\n<li><a title=\"2015\u5e74\u3001\u65e5\u9280\u304c\u8ffd\u52a0\u7de9\u548c\u3092\u3059\u308c\u3070\u30c9\u30eb\u5186\u306f\u3069\u3046\u306a\u308b\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1042\">2015\u5e74\u3001\u65e5\u9280\u304c\u8ffd\u52a0\u7de9\u548c\u3092\u3059\u308c\u3070\u30c9\u30eb\u5186\u306f\u3069\u3046\u306a\u308b\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u3082\u3046\u4e00\u3064\u8cb7\u3044\u4e0b\u304c\u308c\u308b\u3068\u3059\u308c\u3070\u65e2\u306b\u304b\u306a\u308a\u4e0b\u304c\u3063\u3066\u3044\u308b\u6b27\u5dde\u682a\u3060\u304c\u3001\u9298\u67c4\u306f\u76f8\u5f53\u53b3\u9078\u3057\u305f\u65b9\u304c\u826f\u3044\u3002<\/p>\n<p>\u3053\u308c\u307e\u3067\u7d39\u4ecb\u3057\u3066\u304d\u305f\u30d1\u30ea\u306e\u4e0d\u52d5\u7523\u4f1a\u793eGecina (EURONEXT:GFC\u3001<a href=\"https:\/\/www.google.com\/finance?q=EPA:GFC\">Google Finance<\/a>)\u3084\u30d5\u30e9\u30f3\u30af\u30d5\u30eb\u30c8\u56fd\u969b\u7a7a\u6e2f\u3092\u4fdd\u6709\u3059\u308bFraport (XETRA:FRA\u3001<a href=\"https:\/\/www.google.com\/finance?q=ETR:FRA\" target=\"_blank\">Google Finance<\/a>)\u306a\u3069\u306e\u8cc7\u7523\u682a\u306f\u3001\u91cf\u7684\u7de9\u548c\u524d\u306e\u30ec\u30f3\u30b8\u306b\u8fd1\u3065\u304d\u3001\u3042\u3068\u5c11\u3057\u3067\u8cb7\u3044\u4e0b\u304c\u308c\u308b\u6c34\u6e96\u3067\u3042\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u4e2d\u56fd\u306e\u666f\u6c17\u304c\u5927\u5e45\u306b\u6e1b\u901f\u3059\u308b\u61f8\u5ff5\u304c\u3042\u308b\u305f\u3081\u3001\u3053\u308c\u307e\u3067\u7d39\u4ecb\u3057\u3066\u304d\u305fDaimler (XETRA:DAI\u3001<a href=\"https:\/\/www.google.com\/finance?cid=677263\" target=\"_blank\">Google Finance<\/a>)\u306a\u3069\u306e\u8f38\u51fa\u682a\u306f\u3001\u907f\u3051\u305f\u65b9\u304c\u826f\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u9006\u306b\u8a00\u3048\u3070\u3001\u539f\u6cb9\u5b89\u3067\u6069\u6075\u3092\u53d7\u3051\u308b\u30a4\u30ae\u30ea\u30b9\u306e\u683c\u5b89\u822a\u7a7a\u4f1a\u793eEasyjet (LON:EZJ\u3001<a href=\"https:\/\/www.google.com\/finance?q=LON:EZJ\" target=\"_blank\">Google Finance<\/a>)\u306a\u3069\u306f\u3001\u3042\u306810%\u4e0b\u304c\u308c\u3070\u8cb7\u3044\u306b\u884c\u3051\u308b\u6c34\u6e96\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u6025\u843d\u306e\u5ea6\u5408\u3044\u304b\u3089\u5c06\u6765\u306e\u30d0\u30d6\u30eb\u306e\u5927\u304d\u3055\u3092\u898b\u6975\u3081\u3088<\/strong><\/p>\n<p>\u3044\u305a\u308c\u306b\u305b\u3088\u500b\u5225\u682a\u306e\u4e16\u754c\u3067\u3042\u308a\u3001\u500b\u5225\u3092\u8cb7\u3046\u3068\u304d\u306b\u306f\u3001\u6307\u6570\u306e\u7a7a\u58f2\u308a\u3001\u6050\u3089\u304fS&amp;P 500\u306e\u58f2\u308a\u3092\u6df7\u305c\u308b\u3079\u304d\u3067\u3042\u308b\u3002\u682a\u5f0f\u5e02\u5834\u5168\u4f53\u304c\u3044\u3064\u4e0b\u3052\u6b62\u307e\u308b\u304b\u306b\u8ced\u3051\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u4e0a\u3067\u7d39\u4ecb\u3057\u305f\u8a18\u4e8b\u3067\u3082\u66f8\u3044\u305f\u3088\u3046\u306b\u3001\u4eca\u56de\u4f55\u51e6\u307e\u3067\u4e0b\u304c\u308b\u304b\u306b\u3088\u3063\u3066\u3001\u3053\u306e\u30d0\u30d6\u30eb\u304c\u6765\u5e74\u4ee5\u964d\u4f55\u51e6\u307e\u3067\u884c\u304f\u306e\u304b\u3092\u898b\u6975\u3081\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"2015\u5e74\u3001\u7c73\u56fd\u5229\u4e0a\u3052\u307e\u3067\u306e\u6295\u8cc7\u6226\u7565\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/851\">2015\u5e74\u3001\u7c73\u56fd\u5229\u4e0a\u3052\u307e\u3067\u306e\u6295\u8cc7\u6226\u7565<\/a><\/li>\n<\/ul>\n<p>\u30ae\u30ea\u30b7\u30e3\u554f\u984c\u304c\u89e3\u6c7a\u3059\u308c\u3070\u682a\u5f0f\u5e02\u5834\u306f\u4e00\u6642\u7684\u306b\u53cd\u767a\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u305d\u308c\u304c\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u89e3\u6c7a\u3059\u308b\u304b\u3069\u3046\u304b\u306f\u3084\u3084\u61d0\u7591\u7684\u3067\u3042\u308b\u3002\u4e0a\u8a18\u3067\u8ff0\u3079\u305f\u3001\u30c8\u30ec\u30f3\u30c9\u306e\u4e0d\u5728\u3068\u3044\u3046\u554f\u984c\u306f\u5909\u308f\u3089\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u3046\u3044\u3046\u76f8\u5834\u3067\u306f\u3001\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u3067\u306f\u306a\u304f\u8cc7\u91d1\u306e\u6d41\u308c\u3092\u8aad\u3080\u80fd\u529b\u304c\u5fc5\u8981\u3068\u306a\u308b\u3002\u3053\u308c\u307e\u3067\u306e\u30d0\u30d6\u30eb\u304c\u3069\u3046\u3044\u3046\u3082\u306e\u3067\u3042\u3063\u305f\u304b\u3001\u6b74\u53f2\u3092\u601d\u3044\u51fa\u305d\u3046\u3002<\/p>\n<ul>\n<li><a title=\"\u30d7\u30e9\u30b6\u5408\u610f\u304b\u3089\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u307e\u3067\u3092\u632f\u308a\u8fd4\u308b\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/933\">\u30d7\u30e9\u30b6\u5408\u610f\u304b\u3089\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u307e\u3067\u3092\u632f\u308a\u8fd4\u308b<\/a><\/li>\n<li><a title=\"2015\u5e74\u306e\u76f8\u5834\u306f\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306b\u4f3c\u3066\u3044\u308b\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/963\">2015\u5e74\u306e\u76f8\u5834\u306f\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306b\u4f3c\u3066\u3044\u308b\u304b\uff1f<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>7\u67088\u65e5\u306e\u65e5\u7d4c\u5e73\u5747\u306f600\u5186\u5b89\u30013%\u4ee5\u4e0a\u306e\u6025\u843d\u3068\u306a\u3063\u305f\u3002\u4e0a\u6d77\u5e02\u5834\u306f5.9%\u5b89\u3068\u3001\u4e2d\u56fd\u653f\u5e9c\u306e\u4ecb\u5165\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u66b4\u843d\u304c\u6b62\u307e\u3089\u306a\u3044\u3002 \u6298\u3057\u3082\u524d\u65e5\u306e\u8a18\u4e8b\u3067\u5f31\u6c17\u76f8\u5834\u3092\u793a\u5506\u3057\u305f\u3068\u3053\u308d\u3067\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u826f\u3059\u304e\u305f\u306e\u3060\u304c\u3001\u3082\u3046\u4e00\u5ea6\u305d\u306e\u90e8\u5206\u3092 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1250\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u65e5\u7d4c\u5e73\u5747\u6025\u843d\u3001\u4e2d\u56fd\u682a\u66b4\u843d\u3001\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u3092\u63a2\u308b: \u539f\u56e0\u306f\u30ae\u30ea\u30b7\u30e3\u3067\u3082\u4e2d\u56fd\u3067\u3082\u306a\u3044<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,55,19,63,2],"tags":[22,76,7,17,18],"class_list":["post-1250","post","type-post","status-publish","format-standard","hentry","category-french-stocks","category-british-stocks","category-foreign-exchange-market","category-german-stocks","category-stocks","tag-bank-of-japan","tag-fraport-xetra-fra","tag-quantitative-easing","tag-ecb","tag-gecina-euronext-gfc"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=1250"}],"version-history":[{"count":4,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1250\/revisions"}],"predecessor-version":[{"id":1254,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1250\/revisions\/1254"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=1250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=1250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=1250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}