{"id":2960,"date":"2016-04-13T07:11:14","date_gmt":"2016-04-12T22:11:14","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=2960"},"modified":"2016-04-13T07:11:14","modified_gmt":"2016-04-12T22:11:14","slug":"2016%e5%b9%b4%e7%b1%b3%e5%9b%bd%e5%88%a9%e4%b8%8a%e3%81%92%e4%ba%88%e6%83%b3%e3%81%a8%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e7%8e%87%e6%8e%a8%e7%a7%bb%e3%81%ae%e8%a6%8b%e9%80%9a%e3%81%97%e3%81%ab","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/2960","title":{"rendered":"2016\u5e74\u7c73\u56fd\u5229\u4e0a\u3052\u4e88\u60f3\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u63a8\u79fb\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066"},"content":{"rendered":"<p>2016\u5e74\u3001\u7c73\u56fd\u306f\u5229\u4e0a\u3052\u3092\u884c\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3057\u3066\u3044\u308b\u304c\u3001\u98df\u54c1\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u3092\u9664\u3044\u305f\u30b3\u30a2CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306f\u4e0a\u6607\u306b\u8ee2\u3058\u3066\u304a\u308a\u3001\u3053\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u30c8\u30ec\u30f3\u30c9\u304c\u9577\u671f\u7684\u306a\u3082\u306e\u3067\u3042\u308c\u3070\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u7d4c\u6e08\u306e\u6e1b\u901f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5229\u4e0a\u3052\u3092\u5f37\u884c\u3059\u308b\u5fc5\u8981\u306b\u8feb\u3089\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<p>\u305d\u3053\u3067\u3053\u306e\u8a18\u4e8b\u3067\u306f\u4e00\u5ea6\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u73fe\u72b6\u3068\u305d\u306e\u5c55\u671b\u3001\u60f3\u5b9a\u3055\u308c\u308b\u5229\u4e0a\u3052\u306e\u6642\u671f\u3084\u56de\u6570\u3001\u305d\u3057\u3066\u5229\u4e0a\u3052\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u682a\u4fa1\u3084\u30c9\u30eb\u3001\u91d1\u4fa1\u683c\u306a\u3069\u306b\u53ca\u307c\u3059\u5f71\u97ff\u3092\u8ad6\u3058\u3066\u307f\u305f\u3044\u3068\u601d\u3046\u3002<\/p>\n<p><!--more--><strong>\u7c73\u56fdCPI\u306e\u73fe\u72b6<\/strong><\/p>\n<p>\u5148\u305a\u306f\u6d88\u8cbb\u8005\u7269\u4fa1\u306e\u73fe\u72b6\u304b\u3089\u898b\u3066\u307f\u305f\u3044\u3002\u4ee5\u4e0b\u306fCPI\u3068\u30b3\u30a2CPI\u306e\u63a8\u79fb\u3092\u793a\u3057\u305f\u30b0\u30e9\u30d5\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-inflation-rates-cpi-and-core-cpi.png\" rel=\"attachment wp-att-2867\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2867\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-inflation-rates-cpi-and-core-cpi.png\" alt=\"2016-2-us-inflation-rates-cpi-and-core-cpi\" width=\"386\" height=\"354\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-inflation-rates-cpi-and-core-cpi.png 386w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-inflation-rates-cpi-and-core-cpi-300x275.png 300w\" sizes=\"auto, (max-width: 386px) 100vw, 386px\" \/><\/a><\/p>\n<p>CPI\u304c\u4f4e\u8ff7\u3057\u3066\u3044\u308b\u304c\u3001\u3053\u308c\u306f\u539f\u6cb9\u4fa1\u683c\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u4e00\u65b9\u3067\u98df\u54c1\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u3092\u9664\u3044\u305f\u30b3\u30a2CPI\u306f\u4e0a\u6607\u306b\u8ee2\u3058\u3066\u304a\u308a\u3001Fed\u306e\u30a4\u30f3\u30d5\u30ec\u30bf\u30fc\u30b2\u30c3\u30c8\u3067\u3042\u308b2%\u3092\u65e2\u306b\u4e0a\u56de\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u3053\u306e2\u3064\u306e\u6307\u6a19\u306e\u3046\u3061\u3069\u3061\u3089\u3092\u4fe1\u3058\u308c\u3070\u826f\u3044\u304b\u3068\u8a00\u3048\u3070\u3001\u30b3\u30a2CPI\u306e\u65b9\u3067\u3042\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u308f\u305f\u3057\u306e\u4e88\u60f3\u3067\u306f\u539f\u6cb9\u4fa1\u683c\u306f2016\u5e74\u306b\u5e95\u5165\u308c\u3059\u308b\u3060\u308d\u3046\u304b\u3089\u3067\u3042\u308b\u3002\u305d\u3046\u3059\u308c\u3070CPI\u306e\u65b9\u3082\u30b3\u30a2CPI\u306b\u9798\u5bc4\u305b\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2763\">2016\u5e74\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3\u307e\u3068\u3081: \u30b7\u30a7\u30fc\u30eb\u7523\u696d\u306e\u5012\u7523\u898b\u901a\u3057\u3068OPEC\u5354\u8abf\u306e\u5f71\u97ff<\/a><\/li>\n<\/ul>\n<p>\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306f2%\u3092\u8d85\u3048\u3066\u4e0a\u6607\u3057\u3066\u3086\u304f\u306e\u304b\uff1f\u3000Fed\u306f\u5229\u4e0a\u3052\u3092\u5f37\u884c\u3057\u3066\u706b\u6d88\u3057\u306b\u8d70\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u304b\uff1f\u3000\u305d\u308c\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u5185\u5bb9\u3092\u898b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n<p><strong>\u30b5\u30fc\u30d3\u30b9\u304c\u727d\u5f15\u3059\u308b\u30a4\u30f3\u30d5\u30ec<\/strong><\/p>\n<p>\u7c73\u56fd\u52b4\u50cd\u7d71\u8a08\u5c40\u306e\u30c7\u30fc\u30bf\uff08<a href=\"http:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" target=\"_blank\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u306b\u3088\u308c\u3070\u3001\u4e0a\u6607\u3092\u727d\u5f15\u3057\u3066\u3044\u308b\u306e\u306f\u30a8\u30cd\u30eb\u30ae\u30fc\u95a2\u9023\u3092\u9664\u304f\u30b5\u30fc\u30d3\u30b9\uff083.1%\uff09\u3067\u3042\u308a\u3001\u4e00\u65b9\u3067\u98df\u54c1\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u3092\u9664\u304f\u8ca1\uff080.1%\uff09\u306f\u3044\u307e\u3060\u4f4e\u8ff7\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u30b5\u30fc\u30d3\u30b9\u306e\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u7d99\u7d9a\u3057\u3066\u773a\u3081\u3066\u304d\u305f\u4eba\u9593\u306b\u306f\u7406\u89e3\u3057\u3084\u3059\u3044\u72b6\u6cc1\u3067\u3042\u308b\u3002\u3068\u3044\u3046\u306e\u306f\u3001\u30b5\u30fc\u30d3\u30b9\u306e\u4e3b\u306a\u30b3\u30b9\u30c8\u306f\u4eba\u4ef6\u8cbb\u3067\u3042\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u6628\u4eca\u6700\u4f4e\u8cc3\u91d1\u306e\u5f15\u304d\u4e0a\u3052\u304c\u30d6\u30fc\u30e0\u3068\u306a\u3063\u3066\u3044\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u30b9\u30fc\u30d1\u30fc\u5927\u624b\u306eWal-Mart (NYSE:WMT; <a href=\"https:\/\/www.google.com\/finance?cid=38230\" target=\"_blank\">Google Finance<\/a>)\u304c\u4eba\u4ef6\u8cbb\u306e\u5897\u52a0\u3092\u539f\u56e0\u306b\u696d\u7e3e\u60aa\u5316\u3092\u767a\u8868\u3057\u305f\u306e\u306f\u8a18\u61b6\u306b\u65b0\u3057\u3044\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u305d\u306e\u3082\u306e\u306f\u6e1b\u901f\u3057\u3066\u3044\u308b\u3002\u4fa1\u683c\u306f\u9700\u8981\u3068\u3044\u3046\u3088\u308a\u306f\u6700\u4f4e\u8cc3\u91d1\u3068\u3044\u3046\u6cd5\u5f8b\u306e\u305f\u3081\u306b\u4e0a\u304c\u3063\u3066\u3044\u308b\u304c\u3001\u7d4c\u6e08\u306f\u843d\u3061\u8fbc\u307f\u3064\u3064\u3042\u308b\u72b6\u6cc1\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2431\">2015\u5e744Q\u7c73\u56fd\u5b9f\u8ceaGDP\u901f\u5831\u5024\u306f\u660e\u3089\u304b\u306a\u6e1b\u901f\u3001\u30c9\u30eb\u9ad8\u3067\u8f38\u51fa\u306f\u6025\u964d\u4e0b\u3001\u30ac\u30bd\u30ea\u30f3\u5b89\u306f\u6d88\u8cbb\u3092\u52a9\u3051\u305a<\/a><\/li>\n<\/ul>\n<p>\u3064\u307e\u308a\u3053\u308c\u306f\u30b3\u30b9\u30c8\u30d7\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ec\u3067\u3042\u308b\u3002\u4eba\u4ef6\u8cbb\u306e\u9ad8\u9a30\u304c\u7d4c\u6e08\u6210\u9577\u3092\u5727\u8feb\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><strong>\u8cc3\u91d1\u306f\u4e0a\u6607\u3057\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n<p>\u305d\u3046\u3067\u3042\u308c\u3070\u3001\u6b21\u306b\u898b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u6307\u6a19\u306f\u8cc3\u91d1\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u8cc3\u91d1\u306f\u30012015\u5e743\u6708\u307e\u3067\u306f\u4e0a\u6607\u3057\u3066\u3044\u305f\u304c\u3001\u305d\u306e\u5f8c\u6e1b\u901f\u3057\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306f\u52b4\u50cd\u5bfe\u4fa1\uff08\u8cc3\u91d1\u306a\u3069\uff09\u3068\u30b3\u30a2CPI\u3092\u6bd4\u3079\u305f\u30b0\u30e9\u30d5\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-core-cpi-and-labour-compensation-wages-salaries-and-benefits.png\" rel=\"attachment wp-att-2963\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2963\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-core-cpi-and-labour-compensation-wages-salaries-and-benefits.png\" alt=\"2016-2-us-core-cpi-and-labour-compensation-wages-salaries-and-benefits\" width=\"388\" height=\"361\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-core-cpi-and-labour-compensation-wages-salaries-and-benefits.png 388w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/04\/2016-2-us-core-cpi-and-labour-compensation-wages-salaries-and-benefits-300x279.png 300w\" sizes=\"auto, (max-width: 388px) 100vw, 388px\" \/><\/a><\/p>\n<p>\u30b5\u30fc\u30d3\u30b9\u696d\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u727d\u5f15\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3067\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u8cc3\u91d1\u306f\u3042\u308b\u7a0b\u5ea6\u9023\u52d5\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u305d\u3057\u3066\u3053\u306e2\u3064\u306e\u3069\u3061\u3089\u304c\u5148\u884c\u6307\u6a19\u304b\u3068\u8a00\u3048\u3070\u3001\u8cc3\u91d1\u306e\u65b9\u3067\u3042\u308b\u3002\u4f01\u696d\u306f\u8cc3\u91d1\u3092\u4e0a\u3052\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308a\u3001\u8ca1\u653f\u304c\u5727\u8feb\u3055\u308c\u3001\u5546\u54c1\u306e\u4fa1\u683c\u3092\u4e0a\u3052\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>2011\u5e74\u306e\u4f8b\u3092\u898b\u3066\u307f\u308c\u3070\u3001\u52b4\u50cd\u5bfe\u4fa1\u306e\u65b9\u304c\u5148\u306b\u30d4\u30fc\u30af\u30a2\u30a6\u30c8\u3092\u3057\u3066\u3044\u308b\u306e\u304c\u5206\u304b\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u306f10\u30f6\u6708\u307b\u3069\u5f8c\u3067\u5929\u4e95\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u3067\u306f\u6700\u8fd1\u306e\u6570\u5024\u306f\u3069\u3046\u304b\u3068\u8a00\u3048\u3070\u3001\u52b4\u50cd\u5bfe\u4fa1\u306f2015\u5e743\u6708\u3067\u30d4\u30fc\u30af\u30a2\u30a6\u30c8\u3057\u3066\u304a\u308a\u3001\u305d\u306e\u5f8c\u306f\u6a2a\u3070\u3044\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002\u7269\u4fa1\u304c\u8cc3\u91d1\u306e\u9045\u884c\u6307\u6a19\u3067\u3042\u308b\u3053\u3068\u3092\u8003\u3048\u308c\u3070\u30012016\u5e742\u6708\u6642\u70b9\u3067\u4e0a\u6607\u306b\u5411\u304b\u3063\u3066\u3044\u308b\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u3001\u6625\u904e\u304e\u9803\u307e\u3067\u306b\u306f\u30d4\u30fc\u30af\u30a2\u30a6\u30c8\u3059\u308b\u3068\u8003\u3048\u308b\u3079\u304d\u3060\u308d\u3046\u3002\u6210\u9577\u7387\u304c\u6e1b\u901f\u3057\u3001\u8cc3\u91d1\u304c\u4e0a\u304c\u3089\u306a\u3044\u72b6\u6cc1\u3067\u306f\u30b5\u30fc\u30d3\u30b9\u306e\u4fa1\u683c\u306f\u4e0a\u304c\u308a\u3088\u3046\u304c\u306a\u3044\u3002<\/p>\n<p><strong>\u8cc3\u91d1\u306f\u4f55\u6545\u4e0a\u304c\u3089\u306a\u3044\u306e\u304b\uff1f<\/strong><\/p>\n<p>\u3067\u306f\u305d\u3082\u305d\u3082\u4f55\u6545\u8cc3\u91d1\u306f\u6e1b\u901f\u3057\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u3053\u308c\u306f\u6050\u3089\u304f\u306f\u91cf\u7684\u7de9\u548c\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u6709\u52b9\u3060\u3063\u305f\u306e\u3060\u3068\u8003\u3048\u308b\u3079\u304d\u3060\u308d\u3046\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u65e2\u306b\u91cf\u7684\u7de9\u548c\u3092\u505c\u6b62\u3057\u3001\u5229\u4e0a\u3052\u3092\u958b\u59cb\u3057\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u5f15\u7528\u3057\u305f\u3088\u3046\u306b\u3001\u8457\u540d\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3082\u91cf\u7684\u7de9\u548c\u306f\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u3068\u9055\u3044\u30c7\u30d5\u30ec\u5bfe\u7b56\u306b\u6709\u52b9\u3060\u3063\u305f\u3068\u4e3b\u5f35\u3057\u3066\u3044\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2946\">\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f: \u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3059\u308b\u3001\u5229\u4e0a\u3052\u306f\u5931\u6557\u3059\u308b\u3001\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u306f\u52b9\u304b\u306a\u3044<\/a><\/li>\n<\/ul>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u8cc3\u91d1\u306e\u6e1b\u901f\u304c\u7d9a\u304f\u5834\u5408\u3001Fed\u306f\u91cf\u7684\u7de9\u548c\u3092\u518d\u958b\u3059\u308b\u4ed6\u306b\u624b\u6bb5\u304c\u306a\u304f\u306a\u308b\u3002\u30bd\u30ed\u30b9\u6c0f\u3082\u8a00\u3063\u3066\u3044\u305f\u3088\u3046\u306b\u3001\u5229\u4e0b\u3052\u4f59\u5730\u304c\u307b\u3068\u3093\u3069\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u5229\u4e0a\u3052\u306f\u3069\u3046\u306a\u308b\u304b\uff1f<\/strong><\/p>\n<p>\u3068\u308a\u3042\u3048\u305a\u3001Fed\u306f\u3042\u3068\u6570\u30f6\u6708\u306f\u52b4\u50cd\u5e02\u5834\u306e\u72b6\u6cc1\u3092\u898b\u3088\u3046\u3068\u8003\u3048\u308b\u306f\u305a\u3067\u3042\u308b\u3002\u3053\u306e\u30d4\u30fc\u30af\u30a2\u30a6\u30c8\u304c\u9577\u671f\u30c8\u30ec\u30f3\u30c9\u304b\u3069\u3046\u304b\u3092\u5224\u65ad\u3059\u308b\u306b\u306f\u3001\u308f\u305f\u3057\u3082\u5f7c\u3089\u3082\u3082\u3046\u5c11\u3057\u30c7\u30fc\u30bf\u3092\u5fc5\u8981\u3068\u3059\u308b\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u73fe\u5728\u3001\u91d1\u5229\u5148\u7269\u5e02\u5834\u306f2016\u5e74\u306e\u5229\u4e0a\u3052\u56de\u6570\u3092\u30bc\u30ed\u3067\u3042\u308b\u3068\u898b\u7a4d\u3082\u3063\u3066\u3044\u308b\u3002\u500b\u4eba\u7684\u306b\u306f\u3053\u308c\u306f\u3084\u3084\u30cf\u30c8\u6d3e\u904e\u304e\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3046\u3002\u3042\u30681\u5ea6\u304b2\u5ea6\u306e\u5229\u4e0a\u3052\u306f\u6709\u308a\u5f97\u306a\u304f\u306f\u306a\u3044\u3060\u308d\u3046\u3002\u3053\u308c\u306f\u77ed\u671f\u7684\u306b\u306f\u91d1\u4fa1\u683c\u306b\u30de\u30a4\u30ca\u30b9\u3001\u30c9\u30eb\u306b\u306f\u30d7\u30e9\u30b9\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u4ed6\u306b\u30a4\u30f3\u30d5\u30ec\u3092\u62bc\u3057\u4e0a\u3052\u308b\u8981\u56e0\u3068\u3057\u3066\u3001\u30c9\u30eb\u306e\u4e0b\u843d\u306b\u3088\u308b\u8f38\u5165\u7269\u4fa1\u306e\u4e0a\u6607\u3068\u3001\u3042\u3068\u306f\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0a\u6607\u304c\u6319\u3052\u3089\u308c\u308b\u3002\u524d\u8005\u306f\u5229\u4e0a\u3052\u3067\u30c9\u30eb\u304c\u4e0a\u6607\u3059\u308c\u3070\u6d88\u3048\u308b\u3082\u306e\u3067\u3042\u308b\u304b\u3089\u3001\u3055\u307b\u3069\u554f\u984c\u3067\u306f\u306a\u3044\u304c\u3001\u305d\u3082\u305d\u3082\u30c9\u30eb\u9ad8\u3067\u3082\u30b3\u30a2CPI\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u4e8b\u5b9f\u306f\u6ce8\u76ee\u306b\u5024\u3059\u308b\u3002\u4f4f\u5b85\u4fa1\u683c\u306f\u91cf\u7684\u7de9\u548c\u505c\u6b62\u5f8c\u306f\u843d\u3061\u7740\u3044\u3066\u306f\u3044\u308b\u304c\u3001\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u306f\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n<p><strong>2016\u5e74\u304c\u6b63\u5ff5\u5834<\/strong><\/p>\n<p>\u3053\u3053\u304b\u3089\u306f\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3068\u4e2d\u592e\u9280\u884c\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u3092\u821e\u53f0\u3068\u3057\u305f\u52dd\u8ca0\u3068\u306a\u308b\u3002\u591a\u304f\u306e\u8457\u540d\u6295\u8cc7\u5bb6\u304c\u5229\u4e0a\u3052\u304c\u5931\u6557\u3059\u308b\u65b9\u5411\u306b\u8ced\u3051\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2946\">\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f: \u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3059\u308b\u3001\u5229\u4e0a\u3052\u306f\u5931\u6557\u3059\u308b\u3001\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u306f\u52b9\u304b\u306a\u3044<\/a><\/li>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2610\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u5e74\u5185\u5229\u4e0a\u3052\u306f\u6df1\u523b\u306a\u8aa4\u308a\u306b\u3001\u305d\u3057\u3066\u7c73\u56fd\u306f\u91cf\u7684\u7de9\u548c\u3092\u518d\u958b\u3059\u308b<\/a><\/li>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2369\">\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f: \u7c73\u56fd\u306e\u5229\u4e0a\u3052\u306f\u56f0\u96e3\u3001\u30c9\u30eb\u9ad8\u3067\u7c73\u56fd\u306e\u9700\u8981\u306f\u6d77\u5916\u306b\u6d41\u51fa\u3059\u308b<\/a><\/li>\n<\/ul>\n<p>\u8aad\u8005\u306b\u306f\u5468\u77e5\u306e\u901a\u308a\u3001\u308f\u305f\u3057\u3082\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u3066\u91d1\u304c\u4e0a\u6607\u3059\u308b\u30b7\u30ca\u30ea\u30aa\u306b\u8ced\u3051\u3066\u3044\u308b\u304c\u3001\u3053\u306e\u307e\u307e\u4e00\u76f4\u7dda\u3067\u4e0a\u6607\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u307b\u3069\u306b\u697d\u89b3\u7684\u3067\u306f\u306a\u3044\u3002<\/p>\n<p>\u3044\u307e\u3060\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0a\u3052\u6b62\u307e\u3063\u3066\u304a\u3089\u305a\u3001Fed\u304c\u5229\u4e0a\u3052\u3092\u8a66\u307f\u308b\u53ef\u80fd\u6027\u306f\u5341\u5206\u306b\u3042\u308b\u3002\u7c73\u56fd\u682a\u306f\u4e16\u754c\u540c\u6642\u682a\u5b89\u304b\u3089\u53cd\u767a\u3057\u305f\u305f\u3081\u3001Fed\u304c\u91d1\u878d\u5e02\u5834\u3092\u6c17\u9063\u3046\u5fc5\u8981\u306f\u306a\u3044\u3002\u682a\u5f0f\u306f\u5fae\u5999\u306a\u7acb\u5834\u306b\u3042\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u682a\u4fa1\u306b\u30d7\u30e9\u30b9\u3060\u304c\u3001\u7d4c\u6e08\u6210\u9577\u306f\u671b\u3081\u305a\u3001\u5229\u4e0a\u3052\u306f\u5f53\u7136\u30de\u30a4\u30ca\u30b9\u3067\u3042\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u91d1\u5229\u5148\u7269\u304c\u5229\u4e0a\u3052\u306a\u3057\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u4ee5\u4e0a\u3001\u5229\u4e0a\u3052\u3092\u3059\u308c\u3070\u91d1\u4fa1\u683c\u306b\u3082\u30de\u30a4\u30ca\u30b9\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u5831\u544a\u3057\u3066\u3044\u308b\u901a\u308a\u3001\u308f\u305f\u3057\u306f2015\u5e7412\u6708\u304b\u3089\u91d1\u306e\u8cb7\u3044\u4ed8\u3051\u3092\u59cb\u3081\u3066\u304a\u308a\u3001\u5e73\u5747\u3092\u53d6\u3063\u3066\u3082\u5341\u5206\u306a\u5b89\u5024\u3067\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3063\u3066\u3044\u308b\u3002\u3082\u3046\u4e00\u5ea6\u305d\u308c\u4ee5\u4e0b\u306b\u4e0b\u304c\u308b\u3053\u3068\u304c\u3042\u308c\u3070\u66f4\u306b\u8cb7\u3044\u4ed8\u3051\u308b\u305f\u3081\u306e\u8cc7\u91d1\u3082\u3042\u308b\u3002\u304b\u306a\u308a\u6709\u5229\u306a\u8ced\u3051\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u601d\u3063\u3066\u3044\u308b\u304c\u3001\u3069\u3046\u306a\u308b\u304b\u697d\u3057\u307f\u306b\u5f85\u3063\u3066\u3044\u3088\u3046\u3068\u601d\u3046\u3002\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u5b66\u8aac\u3092\u8ced\u3051\u305f\u3001\u4e2d\u592e\u9280\u884c\u5bb6\u3068\u5e02\u5834\u95a2\u4fc2\u8005\u306e\u52dd\u8ca0\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2561\">2016\u5e74\u3001\u30ea\u30b9\u30af\u30aa\u30d5\u3067\u91d1\u304c\u8cb7\u308f\u308c\u308b\u672c\u5f53\u306e\u7406\u7531: \u91d1\u4fa1\u683c\u306f2,000\u30c9\u30eb\u3092\u76ee\u6307\u3059\u3068\u306e\u63a8\u79fb\u4e88\u60f3\u306f\u6b63\u3057\u3044\u304b\uff1f<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>2016\u5e74\u3001\u7c73\u56fd\u306f\u5229\u4e0a\u3052\u3092\u884c\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3057\u3066\u3044\u308b\u304c\u3001\u98df\u54c1\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u3092\u9664\u3044\u305f\u30b3\u30a2CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306f\u4e0a\u6607\u306b\u8ee2\u3058\u3066\u304a\u308a\u3001\u3053\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u30c8\u30ec\u30f3\u30c9\u304c\u9577\u671f\u7684\u306a\u3082\u306e\u3067\u3042\u308c\u3070\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/2960\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">2016\u5e74\u7c73\u56fd\u5229\u4e0a\u3052\u4e88\u60f3\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u63a8\u79fb\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066<\/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":[64,72,77],"class_list":["post-2960","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-fed","tag-rate-hike","tag-cpi"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2960","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=2960"}],"version-history":[{"count":10,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2960\/revisions"}],"predecessor-version":[{"id":2971,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2960\/revisions\/2971"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=2960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=2960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=2960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}