{"id":3216,"date":"2016-05-13T07:49:46","date_gmt":"2016-05-12T22:49:46","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=3216"},"modified":"2016-05-13T07:49:46","modified_gmt":"2016-05-12T22:49:46","slug":"%e5%82%b5%e5%88%b8%e7%8e%8b%e3%83%93%e3%83%ab%e3%83%bb%e3%82%b0%e3%83%ad%e3%82%b9%e6%b0%8f%e3%81%ae%e4%b8%96%e7%95%8c%e7%b5%8c%e6%b8%88%e8%a6%8b%e9%80%9a%e3%81%97-%e6%88%90%e9%95%b7%e7%8e%87%e3%80%81","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/3216","title":{"rendered":"\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u306e\u4e16\u754c\u7d4c\u6e08\u898b\u901a\u3057: \u6210\u9577\u7387\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3001\u7c73\u56fd\u5229\u4e0a\u3052\u306e\u4e88\u60f3"},"content":{"rendered":"<p>\u8457\u540d\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u30d0\u30ed\u30f3\u30ba\u8a8c\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08<a 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href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1694\">\u30aa\u30d7\u30b7\u30e7\u30f3\u53d6\u5f15\u5165\u95801: \u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3001\u30b3\u30fc\u30eb\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3068\u306f\u4f55\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u30b0\u30ed\u30b9\u6c0f\u306b\u8a71\u3092\u623b\u305d\u3046\u3002\u50b5\u5238\u738b\u306f\u7c73\u56fd\u50b5\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u58f2\u308a\u3092\u63a8\u5968\u3059\u308b\u3002<\/p>\n<blockquote><p>\u4f8b\u3048\u3070\u73fe\u5728\u3001\u30a2\u30e1\u30ea\u30ab\u306e10\u5e74\u7269\u56fd\u50b5\u3092\u8cb7\u3048\u30701.9%\u306e\u91d1\u5229\u3092\u5f97\u308b\u3053\u3068\u306b\u306a\u308b\u30027\u5e74\u7269\u306e\u30c9\u30a4\u30c4\u56fd\u50b5\u306a\u3089\u3070\u30bc\u30ed\u91d1\u5229\u3060\u3002\u3057\u304b\u3057\u3001\u540c\u305810\u5e74\u7269\u306e\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u304c3\u30f6\u6708\u5f8c\u306b1.9%\u304b\u30890.2%\u4ee5\u4e0a\u5909\u5316\u3057\u306a\u3044\u3068\u60f3\u5b9a\u3057\u3066\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u58f2\u308c\u3070\u3001\u30ea\u30bf\u30fc\u30f3\u306f\u5e74\u7387\u30676%\u3068\u306a\u308b\u3002\u3053\u308c\u306f1.9%\u3088\u308a\u3082\u9ad8\u3044\u3002<\/p><\/blockquote>\n<p>\u50b5\u5238\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u58f2\u308b\u5834\u5408\u3001\u91d1\u5229\u304c\u4e00\u5b9a\u306e\u6c34\u6e96\u3088\u308a\u3082\u4e0a\u304c\u3089\u306a\u3051\u308c\u3070\uff08\u3042\u308b\u3044\u306f\u4e0b\u304c\u3089\u306a\u3051\u308c\u3070\uff09\u5229\u76ca\u304c\u51fa\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u58f2\u308a\u306f\u5909\u52d5\u3057\u306a\u3044\u3053\u3068\u306b\u8ced\u3051\u308b\u30c8\u30ec\u30fc\u30c9\u3067\u3042\u308b\u3002\u30b0\u30ed\u30b9\u6c0f\u306f\u3053\u3046\u7d9a\u3051\u308b\u3002<\/p>\n<blockquote><p>\u3053\u306e\u53d6\u5f15\u306e\u30ea\u30b9\u30af\u306f\u3001\u91d1\u5229\u306f3\u30f6\u6708\u306e\u9593\u306b0.2%\u4ee5\u4e0a\u5909\u52d5\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u3057\u304b\u3057\u308f\u305f\u3057\u306e\u60f3\u5b9a\u3067\u306f\u3001\u4e2d\u9280\u306f\u3042\u3089\u3086\u308b\u624b\u6bb5\u3092\u4f7f\u3063\u3066\u91d1\u5229\u306e\u6025\u6fc0\u306a\u5909\u52d5\u3092\u6291\u3048\u3053\u3082\u3046\u3068\u3059\u308b\u3060\u308d\u3046\u3002\u3053\u306e\u3088\u3046\u306a\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u58f2\u308a\u306e\u53d6\u5f15\u306f\u3001\u308f\u305f\u3057\u306e\u30d5\u30a1\u30f3\u30c9\u306e\u30ea\u30bf\u30fc\u30f3\u306e\u5927\u534a\u3092\u5360\u3081\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u4f4e\u91d1\u5229\u3001\u4f4e\u6210\u9577\u306e\u76f8\u5834\u3067\u306f\u3001\u6b63\u653b\u6cd5\u3067\u91d1\u5229\u3084\u5024\u4e0a\u304c\u308a\u3092\u72d9\u3046\u3088\u308a\u3082\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u58f2\u3063\u305f\u65b9\u304c\u5229\u76ca\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002\u308f\u305f\u3057\u3082\u7c73\u56fd\u682a\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u58f2\u3063\u3066\u5229\u76ca\u3092\u5f97\u305f\u3053\u3068\u306f\u3001\u5148\u65e5\u5831\u544a\u3057\u305f\u901a\u308a\u3067\u3042\u308b\u3002\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u58f2\u308a\u65b9\u306b\u8208\u5473\u306e\u3042\u308b\u8aad\u8005\u306f\u305d\u3061\u3089\u3082\u53c2\u8003\u306b\u3057\u3066\u307b\u3057\u3044\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/3034\">\u682a\u5f0f\u5e02\u5834\u306e\u5168\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6c7a\u6e08\u3057\u5229\u76ca\u78ba\u5b9a\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e02\u5834\u306b\u6ce8\u529b<\/a><\/li>\n<\/ul>\n<p><strong>\u4e16\u754c\u7d4c\u6e08\u306f\u3069\u3046\u306a\u308b\u304b\uff1f<\/strong><\/p>\n<p>\u6b21\u306f\u30b0\u30ed\u30b9\u6c0f\u306e\u4e88\u60f3\u3059\u308b\u4e16\u754c\u7d4c\u6e08\u306e\u5c55\u671b\u3067\u3042\u308b\u3002\u4e16\u754c\u7d4c\u6e08\u306f\u3069\u3046\u306a\u308b\u304b\uff1f\u3000\u591a\u304f\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u60b2\u89b3\u7684\u306a\u898b\u65b9\u3092\u8868\u660e\u3057\u3066\u3044\u308b\u304c\u3001\u3044\u307e\u3084\u554f\u984c\u306f\u6e1b\u901f\u3059\u308b\u304b\u3069\u3046\u304b\u3067\u306f\u306a\u304f\u3001\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u3067\u3042\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u5229\u4e0a\u3052\u3092\u59cb\u3081\u305f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u3001\u65e2\u306b\u6e1b\u901f\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/3143\">2016\u5e74\u7b2c1\u56db\u534a\u671f\u7c73\u56fdGDP\u5185\u8a33: \u7de9\u3084\u304b\u306a\u6e1b\u901f\u7d99\u7d9a\u3001\u30c9\u30eb\u5b89\u3092\u80af\u5b9a<\/a><\/li>\n<\/ul>\n<p>\u3067\u306f\u6e1b\u901f\u306e\u901f\u5ea6\u306f\u3069\u3046\u306a\u308b\u306e\u304b\uff1f\u3000\u30b0\u30ed\u30b9\u6c0f\u306f\u4e16\u754c\u7d4c\u6e08\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3\u3059\u308b\u3002<\/p>\n<blockquote><p>\u308f\u305f\u3057\u304c\u60f3\u5b9a\u3057\u3066\u3044\u308b\u306e\u306f\u666f\u6c17\u5f8c\u9000\u3067\u306f\u306a\u304f\u7de9\u6162\u306a\u6210\u9577\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f3%\u306e\u7d4c\u6e08\u6210\u9577\u306f2%\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u30e6\u30fc\u30ed\u570f\u3067\u306f2%\u304c1%\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u65e5\u672c\u3067\u306f\u30bc\u30ed\u4ee5\u4e0a\u3067\u3042\u308c\u3070\u4f55\u3067\u3082\u6b53\u8fce\u3068\u3044\u3063\u305f\u3068\u3053\u308d\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u65e5\u672c\u3078\u306e\u610f\u898b\u304c\u624b\u53b3\u3057\u3044\u304c\u3001\u73fe\u5b9f\u3060\u308d\u3046\u3002\u65e5\u672c\u306e\u4f4e\u30a4\u30f3\u30d5\u30ec\u3001\u4f4e\u6210\u9577\uff08\u3064\u307e\u308a\u306f\u9700\u8981\u6e1b\uff09\u306f\u9577\u671f\u91d1\u5229\u306b\u3082\u53cd\u6620\u3055\u308c\u3066\u304a\u308a\u3001\u57f7\u7b46\u6642\u70b9\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u304c1.75%\u3001\u30c9\u30a4\u30c4\u304c0.15%\u3001\u65e5\u672c\u304c-0.11%\u3067\u3042\u308b\u3002\u65e5\u672c\u306e\u9577\u671f\u91d1\u5229\u304c\u76f8\u5bfe\u7684\u306b\u4f4e\u3044\u306e\u306f\u9577\u5e74\u306e\u3053\u3068\u3067\u3042\u308a\u3001\u91cf\u7684\u7de9\u548c\u3060\u3051\u304c\u7406\u7531\u3067\u306f\u306a\u3044\u3002\u3057\u304b\u3057\u91cd\u8981\u306a\u306e\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3082\u30c9\u30a4\u30c4\u3082\u65e5\u672c\u5316\u3057\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u91d1\u5229\u6b63\u5e38\u5316\u3078\u306e\u9053\u306f\u9060\u304f<\/strong><\/p>\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u3067\u3042\u308bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u30012015\u5e7412\u6708\u306b\u5229\u4e0a\u3052\u3092\u958b\u59cb\u3057\u305f\u3002\u958b\u59cb\u3057\u305f\u3070\u304b\u308a\u3067\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3089\u306e\u9593\u3067\u306f\u3001\u65e2\u306b\u5229\u4e0b\u3052\u3078\u306e\u9006\u623b\u308a\u304c\u5642\u3055\u308c\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<\/ul>\n<p>\u308f\u305f\u3057\u3082\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u6e1b\u901f\u3092\u53bb\u5e74\u304b\u3089\u4e88\u60f3\u3057\u3066\u304d\u305f\u3002\u4ee5\u4e0b\u306f2015\u5e7412\u6708\u306e\u8a18\u4e8b\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2165\">2016\u5e74\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3059\u308b: \u5229\u4e0a\u3052\u3068\u30c9\u30eb\u9ad8\u306e\u5f71\u97ff\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306e\u63a8\u79fb\u3001\u8cc3\u91d1\u306e\u4e0a\u6607<\/a><\/li>\n<\/ul>\n<p>\u4f55\u6545\u305d\u308c\u307b\u3069\u306b\u91d1\u5229\u6b63\u5e38\u5316\u306f\u9060\u3044\u306e\u304b\uff1f\u3000\u30b0\u30ed\u30b9\u6c0f\u306f\u69cb\u9020\u7684\u306a\u7d4c\u6e08\u306e\u6e1b\u901f\u8981\u56e0\u3092\u8aac\u660e\u3059\u308b\u3002<\/p>\n<blockquote><p>\u4eba\u53e3\u52d5\u614b\u306f\u4e16\u754c\u7d4c\u6e08\u306e\u6210\u9577\u306b\u3068\u3063\u3066\u69cb\u9020\u7684\u306a\u554f\u984c\u3067\u3042\u308b\u3002\u5148\u9032\u56fd\u306f\u8001\u3044\u3066\u304d\u3066\u3044\u308b\u3002\u65e5\u672c\u306f\u3082\u3063\u3068\u3082\u826f\u3044\u4f8b\u3060\u308d\u3046\u3002\u30a4\u30bf\u30ea\u30a2\u3082\u305d\u3046\u3060\u3002\u30c9\u30a4\u30c4\u3082\u540c\u69d8\u306b\u9ad8\u9f62\u5316\u306e\u9032\u3093\u3060\u793e\u4f1a\u3067\u3042\u308b\u3002\u30d9\u30d3\u30fc\u30d6\u30fc\u30e0\u4e16\u4ee3\u304c\u6b73\u3092\u53d6\u308b\u306b\u3064\u308c\u3066\u3001\u5f7c\u3089\u306e\u6d88\u8cbb\u306f\u6e1b\u3063\u3066\u3086\u304f\u3002\u3057\u304b\u3057\u8cc7\u672c\u4e3b\u7fa9\u306f\u4eba\u53e3\u304c\u6c38\u9060\u306b\u5897\u52a0\u3057\u3066\u3086\u304f\u3053\u3068\u3092\u524d\u63d0\u3068\u3057\u3066\u3057\u307e\u3063\u3066\u3044\u308b\u3002\u8cc7\u672c\u4e3b\u7fa9\u306b\u306f\u9867\u5ba2\u304c\u5fc5\u8981\u306a\u306e\u3060\u3002<\/p><\/blockquote>\n<p>\u307e\u305f\u3001\u4f4e\u91d1\u5229\u304c\u7d9a\u304f\u7406\u7531\u3068\u3057\u3066\u3001\u30b0\u30ed\u30b9\u6c0f\u306f\u91d1\u878d\u7de9\u548c\u306e\u3082\u3046\u4e00\u3064\u306e\u76ee\u7684\u306b\u8a00\u53ca\u3059\u308b\u3002<\/p>\n<blockquote><p>\u653f\u5e9c\u304c\u671b\u307f\u3001\u4e2d\u592e\u9280\u884c\u304c\u6210\u3057\u9042\u3052\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u7de9\u3084\u304b\u306a\u7d4c\u6e08\u6210\u9577\u306e\u307b\u304b\u306b\u3001\u5fc5\u8981\u4ee5\u4e0a\u306e\u30a4\u30f3\u30d5\u30ec\u3060\u3002\u30a4\u30f3\u30d5\u30ec\u306f\u7a4d\u307f\u4e0a\u304c\u3063\u305f\u653f\u5e9c\u50b5\u52d9\u304b\u3089\u8131\u51fa\u3059\u308b\u624b\u6bb5\u306a\u306e\u3060\u3002\u3057\u304b\u3057\u3053\u308c\u306f\u52b9\u3044\u3066\u3044\u306a\u3044\u3002\u30bc\u30ed\u91d1\u5229\u4e0b\u3067\u306f\u4f01\u696d\u3084\u9810\u91d1\u8005\u306f\u30ea\u30b9\u30af\u3092\u53d6\u308b\u3053\u3068\u3092\u99ac\u9e7f\u3089\u3057\u3044\u3068\u601d\u3063\u3066\u3057\u307e\u3046\u3002\u523a\u6fc0\u306f\u52b9\u304b\u305a\u3001\u7d4c\u6e08\u306f\u840e\u7e2e\u3059\u308b\u3002<\/p><\/blockquote>\n<p>\u8981\u3059\u308b\u306b\u3001\u91cf\u7684\u7de9\u548c\u306f\u8ca1\u653f\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u56fd\u50b5\u306e\u91d1\u5229\u3092\u4e0b\u3052\u308b\u306e\u3082\u3001\u4e2d\u592e\u9280\u884c\u306b\u56fd\u50b5\u3092\u6301\u305f\u305b\u308b\u306e\u3082\u3001\u653f\u5e9c\u306e\u50b5\u52d9\u8ca0\u62c5\u3092\u8efd\u6e1b\u3059\u308b\u305f\u3081\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2842\">\u5b89\u500d\u9996\u76f8\u3001\u30af\u30eb\u30fc\u30b0\u30de\u30f3\u6559\u6388\u3068\u306e\u5bfe\u8a71\u3067\u65e5\u9280\u306e\u8ca1\u653f\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3092\u8a8d\u3081\u308b<\/a><\/li>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2668\">\u5143\u30a4\u30ae\u30ea\u30b9\u91d1\u878d\u5e81\u9577\u5b98: \u65e5\u9280\u306f\u8ca1\u653f\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3092\u7d9a\u3051\u308b\u3079\u304d\u3001\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306a\u3069\u53e4\u5178\u7684\u5984\u60f3<\/a><\/li>\n<\/ul>\n<p>\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u653f\u5e9c\u306e\u50b5\u52d9\u8ca0\u62c5\u304c\u5897\u52a0\u3059\u308c\u3070\u3001\u666f\u6c17\u523a\u6fc0\u304c\u96e3\u3057\u304f\u306a\u308a\u3001\u7d4c\u6e08\u306f\u840e\u7e2e\u3059\u308b\u3002\u3057\u304b\u3057\u30b0\u30ed\u30b9\u6c0f\u306b\u3088\u308c\u3070\u3001\u4f4e\u91d1\u5229\u3082\u7d4c\u6e08\u3092\u840e\u7e2e\u3055\u305b\u308b\u539f\u56e0\u3060\u3068\u3044\u3046\u3002\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8a73\u3057\u304f\u53d6\u308a\u4e0a\u3052\u3066\u304a\u3044\u305f\u3002\u540c\u3058\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u306e\u5225\u306e\u7b87\u6240\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/3212\">\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u306e\u60aa\u5f71\u97ff\u3092\u6279\u5224\u3059\u308b<\/a><\/li>\n<\/ul>\n<p><strong>\u7c73\u56fd\u5229\u4e0a\u3052\u898b\u901a\u3057<\/strong><\/p>\n<p>\u7c73\u56fd\u5229\u4e0a\u3052\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u30b0\u30ed\u30b9\u6c0f\u306f\u3053\u3046\u7d9a\u3051\u308b\u3002<\/p>\n<blockquote><p>\u30bc\u30ed\u91d1\u5229\u304b\u3089\u306e\u51fa\u53e3\u3067\u306f\u3001\u6bd4\u8f03\u7684\u9577\u671f\u7684\u306b\u898b\u3066\u5c11\u3057\u306e\u75db\u307f\u3092\u4f34\u3046\u3060\u308d\u3046\u3002\u81ea\u5206\u305f\u3061\u306e\u5a01\u4fe1\u3092\u6c17\u306b\u3057\u3066\u3044\u308b\u653f\u6cbb\u5bb6\u3084\u4e2d\u592e\u9280\u884c\u306b\u3068\u3063\u3066\u306f\u305d\u308c\u304c\u554f\u984c\u306a\u306e\u3060\u3002\u3060\u304c\u91d1\u5229\u6b63\u5e38\u5316\u306f\u9810\u91d1\u304c\u6a5f\u80fd\u3057\u59cb\u3081\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002Fed\u306f\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u3092\u6b63\u5e38\u5316\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u304c\u3001\u5229\u4e0a\u3052\u304c\u901f\u3059\u304e\u3066\u306f\u3044\u3051\u306a\u3044\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u3044\u308b\u30022015\u5e7412\u6708\u306e\u5229\u4e0a\u3052\u306f\u30c9\u30eb\u9ad8\u3068\u65b0\u8208\u56fd\u5e02\u5834\u306e\u6df7\u4e71\u3092\u62db\u3044\u305f\u3002<\/p><\/blockquote>\n<p>\u5229\u4e0a\u3052\u304c\u653f\u6cbb\u7684\u306b\u96e3\u3057\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u4e00\u3064\u306e\u91cd\u8981\u306a\u89b3\u70b9\u3067\u3042\u308b\u3002\u5229\u4e0b\u3052\u3092\u3059\u308b\u306e\u306f\u7c21\u5358\u3060\u304c\u3001\u75db\u307f\u3092\u4f34\u3046\u653f\u7b56\u306f\u653f\u6cbb\u7684\u306b\u56f0\u96e3\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u305d\u308c\u3067\u3082\u30b0\u30ed\u30b9\u6c0f\u306f\u5229\u4e0a\u3052\u306f\u884c\u308f\u308c\u308b\u3068\u3044\u3046\u3002<\/p>\n<blockquote><p>\u682a\u5f0f\u5e02\u5834\u304c\u8a31\u3059\u9650\u308a\u3001Fed\u306f\u5229\u4e0a\u3052\u3092\u884c\u3046\u3060\u308d\u3046\u3002Fed\u304c2\u5e74\u304b\u30894\u5e74\u306e\u3046\u3061\u306b\u91d1\u5229\u3092\u6b63\u5e38\u5316\u3057\u306a\u3051\u308c\u3070\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3082\u4e16\u754c\u7d4c\u6e08\u3082\u6a5f\u80fd\u3057\u306a\u3044\u3002\u4eca\u65e5\u3067\u306f\u3001\u6b63\u5e38\u306a\u91d1\u5229\u3068\u306f2%\u306e\u653f\u7b56\u91d1\u5229\u30683.5%\u306e\u9577\u671f\u91d1\u5229\u30014.5%\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u306e\u3053\u3068\u3060\u3002\u305d\u3046\u306a\u308c\u3070\u7d4c\u6e08\u3078\u306e\u75db\u307f\u3092\u4f34\u3046\u3060\u308d\u3046\u304b\uff1f\u3000\u5f53\u7136\u305d\u3046\u306a\u308b\u3002\u4f4f\u5b85\u4fa1\u683c\u306f\u4e0a\u6607\u3092\u6b62\u3081\u3001\u3082\u3057\u304b\u3059\u308b\u3068\u4e0b\u843d\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002Fed\u306f\u3086\u3063\u304f\u308a\u3068\u52d5\u304f\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p><\/blockquote>\n<p>\u5229\u4e0a\u3052\u306f\u7de9\u3084\u304b\u306a\u901f\u5ea6\u3067\u884c\u3046\u3079\u304d\u3060\u3068\u3044\u3046\u306e\u306f\u3001\u5e02\u5834\u95a2\u4fc2\u8005\u306e\u5171\u901a\u898b\u89e3\u3067\u3042\u308b\u3088\u3046\u306b\u601d\u3046\u3002\u3057\u304b\u3057\u9762\u767d\u3044\u306e\u306f\u3001\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u304c\u771f\u9006\u306e\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u5f7c\u306fFed\u306e\u5229\u4e0a\u3052\u304c\u9045\u3059\u304e\u305f\u305f\u3081\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u5229\u4e0a\u3052\u306e\u6a5f\u4f1a\u3092\u5931\u3063\u305f\u3068\u4e3b\u5f35\u3057\u3066\u3044\u305f\u3002\u4ee5\u4e0b\u306f\u4ee5\u524d\u53d6\u308a\u4e0a\u3052\u305f\u30bd\u30ed\u30b9\u6c0f\u306e\u767a\u8a00\u3067\u3042\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: 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href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2219\">\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u3092\u5d29\u58ca\u3055\u305b\u308b\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30ea\u30d0\u30e9\u30f3\u30b9\u306e\u9006\u6d41<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u4e2d\u592e\u9280\u884c\u306f\u305d\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u51fa\u6765\u308b\u3060\u3051\u56de\u907f\uff08\u3042\u308b\u3044\u306f\u5ef6\u671f\uff09\u3057\u3088\u3046\u3068\u3059\u308b\u3060\u308d\u3046\u3002\u3060\u304b\u3089\u5229\u4e0a\u3052\u306f\u5931\u6557\u3057\u3001\u91cf\u7684\u7de9\u548c\u306b\u9006\u623b\u308a\u3059\u308b\u306e\u3067\u3042\u308b\u3002\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306a\u3069\u306f\u3082\u3063\u3068\u904e\u6fc0\u306a\u30b7\u30ca\u30ea\u30aa\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/3166\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f: 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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: 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