{"id":37164,"date":"2023-05-31T20:03:40","date_gmt":"2023-05-31T11:03:40","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=37164"},"modified":"2023-05-31T20:03:42","modified_gmt":"2023-05-31T11:03:42","slug":"%e9%87%91%e8%9e%8d%e5%bc%95%e3%81%8d%e7%b7%a0%e3%82%81%e3%81%af%e3%81%a9%e3%81%ae%e3%82%88%e3%81%86%e3%81%ab%e6%a0%aa%e4%be%a1%e3%82%92%e4%b8%8b%e3%81%92%e3%82%8b%e3%81%ae%e3%81%8b","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37164","title":{"rendered":"\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u3069\u306e\u3088\u3046\u306b\u682a\u4fa1\u3092\u4e0b\u3052\u308b\u306e\u304b"},"content":{"rendered":"\n<p>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306b\u59cb\u307e\u308b\u9280\u884c\u5371\u6a5f\u3067\u91d1\u878d\u5e02\u5834\u306f\u60b2\u89b3\u7684\u306b\u306a\u3063\u3066\u307f\u305f\u308a\u3001\u9280\u884c\u306e\u7834\u7dbb\u304c\u4e00\u5b9a\u671f\u9593\u8d77\u3053\u3089\u306a\u3051\u308c\u3070\u697d\u89b3\u7684\u306b\u306a\u3063\u3066\u307f\u305f\u308a\u3001\u5e02\u5834\u306f\u5fd9\u3057\u3044\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u5728\u306f\u76f8\u5834\u306e\u8e0a\u308a\u5834\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3060\u3068\u601d\u3046\u306e\u3067\u3001\u3053\u3053\u3067\u4e00\u5ea6\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3068\u682a\u4fa1\u3068\u3044\u3046\u57fa\u672c\u7684\u306a\u3053\u3068\u3092\u518d\u78ba\u8a8d\u3057\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u682a\u4fa1\u3068\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u95a2\u4fc2<\/strong><\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u7d19\u5e63\u5370\u5237\u3068\u73fe\u91d1\u7d66\u4ed8\u304c\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u3092\u3082\u305f\u3089\u3057\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u305d\u308c\u3092\u6291\u5236\u3059\u308b\u305f\u3081\u306b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\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\/33013\" data-type=\"post\" data-id=\"33013\">\u4e16\u754c\u6700\u9ad8\u306e\u7d4c\u6e08\u5b66\u8005\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u8aac\u660e\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u682a\u4fa1\u306f\u6b21\u306e\u3088\u3046\u306b\u8a08\u7b97\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u682a\u4fa1 = 1\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca x \u682a\u4fa1\u53ce\u76ca\u7387<\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u682a\u4fa1\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3068\u3059\u308c\u3070\u3001\u4f01\u696d\u5229\u76ca\u3068\u682a\u4fa1\u53ce\u76ca\u7387\u306e\u3069\u3061\u3089\u304b\uff08\u3042\u308b\u3044\u306f\u4e21\u65b9\uff09\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u884c\u308f\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u306b\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u305d\u306e\u4e21\u65b9\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002\u682a\u4fa1\u53ce\u76ca\u7387\u306b\u95a2\u3057\u3066\u306f\u7c21\u5358\u3067\u3042\u308b\u3002\u682a\u4fa1\u53ce\u76ca\u7387\u306f\u682a\u5f0f\u306e\u5b9f\u969b\u306e\u4fa1\u5024\uff08\u3064\u307e\u308a\u5c06\u6765\u306e\u7d14\u5229\u76ca\uff09\u306b\u5bfe\u3057\u3066\u3069\u308c\u3060\u3051\u9ad8\u304f\uff08\u3042\u308b\u3044\u306f\u4f4e\u304f\uff09\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u304b\u3092\u793a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u304c\u9ad8\u304f\u306a\u308c\u3070\u3001\u682a\u5f0f\u3092\u4fdd\u6709\u3059\u308b\u30ea\u30b9\u30af\u3092\u53d6\u3089\u306a\u304f\u3066\u3082\u91d1\u5229\u53ce\u5165\u304c\u591a\u304f\u306a\u308b\u306e\u3067\u8caf\u91d1\u3084\u56fd\u50b5\u306e\u4fdd\u6709\u306a\u3069\u306b\u8cc7\u91d1\u304c\u6d41\u308c\u308b\u3002\u9006\u306b\u91d1\u5229\u304c\u4f4e\u304f\u306a\u308c\u3070\u304a\u91d1\u3092\u9810\u3051\u3066\u3044\u3066\u3082\u91d1\u5229\u304c\u5f97\u3089\u308c\u306a\u3044\u306e\u3067\u682a\u5f0f\u306b\u304a\u91d1\u304c\u6d41\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u682a\u4fa1\u53ce\u76ca\u7387\u306f\u7b2c\u4e00\u306b\uff08\u5b9f\u8cea\uff09\u91d1\u5229\u306b\u5f71\u97ff\u3055\u308c\u308b\u3002\u91d1\u5229\u304c\u9ad8\u3051\u308c\u3070\u682a\u4fa1\u53ce\u76ca\u7387\u304c\u4f4e\u304f\u306a\u308b\u306e\u3067\u3001\u682a\u4fa1\u3082\u4f4e\u304f\u306a\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u8cea\u91d1\u5229\u306e\u63a8\u79fb\u3092\u898b\u308c\u3070\u30012022\u5e74\u306b\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u7406\u7531\u3082\u30012023\u5e74\u306b\u682a\u4fa1\u304c\u6a2a\u3070\u3044\u306b\u306a\u3063\u3066\u3044\u308b\u7406\u7531\u3082\u5206\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-29-us-10-year-tips-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"481\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-29-us-10-year-tips-yield-chart.png\" alt=\"\" class=\"wp-image-37123\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-29-us-10-year-tips-yield-chart.png 481w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-29-us-10-year-tips-yield-chart-300x291.png 300w\" sizes=\"auto, (max-width: 481px) 100vw, 481px\" \/><\/a><\/figure>\n\n\n\n<p>\u682a\u4fa1\u53ce\u76ca\u7387\u306f\u4ed6\u306b\u3082\u5e02\u5834\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306a\u3069\u306b\u3082\u5f71\u97ff\u3055\u308c\u308b\u304c\u3001\u91d1\u5229\u304c\u57fa\u672c\u306b\u306a\u308b\u306e\u3067\u3001\u4e88\u60f3\u304c\u3057\u3084\u3059\u3044\u3002\u30c9\u30eb\u5186\u306b\u95a2\u3059\u308b\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u3088\u3046\u306b\u3001\u7b46\u8005\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u8cea\u91d1\u5229\u304c\u3053\u306e\u8fba\u308a\u3067\u5929\u4e95\u3060\u3068\u601d\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u4eca\u5f8c\u306e\u63a8\u79fb\u306b\u95a2\u3057\u3066\u8a00\u3048\u3070\u3001\u5b9f\u8cea\u91d1\u5229\u306f\u682a\u4fa1\u306b\u4e0d\u5229\u306a\u65b9\u5411\u3078\u306f\u52d5\u304b\u306a\u3044\u3068\u7b46\u8005\u306f\u4e88\u60f3\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37120\" data-type=\"post\" data-id=\"37120\">\u6700\u8fd1\u306e\u30c9\u30eb\u9ad8\u306e\u7406\u7531\u3068\u30c9\u30eb\u5186\u306e\u4eca\u5f8c1\u5e74\u306e\u63a8\u79fb\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u4f01\u696d\u5229\u76ca\u306f\u3069\u3046\u306a\u308b\u304b<\/strong><\/p>\n\n\n\n<p>\u3042\u3068\u306f\u4f01\u696d\u5229\u76ca\u306e\u554f\u984c\u3067\u3042\u308b\u3002\u3053\u3061\u3089\u306f\u4e88\u60f3\u304c\u96e3\u3057\u3044\u306e\u3060\u304c\u3001\u4f01\u696d\u5229\u76ca\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u8981\u7d20\u306f\u3044\u304f\u3064\u304b\u3042\u308b\u3002\u4f8b\u3048\u3070GDP\u3067\u8a00\u3048\u3070\u6d88\u8cbb\u306f\u4f01\u696d\u5229\u76ca\u306b\u306f\u76f4\u63a5\u7684\u306b\u306f\u7121\u95a2\u4fc2\u3067\u3042\u308a\u3001\u6295\u8cc7\u306f\u4f01\u696d\u5229\u76ca\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u3066\u3044\u308b\u306e\u3067\u8a73\u3057\u304f\u306f\u305d\u3061\u3089\u3092\u53c2\u7167\u3057\u3066\u307b\u3057\u3044\u304c\u3001\u91cd\u8981\u306a\u306e\u306f\u6295\u8cc7\u304c\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36304\" data-type=\"post\" data-id=\"36304\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u30012023\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u898b\u901a\u3057\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306e\u69cb\u6210\u8981\u7d20\u306e\u3046\u3061\u6295\u8cc7\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\/2023-1q-us-real-real-gross-private-domestic-investment-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-1q-us-real-real-gross-private-domestic-investment-chart.png\" alt=\"\" class=\"wp-image-36261\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-1q-us-real-real-gross-private-domestic-investment-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-1q-us-real-real-gross-private-domestic-investment-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u306e\u5f71\u97ff\u3067\u6025\u4e0a\u6607\u3057\u305f\u5f8c\u3001\u305d\u306e\u4e0a\u6607\u5206\u3092\u3059\u3079\u3066\u6d88\u3057\u305d\u3046\u306a\u52e2\u3044\u3067\u6025\u964d\u4e0b\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u7406\u7531\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u3042\u308b\u3002\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308c\u3070\u4f01\u696d\u306f\u6295\u8cc7\u304c\u3057\u306b\u304f\u304f\u306a\u308b\u3002\u3082\u3063\u3068\u30de\u30af\u30ed\u7684\u306b\u8a00\u3048\u3070\u3001\u501f\u91d1\u304c\u3057\u306b\u304f\u304f\u306a\u3063\u3066\u5e02\u4e2d\u306b\u5b58\u5728\u3059\u308b\u73fe\u91d1\u3068\u9810\u91d1\u306e\u7dcf\u91cf\uff08\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\uff09\u304c\u6e1b\u5c11\u3057\u3001\u305d\u308c\u304c\u6295\u8cc7\u3092\u884c\u3046\u91d1\u92ad\u7684\u4f59\u88d5\u3092\u5931\u308f\u305b\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u6295\u8cc7\u304c\u3053\u306e\u307e\u307e\u4e0b\u964d\u3092\u7d9a\u3051\u308b\u306e\u304b\u3092\u4e88\u60f3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u3069\u3046\u306a\u308b\u306e\u304b\u3092\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u305d\u3057\u3066\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\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\/05\/2023-apr-us-m2-money-stock-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-apr-us-m2-money-stock-chart.png\" alt=\"\" class=\"wp-image-37129\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-apr-us-m2-money-stock-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-apr-us-m2-money-stock-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u9280\u884c\u5371\u6a5f\u3092\u53d7\u3051\u3066\u306e\u9280\u884c\u306e\u8cb8\u3057\u6e0b\u308a\u306a\u3069\u3082\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u6e1b\u5c11\u306b\u62cd\u8eca\u3092\u304b\u3051\u3066\u3044\u308b\u3002\u9280\u884c\u5371\u6a5f\u3082\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u8d77\u3053\u3063\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36793\" data-type=\"post\" data-id=\"36793\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u9280\u884c\u5371\u6a5f\u306f\u60aa\u5316\u3057\u30a4\u30f3\u30d5\u30ec\u306f\u6b62\u307e\u3089\u305a\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u306a\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u653f\u7b56\u91d1\u5229\u30925%\u7a0b\u5ea6\u306e\u6c34\u6e96\u306b\u7dad\u6301\u3057\u7d9a\u3051\u308b\u9650\u308a\u6e1b\u5c11\u3092\u7d9a\u3051\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3082\u3061\u308d\u3093\u4f01\u696d\u5229\u76ca\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u306e\u306f\u6295\u8cc7\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u7c73\u56fd\u682a\u3092\u8003\u3048\u308b\u306a\u3089\u3070\u6d77\u5916\u8981\u56e0\u3082\u8003\u616e\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u308f\u3051\u3060\u304c\u3001\u6295\u8cc7\u304c\u3053\u306e\u3088\u3046\u306a\u52e2\u3044\u3067\u6025\u964d\u4e0b\u3092\u7d9a\u3051\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u3053\u3053\u306e\u3068\u3053\u308d\u65e2\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b1\u682a\u5f53\u305f\u308a\u5229\u76ca\u3082\u3084\u306f\u308a\u4e0b\u843d\u3092\u7d99\u7d9a\u3059\u308b\u3068\u898b\u308b\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u73fe\u5728\u306e\u7c73\u56fd\u682a\u306e\u6c34\u6e96\u306f\u4f01\u696d\u5229\u76ca\u306e\u6e1b\u5c11\u3068\u91d1\u5229\u306e\u4e0a\u6607\u3068\u3044\u3046\u8981\u56e0\u3092\u5341\u5206\u306b\u7e54\u308a\u8fbc\u3093\u3067\u304a\u3089\u305a\u3001\u3053\u308c\u3089\u306e\u8981\u7d20\u3092\u8003\u3048\u308b\u3068\u304b\u306a\u308a\u5272\u9ad8\u306a\u72b6\u614b\u306b\u4f4d\u7f6e\u3057\u3066\u3044\u308b\u3002\u7c73\u56fd\u682a\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\/05\/2023-5-31-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\/05\/2023-5-31-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-37168\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-31-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-31-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u308c\u30892\u3064\u306f\u7c73\u56fd\u682a\u306b\u3068\u3063\u3066\u30de\u30a4\u30ca\u30b9\u306e\u8981\u56e0\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4e00\u65b9\u3067\u3001\u5b9f\u8cea\u91d1\u5229\u306e\u4f4e\u4e0b\u306b\u3088\u308b\u682a\u4fa1\u306e\u4e0a\u6607\u306e\u53ef\u80fd\u6027\u306f\u6392\u9664\u3067\u304d\u306a\u3044\u3002\u3060\u304b\u3089\u682a\u4fa1\u306e\u4e0b\u843d\u306b\u8ced\u3051\u308b\u6295\u8cc7\u5bb6\u306f\u3001\u5b9f\u8cea\u91d1\u5229\u306e\u4f4e\u4e0b\u3092\u30d8\u30c3\u30b8\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306f\u57fa\u672c\u7684\u306b\u91d1\u5229\u4f4e\u4e0b\u306b\u8ced\u3051\u3066\u3044\u308b\u306e\u3067\u30012\u5e74\u7269\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u3068\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u304c\u4e21\u65b9\u3068\u3082\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u4f4e\u4e0b\u306b\u8ced\u3051\u305f\u5927\u304d\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37120\" data-type=\"post\" data-id=\"37120\">\u6700\u8fd1\u306e\u30c9\u30eb\u9ad8\u306e\u7406\u7531\u3068\u30c9\u30eb\u5186\u306e\u4eca\u5f8c1\u5e74\u306e\u63a8\u79fb\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305f\u3060\u30011\u3064\u3060\u3051\u8a00\u3048\u308b\u306e\u306f\u3001\u91d1\u5229\u4e0a\u6607\u3068\u682a\u4fa1\u4e0a\u6607\u304c\u4e21\u65b9\u6765\u308b\u30b7\u30ca\u30ea\u30aa\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u4ee5\u4e0a\u306e\u7406\u5c48\u3092\u8aad\u3081\u3070\u7406\u89e3\u3067\u304d\u308b\u3060\u308d\u3046\u3002\u305d\u308c\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u9650\u308a\u3001\u5e02\u5834\u306f\u672c\u5f53\u306e\u65b9\u5411\u3078\u306f\u5411\u304b\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306b\u59cb\u307e\u308b\u9280\u884c\u5371\u6a5f\u3067\u91d1\u878d\u5e02\u5834\u306f\u60b2\u89b3\u7684\u306b\u306a\u3063\u3066\u307f\u305f\u308a\u3001\u9280\u884c\u306e\u7834\u7dbb\u304c\u4e00\u5b9a\u671f\u9593\u8d77\u3053\u3089\u306a\u3051\u308c\u3070\u697d\u89b3\u7684\u306b\u306a\u3063\u3066\u307f\u305f\u308a\u3001\u5e02\u5834\u306f\u5fd9\u3057\u3044\u3082\u306e\u3067\u3042\u308b\u3002 \u73fe\u5728\u306f\u76f8\u5834\u306e\u8e0a\u308a\u5834\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3060\u3068\u601d\u3046\u306e\u3067\u3001\u3053\u3053\u3067\u4e00\u5ea6\u91d1\u878d\u5f15\u304d\u7de0 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37164\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u3069\u306e\u3088\u3046\u306b\u682a\u4fa1\u3092\u4e0b\u3052\u308b\u306e\u304b<\/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":[118,59,111,108],"tags":[],"class_list":["post-37164","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-us-stock-market","category-stock-markets","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37164","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=37164"}],"version-history":[{"count":5,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37164\/revisions"}],"predecessor-version":[{"id":37170,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37164\/revisions\/37170"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=37164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=37164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=37164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}