{"id":26804,"date":"2022-08-04T20:02:00","date_gmt":"2022-08-04T11:02:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=26804"},"modified":"2022-08-04T17:03:29","modified_gmt":"2022-08-04T08:03:29","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e5%88%a9%e4%b8%8a%e3%81%92%e3%82%92%e3%82%84%e3%82%8a%e6%8a%9c%e3%81%8b%e3%81%aa%e3%81%91%e3%82%8c%e3%81%b0%e9%85%b7%e3%81%84%e3%82%b9%e3%82%bf%e3%82%b0","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26804","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u5229\u4e0a\u3052\u3092\u3084\u308a\u629c\u304b\u306a\u3051\u308c\u3070\u9177\u3044\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u3001Bloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u771f\u9006\u306e\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26774\" data-type=\"post\" data-id=\"26774\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5229\u4e0a\u3052\u304c\u884c\u304d\u904e\u304e\u308b\u3068\u9006\u306b\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u3082\u3057\u304b\u3057\u305f\u3089\u3069\u3061\u3089\u3082\u6b63\u3057\u3044\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u30012\u4eba\u306e\u8b70\u8ad6\u3092\u8f03\u3079\u3066\u307f\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30b5\u30de\u30fc\u30ba\u6c0f vs \u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f<\/strong><\/p>\n\n\n\n<p>\u5148\u9031\u672b\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306fFOMC\u4f1a\u5408\u3092\u884c\u306a\u3044\u30010.75%\u306e\u5229\u4e0a\u3052\u3092\u6c7a\u5b9a\u3057\u305f\u304c\u3001\u4e0a\u306e\u8a18\u4e8b\u3067\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u73cd\u3057\u304f\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u5bfe\u5fdc\u3092\u8912\u3081\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5229\u4e0a\u3052\u304c\u5341\u5206\u306b\u306a\u3055\u308c\u305f\u3068\u3057\u3001\u305d\u308c\u4ee5\u4e0a\u306e\u6025\u6fc0\u306a\u5229\u4e0a\u3052\u306f\u6df1\u3044\u666f\u6c17\u5f8c\u9000\u3092\u547c\u3076\u3068\u3057\u3066\u3001\u305d\u306e\u5f8c\u306e\u6025\u901f\u306a\u5229\u4e0a\u3052\u3092\u4fdd\u8a3c\u3057\u306a\u304b\u3063\u305f\u30d1\u30a6\u30a8\u30eb\u6c0f\u3092\u79f0\u8cdb\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u8a55\u4fa1\u306f\u3069\u3046\u3060\u308d\u3046\u304b\uff1f\u3000\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u306f\u3063\u304d\u308a\u8a00\u3048\u3070\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u8a00\u3063\u305f\u3053\u3068\u306f\u8ad6\u7406\u7684\u306b\u64c1\u8b77\u4e0d\u53ef\u80fd\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u73cd\u3057\u304f\u3082\u30b5\u30de\u30fc\u30ba\u6c0f\u3068\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u610f\u898b\u304c\u771f\u3063\u5411\u304b\u3089\u5bfe\u7acb\u3057\u3066\u3044\u308b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u305d\u306e\u3088\u3046\u306b\u8a00\u3046\u7406\u7531\u306f2\u3064\u3042\u308b\u304c\u3001\u307e\u305a\u306f\u5931\u696d\u7387\u3068\u52b4\u50cd\u5e02\u5834\u306b\u95a2\u3059\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f7c\u306f\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>\u30a4\u30a8\u30ec\u30f3\u8ca1\u52d9\u9577\u5b98\u306f\u6628\u65e5\u3001\u5931\u696d\u7387\u304c5%\u3092\u8d85\u3048\u308b\u3053\u3068\u306a\u304f\u30a4\u30f3\u30d5\u30ec\u304b\u3089\u8131\u51fa\u3067\u304d\u308b\u3068\u898b\u901a\u3057\u3092\u767a\u8868\u3057\u305f\u3002\u7d4c\u6e08\u5b66\u8005\u3068\u3057\u3066\u306e\u5f7c\u5973\u3092\u975e\u5e38\u306b\u5c0a\u656c\u3057\u3066\u3044\u308b\u304c\u3001\u305d\u306e\u767a\u8a00\u306b\u306f\u304b\u306a\u308a\u9a5a\u3044\u305f\u3002\u5931\u696d\u7387\u304c4.1%\u306b\u7559\u307e\u308a\u30a4\u30f3\u30d5\u30ec\u306f\u843d\u3061\u7740\u304f\u3068\u3044\u3046Fed\u306e\u898b\u901a\u3057\u307b\u3069\u9a5a\u3044\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u304c\u3002<\/p><p>\u30c7\u30fc\u30bf\u3092\u898b\u308b\u9650\u308a\u3001\u3069\u3061\u3089\u306e\u898b\u89e3\u3082\u7406\u306b\u304b\u306a\u3063\u305f\u4e88\u60f3\u3060\u3068\u8003\u3048\u308b\u305f\u3081\u306e\u6839\u62e0\u3092\u898b\u3064\u3051\u308b\u3053\u3068\u304c\u51fa\u6765\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3053\u308c\u306f\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u7e70\u308a\u8fd4\u3057\u8a00\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u73fe\u5728\u306e\u5931\u696d\u7387\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u6301\u3063\u3066\u3053\u3088\u3046\u30026\u6708\u306e\u5931\u696d\u7387\u306f3.6%\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-unemployment-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"492\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-unemployment-rate-chart.png\" alt=\"\" class=\"wp-image-26811\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-unemployment-rate-chart.png 492w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-unemployment-rate-chart-300x284.png 300w\" sizes=\"auto, (max-width: 492px) 100vw, 492px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u4ee5\u5f8c\u3001\u5931\u696d\u7387\u306f\u4e0b\u304c\u308a\u7d9a\u3051\u3066\u304a\u308a\u3001\u305d\u308c\u306f\u3064\u307e\u308a\u52b4\u50cd\u8005\u304c\u3069\u3093\u3069\u3093\u96c7\u308f\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u3002<\/p>\n\n\n\n<p>\u8cc3\u91d1\u306f\u4e0a\u304c\u3063\u3066\u304a\u308a\u3001\u305d\u308c\u304c\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u4e00\u756a\u91cd\u8996\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3067\u3042\u308b\u3002\u8cc3\u91d1\u306f\u3042\u3089\u3086\u308b\u7523\u696d\u306b\u304a\u3044\u3066\u751f\u7523\u30b3\u30b9\u30c8\u306b\u306a\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9006\u306b\u8a00\u3048\u3070\u3001\u4eba\u3005\u304c\u3080\u3057\u308d\u89e3\u96c7\u3055\u308c\u3001\u8cc3\u91d1\u304c\u4e0b\u304c\u3089\u306a\u3051\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u306f\u4e0b\u304c\u3089\u306a\u3044\u3002\u3057\u304b\u3057\u305d\u308c\u306f\u5931\u696d\u7387\u306e\u4e0a\u6607\u3068\u6d88\u8cbb\u306e\u6e1b\u901f\u3092\u62db\u304f\u3060\u308d\u3046\u3002\u3053\u308c\u304c\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u61f8\u5ff5\u3057\u3066\u3044\u308b\u70b9\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24778\" data-type=\"post\" data-id=\"24778\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u7d4c\u6e08\u3078\u306e\u30c0\u30e1\u30fc\u30b8\u306a\u3057\u3067\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306f\u3067\u304d\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3001\u5931\u696d\u7387\u304c\u5927\u3057\u3066\u4e0a\u304c\u3063\u3066\u3082\u3044\u306a\u3044\u306e\u306b\u30a4\u30f3\u30d5\u30ec\u304c\u53ce\u307e\u308b\u306f\u305a\u304c\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4e2d\u7acb\u91d1\u5229<\/strong><\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u61f8\u5ff5\u3059\u308b\u3082\u30461\u3064\u306e\u70b9\u306f\u4e2d\u7acb\u91d1\u5229\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u3053\u306e\u70b9\u306b\u304a\u3044\u3066\u30b5\u30de\u30fc\u30ba\u6c0f\u3068\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5b8c\u5168\u306b\u5bfe\u7acb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26774\" data-type=\"post\" data-id=\"26774\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5229\u4e0a\u3052\u304c\u884c\u304d\u904e\u304e\u308b\u3068\u9006\u306b\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f2.5%\u306e\u653f\u7b56\u91d1\u5229\u3092\u3001\u7d4c\u6e08\u3092\u904e\u71b1\u3082\u51b7\u5374\u3082\u3057\u306a\u3044\u4e2d\u7acb\u6c34\u6e96\u3060\u3068\u8868\u660e\u3057\u305f\u3002\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u306e\u610f\u898b\u306b\u8cdb\u610f\u3092\u793a\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u610f\u898b\u306f\u3069\u3046\u3060\u308d\u3046\u304b\uff1f\u3000\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u5f7c\u306f\u8a18\u8005\u4f1a\u898b\u30672\u56de\u30012.5%\u3092\u4e2d\u7acb\u91d1\u5229\u3060\u3068\u8a00\u3063\u305f\u3002\u4e2d\u7acb\u91d1\u5229\u306e\u6c34\u6e96\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u6c34\u6e96\u306b\u3088\u3063\u3066\u6c7a\u307e\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u521d\u6b69\u7684\u306a\u3053\u3068\u3060\u3002<\/p><p>\u6700\u65b0\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c9.1%\u3060\u3068\u3044\u3046\u3053\u3068\u306f\u4f55\u5ea6\u3082\u5831\u3058\u3089\u308c\u3066\u3044\u308b\u3002\u3053\u306e\u3088\u3046\u306b\u904e\u71b1\u3057\u3066\u3044\u308b\u7d4c\u6e08\u306b\u5bfe\u3057\u30012.5%\u304c\u4e2d\u7acb\u91d1\u5229\u306b\u8fd1\u3044\u3068\u3044\u3046\u3053\u3068\u3055\u3048\u8003\u3048\u3089\u308c\u306a\u3044\u3002\u305d\u308c\u304c\u4e2d\u7acb\u3060\u3068\u601d\u3046\u306a\u3089\u3001\u91d1\u878d\u653f\u7b56\u306e\u4f5c\u7528\u3092\u6839\u672c\u7684\u306b\u52d8\u9055\u3044\u3057\u3066\u3044\u308b\u306e\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306b\u3088\u308c\u3070\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u91d1\u878d\u653f\u7b56\u306e\u4f5c\u7528\u3092\u6839\u672c\u7684\u306b\u52d8\u9055\u3044\u3057\u3066\u3044\u308b\u3089\u3057\u3044\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u66f4\u306b\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c2018\u5e74\u306b\u8a00\u3063\u305f\u3053\u3068\u3092\u6301\u3061\u51fa\u3057\u3066\u4e2d\u592e\u9280\u884c\u3092\u6279\u5224\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>2018\u5e74\u306b\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u540c\u3058\u6c34\u6e96\u3092\u4e2d\u7acb\u91d1\u5229\u3060\u3068\u547c\u3093\u3060\u304c\u3001\u305d\u306e\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f1.9%\u3060\u3063\u305f\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4eca\u306e\u3088\u3046\u306a\u72b6\u614b\u306b\u306a\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u3069\u3046\u3057\u3066\u5f7c\u304c\u5f53\u6642\u3068\u540c\u3058\u3053\u3068\u3092\u8a00\u3048\u308b\u306e\u304b\u308f\u305f\u3057\u306b\u306f\u610f\u5473\u4e0d\u660e\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u6700\u5f8c\u306b\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u7d4c\u6e08\u898b\u901a\u3057\u3092\u5207\u308a\u6368\u3066\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3053\u308c\u306f\u5f7c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u300c\u4e00\u6642\u7684\u300d\u3068\u547c\u3073\u3001\u7d4c\u6e08\u3092\u7269\u4fa1\u9ad8\u9a30\u3078\u3068\u7a81\u304d\u843d\u3068\u3057\u305f\u6642\u3068\u540c\u3058\u7a2e\u985e\u306e\u5e0c\u671b\u7684\u89b3\u6e2c\u3060\u3002<\/p><p>Fed\u304c\u5f15\u304d\u7de0\u3081\u653f\u7b56\u3092\u529b\u5f37\u304f\u3084\u308a\u9042\u3052\u306a\u3051\u308c\u3070\u3001\u7d4c\u6e08\u6210\u9577\u304c\u843d\u3061\u8fbc\u307f\u30a4\u30f3\u30d5\u30ec\u306f\u5c45\u5ea7\u308a\u7d9a\u3051\u308b\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u9665\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p><strong>\u3069\u3061\u3089\u304c\u6b63\u3057\u3044\u306e\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u8aad\u8005\u306f\u3053\u306e\u771f\u3063\u5411\u304b\u3089\u5bfe\u7acb\u3059\u308b\u30b5\u30de\u30fc\u30ba\u6c0f\u3068\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u610f\u898b\u3092\u3069\u3046\u601d\u3046\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306b\u30019%\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f2%\u30843%\u306e\u91d1\u5229\u3067\u53ce\u307e\u3089\u306a\u3044\u3068\u3044\u3046\u8b70\u8ad6\u306b\u306f\u8aac\u5f97\u529b\u304c\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u306f\u904e\u53bb\u306e\u4e8b\u4f8b\u3092\u5f15\u3044\u3066\u691c\u8a3c\u3057\u3066\u3044\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><\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u4e00\u65b9\u3067\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u5f31\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u306f\u305d\u308c\u3060\u3051\u306e\u91d1\u5229\u4e0a\u6607\u3067\u3082\u5341\u5206\u306b\u5f37\u70c8\u3067\u3042\u308a\u3001\u5b9f\u969b\u306b\u91d1\u5c5e\u3084\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e02\u5834\u306f\u6e1b\u901f\u3092\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26340\" data-type=\"post\" data-id=\"26340\">\u666f\u6c17\u5f8c\u9000\u61f8\u5ff5\u3067\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u6025\u843d\u3001\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u30d4\u30fc\u30af\u3078\u306e\u7b2c\u4e00\u6b69<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u306e\u610f\u898b\u5bfe\u7acb\u3092\u3069\u3046\u898b\u308b\u304b\uff1f\u3000\u7b46\u8005\u306f\u3069\u3061\u3089\u306b\u3082\u3042\u308b\u7a0b\u5ea6\u306e\u59a5\u5f53\u6027\u304c\u3042\u308b\u3068\u8003\u3048\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u7d4c\u6e08\u5b66\u8005\u306e\u7acb\u5834\u304b\u3089\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5e02\u5834\u53c2\u52a0\u8005\u306e\u7acb\u5834\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u3092\u898b\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u3067\u5c0f\u9ea6\u3084\u9285\u306a\u3069\u306e\u4fa1\u683c\u304c\u4e0b\u304c\u308b\u306a\u3089\u3070\u3001\u6642\u9593\u5dee\u3067\u69d8\u3005\u306a\u539f\u6750\u6599\u306e\u4fa1\u683c\u306f\u5b89\u304f\u306a\u3063\u3066\u3086\u304f\u3060\u308d\u3046\u3002\u3053\u308c\u306f\u307b\u3068\u3093\u3069\u305f\u3060\u306e\u4e8b\u5b9f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u91d1\u5229\u306e\u7d76\u5bfe\u6c34\u6e96\u306b\u5f71\u97ff\u3055\u308c\u308b\u4f4f\u5b85\u30d0\u30d6\u30eb\u3084\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u91cd\u8996\u3059\u308b\u3088\u3046\u306a\u8cc3\u91d1\u30d0\u30d6\u30eb\u306f\u3001\u73fe\u5728\u306e\u91d1\u5229\u6c34\u6e96\u3067\u306f\u6b62\u307e\u3089\u306a\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u4e21\u8005\u3068\u3082\u306b\u6050\u3089\u304f\u6b63\u3057\u3044\u306e\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306f\u3053\u308c\u304b\u3089\u30d4\u30fc\u30af\u306b\u5411\u3051\u3066\u52d5\u3044\u3066\u3086\u304f\u304c\u3001\u539f\u6599\u4fa1\u683c\u306a\u3069\u91d1\u878d\u5e02\u5834\u5bc4\u308a\u306e\u8981\u7d20\u306f\u4eca\u5f8c\u6570\u30f6\u6708\u3067\u30d4\u30fc\u30af\u3068\u306a\u308a\u3001\u4f4f\u5b85\u4fa1\u683c\u3084\u8cc3\u91d1\u306a\u3069\u306e\u30d4\u30fc\u30af\u306f\u6765\u5e74\u306b\u306a\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u524d\u306b\u3082\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u30d4\u30fc\u30af\u306f\u682a\u5b89\u306e\u30d4\u30fc\u30af\u3068\u306a\u308b\u3060\u308d\u3046\u3002\u3053\u308c\u306f\u30b3\u30ed\u30ca\u682a\u5b89\u306e\u30d4\u30fc\u30af\u304c\u7b2c1\u6ce2\u306e\u30d4\u30fc\u30af\u3068\u540c\u3058\u3060\u3063\u305f\u3053\u3068\u3068\u540c\u3058\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9216\" data-type=\"post\" data-id=\"9216\">\u65b0\u578b\u30b3\u30ed\u30ca\u682a\u5b89\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b (2020\/3\/21)<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u306e\u4e88\u6e2c\u306f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u91cd\u8981\u306a\u306e\u3060\u304c\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u3068\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u3044\u3046\u7269\u4fa1\u306e\u5c02\u9580\u5bb6\u306e\u9593\u3067\u3082\u610f\u898b\u304c\u5206\u304b\u308c\u308b\u307b\u3069\u3001\u4eca\u306e\u72b6\u6cc1\u306f\u96e3\u3057\u3044\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u57fa\u672c\u7684\u306b\u4eca\u5f8c\u6570\u30f6\u6708\u306f\u30a4\u30f3\u30d5\u30ec\u3060\u3068\u601d\u3063\u3066\u826f\u3044\u306e\u3060\u308d\u3046\u3002\u305d\u308c\u3092\u8e0f\u307e\u3048\u3066\u6295\u8cc7\u5bb6\u304c\u3069\u3046\u3059\u308b\u304b\u3067\u3042\u308b\u3002\u7b46\u8005\u3068\u3057\u3066\u306f\u3084\u306f\u308a\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u76f8\u5834\u89b3\u3092\u5ff5\u982d\u306b\u7f6e\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25558\" data-type=\"post\" data-id=\"25558\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u4eca\u5f8c6\u30f6\u6708\u3067\u30c9\u30eb\u7a7a\u58f2\u308a\u3078<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u3001Bloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u771f\u9006\u306e\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u3002 \u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5229\u4e0a\u3052\u304c\u884c\u304d\u904e\u304e\u308b\u3068\u9006\u306b\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b \u3082\u3057\u304b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26804\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u5229\u4e0a\u3052\u3092\u3084\u308a\u629c\u304b\u306a\u3051\u308c\u3070\u9177\u3044\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b<\/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":[118,108],"tags":[98],"class_list":["post-26804","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\/26804","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=26804"}],"version-history":[{"count":27,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/26804\/revisions"}],"predecessor-version":[{"id":26833,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/26804\/revisions\/26833"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=26804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=26804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=26804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}