{"id":35774,"date":"2023-04-15T20:02:00","date_gmt":"2023-04-15T11:02:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=35774"},"modified":"2023-04-15T19:30:05","modified_gmt":"2023-04-15T10:30:05","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e5%82%b5%e5%88%b8%e5%b8%82%e5%a0%b4%e3%81%ae%e6%99%af%e6%b0%97%e5%be%8c%e9%80%80%e4%ba%88%e6%83%b3%e3%81%af%e6%a0%aa%e4%be%a1%e3%81%ab%e7%b9%94%e3%82%8a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35774","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u50b5\u5238\u5e02\u5834\u306e\u666f\u6c17\u5f8c\u9000\u4e88\u60f3\u306f\u682a\u4fa1\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u306a\u3044"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u3068\u666f\u6c17\u52d5\u5411\u306b\u3064\u3044\u3066Bloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u8feb\u308a\u304f\u308b\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3<\/strong><\/p>\n\n\n\n<p>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306a\u3069\u306e\u9280\u884c\u5371\u6a5f\u304c\u660e\u3089\u304b\u306b\u306a\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u5bfe\u3059\u308b\u61f8\u5ff5\u304c\u3088\u3046\u3084\u304f\u805e\u304b\u308c\u308b\u3088\u3046\u306b\u306a\u3063\u3066\u304d\u305f\u3002\u307e\u305f\u3001\u6700\u65b0\u306eCPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u7d71\u8a08\u306f\u660e\u3089\u304b\u306a\u6e1b\u901f\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35697\" data-type=\"post\" data-id=\"35697\">3\u6708\u7c73\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u30b5\u30fc\u30d3\u30b9\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u6e1b\u901f\u3001\u7d4c\u6e08\u6025\u964d\u4e0b\u78ba\u5b9a\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u9042\u306b5%\u307e\u3067\u4e0b\u304c\u3063\u3066\u304d\u305f\u304c\u3001\u53bb\u5e74\u79cb\u304b\u3089\u3053\u3053\u307e\u3067\u306e\u4e0b\u843d\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u4e0b\u843d\u306b\u5927\u304d\u304f\u4f9d\u5b58\u3057\u3066\u304d\u305f\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u304f\u3001\u3053\u3053\u304b\u3089\u306f\u305d\u306e\u52a9\u3051\u306a\u3057\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0b\u304c\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u305f\u3081\u3001\u4e0b\u843d\u306e\u30da\u30fc\u30b9\u306f\u843d\u3061\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u307e\u3060\u697d\u89b3\u3057\u3066\u3044\u306a\u3044\u3002\u5f7c\u306f\u9280\u884c\u5371\u6a5f\u3084\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u63a8\u79fb\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>\u4e0d\u666f\u6c17\u3092\u793a\u3059\u8a3c\u62e0\u304c\u5897\u3048\u3066\u3044\u308b\u4e00\u65b9\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u3082\u7d99\u7d9a\u3057\u3066\u5b58\u5728\u3057\u3066\u3044\u308b\u3002\u53b3\u3057\u3044\u7d44\u307f\u5408\u308f\u305b\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u8cc7\u91d1\u304c\u306a\u304f\u306a\u308b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08<\/strong><\/p>\n\n\n\n<p>\u307e\u305a\u4e0d\u666f\u6c17\u306e\u65b9\u3092\u898b\u3066\u3086\u3053\u3046\u3002\u73fe\u91d1\u304c\u8db3\u308a\u306a\u304f\u306a\u3063\u3066\u7834\u7dbb\u3057\u305f\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u5f8c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5730\u65b9\u9280\u884c\u304c\u73fe\u91d1\u3092\u7559\u4fdd\u3059\u308b\u305f\u3081\u306b\u8cb8\u3057\u6e0b\u308a\u3057\u3001\u4e2d\u5c0f\u4f01\u696d\u304c\u3088\u308a\u53b3\u3057\u3044\u72b6\u6cc1\u4e0b\u306b\u7f6e\u304b\u308c\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u61f8\u5ff5\u304c\u51fa\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34498\" data-type=\"post\" data-id=\"34498\">\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u6c7a\u7b97\u66f8\u304b\u3089\u7834\u7dbb\u306e\u7406\u7531\u3092\u89e3\u8aac\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u306b\u3064\u3044\u3066\u30b5\u30de\u30fc\u30ba\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>\u4e0d\u666f\u6c17\u306b\u3064\u3044\u3066\u8a00\u3048\u3070\u3001\u5012\u7523\u304c\u5897\u3048\u3066\u304a\u308a\u3001\u4fe1\u7528\u306e\u91cf\u306f\u6e1b\u3063\u3066\u3044\u308b\u3088\u3046\u3060\u3002\u5c0f\u58f2\u5e97\u58f2\u4e0a\u306f\u5f31\u304b\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f01\u696d\u304c\u5012\u7523\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u3001\u9810\u91d1\u3092\u5f15\u304d\u51fa\u3055\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308a\u3001\u9810\u91d1\u3092\u5f15\u304d\u51fa\u3055\u308c\u305f\u9280\u884c\u304c\u73fe\u91d1\u4e0d\u8db3\u306b\u9665\u308a\u3001\u8cb8\u3057\u6e0b\u308a\u306b\u79fb\u884c\u3057\u3066\u3001\u4f01\u696d\u304c\u307e\u3059\u307e\u3059\u8cc7\u91d1\u4e0d\u8db3\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u6700\u60aa\u306e\u8cc7\u91d1\u4e0d\u8db3\u30b9\u30d1\u30a4\u30e9\u30eb\u3092\u30b5\u30de\u30fc\u30ba\u6c0f\u3082\u8a8d\u8b58\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002\u50b5\u5238\u6295\u8cc7\u5bb6\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3088\u308a\u5177\u4f53\u7684\u306a\u30c7\u30fc\u30bf\u3092\u3082\u3068\u306b\u540c\u3058\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35667\" data-type=\"post\" data-id=\"35667\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u9280\u884c\u5371\u6a5f\u5f8c\u306b\u4e2d\u5c0f\u4f01\u696d\u306f\u304a\u91d1\u304c\u501f\u308a\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067\u653f\u5e9c\u95a2\u4fc2\u8005\u3060\u3051\u304c\u9055\u3046\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u3002\u30b8\u30e3\u30cd\u30c3\u30c8\u30fb\u30a4\u30a8\u30ec\u30f3\u8ca1\u52d9\u9577\u5b98\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4fe1\u7528\u7e2e\u5c0f\u306f\u53ef\u80fd\u6027\u306e1\u3064\u3067\u306f\u3042\u308b\u304c\u3001\u305d\u308c\u304c\u8d77\u304d\u3066\u3044\u308b\u3068\u3044\u3046\u8a3c\u62e0\u306f\u307e\u3060\u898b\u3066\u3044\u306a\u3044\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u9280\u884c\u30b7\u30b9\u30c6\u30e0\u306f\u5f37\u3044\u307e\u307e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306b\u4f59\u88d5\u3092\u304b\u307e\u3057\u3066\u3044\u305f\u5f7c\u3089\u306e\u614b\u5ea6\u3068\u540c\u3058\u3067\u3042\u308b\u3002\u653f\u5e9c\u304c\u7d4c\u6e08\u306b\u3064\u3044\u3066\u558b\u308b\u3092\u805e\u304f\u3068\u3001\u3082\u306f\u3084\u308f\u3056\u3068\u898b\u5f53\u9055\u3044\u306e\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3048\u3066\u304f\u308b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u304b\u3064\u3066\u8ca1\u52d9\u9577\u5b98\u3060\u3063\u305f\u3053\u3068\u304c\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306b\u3068\u3063\u3066\u3069\u308c\u307b\u3069\u5e78\u904b\u3060\u3063\u305f\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35636\" data-type=\"post\" data-id=\"35636\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u7d4c\u6e08\u4e88\u60f3\u3092\u9593\u9055\u3044\u7d9a\u3051\u3066\u3044\u308b\u4e2d\u592e\u9280\u884c\u306f\u81ea\u5206\u63a2\u3057\u306e\u65c5\u306b\u51fa\u308b\u3079\u304d<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u306e\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u4e0b\u843d\u3092\u7d9a\u3051\u3066\u3044\u308b\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u306f\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u5225\u306e\u6307\u6a19\u3092\u6319\u3052\u3066\u8b66\u6212\u3092\u7d9a\u3051\u308b\u3079\u304d\u3060\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5f7c\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>CPI\u3068PPI\u306f\u826f\u3044\u65b9\u5411\u306b\u30b5\u30d7\u30e9\u30a4\u30ba\u3060\u3063\u305f\u3002\u3060\u304c\u30df\u30b7\u30ac\u30f3\u5927\u5b66\u306e1\u5e74\u5f8c\u306e\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0a\u304c\u308a\u3001\u30a2\u30c8\u30e9\u30f3\u30bf\u9023\u9280\u306e\u8cc3\u91d1\u6307\u6a19\u306f\u3001\u500b\u4eba\u7684\u306b\u306f\u6708\u6b21\u306e\u5e73\u5747\u6642\u7d66\u3088\u308a\u3082\u7684\u78ba\u306b\u52b4\u50cd\u5e02\u5834\u306e\u72b6\u6cc1\u3092\u793a\u3059\u6307\u6a19\u3060\u3068\u601d\u3063\u3066\u3044\u308b\u304c\u3001\u305d\u3061\u3089\u3082\u5148\u6708\u591a\u5c11\u4e0a\u304c\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u305f\u901a\u308a\u3001\u4e0b\u843d\u3092\u5148\u5c0e\u3059\u308b\u8981\u7d20\u304c\u305d\u308d\u305d\u308d\u5165\u308c\u66ff\u308f\u308b\u6642\u671f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35697\" data-type=\"post\" data-id=\"35697\">3\u6708\u7c73\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u30b5\u30fc\u30d3\u30b9\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u6e1b\u901f\u3001\u7d4c\u6e08\u6025\u964d\u4e0b\u78ba\u5b9a\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u4e0b\u843d\u304c\u727d\u5f15\u3057\u3066\u304d\u305f\u304c\u3001\u539f\u6cb9\u4fa1\u683c\u306f\u6700\u8fd1\u306f\u6a2a\u3070\u3044\u304c\u7d9a\u3044\u3066\u3044\u308b\u4e00\u65b9\u3001\u4f4f\u5b85\u95a2\u9023\u3084\u30b5\u30fc\u30d3\u30b9\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u6e1b\u901f\u3092\u59cb\u3081\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u6bce\u6708\u306e\u30c7\u30fc\u30bf\u306b\u8981\u6ce8\u76ee\u3060\u304c\u3001\u7b46\u8005\u306e\u4e88\u60f3\u3067\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u5148\u5c0e\u3059\u308b\u8981\u7d20\u304c\u5909\u308f\u308a\u306a\u304c\u3089\u3082\u4e2d\u671f\u7684\u306b\u306f\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u3092\u7dad\u6301\u3059\u308b\u3060\u308d\u3046\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u63a8\u79fb\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\/2023\/04\/2023-mar-us-cpi-growth.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-mar-us-cpi-growth.png\" alt=\"\" class=\"wp-image-35699\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-mar-us-cpi-growth.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-mar-us-cpi-growth-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u666f\u6c17\u5f8c\u9000\u306b\u7a81\u5165\u3059\u308b\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u6700\u5f8c\u306b\u3001\u9280\u884c\u5371\u6a5f\u3084\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u306a\u3069\u307e\u3059\u307e\u3059\u8b66\u6212\u3059\u3079\u304d\u81ed\u3044\u304c\u6f02\u3063\u3066\u304d\u305f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u3064\u3044\u3066\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u306e\u304b\u3002\u30a4\u30f3\u30d5\u30ec\u306b\u8b66\u6212\u3059\u3079\u304d\u3060\u3068\u305a\u3063\u3068\u8a00\u3044\u7d9a\u3051\u3066\u304d\u305f\u30b5\u30de\u30fc\u30ba\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\u306e\u5f15\u304d\u7de0\u3081\u306f\u3044\u304f\u3089\u304b\u52b9\u679c\u3092\u8868\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u7591\u554f\u306e\u4f59\u5730\u306f\u306a\u3044\u3002\u52b9\u679c\u306f\u9593\u9055\u3044\u306a\u304f\u8868\u308c\u3066\u3044\u308b\u3002\u554f\u984c\u306f\u3001\u305d\u308c\u304c\u3069\u308c\u3060\u3051\u5927\u304d\u3044\u304b\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4e0b\u843d\u3068\u540c\u6642\u306b\u9280\u884c\u3084\u4e2d\u5c0f\u4f01\u696d\u306e\u5012\u7523\u3092\u3082\u305f\u3089\u3057\u3066\u3044\u308b\u30021970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u306e\u5f8c\u59cb\u672b\u304c\u5927\u5909\u3060\u3063\u305f\u3088\u3046\u306b\u3001\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u4eba\u70ba\u7684\u306b\u5f15\u304d\u8d77\u3053\u3055\u308c\u305f\u30a4\u30f3\u30d5\u30ec\u3092\u6b62\u3081\u308b\u305f\u3081\u306b\u306f\u305d\u3046\u3059\u308b\u3057\u304b\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27377\" data-type=\"post\" data-id=\"27377\">\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u30011980\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u304c\u3069\u308c\u3060\u3051\u53b3\u3057\u304b\u3063\u305f\u304b\u3092\u8a9e\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35011\" data-type=\"post\" data-id=\"35011\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a4\u30f3\u30d5\u30ec\u306f\u6709\u6a29\u8005\u304c\u7d19\u5e63\u5370\u5237\u3092\u652f\u6301\u3057\u305f\u305b\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7269\u4fa1\u3092\u4e0b\u3052\u308b\u305f\u3081\u306b\u306f\u7d4c\u6e08\u6210\u9577\u7387\u3082\u4e0b\u3052\u308b\u3057\u304b\u306a\u3044\u3002\u5c11\u306a\u304f\u3068\u3082\u50b5\u5238\u5e02\u5834\u306f\u305d\u308c\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u306e\u305f\u3081\u306b\u91d1\u5229\u3092\u4e0a\u3052\u305f\u5f8c\u3001\u5b9f\u4f53\u7d4c\u6e08\u304c\u5f31\u307e\u3063\u3066\u5229\u4e0b\u3052\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u308b\u3053\u3068\u3092\u50b5\u5238\u5e02\u5834\u306f\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306b\u3064\u3044\u3066\u30b5\u30de\u30fc\u30ba\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>\u5e02\u5834\u306e\u73fe\u5728\u306e\u7e54\u308a\u8fbc\u307f\u3067\u4eca\u5f8c2\u5e74\u9593\u3067\u5927\u5e45\u306a\u5229\u4e0b\u3052\u304c\u60f3\u5b9a\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u306f\u9a5a\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u5f8c2\u5e74\u30676\u56de\u30848\u56de\u306e\u5229\u4e0b\u3052\u306f\u3001\u7d4c\u6e08\u304c\u666f\u6c17\u5f8c\u9000\u306b\u5411\u304b\u3063\u3066\u3044\u308b\u306e\u3067\u306a\u3051\u308c\u3070\u3042\u308a\u305d\u3046\u306b\u306a\u3044\u3088\u3046\u306b\u601d\u3048\u308b\u304c\u3001\u4e00\u65b9\u3067\u682a\u5f0f\u5e02\u5834\u3084\u9ad8\u5229\u56de\u308a\u50b5\u306e\u4fa1\u683c\u6c34\u6e96\u306f\u5927\u898f\u6a21\u306a\u666f\u6c17\u5f8c\u9000\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u91d1\u878d\u5e02\u5834\u304c\u77db\u76fe\u3057\u3066\u3044\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u50b5\u5238\u5e02\u5834\u306f\u666f\u6c17\u5f8c\u9000\u306b\u3088\u308b\u5229\u4e0b\u3052\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u304c\u3001\u4e00\u65b9\u3067\u682a\u5f0f\u5e02\u5834\u306e\u6c34\u6e96\u306f\u305d\u308c\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\u3002S&amp;P 500\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\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\/2023\/04\/2023-4-15-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-4-15-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-35793\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-4-15-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-4-15-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u4e0b\u304c\u3063\u3066\u306f\u3044\u308b\u304c\u3053\u308c\u3067\u306f\u666f\u6c17\u5f8c\u9000\u3092\u7e54\u308a\u8fbc\u3093\u3060\u6c34\u6e96\u3068\u306f\u8a00\u3048\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3064\u307e\u308a\u50b5\u5238\u5e02\u5834\u3068\u682a\u5f0f\u5e02\u5834\u306e\u3069\u3061\u3089\u304b\u304c\u9593\u9055\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u8aad\u8005\u306f\u3069\u3046\u601d\u3046\u3060\u308d\u3046\u304b\u3002\u9ad8\u91d1\u5229\u3067\u8cc7\u91d1\u3092\u878d\u901a\u3067\u304d\u306a\u304f\u306a\u3063\u305f\u4e2d\u5c0f\u4f01\u696d\u304c\u9810\u91d1\u3092\u5f15\u304d\u51fa\u3057\u305f\u3053\u3068\u3067\u7834\u7dbb\u3057\u305f\u9280\u884c\u305f\u3061\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u6307\u6458\u901a\u308a\u9280\u884c\u5371\u6a5f\u5f8c\u306b\u307e\u3059\u307e\u3059\u878d\u8cc7\u3092\u53d7\u3051\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u4e2d\u5c0f\u4f01\u696d\u3001\u6025\u964d\u4e0b\u3057\u3066\u3044\u308b\u5b9f\u8cea\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\uff08\u5e02\u4e2d\u306b\u5b58\u5728\u3059\u308b\u8cc7\u91d1\u91cf\uff09\u3001\u3064\u3044\u306b\u6e1b\u901f\u3092\u59cb\u3081\u305f\u4f4f\u5b85\u3068\u30b5\u30fc\u30d3\u30b9\u306e\u30a4\u30f3\u30d5\u30ec\u3001\u3042\u3089\u3086\u308b\u30c7\u30fc\u30bf\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u3082\u3046\u99c4\u76ee\u3060\u3068\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u682a\u5f0f\u5e02\u5834\u3068\u8ca1\u52d9\u9577\u5b98\u306e\u30b8\u30e3\u30cd\u30c3\u30c8\u30fb\u30a4\u30a8\u30ec\u30f3\u6c0f\u3060\u3051\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u5f37\u6c17\u3067\u3042\u308b\u3002\u30cf\u30fc\u30d0\u30fc\u30c9\u5927\u5b66\u3067\u3082\u6559\u97ad\u3092\u57f7\u3063\u3066\u3044\u305f\u7d4c\u6e08\u5b66\u8005\u304c\u5473\u65b9\u306b\u3064\u3044\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u682a\u5f0f\u5e02\u5834\u306f\u4f55\u3068\u5fc3\u5f37\u3044\u3053\u3068\u3060\u308d\u3046\u3002\u80a9\u66f8\u304d\u304c\u3044\u304b\u306b\u5f79\u306b\u7acb\u305f\u306a\u3044\u304b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u682a\u5f0f\u5e02\u5834\u3068\u50b5\u5238\u5e02\u5834\u304c\u610f\u898b\u3092\u9055\u3048\u308b\u3068\u304d\u3001\u6b63\u3057\u3044\u306e\u306f\u5927\u62b5\u50b5\u5238\u5e02\u5834\u3067\u3042\u308b\u3002\u4ed6\u306e\u5c02\u9580\u5bb6\u306e\u610f\u898b\u3082\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34869\" data-type=\"post\" data-id=\"34869\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u7d4c\u6e08\u30af\u30e9\u30c3\u30b7\u30e5\u3067\u91cf\u7684\u7de9\u548c\u518d\u958b\u307e\u3067\u3042\u30681\u5e74\u4ee5\u5185<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35086\" data-type=\"post\" data-id=\"35086\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f\u6570\u30f6\u6708\u3067\u666f\u6c17\u5f8c\u9000\u3001\u5229\u4e0a\u3052\u64a4\u56de\u3078<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35221\" data-type=\"post\" data-id=\"35221\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f: \u666f\u6c17\u5f8c\u9000\u3067\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u8abf\u6574\u3078<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u3068\u666f\u6c17\u52d5\u5411\u306b\u3064\u3044\u3066Bloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u8a9e\u3063\u3066\u3044\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":[59,118,111,108],"tags":[98],"class_list":["post-35774","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-larry-summers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/35774","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=35774"}],"version-history":[{"count":29,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/35774\/revisions"}],"predecessor-version":[{"id":35804,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/35774\/revisions\/35804"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=35774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=35774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=35774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}