{"id":19896,"date":"2022-02-14T20:04:00","date_gmt":"2022-02-14T11:04:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=19896"},"modified":"2022-02-14T23:33:10","modified_gmt":"2022-02-14T14:33:10","slug":"%e7%b1%b3%e5%9b%bd%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e3%81%ab%e3%82%88%e3%82%8b%e3%83%89%e3%83%ab%e9%ab%98%e3%81%af%e7%b5%b6%e5%af%be%e3%81%ab%e6%8c%81%e7%b6%9a%e3%81%9b%e3%81%9a%e3%83%89%e3%83%ab","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19896","title":{"rendered":"2022\u5e74\u30c9\u30eb\u5186\u306e\u63a8\u79fb\u4e88\u60f3: \u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u30c9\u30eb\u9ad8\u306f\u6301\u7d9a\u305b\u305a\u30c9\u30eb\u5186\u66b4\u843d\u3078"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u3067\u4e2d\u592e\u9280\u884c\u306f\u5229\u4e0a\u3052\u3068\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306b\u52d5\u3044\u3066\u304a\u308a\u3001\u682a\u5f0f\u5e02\u5834\u304c\u8352\u308c\u3066\u304a\u308a\u3001\u4e00\u65b9\u3067\u91d1\u5c5e\u3084\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u3080\u3057\u308d\u597d\u8abf\u3060\u3068\u3044\u3046\u3053\u3068\u3092\u5831\u3058\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19713\" data-type=\"post\" data-id=\"19713\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u3082\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u304c\u4e0b\u843d\u3057\u3066\u3044\u306a\u3044\u7406\u7531<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u3053\u3067\u306f\u50b5\u5238\u5e02\u5834\u306b\u3064\u3044\u3066\u3082\u66f8\u3044\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u9577\u3089\u304f\u8a9e\u3063\u3066\u3044\u306a\u3044\u3082\u30461\u3064\u306e\u5e02\u5834\u304c\u3042\u308b\u3002\u70ba\u66ff\u5e02\u5834\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u682a\u5b89\u3067\u3082\u30c9\u30eb\u9ad8<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u7269\u4fa1\u304c\u9ad8\u9a30\u3057\u3066\u3044\u308b\u3002\u65e5\u672c\u306e3\u500d\u4ee5\u4e0a\u306e\u898f\u6a21\u3067\u884c\u308f\u308c\u305f\u73fe\u91d1\u7d66\u4ed8\u3068\u3001\u539f\u6cb9\u3084\u5929\u7136\u30ac\u30b9\u3078\u306e\u8cc7\u91d1\u4f9b\u7d66\u3092\u5f37\u5236\u7684\u306b\u505c\u6b62\u3059\u308b\u8131\u70ad\u7d20\u653f\u7b56\u306e\u305f\u3081\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19818\" data-type=\"post\" data-id=\"19818\">1969\u5e74\u306e\u7c73\u56fd\u30676%\u306e\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u3048\u308b\u305f\u3081\u306b\u3069\u308c\u3060\u3051\u306e\u5229\u4e0a\u3052\u304c\u5fc5\u8981\u3060\u3063\u305f\u304b<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16442\" data-type=\"post\" data-id=\"16442\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u3092\u9ad8\u9a30\u3055\u305b\u308b\u8131\u70ad\u7d20\u653f\u7b56\u306f\u5065\u5168\u3067\u306f\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u7d50\u679c\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u306e\u305f\u3081\u306b\u5229\u4e0a\u3052\u3068\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306b\u52d5\u304f\u3053\u3068\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19181\" data-type=\"post\" data-id=\"19181\">\u30a2\u30e1\u30ea\u30ab\u30012018\u5e74\u306e\u682a\u4fa1\u66b4\u843d\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3092\u767a\u8868<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u308c\u306f\u3053\u308c\u307e\u3067\u4f4e\u91d1\u5229\u3067\u4e0a\u304c\u3063\u3066\u304d\u305f\u682a\u5f0f\u5e02\u5834\u306b\u306f\u5927\u304d\u306a\u9006\u98a8\u3067\u3042\u308a\u3001\u7c73\u56fd\u306e\u4e3b\u8981\u682a\u4fa1\u6307\u6570\u3067\u3042\u308bS&amp;P 500\u306f\u8f9b\u3046\u3058\u3066\u8e0f\u307f\u6b62\u307e\u3063\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u7c73\u56fd\u306e\u5c0f\u578b\u682a\u6307\u6570Russell 2000\u3084\u65e5\u672c\u682a\u306a\u3069\u306f\u5148\u306b\u4e0b\u843d\u3092\u59cb\u3081\u3066\u3044\u308b\u3002\u3053\u3053\u3067\u306fRussell 2000\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u6319\u3052\u3066\u304a\u3053\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-russell-2000-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"762\" height=\"537\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-russell-2000-chart.png\" alt=\"\" class=\"wp-image-19898\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-russell-2000-chart.png 762w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-russell-2000-chart-300x211.png 300w\" sizes=\"auto, (max-width: 762px) 100vw, 762px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u306e\u52d5\u304d\u306f2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u6642\u3068\u540c\u3058\u4e0b\u843d\u9806\u5e8f\u3067\u3001\u4eca\u56de\u3082\u305d\u3046\u306a\u308b\u3060\u308d\u3046\u3068\u3044\u3046\u3053\u3068\u3092\u4e8b\u524d\u306b\u66f8\u3044\u3066\u304a\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19017\" data-type=\"post\" data-id=\"19017\">2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u306f\u4f55\u304b\u3089\u9806\u756a\u306b\u66b4\u843d\u3057\u305f\u304b\u3092\u632f\u308a\u8fd4\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u4e2d\u3067\u30c9\u30eb\u5186\u304c\u4e0b\u843d\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u6c17\u4ed8\u3044\u305f\u8aad\u8005\u3082\u5c45\u308b\u306e\u3067\u306f\u306a\u3044\u304b\uff1f\u3000\u30c9\u30eb\u5186\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-usdjpy-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"762\" height=\"537\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-usdjpy-chart.png\" alt=\"\" class=\"wp-image-19899\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-usdjpy-chart.png 762w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/2022-2-14-usdjpy-chart-300x211.png 300w\" sizes=\"auto, (max-width: 762px) 100vw, 762px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u30c9\u30eb\u306f\u4e0b\u843d\u3057\u306a\u3044\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u682a\u5b89\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u306a\u3044\u304b\u3080\u3057\u308d\u4e0a\u304c\u3063\u3066\u3044\u308b\u77ed\u671f\u7684\u306a\u7406\u7531\u306f\u7c73\u56fd\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u3042\u308b\u3002\u30c9\u30eb\u306e\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070\u30c9\u30eb\u3092\u4fdd\u6709\u3057\u305f\u3044\u4eba\u304c\u5897\u3048\u308b\u306e\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u3059\u308b\u9650\u308a\u30c9\u30eb\u306b\u306f\u4e0a\u6607\u5727\u529b\u306b\u306a\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u8003\u3048\u3066\u307b\u3057\u3044\u306e\u3060\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u5229\u4e0a\u3052\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u7406\u7531\u306f\u30a2\u30e1\u30ea\u30ab\u81ea\u8eab\u306e\u30a4\u30f3\u30d5\u30ec\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3068\u306f\u3082\u306e\u306e\u5024\u6bb5\u304c\u30c9\u30eb\u5efa\u3066\u3067\u4e0a\u304c\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u9006\u306b\u8a00\u3048\u3070\u30c9\u30eb\u306e\u4fa1\u5024\u304c\u3082\u306e\u306b\u5bfe\u3057\u3066\u4e0b\u304c\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306f\u73fe\u5728\u5e74\u95937.5%\u306e\u30a4\u30f3\u30d5\u30ec\u3068\u306a\u3063\u3066\u3044\u308b\u3002\u9006\u306b\u8a00\u3048\u3070\u305d\u306e\u5206\u30c9\u30eb\u7d19\u5e63\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u5186\u306f\u3068\u8a00\u3048\u3070\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u7406\u7531\u306b\u3088\u308a\u6b27\u7c73\u3088\u308a\u3082\u30a4\u30f3\u30d5\u30ec\u306f\u7de9\u3084\u304b\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u5186\u306e\u6e1b\u4fa1\u306f\u30c9\u30eb\u306e\u6e1b\u4fa1\u3088\u308a\u5c11\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18335\" data-type=\"post\" data-id=\"18335\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u4f55\u6545\u65e5\u672c\u5186\u306f\u66b4\u843d\u3057\u306a\u3044\u306e\u304b\uff1f<\/a><\/li><\/ul>\n\n\n\n<p>\u4eee\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u3067\u3082\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u3059\u308b\u9650\u308a\u306f\u30c9\u30eb\u304c\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u3068\u4eee\u5b9a\u3059\u308b\u3068\u3001\u56fd\u5185\u3067\u3069\u308c\u3060\u3051\u30c9\u30eb\u304c\u7d19\u5207\u308c\u306b\u306a\u3063\u3066\u3082\u70ba\u66ff\u76f8\u5834\u3060\u3051\u306f\u30c9\u30eb\u5b89\u306b\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u5947\u5999\u306a\u7d50\u8ad6\u306b\u884c\u304d\u7740\u304f\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u8d77\u3053\u308a\u5f97\u306a\u3044\u3002\u30a2\u30e1\u30ea\u30ab\u4eba\u306f\u6700\u7d42\u7684\u306b\u306f\u56fd\u5185\u3067\u7d19\u5207\u308c\u306b\u306a\u3063\u305f\u30c9\u30eb\u3092\u4ed6\u306e\u901a\u8ca8\u306b\u4e21\u66ff\u3057\u3088\u3046\u3068\u3057\u3001\u305d\u308c\u304c\u70ba\u66ff\u76f8\u5834\u3067\u30c9\u30eb\u306e\u58f2\u308a\u5727\u529b\u306b\u306a\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u5947\u5999\u306a\u3053\u3068\u3060\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u5229\u4e0a\u3052\u3092\u901a\u3057\u3066\u77ed\u671f\u7684\u306b\u306f\u30c9\u30eb\u306e\u4e0a\u6607\u8981\u56e0\u306b\u306a\u308a\u3001\u3057\u304b\u3057\u9577\u671f\u7684\u306b\u306f\u9593\u9055\u3044\u306a\u304f\u4e0b\u843d\u8981\u56e0\u306b\u306a\u308b\u3002\u3053\u306e\u77ed\u671f\u30c8\u30ec\u30f3\u30c9\u3068\u9577\u671f\u30c8\u30ec\u30f3\u30c9\u306e\u306d\u3058\u308c\u304c\u4eca\u306e\u72b6\u6cc1\u3092\u751f\u3093\u3067\u3044\u308b\u3002\u305d\u3057\u3066\u3053\u306e\u30c8\u30ec\u30f3\u30c9\u306f\u5fc5\u305a\u53cd\u8ee2\u3059\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30c9\u30eb\u4e0b\u843d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u3044\u3064\u304b<\/strong><\/p>\n\n\n\n<p>\u682a\u5b89\u304c\u59cb\u307e\u3063\u3066\u3044\u308b\u304c\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u306a\u3044\u3002\u3053\u306e\u72b6\u6cc1\u306f\u3001\u4ee5\u524d\u304b\u3089\u306e\u8aad\u8005\u3067\u3042\u308c\u3070\u899a\u3048\u304c\u3042\u308b\u306f\u305a\u3067\u3042\u308b\u3002\u524d\u56de\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u682a\u4fa1\u304c\u66b4\u843d\u3057\u305f2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959\" data-type=\"post\" data-id=\"7959\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0 (2018\/10\/28)<\/a><\/li><\/ul>\n\n\n\n<p>\u5f53\u6642\u306e\u7c73\u56fd\u682a\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u307e\u305a\u63b2\u8f09\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-17560\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u4e0b\u843d\u304c\u958b\u59cb\u3057\u305f\u306e\u306f10\u6708\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u30c9\u30eb\u5186\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\uff1f<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/late-2018-usdjpy-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"762\" height=\"537\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/late-2018-usdjpy-chart.png\" alt=\"\" class=\"wp-image-19902\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/late-2018-usdjpy-chart.png 762w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/02\/late-2018-usdjpy-chart-300x211.png 300w\" sizes=\"auto, (max-width: 762px) 100vw, 762px\" \/><\/a><\/figure>\n\n\n\n<p>\u30c9\u30eb\u5186\u306e\u4e0b\u843d\u306f\u682a\u4fa1\u306e\u4e0b\u843d\u3088\u308a\u9045\u308c\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u304b\uff1f\u3000\u5f53\u6642\u306e\u8a18\u4e8b\u3092\u601d\u3044\u51fa\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002\u30c9\u30eb\u5186\u306e\u4e0b\u843d\u958b\u59cb\u306f12\u670820\u65e5\uff08\u7c73\u56fd\u6642\u9593\uff09\u3067\u3042\u308b\u3002\u305d\u3057\u306612\u670820\u65e5\uff08\u65e5\u672c\u6642\u9593\uff09\u306e\u8a18\u4e8b\u306b\u7b46\u8005\u306f\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8106\" data-type=\"post\" data-id=\"8106\">12\u6708FOMC\u4f1a\u5408\u7d50\u679c\u306f\u7a7a\u58f2\u308a\u6d3e\u3078\u306e\u6e80\u984d\u56de\u7b54<\/a><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u682a\u306e\u7a7a\u58f2\u308a\u306f\u5341\u5206\u306b\u6210\u529f\u3057\u3066\u304a\u308a\u3001\u7b46\u8005\u306f\u6b21\u306e\u30b7\u30ca\u30ea\u30aa\u306b\u6ce8\u76ee\u3057\u3066\u3044\u308b\u3002<\/p><p>\u682a\u4fa1\u306e\u66b4\u843d\u3092\u6b62\u3081\u308b\u624b\u6bb5\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u505c\u6b62\u304a\u3088\u3073\u91d1\u878d\u7de9\u548c\u3060\u3051\u3067\u3042\u308b\u3068\u3059\u308c\u3070\u3001\u30c9\u30eb\u304c\u4e0b\u843d\u3059\u308b\u306e\u306f\u5fc5\u7136\u3067\u3042\u308b\u3068\u8a00\u3048\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u30c9\u30eb\u306e\u4e0b\u843d\u3059\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u308b\u5e02\u5834\u7d4c\u6e08\u3078\u306e\u30c0\u30e1\u30fc\u30b8\u304c\u5927\u304d\u304f\u306a\u308a\u3001\u4e2d\u592e\u9280\u884c\u306b\u5f15\u304d\u7de0\u3081\u306e\u624b\u3092\u7de9\u3081\u3055\u305b\u308b\u3068\u3053\u308d\u307e\u3067\u9054\u3057\u305f\u30bf\u30a4\u30df\u30f3\u30b0\u3060\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>2018\u5e74\u306e\u72b6\u6cc1\u306b\u3064\u3044\u3066\u306f\u8aac\u660e\u3057\u305f\u3002\u4e00\u65b9\u3067\u3001\u4eca\u306e\u72b6\u6cc1\u306f\u3082\u3046\u5c11\u3057\u8907\u96d1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u305a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u308b\u682a\u4fa1\u66b4\u843d\u306f\u65e2\u5b9a\u8def\u7dda\u3060\u304c\u3001\u4eca\u56de\u306f\u7269\u4fa1\u304c\u9ad8\u9a30\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u682a\u4fa1\u304c\u66b4\u843d\u3057\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u304c\u6b62\u307e\u3089\u306a\u3051\u308c\u3070\u4e2d\u592e\u9280\u884c\u306f\u5f15\u304d\u7de0\u3081\u3092\u6b62\u3081\u3089\u308c\u306a\u3044\u3002\u3053\u308c\u306f\u30c9\u30eb\u5b89\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u9045\u308c\u3055\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u30a4\u30f3\u30d5\u30ec\u81ea\u4f53\u306f2018\u5e74\u306b\u306f\u306a\u304b\u3063\u305f\u30c9\u30eb\u5b89\u8981\u56e0\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3069\u3061\u3089\u306b\u3057\u3066\u3082\u3001\u30c9\u30eb\u4e0b\u843d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u682a\u4fa1\u66b4\u843d\u304c\u672c\u683c\u5316\u3057\u3066\u304b\u3089\u4e2d\u592e\u9280\u884c\u304c\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u305b\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308b\u307e\u3067\u306e\u4f55\u51e6\u304b\u3067\u8d77\u3053\u308b\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18367\" data-type=\"post\" data-id=\"18367\">2022\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u66b4\u843d\u3059\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u30c9\u30eb\u306e\u58f2\u308a\u65b9\u306b\u3068\u3063\u3066\u306e\u6717\u5831\u306f\u3001\u305d\u308c\u307e\u3067\u30c9\u30eb\u304c\u4e0a\u304c\u308b\u3053\u3068\u304c\u3042\u3063\u3066\u3082\u30012018\u5e74\u306b\u305d\u3046\u3067\u3042\u3063\u305f\u3088\u3046\u306b\u4e0a\u5024\u306f\u9650\u3089\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u682a\u4fa1\u3082\u30c9\u30eb\u3082\u66b4\u843d\u3059\u308b\u3002\u4e00\u756a\u30c0\u30e1\u30fc\u30b8\u3092\u98df\u3089\u3046\u306e\u306f\u3001\u70ba\u66ff\u30d8\u30c3\u30b8\u306a\u3057\u3067\u7c73\u56fd\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u3002\u682a\u5b89\u3068\u30c9\u30eb\u5b89\u3092\u4e21\u65b9\u98df\u3089\u3063\u3066\u3057\u307e\u3046\u3002\u7b46\u8005\u306f\u7c73\u56fd\u682a\u306e\u4e0b\u843d\u5e45\u30921970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u671f\u3068\u540c\u305860%\u306b\u3082\u306a\u308a\u3046\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u304b\u3089\u3001\u305d\u308c\u306b\u30c9\u30eb\u5b89\u307e\u3067\u52a0\u308f\u308c\u3070\u7c73\u56fd\u682a\u306f\u672c\u5f53\u306b\u7d19\u5207\u308c\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u3082\u77e5\u3089\u305a\u306b\u6295\u8cc7\u4fe1\u8a17\u3092\u8cb7\u3063\u3066\u3057\u307e\u3063\u305f\u591a\u304f\u306e\u4eba\u306e\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u672c\u5f53\u306b\u60b2\u3057\u304f\u306a\u308b\u3002NISA\u3082\u6295\u8cc7\u4fe1\u8a17\u3082\u3001\u653f\u6cbb\u5bb6\u3068\u9280\u884c\u306b\u3068\u3063\u3066\u5e02\u5834\u3078\u306e\u8cc7\u91d1\u6d41\u5165\u304c\u5229\u76ca\u306b\u306a\u308b\u3068\u3044\u3046\u3060\u3051\u306e\u7406\u7531\u3067\u591a\u304f\u306e\u4eba\u306b\u5968\u3081\u3089\u308c\u305f\u3082\u306e\u3067\u3042\u308b\u3002\u9280\u884c\u3084\u91d1\u878d\u5e81\u306a\u3069\u3067\u50cd\u3044\u3066\u3044\u308b\u4f55\u3082\u77e5\u3089\u306a\u3044\u7d20\u4eba\u306e\u8a00\u3046\u3053\u3068\u3092\u805e\u3044\u3066\u306f\u3044\u3051\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18774\" data-type=\"post\" data-id=\"18774\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30c9\u30eb\u304c\u4e0b\u843d\u3057\u306a\u3044\u306e\u306f\u5411\u3053\u3046\u898b\u305a\u306a\u65e5\u6b27\u306e\u6295\u8cc7\u5bb6\u304c\u30c9\u30eb\u8cc7\u7523\u3092\u70ba\u66ff\u30d8\u30c3\u30b8\u306a\u3057\u3067\u8cb7\u3063\u3066\u3044\u308b\u304b\u3089<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u3067\u4e2d\u592e\u9280\u884c\u306f\u5229\u4e0a\u3052\u3068\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306b\u52d5\u3044\u3066\u304a\u308a\u3001\u682a\u5f0f\u5e02\u5834\u304c\u8352\u308c\u3066\u304a\u308a\u3001\u4e00\u65b9\u3067\u91d1\u5c5e\u3084\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u3080\u3057\u308d\u597d\u8abf\u3060\u3068\u3044\u3046\u3053\u3068\u3092\u5831\u3058\u3066\u304d\u305f\u3002 \u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u3082\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u304c\u4e0b\u843d\u3057\u3066\u3044\u306a\u3044\u7406\u7531 \u3053\u3053\u3067\u306f &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19896\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">2022\u5e74\u30c9\u30eb\u5186\u306e\u63a8\u79fb\u4e88\u60f3: \u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u30c9\u30eb\u9ad8\u306f\u6301\u7d9a\u305b\u305a\u30c9\u30eb\u5186\u66b4\u843d\u3078<\/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":[120,19],"tags":[],"class_list":["post-19896","post","type-post","status-publish","format-standard","hentry","category-usdjpy","category-foreign-exchange-market"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/19896","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=19896"}],"version-history":[{"count":23,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/19896\/revisions"}],"predecessor-version":[{"id":19922,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/19896\/revisions\/19922"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=19896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=19896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=19896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}