{"id":27412,"date":"2022-08-24T20:20:50","date_gmt":"2022-08-24T11:20:50","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=27412"},"modified":"2022-08-24T20:20:53","modified_gmt":"2022-08-24T11:20:53","slug":"%e3%83%95%e3%83%a9%e3%83%b3%e3%82%b9%e3%81%ae%e3%82%b9%e3%83%bc%e3%83%91%e3%83%bc%e3%80%81%e7%89%a9%e4%be%a1%e9%ab%98%e9%a8%b0%e3%82%92%e5%8f%97%e3%81%91%e6%94%bf%e5%ba%9c%e3%81%ae%e5%9c%a7%e5%8a%9b","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27412","title":{"rendered":"\u30d5\u30e9\u30f3\u30b9\u306e\u30b9\u30fc\u30d1\u30fc\u3001\u7269\u4fa1\u9ad8\u9a30\u3092\u53d7\u3051\u653f\u5e9c\u306e\u5727\u529b\u3067\u65e5\u7528\u54c1\u306e\u4fa1\u683c\u51cd\u7d50"},"content":{"rendered":"\n<p>\u653f\u6cbb\u5bb6\u305f\u3061\u306f\u3082\u306f\u3084\u308f\u3056\u3068\u30a4\u30f3\u30d5\u30ec\u3092\u60aa\u5316\u3055\u305b\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u308f\u305a\u306b\u306f\u3044\u3089\u308c\u306a\u3044\u304c\u3001\u4eca\u65e5\u3082\u5404\u56fd\u653f\u5e9c\u306e\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u306e\u8a71\u984c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u30a4\u30f3\u30d5\u30ec\u5371\u6a5f<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u3067\u306f\u4f55\u5ea6\u3082\u5831\u3058\u3066\u3044\u308b\u304c\u3001\u4e16\u754c\u7684\u306a\u7269\u4fa1\u9ad8\u9a30\u304c\u8a71\u984c\u306b\u306a\u3063\u3066\u304a\u308a\u3001\u3057\u304b\u3082\u30a2\u30e1\u30ea\u30ab\u3084\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u65e5\u672c\u3088\u308a\u9177\u3044\u30a4\u30f3\u30d5\u30ec\u304c\u6d88\u8cbb\u8005\u3092\u82e6\u3057\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30b9\u30da\u30a4\u30f3\u3067\u306f\u96fb\u529b\u4e0d\u8db3\u3067\u771f\u590f\u3067\u3082\u51b7\u623f\u3092\u6e80\u8db3\u306b\u4ed8\u3051\u3089\u308c\u305a\u3001\u771f\u51ac\u3067\u3082\u6696\u623f\u3092\u5236\u9650\u3055\u308c\u308b\u72b6\u6cc1\u304c\u7d9a\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26963\" data-type=\"post\" data-id=\"26963\">\u30b9\u30da\u30a4\u30f3\u3001\u8131\u70ad\u7d20\u306b\u3088\u308b\u96fb\u529b\u4e0d\u8db3\u3067\u51b7\u623f\u309227\u5ea6\u672a\u6e80\u306b\u3059\u308b\u3053\u3068\u3092\u7981\u6b62<\/a><\/li><\/ul>\n\n\n\n<p>\u98df\u6599\u4fa1\u683c\u9ad8\u9a30\u3082\u6df1\u523b\u3067\u3042\u308a\u3001EU\u306f\u5e02\u6c11\u306b\u30d0\u30c3\u30bf\u3092\u98df\u3079\u308b\u3088\u3046\u4fc3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27319\" data-type=\"post\" data-id=\"27319\">EU\u3001\u98df\u6599\u4fa1\u683c\u9ad8\u9a30\u306e\u6700\u4e2d\u3001\u4ee3\u66ff\u98df\u54c1\u3068\u3057\u3066\u30c8\u30ce\u30b5\u30de\u30d0\u30c3\u30bf\u3092\u63a8\u5968<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u308c\u3067\u3082\u7269\u4fa1\u9ad8\u9a30\u306f\u6b62\u307e\u3089\u306a\u3044\u3002\u30e6\u30fc\u30ed\u570f\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f9%\u306b\u5c4a\u3053\u3046\u3068\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\/08\/2022-jul-euro-area-cpi-growth-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jul-euro-area-cpi-growth-chart.png\" alt=\"\" class=\"wp-image-27417\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jul-euro-area-cpi-growth-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jul-euro-area-cpi-growth-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u30d5\u30e9\u30f3\u30b9\u3067\u4fa1\u683c\u7d71\u5236<\/strong><\/p>\n\n\n\n<p>\u305d\u3053\u3067\u653f\u6cbb\u5bb6\u305f\u3061\u306f\u3044\u3064\u3082\u6700\u9ad8\u306e\u30a2\u30a4\u30c7\u30a2\u3092\u601d\u3044\u3064\u304f\u3002\u4fa1\u683c\u7d71\u5236\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>Reuters\u306a\u3069\u304c\u5831\u3058\u3066\u3044\u308b\u304c\u3001\u30d5\u30e9\u30f3\u30b9\u306e\u5927\u624b\u30b9\u30fc\u30d1\u30fcCarrefour\u306f22\u65e5\u3001\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3068\u3057\u3066\u6d17\u5264\u3084\u7c73\u3001\u30a4\u30ef\u30b7\u306e\u7f36\u8a70\u306a\u3069\u306e100\u7a2e\u985e\u306e\u65e5\u7528\u54c1\u306b\u95a2\u3057\u3001\u3053\u308c\u4ee5\u4e0a\u306e\u5024\u4e0a\u3052\u3092\u884c\u308f\u306a\u3044\u4fa1\u683c\u51cd\u7d50\u3092\u884c\u3046\u3068\u767a\u8868\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u30d5\u30e9\u30f3\u30b9\u306e\u30de\u30af\u30ed\u30f3\u653f\u6a29\u306b\u3088\u308b\u5727\u529b\u306e\u4e00\u74b0\u3067\u3042\u308a\u3001\u4ed6\u306b\u3082\u30a8\u30cd\u30eb\u30ae\u30fc\u5927\u624b\u306eTotalEnergies\u3084\u6d77\u904b\u5927\u624b\u306eCMA CGM\u306a\u3069\u304c\u5024\u4e0b\u3052\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4fa1\u683c\u304c\u4e0a\u304c\u3063\u3066\u3044\u3066\u7686\u304c\u56f0\u3063\u3066\u3044\u308b\u306a\u3089\u3070\u3001\u653f\u5e9c\u304c\u5f37\u6a29\u3092\u767a\u52d5\u3057\u3066\u4fa1\u683c\u3092\u4e0a\u3052\u3089\u308c\u306a\u304f\u3059\u308c\u3070\u826f\u3044\u3002\u7d20\u6674\u3089\u3057\u3044\u30a2\u30a4\u30c7\u30a2\u3067\u306f\u306a\u3044\u304b\u3002\u4fa1\u683c\u304c\u4e0a\u3052\u3089\u308c\u306a\u304f\u306a\u3063\u305f\u3089\u4fa1\u683c\u9ad8\u9a30\u306e\u554f\u984c\u306f\u89e3\u6c7a\u3055\u308c\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002\u8aad\u8005\u306f\u3069\u3046\u601d\u3046\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u306f\u4fa1\u683c\u306e\u8a71\u3067\u306f\u306a\u3044<\/strong><\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u30a4\u30f3\u30d5\u30ec\u3068\u306f\u4f55\u304b\u3068\u3044\u3046\u8a71\u304b\u3089\u59cb\u3081\u3088\u3046\u3002\u30a4\u30f3\u30d5\u30ec\u3068\u306f\u7269\u4fa1\u304c\u4e0a\u304c\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u4f55\u6545\u7269\u4fa1\u304c\u4e0a\u304c\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u7269\u8cc7\u3092\u5fc5\u8981\u3068\u3057\u3066\u3044\u308b\u4eba\u304c\u591a\u3044\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u7269\u8cc7\u306e\u4f9b\u7d66\u304c\u5c11\u306a\u3044\u305f\u3081\u3001\u53d6\u308a\u5408\u3044\u306b\u306a\u3063\u3066\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3066\u3057\u307e\u3046\u73fe\u8c61\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u7269\u8cc7\u304c\u53d6\u308a\u5408\u3044\u306b\u306a\u3063\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u30b3\u30ed\u30ca\u5f8c\u306b\u4e16\u754c\u4e2d\u306e\u653f\u5e9c\u304c\u73fe\u91d1\u3092\u3070\u3089\u6492\u3044\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u5927\u91cf\u306b\u73fe\u91d1\u3092\u3070\u3089\u6492\u3051\u3070\u3001\u4eba\u3005\u306f\u305d\u308c\u3092\u4f7f\u3063\u3066\u672c\u6765\u5fc5\u8981\u3067\u306a\u3044\u3082\u306e\u307e\u3067\u8cb7\u3044\u6f01\u308b\u3060\u308d\u3046\u3002\u4f55\u6545\u305d\u308c\u304c\u5206\u304b\u3089\u306a\u304b\u3063\u305f\u306e\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19942\" data-type=\"post\" data-id=\"19942\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u3066\u9a5a\u3044\u3066\u3044\u308b\u30ea\u30d5\u30ec\u6d3e\u306f\u99ac\u9e7f\u3058\u3083\u306a\u3044\u306e\u304b<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u3053\u3067\u3082\u3046\u4e00\u5ea6\u601d\u3044\u51fa\u3057\u3066\u307b\u3057\u3044\u306e\u304c\u3001\u6050\u3089\u304f\u53f2\u4e0a\u6700\u9ad8\u306e\u7d4c\u6e08\u5b66\u8005\u3067\u3042\u308b\u30d5\u30ea\u30fc\u30c9\u30ea\u30d2\u30fb\u30d5\u30a9\u30f3\u30fb\u30cf\u30a4\u30a8\u30af\u6c0f\uff08\u65ad\u56fa\u3068\u3057\u3066\u30b1\u30a4\u30f3\u30ba\u6c0f\u3067\u306f\u306a\u3044\u3053\u3068\u3092\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u66f8\u3044\u3066\u304a\u304d\u305f\u3044\uff09\u304c50\u5e74\u524d\u306b\u8003\u3048\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u7e8f\u3081\u305f\u3053\u3068\u3060\u304c\u3001\u3082\u3046\u4e00\u5ea6\u5f15\u7528\u3057\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11964\" data-type=\"post\" data-id=\"11964\">\u30a4\u30f3\u30d5\u30ec\u304c\u5236\u5fa1\u4e0d\u80fd\u306b\u306a\u308c\u3070\u653f\u5e9c\u306f\u4fa1\u683c\u7d71\u5236\u3092\u59cb\u3081\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u30cf\u30a4\u30a8\u30af\u6c0f\u306f\u5f7c\u306e\u300e<a rel=\"noreferrer noopener\" href=\"https:\/\/amzn.to\/3AlxuAb\" target=\"_blank\">\u8ca8\u5e63\u8ad6\u96c6<\/a>\u300f\u306b\u304a\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3042\u3089\u3086\u308b\u4e16\u4ee3\u306e\u7d4c\u6e08\u5b66\u8005\u306f\u653f\u5e9c\u304c\u8ca8\u5e63\u306e\u91cf\u3092\u7d20\u65e9\u304f\u5897\u52a0\u3055\u305b\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u77ed\u671f\u7684\u306b\u306f\u653f\u5e9c\u306f\u5931\u696d\u306e\u3088\u3046\u306a\u7d4c\u6e08\u7684\u5bb3\u60aa\u304b\u3089\u4eba\u3005\u3092\u6551\u6e08\u3059\u308b\u529b\u3092\u6301\u3063\u3066\u3044\u308b\u3068\u4e3b\u5f35\u3057\u7d9a\u3051\u3066\u304d\u305f\u3002\u6b8b\u5ff5\u306a\u304c\u3089\u3053\u308c\u306f\u77ed\u671f\u7684\u306b\u6b63\u3057\u3044\u306b\u904e\u304e\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u4f55\u6545\u304b\u3002\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u4f55\u5ea6\u3082\u66f8\u3044\u305f\u8a71\u3060\u304c\u3001\u4f8b\u3048\u3070\u4e2d\u592e\u9280\u884c\u304c\u5e02\u5834\u304b\u3089\u50b5\u5238\u3092\u8cb7\u3044\u5165\u308c\u308b\u91cf\u7684\u7de9\u548c\u653f\u7b56\u306f\u3001\u305d\u308c\u304c\u306a\u3051\u308c\u3070\u5012\u7523\u3057\u3066\u3057\u307e\u3063\u3066\u3044\u305f\u3067\u3042\u308d\u3046\u4f01\u696d\u306b\u878d\u8cc7\u3092\u4e0e\u3048\u3001\u653f\u5e9c\u304c\u610f\u56f3\u7684\u306b\u6551\u6e08\u3059\u308b\u3053\u3068\u306b\u7b49\u3057\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u672c\u6765\u3001\u4eba\u3005\u306b\u6c42\u3081\u3089\u308c\u306a\u3044\u5546\u54c1\u3092\u4f5c\u308b\u4f01\u696d\u306f\u5012\u7523\u3059\u308b\u3002\u3057\u304b\u3057\u653f\u5e9c\u304c\u8cc7\u91d1\u3092\u6d41\u3057\u8fbc\u3081\u3070\u3001\u672c\u6765\u6f70\u308c\u308b\u306f\u305a\u306e\u4f01\u696d\u304c\u751f\u304d\u6b8b\u308b\u3002\u30be\u30f3\u30d3\u4f01\u696d\u306e\u8a95\u751f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5ef6\u547d\u3055\u308c\u305f\u30be\u30f3\u30d3\u4f01\u696d\u306f\u3069\u3046\u306a\u308b\u304b\u3002\u793e\u4f1a\u306e\u30ea\u30bd\u30fc\u30b9\u3092\u6d6a\u8cbb\u3057\u3001\u4eba\u3005\u306b\u6c42\u3081\u3089\u308c\u306a\u3044\u5546\u54c1\u3092\u4f5c\u308a\u7d9a\u3051\u308b\u3002\u305d\u306e\u7d50\u679c\u306f\u4f55\u304b\u3002\u8ab0\u3082\u305d\u306e\u5546\u54c1\u3092\u8cb7\u308f\u305a\u3001\u5024\u4e0b\u3052\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u308b\u3002\u9577\u671f\u30c7\u30d5\u30ec\u30c8\u30ec\u30f3\u30c9\u306e\u8a95\u751f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u91d1\u878d\u7de9\u548c\u306f\u77ed\u671f\u7684\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u7684\u306b\u50cd\u304f\u304c\u3001\u9577\u671f\u7684\u306b\u306f\u30c7\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3059\u3002\u30a4\u30f3\u30d5\u30ec\u3068\u30c7\u30d5\u30ec\u3092\u884c\u304d\u6765\u3057\u306a\u304c\u3089\u3001\u30be\u30f3\u30d3\u4f01\u696d\u306e\u4f5c\u3063\u305f\u5546\u54c1\u3067\u6ea2\u308c\u308b\u7d4c\u6e08\u306e\u6210\u9577\u7387\u306f\u9759\u304b\u306b\u6c88\u3093\u3067\u3086\u304f\u3002\u8457\u540d\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u304c\u4ee5\u524d\u8a00\u3063\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7103\" data-type=\"post\" data-id=\"7103\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u91d1\u878d\u7de9\u548c\u3053\u305d\u304c\u30c7\u30d5\u30ec\u306e\u5143\u51f6<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u30c7\u30d5\u30ec\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u72ed\u9593\u3067<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u305d\u3046\u3053\u3046\u3057\u3066\u3044\u308b\u5185\u306b\u666f\u6c17\u505c\u6ede\u306f\u6df1\u523b\u3068\u306a\u308b\u3002\u305d\u308c\u306f\u666e\u6bb5\u306f\u8868\u306b\u898b\u3048\u3066\u3044\u306a\u3044\u304c\u3001\u4f8b\u3048\u3070\u30b3\u30ed\u30ca\u306a\u3069\u306e\u5927\u707d\u5bb3\u304c\u8d77\u3053\u3063\u305f\u3068\u304d\u306b\u3001\u7d4c\u6e08\u306f\u601d\u3063\u3066\u3044\u308b\u3088\u308a\u5f31\u3044\u306e\u3060\u3068\u3044\u3046\u3053\u3068\u306b\u4eba\u3005\u306f\u6c17\u4ed8\u304b\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3067\u653f\u6cbb\u5bb6\u306f\u3044\u3064\u3082\u306e\u65b9\u6cd5\u3092\u884c\u3046\u3060\u308d\u3046\u3002\u7d19\u5e63\u5370\u5237\u3067\u3042\u308b\u3002\u305d\u3046\u3057\u3066\u7269\u4fa1\u9ad8\u9a30\u304c\u5dfb\u304d\u8d77\u3053\u308b\u3002\u3053\u308c\u307e\u3067\u306f\u8010\u3048\u3089\u308c\u305f\u30a4\u30f3\u30d5\u30ec\u3068\u30c7\u30d5\u30ec\u306e\u6ce2\u304c\u3001\u8010\u3048\u96e3\u3044\u307b\u3069\u306e\u8352\u6ce2\u306b\u5909\u308f\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24285\" data-type=\"post\" data-id=\"24285\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u904e\u304e\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u300c\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3089\u306a\u3051\u308c\u3070\u7d19\u5e63\u5370\u5237\u3092\u3057\u3066\u3082\u5927\u4e08\u592b\u3060\u300d\u3068\u3044\u3046\u306e\u304c\u5f7c\u3089\u306e\u30b9\u30ed\u30fc\u30ac\u30f3\u3060\u3063\u305f\u3002\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3063\u305f\u3089\u5f7c\u3089\u306f\u3069\u3046\u3059\u308b\u304b\u3002\u5929\u624d\u30cf\u30a4\u30a8\u30af\u6c0f\u306f\u305d\u308c\u3082\u4e88\u60f3\u3057\u3053\u3046\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u5468\u77e5\u306e\u901a\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u7d4c\u6e08\u3084\u5e02\u5834\u306e\u79e9\u5e8f\u304c\u7834\u58ca\u3055\u308c\u308b\u307e\u3067\u7d9a\u304f\u3002\u3057\u304b\u3057\u308f\u305f\u3057\u306b\u306f\u3088\u308a\u60aa\u3044\u53ef\u80fd\u6027\u306e\u307b\u3046\u304c\u3042\u308a\u3046\u308b\u3088\u3046\u306b\u601d\u308f\u308c\u308b\u3002<\/p><p>\u653f\u5e9c\u306f\u7269\u4fa1\u9ad8\u9a30\u3092\u6b62\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u3002\u3057\u304b\u3057\u3053\u308c\u307e\u3067\u3082\u305d\u3046\u3060\u3063\u305f\u3088\u3046\u306b\u3001\u7269\u4fa1\u9ad8\u9a30\u306e\u76ee\u306b\u898b\u3048\u308b\u52b9\u679c\u3060\u3051\u306f\u6291\u3048\u305f\u3044\u3068\u8003\u3048\u308b\u3002\u7269\u4fa1\u9ad8\u9a30\u304c\u7d9a\u304d\u3001\u4fa1\u683c\u306e\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u304c\u884c\u308f\u308c\u308b\u3088\u3046\u306b\u306a\u308a\u3001\u305d\u308c\u306f\u7a76\u6975\u7684\u306b\u306f\u7d4c\u6e08\u5236\u5ea6\u5168\u4f53\u3092\u7ba1\u7406\u3059\u308b\u3068\u3053\u308d\u306b\u307e\u3067\u3044\u305f\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3053\u308c\u304c1977\u5e74\u306b\u30cf\u30a4\u30a8\u30af\u6c0f\u304c\u66f8\u3044\u305f\u6587\u7ae0\u3060\u3068\u3044\u3046\u3053\u3068\u304c\u4fe1\u3058\u3089\u308c\u308b\u3060\u308d\u3046\u304b\u3002\u4eca\u306e\u653f\u6cbb\u5bb6\u305f\u3061\u306f\u5f7c\u306e\u4e88\u60f3\u3092\u307b\u3068\u3093\u3069\u305d\u306e\u307e\u307e\u306a\u305e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u4fa1\u683c\u7d71\u5236\u3092\u30cf\u30a4\u30a8\u30af\u6c0f\u304c\u300c\u3088\u308a\u60aa\u3044\u53ef\u80fd\u6027\u300d\u3068\u547c\u3076\u306e\u306f\u4f55\u6545\u304b\u3002<\/p>\n\n\n\n<p>\u4fa1\u683c\u7d71\u5236\u3092\u884c\u3048\u3070\u3001\u4fa1\u683c\u306f\u4e0a\u3052\u3088\u3046\u304c\u306a\u3044\u3002\u5b9f\u969b\u306b\u306f\u7269\u4e0d\u8db3\u304c\u9177\u304f\u306a\u308c\u3070\u30d6\u30e9\u30c3\u30af\u30de\u30fc\u30b1\u30c3\u30c8\u3067\u3082\u306e\u304c\u58f2\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3060\u304c\u3001\u7d4c\u6e08\u5b66\u8005\u3067\u3042\u308c\u3070\u8ab0\u3067\u3082\u3001\u4fa1\u683c\u7d71\u5236\u304c\u8003\u3048\u3046\u308b\u3082\u3063\u3068\u3082\u611a\u304b\u306a\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3067\u3042\u308b\u3053\u3068\u3092\u77e5\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u306a\u3089\u3070\u3001\u7269\u4e0d\u8db3\u3067\u4fa1\u683c\u304c\u4e0a\u304c\u308b\u3068\u3044\u3046\u5e02\u5834\u539f\u7406\u306b\u306f\u610f\u5473\u304c\u3042\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u4fa1\u683c\u304c\u4e0a\u304c\u308c\u3070\u3001\u3088\u308a\u9ad8\u3044\u30b3\u30b9\u30c8\u3092\u6255\u3063\u3066\u3067\u3082\u3082\u306e\u3092\u751f\u7523\u3057\u3088\u3046\u3068\u3059\u308b\u4f01\u696d\u304c\u73fe\u308c\u308b\u3002\u4fa1\u683c\u304c\u5909\u308f\u3089\u306a\u3051\u308c\u3070\u3001\u305d\u306e\u4fa1\u683c\u3067\u58f2\u308b\u3053\u3068\u306e\u51fa\u6765\u308b\u4f01\u696d\u306f\u65e2\u306b\u3082\u306e\u3092\u4f5c\u3063\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u7d4c\u6e08\u5168\u4f53\u306e\u751f\u7523\u91cf\u306f\u5909\u308f\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u4fa1\u683c\u304c\u4e0a\u304c\u308b\u304b\u3089\u3053\u305d\u751f\u7523\u91cf\u304c\u5f90\u3005\u306b\u5897\u3048\u3066\u3086\u304f\u306e\u3067\u3042\u308b\u3002\u4fa1\u683c\u7d71\u5236\u306f\u751f\u7523\u91cf\u5897\u52a0\u3092\u6b62\u3081\u3066\u3057\u307e\u3046\u3002\u305d\u3057\u3066\u78ba\u304b\u306b\u30b9\u30fc\u30d1\u30fc\u3067\u3082\u306e\u304c\u9ad8\u5024\u3067\u58f2\u3089\u308c\u308b\u3053\u3068\u306f\u7121\u304f\u306a\u308b\u304c\u3001\u751f\u7523\u91cf\u304c\u5897\u3048\u308b\u3053\u3068\u306f\u306a\u304f\u3001\u305d\u3082\u305d\u3082\u30b9\u30fc\u30d1\u30fc\u304b\u3089\u3082\u306e\u304c\u7121\u304f\u306a\u3063\u3066\u3057\u307e\u3046\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u8cea\u306f\u4fa1\u683c\u306e\u8a71\u3067\u306f\u306a\u304f\u7269\u4e0d\u8db3\u3067\u3042\u308b\u3002\u653f\u6cbb\u5bb6\u306f\u99ac\u9e7f\u3060\u304b\u3089\u305d\u308c\u304c\u5206\u304b\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u304c\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3068\u3057\u3066\u306e\u4fa1\u683c\u7d71\u5236\u306e\u52b9\u80fd\u3067\u3042\u308b\u3002\u653f\u6cbb\u3068\u3044\u3046\u3082\u306e\u306f\u3069\u306e\u56fd\u3082\u5927\u4f53\u99c4\u76ee\u3060\u304c\u3001\u30d5\u30e9\u30f3\u30b9\u306f\u7279\u306b\u9177\u3044\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3092\u884c\u306a\u3063\u3066\u3044\u308b\u3068\u611f\u3058\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16682\" data-type=\"post\" data-id=\"16682\">\u30d5\u30e9\u30f3\u30b9\u3001\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3067\u73fe\u91d1\u7d66\u4ed8\u3078<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27319\" data-type=\"post\" data-id=\"27319\">EU\u3001\u98df\u6599\u4fa1\u683c\u9ad8\u9a30\u306e\u6700\u4e2d\u3001\u4ee3\u66ff\u98df\u54c1\u3068\u3057\u3066\u30c8\u30ce\u30b5\u30de\u30d0\u30c3\u30bf\u3092\u63a8\u5968<\/a><\/li><\/ul>\n\n\n\n<p>\u4f55\u6545\u3053\u3046\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u306e\u304b\u3002\u4f55\u6545\u653f\u6cbb\u5bb6\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u308f\u3056\u308f\u3056\u5f15\u304d\u8d77\u3053\u3057\u3001\u3057\u304b\u3082\u305d\u308c\u3092\u60aa\u5316\u3055\u305b\u308b\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u7b54\u3048\u3082\u30cf\u30a4\u30a8\u30af\u6c0f\u304c50\u5e74\u524d\u306b\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u8ca8\u5e63\u306e\u91cf\u3092\u5897\u3084\u3059\u3053\u3068\u306f\u77ed\u671f\u7684\u306b\u306f\u6709\u52b9\u306b\u898b\u3048\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u9577\u671f\u7684\u306b\u306f\u3055\u3089\u306b\u5927\u304d\u306a\u5931\u696d\u3092\u5f15\u304d\u8d77\u3053\u3059\u539f\u56e0\u3068\u306a\u308b\u3002\u3053\u308c\u304c\u4e8b\u5b9f\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u77ed\u671f\u7684\u306b\u652f\u6301\u3092\u7372\u5f97\u3059\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u306a\u3089\u3070\u3001\u9577\u671f\u7684\u306a\u52b9\u679c\u3092\u6c17\u306b\u304b\u3051\u308b\u653f\u6cbb\u5bb6\u304c\u679c\u305f\u3057\u3066\u5b58\u5728\u3059\u308b\u3060\u308d\u3046\u304b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8a00\u3046\u304c\u3001\u73fe\u4ee3\u4eba\u306f\u30cf\u30a4\u30a8\u30af\u6c0f\u306e\u8a00\u8449\u306b\u8033\u3092\u50be\u3051\u308b\u3079\u304d\u3067\u3042\u308b\u3002\u5f7c\u306f\u5929\u624d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<a href=\"https:\/\/www.amazon.co.jp\/%E8%B2%A8%E5%B9%A3%E8%AB%96%E9%9B%86-%E3%83%8F%E3%82%A4%E3%82%A8%E3%82%AF%E5%85%A8%E9%9B%86-%E7%AC%AC2%E6%9C%9F-%E3%83%8F%E3%82%A4%E3%82%A8%E3%82%AF\/dp\/4393621921?__mk_ja_JP=%E3%82%AB%E3%82%BF%E3%82%AB%E3%83%8A&#038;crid=O7G5HVAW3DAM&#038;keywords=%E3%83%8F%E3%82%A4%E3%82%A8%E3%82%AF%E8%B2%A8%E5%B9%A3%E8%AB%96%E9%9B%86&#038;qid=1661337892&#038;sprefix=%E3%83%8F%E3%82%A4%E3%82%A8%E3%82%AF%E8%B2%A8%E5%B9%A3%E8%AB%96%E9%9B%86%2Caps%2C199&#038;sr=8-1&#038;linkCode=li2&#038;tag=globalmacrore-22&#038;linkId=715db8b97f10a983679cbe7824307f24&#038;language=ja_JP&#038;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" border=\"0\" src=\"\/\/ws-fe.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&#038;ASIN=4393621921&#038;Format=_SL160_&#038;ID=AsinImage&#038;MarketPlace=JP&#038;ServiceVersion=20070822&#038;WS=1&#038;tag=globalmacrore-22&#038;language=ja_JP\" ><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-jp.amazon-adsystem.com\/e\/ir?t=globalmacrore-22&#038;language=ja_JP&#038;l=li2&#038;o=9&#038;a=4393621921\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border:none !important; margin:0px !important;\" \/><br><a href=\"https:\/\/amzn.to\/3AlxuAb\" target=\"_blank\" rel=\"noopener\">\u8ca8\u5e63\u8ad6\u96c6<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u653f\u6cbb\u5bb6\u305f\u3061\u306f\u3082\u306f\u3084\u308f\u3056\u3068\u30a4\u30f3\u30d5\u30ec\u3092\u60aa\u5316\u3055\u305b\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u308f\u305a\u306b\u306f\u3044\u3089\u308c\u306a\u3044\u304c\u3001\u4eca\u65e5\u3082\u5404\u56fd\u653f\u5e9c\u306e\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u306e\u8a71\u984c\u3067\u3042\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":[38,108],"tags":[162,167],"class_list":["post-27412","post","type-post","status-publish","format-standard","hentry","category-european-bond-market","category-bond-markets","tag-friedrich-von-hayek","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27412","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=27412"}],"version-history":[{"count":37,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27412\/revisions"}],"predecessor-version":[{"id":27450,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27412\/revisions\/27450"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=27412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=27412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=27412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}