{"id":14272,"date":"2021-06-28T20:08:33","date_gmt":"2021-06-28T11:08:33","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=14272"},"modified":"2021-06-28T20:08:37","modified_gmt":"2021-06-28T11:08:37","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%ae%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e7%8e%87%e3%81%af5%e3%81%be%e3%81%a7%e4%b8%8a%e3%81%8c%e3%82%8a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14272","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f5%\u307e\u3067\u4e0a\u304c\u308a\u3001\u4eca\u5e74\u5f8c\u534a\u306b\u682a\u5f0f\u5e02\u5834\u306f\u8352\u308c\u308b"},"content":{"rendered":"\n<p>\u304b\u3064\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u52d9\u9577\u5b98\u3092\u52d9\u3081\u305f\u7d4c\u6e08\u5b66\u8005\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>2021\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387<\/strong><\/p>\n\n\n\n<p>\u4eca\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u30022020\u5e7412\u6708\u306eCPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306e\u6570\u5024\u306f261.560\u3067\u3042\u308a\u3001\u6700\u65b05\u6708\u306e\u6570\u5b57\u304c268.551\u306a\u306e\u3067\u3001\u6628\u5e74\u672b\u304b\u3089\u7269\u4fa1\u306f2.7%\u4e0a\u6607\u3057\u305f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u4e0a\u6607\u3057\u7d9a\u3051\u308b\u7269\u4fa1\u304c\u4eee\u306b\u3053\u308c\u304b\u3089\u5e74\u672b\u307e\u3067\u52d5\u304b\u306a\u304b\u3063\u305f\u3068\u3057\u3066\u3082\u4eca\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f2.7%\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u5b9f\u969b\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4eca\u5e74\u306e\u5f8c\u534a\u3082\u4e0a\u6607\u3092\u7d9a\u3051\u30012.7%\u3092\u5927\u304d\u304f\u4e0a\u56de\u308b\u6570\u5b57\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u4eca\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u3044\u304f\u3089\u306b\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3053\u306e\u6570\u5b57\u3092\u5177\u4f53\u7684\u306b\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u4eca\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f5%\u306b\u304b\u306a\u308a\u8fd1\u3044\u3082\u306e\u306b\u306a\u308b\u3060\u308d\u3046\u3068\u63a8\u6e2c\u3057\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u7387\u304c5%\u306b\u306a\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u4eba\u3005\u306e\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3055\u306a\u3044\u3068\u3059\u308c\u3070\u9a5a\u304d\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u4eca\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c5%\u8fd1\u304f\u306b\u306a\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u7d4c\u6e08\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u306e\u306f\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u3067\u3042\u308b\u3002\u7269\u4fa1\u304c\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u3068\u4eba\u3005\u304c\u5224\u65ad\u3059\u308c\u3070\u3001\u66f4\u306b\u3082\u306e\u3092\u8cb7\u3044\u306b\u8d70\u3063\u305f\u308a\u3001\u8cb4\u91d1\u5c5e\u306a\u3069\u306b\u6295\u8cc7\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u9003\u308c\u3088\u3046\u3068\u3059\u308b\u3060\u308d\u3046\u3002\u305d\u306e\u52d5\u304d\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u66f4\u306b\u52a0\u901f\u3057\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u5b9f\u969b\u306b\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u304c\u52a0\u901f\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u8aac\u660e\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u305f\u3063\u305f3\u9031\u9593\u524d\u306b\u306f\u4eca\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u304c3%\u306b\u306a\u308b\u3068\u3044\u3046\u89b3\u6e2c\u304c\u5927\u304d\u306a\u30cb\u30e5\u30fc\u30b9\u3068\u3057\u3066\u53d7\u3051\u53d6\u3089\u308c\u305f\u3002\u308f\u305f\u3057\u306fBloomberg\u306e\u756a\u7d44\u3067\u307b\u3068\u3093\u3069\u6bce\u9031\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3092\u4e0a\u56de\u308b\u3068\u3044\u3046\u4e88\u60f3\u3092\u3057\u3066\u7684\u4e2d\u3055\u305b\u3066\u304d\u305f\u3002\u305d\u3057\u3066\u305d\u308c\u304c\u4eca\u3067\u3082\u308f\u305f\u3057\u306e\u898b\u89e3\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u306f\u4e00\u6642\u7684\u304b<\/strong><\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u30a4\u30f3\u30d5\u30ec\u304c\u4e00\u6642\u7684\u3060\u3068\u3044\u3046\u898b\u89e3\u3082\u3042\u308b\u3002Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u7279\u306b\u6839\u62e0\u3082\u793a\u3055\u305a\u306b\u30a4\u30f3\u30d5\u30ec\u3092\u4e00\u6642\u7684\u3060\u3068\u4e3b\u5f35\u3057\u3001\u3057\u304b\u3082\u305d\u306e\u5f8c\u30a4\u30f3\u30d5\u30ec\u306b\u5bfe\u6297\u3059\u308b\u305f\u3081\u306e\u5229\u4e0a\u3052\u306e\u5fc5\u8981\u6027\u3092\u793a\u3057\u3066\u5e02\u5834\u3092\u6df7\u4e71\u3055\u305b\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14085\" data-type=\"post\" data-id=\"14085\">6\u6708FOMC\u4f1a\u5408\u7d50\u679c\u3067\u682a\u5f0f\u5e02\u5834\u304c\u4e0b\u843d\u3057\u305f\u7406\u7531<\/a><\/li><\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u4e00\u6642\u7684\u3067\u3042\u308b\u3068\u4e3b\u5f35\u3057\u3001\u305d\u306e\u7406\u7531\u3092\u8a73\u3057\u304f\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14005\" data-type=\"post\" data-id=\"14005\">\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f: \u30a4\u30f3\u30d5\u30ec\u306f\u4e00\u6642\u7684\u3067\u7d9a\u304b\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u7269\u4fa1\u304c\u4e0a\u304c\u308a\u7d9a\u3051\u308c\u3070\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u4f4e\u91d1\u5229\u306b\u4f9d\u5b58\u3057\u3066\u304d\u305f\u682a\u5f0f\u5e02\u5834\u306b\u30de\u30a4\u30ca\u30b9\u306e\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3053\u3068\u306b\u306a\u308b\u3002\u3060\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u306f\u682a\u5f0f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u554f\u984c\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u4e00\u6642\u7684\u304b\u3068\u3044\u3046\u554f\u984c\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u4e2d\u592e\u9280\u884c\u304c\u4e00\u6642\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u5b58\u5728\u3057\u3066\u3044\u308b\u3068\u8a00\u3046\u306e\u306f\u660e\u3089\u304b\u306b\u6b63\u3057\u3044\u3002\u3057\u304b\u3057\u30a4\u30f3\u30d5\u30ec\u306f\u73fe\u57286%\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u304c\u3001\u305d\u308c\u304c\u305a\u3063\u3068\u7d9a\u304f\u3068\u306f\u8ab0\u3082\u601d\u3063\u3066\u3044\u306a\u3044\u3002<\/p><p>\u554f\u984c\u306f\u3001\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u5927\u90e8\u5206\u304c\u4e00\u6642\u7684\u306a\u3082\u306e\u306a\u306e\u304b\u3001\u3042\u308b\u3044\u306f6%\u304b\u3089\u4e0b\u304c\u3063\u3066\u3082\u307e\u3060\u9ad8\u904e\u304e\u308b\u6c34\u6e96\u306b\u7559\u307e\u308b\u306e\u304b\u3069\u3046\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u30673\u6708\u306b\u884c\u308f\u308c\u305f3\u5ea6\u76ee\u306e\u73fe\u91d1\u7d66\u4ed8\u306e\u77ed\u671f\u7684\u52b9\u679c\u3084\u822a\u7a7a\u5238\u306e\u4fa1\u683c\u56de\u5fa9\u306a\u3069\u3001\u77ed\u671f\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u52b9\u679c\u304c\u5b58\u5728\u3059\u308b\u3053\u3068\u3092\u8a8d\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u540c\u6642\u306b\u3001\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u306b\u306f\u9577\u671f\u7684\u306a\u8981\u56e0\u3082\u3042\u308b\u3068\u9577\u3089\u304f\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u8a73\u3057\u3044\u8a71\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u5831\u3058\u3066\u3044\u308b\u306e\u3067\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/13697\" data-type=\"post\" data-id=\"13697\">\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a4\u30f3\u30d5\u30ec\u30ea\u30b9\u30af\u306f\u672c\u7269\u3001\u5229\u4e0a\u3052\u3067\u666f\u6c17\u5f8c\u9000\u3078<\/a><\/li><\/ul>\n\n\n\n<p>\u77ed\u671f\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u8981\u7d20\u304c\u904e\u304e\u53bb\u3063\u305f\u6642\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4f55\u51e6\u306b\u7740\u5730\u3059\u308b\u3060\u308d\u3046\u304b\u3002\u5e02\u5834\u306e\u4e88\u60f3\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u73fe\u57282.3%\u4ed8\u8fd1\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-us-10-year-breakeven-inflation.rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"471\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-us-10-year-breakeven-inflation.rate-chart.png\" alt=\"\" class=\"wp-image-14274\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-us-10-year-breakeven-inflation.rate-chart.png 471w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-us-10-year-breakeven-inflation.rate-chart-300x298.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-us-10-year-breakeven-inflation.rate-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-us-10-year-breakeven-inflation.rate-chart-120x120.png 120w\" sizes=\"auto, (max-width: 471px) 100vw, 471px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u524d\u306e\u6c34\u6e96\u3088\u308a\u9ad8\u3044\u6570\u5b57\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u305d\u308c\u3067\u30826%\u304b\u3089\u306f\u7a0b\u9060\u3044\u3002\u7740\u5730\u3059\u308b\u6c34\u6e96\u304c4%\u306a\u3089\u3070\u3053\u3053\u304b\u3089\u4e88\u60f3\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u9577\u671f\u91d1\u5229\u306f\u6025\u9a30\u3059\u308b\u3060\u308d\u3046\u3002\u30a4\u30f3\u30d5\u30ec\u304c3%\u3067\u3082\u3084\u306f\u308a\u91d1\u5229\u306f\u4e0a\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3053\u3046\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u4eca\u5e74\u306f\u5f8c\u534a\u306e6\u30f6\u6708\u3067\u91d1\u5229\u306f\u4e0a\u6607\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u5e02\u5834\u306f\u6050\u3089\u304f\u66f4\u306b\u8352\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u61f8\u5ff5\u306f\u5f53\u305f\u308b\u3060\u308d\u3046\u304b\u3002\u7c73\u56fd\u682a\u306f\u4eca\u306e\u3068\u3053\u308d\u5e02\u5834\u6700\u9ad8\u5024\u570f\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"378\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-14288\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-s-and-p-500-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2021-6-28-s-and-p-500-chart-300x185.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\u304b\u3064\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u52d9\u9577\u5b98\u3092\u52d9\u3081\u305f\u7d4c\u6e08\u5b66\u8005\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118,108],"tags":[98],"class_list":["post-14272","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-larry-summers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/14272","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=14272"}],"version-history":[{"count":18,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/14272\/revisions"}],"predecessor-version":[{"id":14292,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/14272\/revisions\/14292"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=14272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=14272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=14272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}