{"id":33062,"date":"2023-01-26T20:02:00","date_gmt":"2023-01-26T11:02:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=33062"},"modified":"2023-01-26T17:29:10","modified_gmt":"2023-01-26T08:29:10","slug":"%e5%82%b5%e5%88%b8%e7%8e%8b%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f%e3%81%8c%e5%a5%a8%e3%82%81%e3%82%8b2023%e5%b9%b4%e3%81%ae%e5%82%b5%e5%88%b8%e6%8a%95%e8%b3%87%e6%88%a6","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33062","title":{"rendered":"\u50b5\u5238\u738b\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u5968\u3081\u308b2023\u5e74\u306e\u50b5\u5238\u6295\u8cc7\u6226\u7565"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cUBS\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672023\u5e74\u306e\u50b5\u5238\u6295\u8cc7\u6226\u7565\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>2023\u5e74\u306f\u50b5\u5238\u6295\u8cc7\u306e\u5e74<\/strong><\/p>\n\n\n\n<p>2023\u5e74\u306f\u50b5\u5238\u6295\u8cc7\u306e\u5e74\u3067\u3042\u308b\u30022022\u5e74\u306eFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u5229\u4e0a\u3052\u306b\u3088\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u9ad8\u3044\u6c34\u6e96\u306b\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306fFed\u306e\u5f15\u304d\u7de0\u3081\u304c\u884c\u304d\u904e\u304e\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u304a\u308a\u30012023\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306fFed\u306a\u3069\u306e\u60f3\u5b9a\u3088\u308a\u3082\u51b7\u3048\u8fbc\u3080\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32970\" data-type=\"post\" data-id=\"32970\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u666f\u6c17\u5f8c\u9000\u5165\u308a\u306f\u4fdd\u8a3c\u3055\u308c\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\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\">\n<p>Fed\u304c\u9ad8\u91d1\u5229\u3092\u9577\u304f\u7dad\u6301\u3057\u904e\u304e\u308b\u306a\u3089\u3070\u3001\u7d4c\u6e08\u304c\u5f31\u307e\u308a\u300130\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f4%\u8fd1\u8fba\u304b\u30892.5%\u307e\u3067\u4e0b\u304c\u308b\u3053\u3068\u3082\u5b8c\u5168\u306b\u6709\u308a\u5f97\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7d50\u679c\u3001\u65e2\u306b\u50b5\u5238\u5e02\u5834\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b\u901a\u308a\u3001Fed\u306f\u5229\u4e0a\u3052\u304b\u3089\u5229\u4e0b\u3052\u306b\u8ee2\u63db\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u50b5\u5238\u5e02\u5834\u5168\u4f53\u306e\u91d1\u5229\u3082\u4e0b\u304c\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32780\" data-type=\"post\" data-id=\"32780\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u7269\u56fd\u50b5\u91d1\u5229\u306e\u8b66\u544a\u901a\u308a\u5229\u4e0b\u3052\u3059\u308b\u3001\u4e2d\u592e\u9280\u884c\u306f\u307e\u3063\u305f\u304f\u4e0d\u8981<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u50b5\u5238\u306e\u91d1\u5229\u4f4e\u4e0b\u306f\u4fa1\u683c\u4e0a\u6607\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u50b5\u5238\u6295\u8cc7\u5bb6\u306b\u306f\u9ad8\u91d1\u5229\u3068\u4fa1\u683c\u4e0a\u6607\u306e\u4e21\u65b9\u3092\u4eab\u53d7\u3059\u308b\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u597d\u3080\u50b5\u5238<\/strong><\/p>\n\n\n\n<p>\u3057\u304b\u3057\u50b5\u5238\u3068\u8a00\u3063\u3066\u3082\u8272\u3005\u3042\u308b\u3002\u56fd\u3084\u4f01\u696d\u306e\u50b5\u52d9\u3082\u3042\u308c\u3070\u500b\u4eba\u306e\u50b5\u52d9\u3082\u3042\u308a\u3001\u8a3c\u5238\u5316\u3055\u308c\u3066\u3044\u308c\u3070\u4f55\u3067\u3082\u8cb7\u3046\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u4eca\u8cb7\u3063\u3066\u3044\u308b\u50b5\u5238\u306b\u3064\u3044\u3066\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\">\n<p>\u5546\u7528\u4e0d\u52d5\u7523\u30ed\u30fc\u30f3\u3001\u6d88\u8cbb\u8005\u30ed\u30fc\u30f3\u306a\u3069\u3092\u8cb7\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u50b5\u5238\u306f\u91d1\u5229\u4e0a\u6607\u306e\u305f\u3081\u306b\u4fa1\u683c\u304c\u5927\u304d\u304f\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u56fd\u50b5\u3088\u308a\u3082\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u50b5\u52d9\u3092\u8cb7\u3044\u306b\u884c\u3063\u3066\u3044\u308b\u3088\u3046\u3060\u3002\u307e\u305f\u3001\u671f\u9593\u306b\u3064\u3044\u3066\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\">\n<p>3\u5e74\u304b\u30895\u5e74\u307b\u3069\u306e\u671f\u9593\u306e\u50b5\u5238\u3092\u597d\u3093\u3067\u3044\u308b\u3002\u305d\u3057\u3066\u305d\u308c\u3088\u308a\u3082\u9577\u3044\u671f\u9593\u306e\u56fd\u50b5\u3092\u540c\u6642\u306b\u8cb7\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f55\u65453\u5e74\u304b\u30895\u5e74\u306e\u671f\u9593\u306b\u3053\u3060\u308f\u308b\u306e\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u6bd4\u8f03\u7684\u77ed\u671f\u306e\u50b5\u5238\u306f\u9577\u3089\u304f\u306a\u304b\u3063\u305f\u307b\u3069\u30af\u30ec\u30b8\u30c3\u30c8\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u62e1\u5927\u3057\u3066\u304a\u308a\u3001\u3057\u304b\u3082\u305d\u308c\u306f\u8fd1\u5e74\u306e\u6b74\u53f2\u7684\u6c34\u6e96\u304b\u3089\u8003\u3048\u3066\u5341\u5206\u9ad8\u3044\u56fd\u50b5\u306e\u91d1\u5229\u306e\u4e0a\u306b\u6210\u308a\u7acb\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30af\u30ec\u30b8\u30c3\u30c8\u30b9\u30d7\u30ec\u30c3\u30c9\u3068\u306f\u3001\u50b5\u5238\u306e\u91d1\u5229\u306e\u5185\u3001\u4e00\u822c\u306b\u7121\u30ea\u30b9\u30af\u3068\u8003\u3048\u3089\u308c\u308b\u56fd\u50b5\u306a\u3069\u306e\u91d1\u5229\u3088\u308a\u3082\u9ad8\u304f\u306a\u3063\u3066\u3044\u308b\u90e8\u5206\u306e\u3053\u3068\u3067\u3042\u308b\u3002\u50b5\u5238\u306e\u91d1\u5229\u306f\u4ee5\u4e0b\u306e\u5f0f\u3067\u8868\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u50b5\u5238\u306e\u91d1\u5229 = \u7121\u30ea\u30b9\u30af\u91d1\u5229 + \u30af\u30ec\u30b8\u30c3\u30c8\u30b9\u30d7\u30ec\u30c3\u30c9<\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30012022\u5e74\u306e\u5229\u4e0a\u3052\u306b\u3088\u3063\u3066\u7121\u30ea\u30b9\u30af\u91d1\u5229\u304c\u305d\u3082\u305d\u3082\u9ad8\u3044\u4e0a\u306b\u30af\u30ec\u30b8\u30c3\u30c8\u30b9\u30d7\u30ec\u30c3\u30c9\u3082\u9ad8\u304f\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u66f4\u306b\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6bd4\u8f03\u7684\u671f\u9593\u306e\u77ed\u3044\u50b5\u5238\u3092\u8cb7\u3046\u3053\u3068\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u6bd4\u8f03\u7684\u65e9\u304f\u304a\u91d1\u304c\u8fd4\u3063\u3066\u304f\u308b\u3053\u3068\u3067\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u306e\u30ea\u30b9\u30af\u3092\u6e1b\u3089\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u56fd\u50b5\u3088\u308a\u3082\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u77ed\u671f\u50b5\u3092\u8cb7\u3046\u3053\u3068\u3067\u3001\u51fa\u6765\u308b\u9650\u308a\u30ea\u30b9\u30af\u3092\u6e1b\u3089\u3057\u3066\u9ad8\u91d1\u5229\u3092\u53d6\u308a\u306b\u884c\u3053\u3046\u3068\u3044\u3046\u8003\u3048\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u50b5\u5238\u306e\u30ea\u30b9\u30af<\/strong><\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u7b46\u8005\u306f2\u5e74\u7269\u56fd\u50b5\u3092\u8cb7\u3063\u3066\u3044\u308b\u3002\u56fd\u50b5\u3068\u3044\u3046\u70b9\u3067\u8a00\u3063\u3066\u3082\u3001\u77ed\u671f\u50b5\u3068\u3044\u3046\u70b9\u3067\u8a00\u3063\u3066\u3082\u3001\u50b5\u5238\u306e\u4e2d\u3067\u306f\u4e00\u756a\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30b9\u30af\u306e\u4f4e\u3044\u3082\u306e\u3067\u3042\u308b\u3002\u305d\u308c\u81ea\u4f53\u3067\u306f\u4fa1\u683c\u304c\u307b\u3068\u3093\u3069\u52d5\u304b\u306a\u3044\u306e\u3067\u5f53\u7136\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u639b\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31913\" data-type=\"post\" data-id=\"31913\">\u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u4ee5\u5185\u306b\u5229\u4e0b\u3052\u3059\u308b\u30012\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u958b\u59cb<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u666f\u6c17\u5f8c\u9000\u3092\u4e88\u60f3\u3057\u306a\u304c\u3089\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u30ea\u30b9\u30af\u306e\u3042\u308b\u50b5\u5238\u3092\u8cb7\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32970\" data-type=\"post\" data-id=\"32970\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u666f\u6c17\u5f8c\u9000\u5165\u308a\u306f\u4fdd\u8a3c\u3055\u308c\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4f55\u6545\u306a\u306e\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u8a3c\u5238\u5316\u3055\u308c\u305f\u6d88\u8cbb\u8005\u30ed\u30fc\u30f3\u306f\u4eca\u3084\u304b\u306a\u308a\u5de8\u5927\u306a\u5e02\u5834\u306b\u306a\u3063\u305f\u304c\u3001\u308f\u305f\u3057\u306e\u610f\u898b\u3067\u306f\u793e\u50b5\u3088\u308a\u3082\u30ea\u30b9\u30af\u304c\u304b\u306a\u308a\u4f4e\u304f\u3001\u91d1\u5229\u306f\u3088\u308a\u9ad8\u3044\u3002<\/p>\n\n\n\n<p>\u4f4f\u5b85\u30ed\u30fc\u30f3\u50b5\u5238\u306f2008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u3067\u306f\u60b2\u60e8\u306a\u72b6\u6cc1\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4f4f\u5b85\u30ed\u30fc\u30f3\u306f\u4eca\u3084\u50b5\u5238\u5e02\u5834\u5168\u4f53\u306e\u4e2d\u3067\u4e00\u756a\u5b89\u5168\u306a\u9818\u57df\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f4f\u5b85\u4fa1\u683c\u306f\u30a2\u30e1\u30ea\u30ab\u30673\u56de\u884c\u308f\u308c\u305f\u5927\u898f\u6a21\u306a\u73fe\u91d1\u7d66\u4ed8\u304c\u4e0d\u52d5\u7523\u5e02\u5834\u306b\u6d41\u308c\u8fbc\u3093\u3067\u4ee5\u6765\u30d0\u30d6\u30eb\u306b\u306a\u308a\u3001\u305d\u306e\u5f8cFed\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u4fa1\u683c\u306e\u4e0b\u843d\u304c\u59cb\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32358\" data-type=\"post\" data-id=\"32358\">10\u6708\u306e\u7c73\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0a\u6607\u7387\u306f9.2%\u30674\u6708\u304b\u30897\u30f6\u6708\u9023\u7d9a\u306e\u6e1b\u901f\u3000\u30a4\u30f3\u30d5\u30ec\u7387\u4f4e\u4e0b\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4f4f\u5b85\u5e02\u5834\u306b\u304a\u3051\u308b\u4fa1\u683c\u306e\u4e0b\u843d\u306f\u5f53\u5206\u7d9a\u304f\u3060\u308d\u3046\u3002\u305d\u306e\u3088\u3046\u306a\u72b6\u6cc1\u306e\u4e2d\u3067\u4f4f\u5b85\u30ed\u30fc\u30f3\u50b5\u5238\u304c\u5b89\u5168\u3060\u3068\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u304b\uff1f\u3000\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4f55\u6545\u306a\u3089\u3070\u3001\u4f4f\u5b85\u4fa1\u683c\u306f\u3053\u306e3\u5e74\u306740%\u4e0a\u304c\u3063\u305f\u304b\u3089\u3060\u3002\u4f4f\u5b85\u4fa1\u683c\u306f\u4e0b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3057\u3001\u5b9f\u969b\u305d\u3046\u306a\u308b\u3060\u308d\u3046\u304c\u30012\u5e74\u524d\u306b\u30ed\u30fc\u30f3\u3092\u7d44\u3093\u3067\u5bb6\u3092\u8cb7\u3063\u305f\u8cb7\u3044\u624b\u306b\u306f\u307e\u3060\u307e\u3060\u5927\u304d\u306a\u4f59\u88d5\u304c\u3042\u308a\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u3059\u308b\u3053\u3068\u306f\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u8cc7\u91d1\u306e\u501f\u308a\u624b\u306e\u72b6\u6cc1\u3092\u3057\u3063\u304b\u308a\u3068\u8003\u3048\u306a\u304c\u3089\u9298\u67c4\u9078\u629e\u3092\u3059\u308b\u8fba\u308a\u304c\u50b5\u5238\u306e\u5c02\u9580\u5bb6\u3068\u3057\u3066\u306e\u672c\u9818\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u308c\u3089\u306e\u50b5\u5238\u3092\u9ad8\u304f\u8a55\u4fa1\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3001\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\">\n<p>\u30ea\u30b9\u30af\u306f\u56fd\u50b5\u3068\u307b\u3068\u3093\u3069\u540c\u3058\u304b\u3001\u5c11\u3057\u9ad8\u3044\u304f\u3089\u3044\u306a\u306e\u306b\u3001\u3053\u308c\u3089\u306e\u50b5\u5238\u306e\u91d1\u5229\u306f8%\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u307e\u305f\u3001\u9577\u671f\u56fd\u50b5\u306e\u8cb7\u3044\u3068\u7d44\u307f\u5408\u308f\u305b\u3066\u3044\u308b\u7406\u7531\u306f\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u304c\u5897\u3048\u308b\u3088\u3046\u306a\u904e\u9177\u306a\u666f\u6c17\u5f8c\u9000\u306b\u306a\u3063\u305f\u3068\u3057\u3066\u3082\u9577\u671f\u56fd\u50b5\u306e\u5024\u4e0a\u304c\u308a\u304c\u7a3c\u3044\u3067\u304f\u308c\u308b\u304b\u3089\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u30012023\u5e74\u306f\u50b5\u5238\u6295\u8cc7\u306e\u5e74\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u66f8\u3044\u305f\u304c\u3001CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306e\u72b6\u6cc1\u3092\u8003\u3048\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u5c11\u306a\u304f\u3068\u3082\u4eca\u5e74\u306e\u534a\u3070\u307e\u3067\u306f\u3053\u306e\u307e\u307e\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32747\" data-type=\"post\" data-id=\"32747\">\u30a2\u30e1\u30ea\u30ab\u306e12\u6708\u30a4\u30f3\u30d5\u30ec\u7387\u306f6.4%\u306b\u6e1b\u901f\u3001\u30c9\u30eb\u5b89\u7d99\u7d9a\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3088\u3063\u3066\u91d1\u5229\u3082\u4e0b\u304c\u308a\u7d9a\u3051\u3001\u50b5\u5238\u306e\u4fa1\u683c\u306f\u4e0a\u304c\u308b\u3002\u305d\u308c\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3084\u7b46\u8005\u3001\u305d\u3057\u3066\u53bb\u5e74\u4ea1\u304f\u306a\u3063\u305f\u3082\u30461\u4eba\u306e\u50b5\u5238\u6295\u8cc7\u5bb6\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306e\u4e88\u60f3\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32205\" data-type=\"post\" data-id=\"32205\">\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f\u3042\u3068\u534a\u5e74\u3067\u5229\u4e0b\u3052\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32161\" data-type=\"post\" data-id=\"32161\">\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306e\u30c7\u30d5\u30ec\u4e88\u60f3: 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data-id=\"31913\">\u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u4ee5\u5185\u306b\u5229\u4e0b\u3052\u3059\u308b\u30012\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u958b\u59cb<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cUBS\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672023\u5e74\u306e\u50b5\u5238\u6295\u8cc7\u6226\u7565\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/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":[131],"class_list":["post-33062","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33062","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=33062"}],"version-history":[{"count":23,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33062\/revisions"}],"predecessor-version":[{"id":33085,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33062\/revisions\/33085"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=33062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=33062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=33062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}