{"id":27644,"date":"2022-08-30T20:01:00","date_gmt":"2022-08-30T11:01:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=27644"},"modified":"2022-08-30T17:35:45","modified_gmt":"2022-08-30T08:35:45","slug":"%e3%80%8c%e6%a0%aa%e5%bc%8f%e6%8a%95%e8%b3%87%e3%81%af%e9%95%b7%e6%9c%9f%e7%9a%84%e3%81%ab%e3%81%af%e3%81%bb%e3%81%bc%e5%84%b2%e3%81%8b%e3%82%8b%e3%80%8d%e3%81%a8%e3%81%84%e3%81%86%e4%b8%bb%e5%bc%b5","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27644","title":{"rendered":"\u300c\u682a\u5f0f\u6295\u8cc7\u306f\u9577\u671f\u7684\u306b\u306f\u307b\u307c\u5132\u304b\u308b\u300d\u3068\u3044\u3046\u4e3b\u5f35\u304c\u5b8c\u5168\u306b\u9593\u9055\u3063\u3066\u3044\u308b\u7406\u7531"},"content":{"rendered":"\n<p>\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u5b9f\u4f53\u7d4c\u6e08\u3068\u682a\u5f0f\u5e02\u5834\u3092\u8972\u3063\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u306f\u3053\u3053\u3067\u306f2020\u5e74\u304b\u3089\u8b66\u544a\u3057\u7d9a\u3051\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308a\u3001\u682a\u5b89\u306b\u3064\u3044\u3066\u3082\u5e74\u59cb\u304b\u3089\u4e88\u60f3\u3057\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u306f\u3063\u304d\u308a\u8a00\u3046\u304c\u3001\u307e\u3060\u4f55\u3082\u59cb\u307e\u3063\u3066\u3055\u3048\u3044\u306a\u3044\u3002\u3053\u3053\u304b\u3089\u304c\u7269\u4fa1\u9ad8\u9a30\u3068\u3044\u3046\u5730\u7344\u306e\u672c\u756a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u9577\u671f\u6295\u8cc7<\/strong><\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u30a4\u30f3\u30d5\u30ec\u306e\u4f55\u304c\u6050\u308d\u3057\u3044\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3092\u5fa9\u7fd2\u3057\u3066\u304a\u304d\u305f\u3044\u3002\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u73fe\u5728\u306e\u3044\u308f\u3086\u308b\u3064\u307f\u305f\u3066NISA\u306b\u3088\u308b\u682a\u5f0f\u6295\u8cc7\u30d6\u30fc\u30e0\u304c\u6700\u60aa\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u59cb\u307e\u3063\u305f\u3053\u3068\u3092\u8aac\u660e\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27593\" data-type=\"post\" data-id=\"27593\">\u682a\u5f0f\u6295\u8cc7\u30d6\u30fc\u30e0\u306b\u4e57\u3063\u305f\u6642\u70b9\u3067\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u640d\u5931\u306f\u307b\u307c\u78ba\u5b9a\u3057\u3066\u3044\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304c\u91d1\u878d\u5e81\u306b\u305d\u305d\u306e\u304b\u3055\u308c\u305f\u7d20\u4eba\u305f\u3061\u306f\u3053\u3046\u8a00\u3046\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u4eee\u306b\u3053\u308c\u304b\u3089\u682a\u4fa1\u304c\u66b4\u843d\u3057\u3066\u3082\u3001\u7a4d\u307f\u7acb\u3066\u7d9a\u3051\u3066\u3044\u308c\u3070\u9577\u671f\u7684\u306b\u306f\u30d7\u30e9\u30b9\u306b\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u304b\uff1f\u3000\u7279\u306b\u7c73\u56fd\u682a\u306f\u3053\u308c\u307e\u306740\u5e74\u3001\u9577\u671f\u7684\u306b\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u5148\u305a\u7b2c\u4e00\u306b\u3001\u3053\u306e\u3064\u307f\u305f\u3066NISA\u8a50\u6b3a\u304c\u3088\u304f\u51fa\u6765\u3066\u3044\u308b\u306e\u306f\u3001\u81ea\u5206\u306e\u4fdd\u6709\u3059\u308b\u8cc7\u7523\u306e\u4fa1\u5024\u304c\u3069\u308c\u3060\u3051\u4e0b\u843d\u3057\u3066\u3082\u3001\u300c\u3067\u3082\u307e\u306040\u5e74\u7d4c\u3063\u3066\u3044\u306a\u3044\u304b\u3089\u300d\u3068\u3044\u3046\u7406\u7531\u3067\u5e38\u306b\u6b63\u5f53\u5316\u3067\u304d\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u671f\u9650\u3092\u5b9a\u3081\u306a\u3044\u6295\u8cc7\u306f\u5b9a\u7fa9\u4e0a\u7d76\u5bfe\u306b\u5931\u6557\u3059\u308b\u3053\u3068\u304c\u306a\u3044\u3002\u3044\u304f\u3089\u5931\u6557\u3057\u3066\u3044\u3066\u3082\u305d\u308c\u306f\u6c38\u9060\u306b\u78ba\u5b9a\u3057\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u3067\u8ab0\u304b\u304c\u5e78\u305b\u306b\u306a\u308b\u3053\u3068\u3082\u306a\u3044\u3002\u3044\u3084\u3001\u5f7c\u3089\u306f\u91d1\u878d\u5e81\u304b\u3089\u6295\u8cc7\u4fe1\u8a17\u3068\u3044\u3046\u4e0d\u5fc5\u8981\u306b\u624b\u6570\u6599\u306e\u9ad8\u3044\u3082\u306e\u3092\u62bc\u3057\u4ed8\u3051\u3089\u308c\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u9280\u884c\u3084\u8a3c\u5238\u4f1a\u793e\u306f\u3042\u306a\u305f\u304c\u305f\u306e\u624b\u6570\u6599\u3067\u5e78\u305b\u306b\u306a\u308b\u306e\u3060\u304c\u3002<\/p>\n\n\n\n<p><strong>\u7c73\u56fd\u682a\u306e\u9577\u671f\u4e0a\u6607\u76f8\u5834<\/strong><\/p>\n\n\n\n<p>\u3057\u304b\u3057\u305d\u308c\u3088\u308a\u3082\u8003\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306f\u3001\u4f55\u6545\u7c73\u56fd\u682a\u306f40\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u304d\u305f\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u4e00\u65b9\u3067\u65e5\u672c\u682a\u306f1989\u5e74\u306e\u30d0\u30d6\u30eb\u306e\u9ad8\u5024\u3092\u3044\u307e\u3060\u8d85\u3048\u3089\u308c\u3066\u3044\u306a\u3044\u306e\u3067\u300130\u5e74\u4ee5\u4e0a\u5229\u76ca\u304c\u51fa\u3066\u3044\u306a\u3044\u3053\u3068\u306b\u306a\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\/2022-8-30-nikkei-225-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"658\" height=\"506\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-nikkei-225-long-term-chart.png\" alt=\"\" class=\"wp-image-27662\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-nikkei-225-long-term-chart.png 658w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-nikkei-225-long-term-chart-300x231.png 300w\" sizes=\"auto, (max-width: 658px) 100vw, 658px\" \/><\/a><\/figure>\n\n\n\n<p>\u3088\u3063\u3066\u682a\u5f0f\u6295\u8cc7\u304c\u9577\u671f\u7684\u306b\u306f\u5e38\u306b\u5229\u76ca\u3092\u51fa\u3059\u3068\u3044\u3046\u5e7b\u60f3\u306f\u5358\u7d14\u306b\u4e8b\u5b9f\u306b\u53cd\u3059\u308b\u3002\u65e5\u672c\u682a\u3067\u306a\u304f\u3068\u3082\u9577\u671f\u7684\u306b\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u682a\u5f0f\u306f\u3044\u304f\u3089\u3067\u3082\u5b58\u5728\u3059\u308b\u3002\u524d\u56de\u306e\u8a18\u4e8b\u3067\u3082\u8a00\u3063\u305f\u304c\u3001\u7d50\u5c40\u306f\u6295\u8cc7\u306f\u3044\u304f\u3089\u3067\u8cb7\u3046\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308a\u3001\u8cb7\u3046\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u9593\u9055\u3048\u308c\u3070\u640d\u3092\u3057\u3066\u5f53\u7136\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27593\" data-type=\"post\" data-id=\"27593\">\u682a\u5f0f\u6295\u8cc7\u30d6\u30fc\u30e0\u306b\u4e57\u3063\u305f\u6642\u70b9\u3067\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u640d\u5931\u306f\u307b\u307c\u78ba\u5b9a\u3057\u3066\u3044\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u7c73\u56fd\u682a\u306f\u3053\u305340\u5e74\u9577\u671f\u7684\u306b\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3044\u308b\u3002\u305d\u308c\u304c\u5f7c\u3089\u306e\u983c\u308b\u6839\u62e0\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u81f4\u547d\u7684\u306a\u554f\u984c\u304c\u3042\u308b\u3002\u305d\u308c\u306f\u3001\u5f7c\u3089\u306e\u307b\u307c\u5168\u54e1\u304c\u4f55\u6545\u7c73\u56fd\u682a\u304c40\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u304d\u305f\u306e\u304b\u306b\u3064\u3044\u3066\u307e\u3063\u305f\u304f\u77e5\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7c73\u56fd\u682a\u304c40\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u7d71\u8a08\u7684\u76f8\u95a2\u95a2\u4fc2\u3068\u56e0\u679c\u95a2\u4fc2\u3092\u533a\u5225\u3067\u304d\u306a\u3044\u4eba\u306f\u591a\u3044\u304c\u3001\u8ad6\u7406\u7684\u306b\u8003\u3048\u3066\u3082\u3089\u3044\u305f\u3044\u3002\u300c\u7c73\u56fd\u682a\u306f40\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u304b\u3089\u3053\u308c\u304b\u3089\u3082\u4e0a\u304c\u308b\u300d\u3068\u4e3b\u5f35\u3059\u308b\u305f\u3081\u306b\u306f\u300140\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u7406\u7531\u3092\u307e\u305a\u767a\u898b\u3057\u3001\u305d\u308c\u304c\u4eca\u5f8c\u3082\u5b58\u5728\u3057\u7d9a\u3051\u308b\u3053\u3068\u3092\u8a3c\u660e\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u5f53\u305f\u308a\u524d\u3060\u308d\u3046\u3002\u3053\u308c\u304c\u51fa\u6765\u3066\u3044\u306a\u3044\u6642\u70b9\u3067\u305d\u306e\u4eba\u306e\u6295\u8cc7\u306f\u7834\u7dbb\u3057\u3066\u3044\u308b\u306e\u3060\u304c\u3001\u8ab0\u3082\u305d\u308c\u306b\u6c17\u3065\u3044\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u7c73\u56fd\u682a\u304c40\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u7406\u7531\u306f\u4f55\u304b\u3002\u305d\u3082\u305d\u3082\u4f55\u6545\u7b46\u8005\u306f10\u5e74\u308420\u5e74\u3067\u306f\u306a\u304f40\u5e74\u3068\u8a00\u3044\u7d9a\u3051\u3066\u3044\u308b\u306e\u304b\u6c17\u306b\u306a\u3063\u3066\u3044\u308b\u4eba\u3082\u591a\u3044\u3060\u308d\u3046\u3002\u305d\u308c\u306f40\u5e74\u524d\u306b\u4f55\u304b\u304c\u3042\u3063\u305f\u304b\u3089\u306b\u4ed6\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u53b3\u5bc6\u306b\u306f1981\u5e74\u306e\u3053\u3068\u3067\u3042\u308a\u30011981\u5e74\u306f\u30a2\u30e1\u30ea\u30ab\u3067\u91d1\u878d\u7de9\u548c\u304c\u9577\u671f\u7684\u306b\u958b\u59cb\u3055\u308c\u305f\u5e74\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u878d\u7de9\u548c\u3068\u3044\u3046\u306e\u306f\u3001\u8981\u3059\u308b\u306b\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u3053\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u3066\u307f\u308b\u3068\u30011981\u5e74\u3092\u9802\u70b9\u306b\u305d\u3053\u304b\u308940\u5e74\u4e0b\u304c\u308a\u7d9a\u3051\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\/2022-8-30-us-10-year-treasury-bond-yield-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"468\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-us-10-year-treasury-bond-yield-long-term-chart.png\" alt=\"\" class=\"wp-image-27682\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-us-10-year-treasury-bond-yield-long-term-chart.png 468w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-us-10-year-treasury-bond-yield-long-term-chart-300x300.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-us-10-year-treasury-bond-yield-long-term-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-30-us-10-year-treasury-bond-yield-long-term-chart-120x120.png 120w\" sizes=\"auto, (max-width: 468px) 100vw, 468px\" \/><\/a><\/figure>\n\n\n\n<p>\u4f55\u6545\u3053\u3053\u304c\u9802\u70b9\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u3068\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u5468\u77e5\u306e\u4e8b\u5b9f\u3060\u304c\u30011970\u5e74\u4ee3\u306b\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u7269\u4fa1\u9ad8\u9a30\u304c\u8d77\u3053\u308a\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u306a\u3063\u3066\u3044\u305f\u3002\u3064\u307e\u308a\u306f\u91d1\u5229\u3092\u4e0a\u3052\u7d9a\u3051\u3066\u3044\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u304c1980\u5e74\u9803\u306b\u53ce\u307e\u3063\u305f\u305f\u3081\u3001\u3088\u3046\u3084\u304f\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u3002\u305d\u306e\u5f8c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u4e0a\u8a18\u306e\u3088\u3046\u306b\u4e0b\u304c\u308a\u7d9a\u3051\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u5229\u4f4e\u4e0b\u3068\u682a\u4fa1\u4e0a\u6607<\/strong><\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u308c\u304c\u682a\u4fa1\u309240\u5e74\u9593\u652f\u3048\u7d9a\u3051\u3066\u304d\u305f\u306e\u3067\u3042\u308b\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u3088\u3046\u306a\u4e8b\u614b\u306b\u306a\u3063\u3066\u3082\u9577\u671f\u7684\u306a\u682a\u5b89\u306b\u306a\u3089\u306a\u304b\u3063\u305f\u306e\u306f\u3001\u5373\u5ea7\u306b\u91d1\u878d\u7de9\u548c\u3092\u884c\u306a\u3063\u3066\u682a\u5f0f\u5e02\u5834\u3092\u30d0\u30d6\u30eb\u306b\u3059\u308b\u3053\u3068\u304c\u51fa\u6765\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u305d\u308c\u304c\u9577\u671f\u7684\u306a\u7d4c\u6e08\u505c\u6ede\u306e\u539f\u56e0\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3060\u304c\u3001\u305d\u308c\u306f\u307e\u305f\u5225\u306e\u8a71\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>\u305d\u3057\u3066\u3088\u3046\u3084\u304f\u30b3\u30ed\u30ca\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u8a71\u306b\u306a\u308b\u3002\u85ac\u7269\u3068\u540c\u3058\u3067\u91d1\u878d\u7de9\u548c\u306f\u4f55\u5ea6\u3082\u7d9a\u3051\u308b\u3068\u52b9\u304d\u304c\u60aa\u304f\u306a\u3063\u3066\u304f\u308b\u306e\u3067\u3001\u56de\u6570\u3092\u5897\u3059\u3054\u3068\u306b\u904e\u6fc0\u306b\u306a\u3089\u3056\u308b\u3092\u5f97\u306a\u3044\u3002\u305d\u3057\u3066\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u306f\u660e\u3089\u304b\u306b\u3084\u308a\u904e\u304e\u305f\u306e\u3067\u3042\u308b\u3002\u3064\u3044\u306b\u7269\u4fa1\u9ad8\u9a30\u304c\u8d77\u304d\u3066\u3057\u307e\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25100\" data-type=\"post\" data-id=\"25100\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a4\u30f3\u30d5\u30ec\u306f\u653f\u5e9c\u306e\u30b3\u30ed\u30ca\u5bfe\u7b56\u304c\u5f15\u304d\u8d77\u3053\u3057\u305f<\/a><\/li><\/ul>\n\n\n\n<p>40\u5e74\u8d77\u3053\u3063\u3066\u3044\u306a\u304b\u3063\u305f\u30a4\u30f3\u30d5\u30ec\u76f8\u5834\u306e\u5230\u6765\u3067\u3042\u308b\u3002\u3053\u306e\u3088\u3046\u306a\u5927\u304d\u306a\u76f8\u5834\u306e\u8ee2\u63db\u70b9\u306b\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u3001\u6295\u8cc7\u5bb6\u306f\u610f\u8b58\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u305d\u3057\u3066\u3042\u308b\u7a0b\u5ea6\u77e5\u8b58\u306e\u3042\u308b\u6295\u8cc7\u5bb6\u3067\u3042\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u682a\u4fa1\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u60aa\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u77e5\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u304b\u3002\u91d1\u878d\u7de9\u548c\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u3053\u308c\u307e\u3067\u306f\u30c7\u30d5\u30ec\u3060\u3063\u305f\u304b\u3089\u3044\u304f\u3089\u3067\u3082\u7de9\u548c\u3092\u3057\u3066\u682a\u4fa1\u3092\u4e0a\u3052\u308b\u3053\u3068\u304c\u51fa\u6765\u3066\u3044\u305f\u3082\u306e\u304c\u3001\u4eca\u3084\u7de9\u548c\u3092\u7d9a\u3051\u308b\u3068\u30a4\u30f3\u30d5\u30ec\u304c\u60aa\u5316\u3057\u3066\u3057\u307e\u3046\u3002\u65e5\u672c\u3067\u306f\u307e\u3060\u307e\u3057\u3060\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u3084\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u7269\u4e0d\u8db3\u306f\u60b2\u60e8\u306a\u72b6\u6cc1\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u65ad\u3058\u3066\u30ed\u30b7\u30a2\u306e\u305b\u3044\u3067\u306f\u306a\u3044\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><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><strong>40\u5e74\u7d9a\u3044\u305f\u91d1\u878d\u7de9\u548c\u3092\u5931\u3063\u305f\u682a\u5f0f\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u3053\u308c\u3067\u3042\u308b\u7a0b\u5ea6\u306e\u982d\u306e\u3042\u308b\u4eba\u306a\u3089\u8ab0\u3067\u3082\u5206\u304b\u308b\u306f\u305a\u3067\u3042\u308b\u3002\u682a\u5f0f\u5e02\u5834\u304c\u9577\u671f\u7684\u306b\u4e0a\u304c\u308b\u3068\u3044\u3046\u306e\u306f\u307e\u3063\u305f\u304f\u4e8b\u5b9f\u3067\u306f\u306a\u3044\u3002\u3053\u308c\u3092\u6b63\u78ba\u306b\u8a00\u3044\u76f4\u305b\u3070\u3001\u300c\u682a\u5f0f\u5e02\u5834\u306f\u91d1\u878d\u7de9\u548c\u3092\u7d9a\u3051\u3089\u308c\u308b\u9650\u308a\u9577\u671f\u7684\u306b\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u300d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e8b\u5b9f\u3001\u65e5\u672c\u682a\u306e\u30d0\u30d6\u30eb\u304c1989\u5e74\u306b\u5d29\u58ca\u3057\u3001\u305d\u306e\u5f8c\u4f4e\u8ff7\u3057\u305f\u306e\u306f\u91d1\u5229\u304c\u30bc\u30ed\u306b\u306a\u3063\u3066\u305d\u308c\u4ee5\u4e0a\u4e0b\u3052\u3089\u308c\u306a\u304f\u306a\u3063\u305f\u304b\u3089\u3067\u3042\u308a\u3001\u305d\u306e\u5f8c\u682a\u4fa1\u304c\u4e0a\u6607\u3092\u518d\u958b\u3057\u305f\u306e\u306f\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u3067\u91cf\u7684\u7de9\u548c\u3068\u3044\u3046\u65b0\u305f\u306a\u7de9\u548c\u624b\u6bb5\u3092\u958b\u59cb\u3057\u305f\u5f8c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u7c73\u56fd\u682a\u3067\u3082\u65e5\u672c\u682a\u3067\u3082\u3001\u300c\u91d1\u878d\u7de9\u548c\u304c\u3042\u308c\u3070\u682a\u4fa1\u306f\u9577\u671f\u7684\u306b\u4e0a\u304c\u308b\u300d\u3068\u3044\u3046\u547d\u984c\u306f\u666e\u904d\u7684\u306b\u6b63\u3057\u3044\u3088\u3046\u306b\u89b3\u6e2c\u3067\u304d\u308b\u3002\u305d\u3057\u3066\u3053\u308c\u304b\u3089\u306e\u76f8\u5834\u306b\u91d1\u878d\u7de9\u548c\u304c\u3042\u308b\u304b\u3069\u3046\u304b\u3068\u8a00\u3048\u3070\u3001\u306a\u3044\u3002\u7269\u4fa1\u9ad8\u9a30\u304c\u5929\u4e95\u77e5\u3089\u305a\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u306e\u3067\u91d1\u878d\u7de9\u548c\u306f\u51fa\u6765\u306a\u3044\u3002\u3080\u3057\u308d\u91d1\u5229\u306f\u9ad8\u3044\u6c34\u6e96\u3067\u9577\u671f\u9593\u7dad\u6301\u3055\u308c\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3044\u3046\u72b6\u6cc1\u4e0b\u3067\u682a\u5f0f\u5e02\u5834\u306f\u3069\u3046\u306a\u308b\u304b\u3002\u7c73\u56fd\u682a\u306f40\u5e74\u4e0a\u6607\u76f8\u5834\u3092\u7d9a\u3051\u3066\u304d\u305f\u306e\u3060\u304b\u3089\u3001\u305d\u306e40\u5e74\u9593\u3088\u308a\u524d\u306e\u671f\u9593\u306f\u9577\u671f\u306e\u4e0b\u3052\u76f8\u5834\u3060\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u89e3\u8aac\u3057\u305f\u304c\u3001\u7c73\u56fd\u682a\u304c\u6570\u5341\u5e74\u3082\u306e\u9593\u4e0b\u3052\u76f8\u5834\u3060\u3063\u305f\u671f\u9593\u306f\u666e\u901a\u306b\u5b58\u5728\u3059\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25829\" data-type=\"post\" data-id=\"25829\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u7c73\u56fd\u682a\u306f30\u5e74\u4e0a\u304c\u3089\u306a\u3044\u53ef\u80fd\u6027<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u3053\u308c\u304b\u3089\u59cb\u307e\u308b\u306e\u306f\u300140\u5e74\u306e\u7de9\u548c\u30d0\u30d6\u30eb\u306e\u5f8c\u306b\u59cb\u307e\u308b\u306e\u306f\u3001\u305d\u3046\u3044\u3046\u671f\u9593\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u300c\u682a\u5f0f\u6295\u8cc7\u306f\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306b\u9577\u671f\u6295\u8cc7\u3057\u3066\u3044\u308c\u3070\u307b\u307c\u5229\u76ca\u304c\u51fa\u308b\u300d\u3068\u3044\u3046\u6700\u8fd1\u56c1\u304b\u308c\u59cb\u3081\u305f\u5947\u5999\u306a\u5e7b\u60f3\u306f\u5b8c\u5168\u306b\u9593\u9055\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e0a\u8a18\u306e\u3088\u3046\u306b\u4e8b\u5b9f\u3068\u56e0\u679c\u95a2\u4fc2\u3092\u304d\u3063\u3061\u308a\u8abf\u3079\u308c\u3070\u8ab0\u3067\u3082\u5206\u304b\u308b\u3053\u3068\u306a\u306e\u3060\u304c\u3001\u305d\u308c\u3092\u8003\u3048\u3088\u3046\u3068\u3059\u308b\u4eba\u306f\u8ab0\u3082\u3044\u306a\u3044\u3002\u8981\u3059\u308b\u306b\u7686\u3001\u4f55\u306e\u52aa\u529b\u305b\u305a\u306b\u304a\u91d1\u304c\u5132\u304b\u3063\u3066\u3044\u3066\u307b\u3057\u3044\u3060\u3051\u306a\u306e\u3067\u3042\u308b\u3002\u305d\u3046\u3044\u3046\u4eba\u304c\u3064\u307f\u305f\u3066NISA\u306b\u5438\u3044\u8fbc\u307e\u308c\u308b\u3002\u305d\u3057\u3066\u5f53\u7136\u306e\u7d50\u679c\u3092\u6301\u3061\u5e30\u308b\u3002<\/p>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u306f\u6b32\u3057\u3044\u3082\u306e\u304c\u624b\u306b\u5165\u308b\u5922\u306e\u3088\u3046\u306a\u5834\u6240\u3067\u3042\u308b\u3002\u76f8\u5834\u306f\u78ba\u304b\u306b\u3001\u4f55\u3082\u8003\u3048\u305a\u306b\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306b\u6295\u8cc7\u3092\u3059\u308b\u3060\u3051\u3067\u5132\u304b\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u3044\u3046\u5e7b\u60f3\u3092\u5f7c\u3089\u306b\u4e0e\u3048\u3066\u304f\u308c\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u682a\u5f0f\u5e02\u5834\u306f\u73fe\u5b9f\u3068\u3044\u3046\u304a\u307e\u3051\u3082\u5f7c\u3089\u306b\u4e0e\u3048\u308b\u3060\u308d\u3046\u3002\u5f7c\u3089\u306f\u682a\u4fa1\u5d29\u58ca\u306b\u3088\u308b\u591a\u984d\u306e\u640d\u5931\u3068\u3044\u3046\u5bfe\u4fa1\u3092\u3001\u305d\u306e\u5e7b\u60f3\u306e\u305f\u3081\u306b\u652f\u6255\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u4f55\u4e8b\u3082\u624b\u306b\u5165\u308c\u308b\u306b\u306f\u5bfe\u4fa1\u304c\u8981\u308b\u306e\u3067\u3042\u308a\u3001\u305d\u3057\u3066\u5e7b\u60f3\u306f\u610f\u5916\u3068\u9ad8\u4fa1\u3067\u3042\u308b\u3053\u3068\u3092\u5f7c\u3089\u306f\u609f\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24577\" data-type=\"post\" data-id=\"24577\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: 40\u5e74\u7d9a\u3044\u305f\u7c73\u56fd\u682a\u5f37\u6c17\u76f8\u5834\u304c\u5d29\u58ca\u3059\u308b<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27199\" data-type=\"post\" data-id=\"27199\">\u7c73\u56fd\u682a\u306e\u4eca\u5f8c\u306e\u898b\u901a\u3057: 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class=\"screen-reader-text\">\u300c\u682a\u5f0f\u6295\u8cc7\u306f\u9577\u671f\u7684\u306b\u306f\u307b\u307c\u5132\u304b\u308b\u300d\u3068\u3044\u3046\u4e3b\u5f35\u304c\u5b8c\u5168\u306b\u9593\u9055\u3063\u3066\u3044\u308b\u7406\u7531<\/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":[59,111],"tags":[167],"class_list":["post-27644","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27644","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=27644"}],"version-history":[{"count":66,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27644\/revisions"}],"predecessor-version":[{"id":27712,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27644\/revisions\/27712"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=27644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=27644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=27644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}