{"id":38805,"date":"2023-08-10T20:00:00","date_gmt":"2023-08-10T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=38805"},"modified":"2023-08-10T12:09:57","modified_gmt":"2023-08-10T03:09:57","slug":"%e4%bb%8a%e3%81%ae%e3%81%a8%e3%81%93%e3%82%8d%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%ae%e3%82%bd%e3%83%95%e3%83%88%e3%83%a9%e3%83%b3%e3%83%87%e3%82%a3%e3%83%b3%e3%82%b0%e3%82%92%e7%b9%94%e3%82%8a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38805","title":{"rendered":"\u4eca\u306e\u3068\u3053\u308d\u30a2\u30e1\u30ea\u30ab\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u7e54\u308a\u8fbc\u3080\u91d1\u878d\u5e02\u5834"},"content":{"rendered":"\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u5229\u4e0a\u3052\u3067\u5bfe\u6297\u3059\u308b\u3053\u3068\u3068\u306a\u3063\u305f\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u4ee5\u6765\u306e\u9ad8\u91d1\u5229\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u8010\u3048\u3089\u308c\u306a\u3044\u3068\u601d\u308f\u308c\u305f\u304c\u3001\u4eca\u306e\u3068\u3053\u308d\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u305d\u308c\u307b\u3069\u306e\u6e1b\u901f\u306b\u306f\u306a\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u5f85<\/strong><\/p>\n\n\n\n<p>\u7279\u306b\u6700\u8fd1\u3001\u91d1\u878d\u5e02\u5834\u306f\u305d\u308c\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u5148\u6708\u306eGDP\u7d71\u8a08\u3068FOMC\u4f1a\u5408\u306e\u524d\u306b\u7b46\u8005\u306f\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u304a\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38272\" data-type=\"post\" data-id=\"38272\">\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u30017\u6708\u306e\u5229\u4e0a\u3052\u304c\u6700\u5f8c\u306b\u306a\u308b\u304b (2023\/7\/19)<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4eee\u306b\u30d1\u30a6\u30a8\u30eb\u6c0f\u3068GDP\u7d71\u8a08\u306e\u4e21\u65b9\u304c\u300c\u30a4\u30f3\u30d5\u30ec\u306f\u6e1b\u901f\u3057\u305f\u304c\u7d4c\u6e08\u306f\u6e1b\u901f\u3057\u3066\u3044\u306a\u3044\u300d\u76f8\u5834\u3092\u6b62\u3081\u306a\u3044\u5834\u5408\u3001\u3042\u3068\u6570\u30f6\u6708\u307b\u3069\u3053\u306e\u76f8\u5834\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u306f\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5b9f\u969b\u306bFOMC\u4f1a\u5408\u3068GDP\u7d71\u8a08\u306e\u4e21\u65b9\u304c\u3053\u306e\u898b\u901a\u3057\u3092\u59a8\u5bb3\u3057\u306a\u304b\u3063\u305f\u305f\u3081\u3001\u5b9f\u969b\u306b\u91d1\u878d\u5e02\u5834\u306f\u305d\u306e\u3088\u3046\u306b\u53cd\u5fdc\u3057\u3066\u3044\u308b\u3002\u4e00\u756a\u826f\u3044\u4f8b\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u5e02\u5834\u306e\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u3067\u3042\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\/08\/2023-8-10-us-10-year-breakeven-inflation-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-10-year-breakeven-inflation-rate-chart.png\" alt=\"\" class=\"wp-image-38806\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-10-year-breakeven-inflation-rate-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-10-year-breakeven-inflation-rate-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u307e\u3055\u306b\u4e0a\u8a18\u306e\u8a18\u4e8b\u306e\u3059\u3050\u5f8c\u306b\u6025\u53cd\u767a\u3057\u305f\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306e\u4f8b\u3092\u6319\u3052\u308b\u307e\u3067\u3082\u306a\u304f\u3001\u5e02\u5834\u304c\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3\u3059\u308b\u3068\u304d\u306b\u306f\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0b\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3001\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4e0a\u6607\u306f\u307e\u3055\u306b\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u7e54\u308a\u8fbc\u3080\u52d5\u304d\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u5dee\u306e\u4e0a\u6607<\/strong><\/p>\n\n\n\n<p>\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u3068\u3044\u3046\u6700\u8fd1\u306e\u52d5\u304d\u306f\u3001\u5229\u4e0a\u3052\u304c\u53ce\u307e\u3063\u3066\u9577\u671f\u7684\u306b\u306f\u7d4c\u6e08\u304c\u56de\u5fa9\u3057\u3066\u3086\u304f\u3068\u3044\u3046\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u5f85\u306b\u76f8\u5fdc\u3057\u3044\u52d5\u304d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306b\u3068\u3082\u306a\u3046\u5f53\u7136\u306e\u7d50\u679c\u3068\u3057\u3066\u8d77\u3053\u308b\u3053\u3068\u304c\u3082\u30461\u3064\u3042\u308b\u3002\u9577\u77ed\u91d1\u5229\u5dee\u306e\u4e0a\u6607\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>10\u5e74\u7269\u56fd\u50b5\u304b\u30892\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u3092\u5f15\u3044\u305f\u9577\u77ed\u91d1\u5229\u5dee\u306e\u30c1\u30e3\u30fc\u30c8\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\/08\/2023-8-10-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png\" alt=\"\" class=\"wp-image-38809\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u9577\u77ed\u91d1\u5229\u5dee\u306f\u4eca\u5e74\u306e\u524d\u534a\u306b\u6025\u53cd\u767a\u3057\u305f\u5f8c\u518d\u3073\u4e0b\u843d\u3057\u3066\u3044\u305f\u304c\u3001\u6700\u8fd1\u306b\u306a\u3063\u3066\u3084\u3084\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u5728\u9577\u77ed\u91d1\u5229\u5dee\u306f\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u308c\u306f\u901a\u5e38\u306e\u3053\u3068\u3067\u306f\u306a\u3044\u3002\u50b5\u5238\u306e\u91d1\u5229\u306f\u901a\u5e38\u671f\u9593\u304c\u9577\u3044\u307b\u3069\u9ad8\u304f\u306a\u308b\u306e\u3067\u3001\u9577\u77ed\u91d1\u5229\u5dee\u306f\u30d7\u30e9\u30b9\u306b\u306a\u308b\u306e\u304c\u666e\u901a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4f8b\u5916\u304c\u3042\u308b\u3002\u4e2d\u592e\u9280\u884c\u306e\u5229\u4e0a\u3052\u304c\u5f37\u3059\u304e\u3001\u77ed\u671f\u7684\u306b\u306f\u5229\u4e0a\u3052\u306e\u305f\u3081\u306b\u91d1\u5229\u304c\u4e0a\u304c\u308b\u304c\u3001\u9577\u671f\u7684\u306b\u306f\u9ad8\u91d1\u5229\u306b\u3088\u3063\u3066\u7d4c\u6e08\u304c\u6b7b\u3093\u3067\u3086\u304f\u3068\u5e02\u5834\u304c\u4e88\u60f3\u3059\u308b\u5834\u5408\u3001\u9577\u671f\u91d1\u5229\u306e\u65b9\u304c\u4f4e\u304f\u306a\u308a\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3059\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u5dee\u306e\u610f\u5473\u3059\u308b\u3082\u306e<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u306f\u5e02\u5834\u53c2\u52a0\u8005\u306b\u306f\u307b\u3068\u3093\u3069\u78ba\u5b9f\u306a\u666f\u6c17\u5f8c\u9000\u306e\u524d\u89e6\u308c\u3068\u3057\u3066\u77e5\u3089\u308c\u3066\u3044\u308b\u3002\u5c11\u306a\u304f\u3068\u3082\u6b74\u53f2\u4e0a\u306f\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u306e\u5f8c\u306f\u307b\u307c\u78ba\u5b9f\u306b\u666f\u6c17\u5f8c\u9000\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3053\u308c\u307e\u3067\u305d\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u3053\u308c\u304b\u3089\u3082\u305d\u3046\u306a\u308b\u3068\u306f\u9650\u3089\u306a\u3044\u3002\u9577\u77ed\u91d1\u5229\u5dee\u304c\u610f\u5473\u3059\u308b\u3082\u306e\u3092\u3057\u3063\u304b\u308a\u8003\u3048\u3066\u307f\u308b\u5fc5\u8981\u304c\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u307e\u305a\u8003\u3048\u308b\u3079\u304d\u306f\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u6307\u6458\u3057\u3066\u3044\u305f\u3088\u3046\u306b\u3001\u666f\u6c17\u5f8c\u9000\u306f\u9577\u77ed\u91d1\u5229\u5dee\u304c\u30de\u30a4\u30ca\u30b9\u307e\u3067\u843d\u3061\u8fbc\u307f\u3001\u305d\u306e\u5f8c\u4e0a\u6607\u3092\u59cb\u3081\u305f\u5f8c\u306b\u6765\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u30022000\u5e74\u306e\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u5d29\u58ca\u304a\u3088\u30732008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u5f8c\u306e\u9577\u77ed\u91d1\u5229\u5dee\u306e\u52d5\u304d\u306b\u6ce8\u76ee\u3057\u305f\u3044\u3002\u7070\u8272\u90e8\u5206\u304c\u666f\u6c17\u5f8c\u9000\u306e\u671f\u9593\u3067\u3042\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\/08\/2000-2010-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2000-2010-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png\" alt=\"\" class=\"wp-image-38811\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2000-2010-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2000-2010-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u4f55\u6545\u3053\u3046\u306a\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u4e2d\u592e\u9280\u884c\u304c\u666f\u6c17\u5f8c\u9000\u3092\u5bdf\u77e5\u3057\u3001\u5229\u4e0b\u3052\u3092\u59cb\u3081\u3066\u77ed\u671f\u91d1\u5229\u304c\u4e0b\u304c\u308a\u59cb\u3081\u308b\u304c\u3001\u7d50\u5c40\u5371\u6a5f\u3092\u6551\u3046\u306b\u306f\u9593\u306b\u5408\u308f\u305a\u666f\u6c17\u5f8c\u9000\u306b\u9665\u308b\u3068\u3044\u3046\u30b7\u30ca\u30ea\u30aa\u304c\u3001\u3053\u308c\u30892\u56de\u306e\u5371\u6a5f\u306b\u304a\u3044\u3066\u306f\u8e0f\u8972\u3055\u308c\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u5e02\u5834\u304c\u7e54\u308a\u8fbc\u3080\u5922\u306e\u3088\u3046\u306a\u30b7\u30ca\u30ea\u30aa<\/strong><\/p>\n\n\n\n<p>\u3060\u304b\u3089\u73fe\u5728\u306e\u9577\u77ed\u91d1\u5229\u5dee\u306e\u4e0a\u6607\u3068\u3001\u5f53\u6642\u306e\u9577\u77ed\u91d1\u5229\u5dee\u306e\u4e0a\u6607\u306f\u610f\u5473\u5408\u3044\u304c\u9055\u3046\u3002\u73fe\u72b6\u3067\u306f\u5927\u5e45\u306a\u5229\u4e0b\u3052\u306f\u7e54\u308a\u8fbc\u307e\u308c\u3066\u304a\u3089\u305a\u3001\u77ed\u671f\u91d1\u5229\u306f\u307e\u3060\u305d\u308c\u307b\u3069\u4e0b\u843d\u3057\u3066\u3044\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u30022\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\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\/08\/2023-8-10-us-2-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-2-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-38812\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-2-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-10-us-2-year-treasury-bond-yield-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u73fe\u5728\u306e\u5e02\u5834\u304c\u7e54\u308a\u8fbc\u3080\u30b7\u30ca\u30ea\u30aa\u306f\u30cf\u30c3\u30d4\u30fc\u30a8\u30f3\u30c9\u3067\u3042\u308b\u3002Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u73fe\u5728\u306e\u91d1\u5229\u6c34\u6e96\u3092\u307b\u307c\u7dad\u6301\u3059\u308b\uff082\u5e74\u7269\u56fd\u50b5\u91d1\u5229\u306e\u9ad8\u6b62\u307e\u308a\u304c\u305d\u308c\u3092\u793a\u5506\u3057\u3066\u3044\u308b\uff09\u304c\u3001\u7d4c\u6e08\u306f\u305d\u306e\u307e\u307e\u56de\u5fa9\u3057\u3066\u3086\u304f\uff08\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\uff09\u3002<\/p>\n\n\n\n<p>\u3060\u304cFed\u306e\u5229\u4e0a\u3052\u304c\u672c\u5f53\u306b\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u3048\u3089\u308c\u3066\u3044\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u4eca\u5f8c\u6570\u30f6\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u7d71\u8a08\u304c\u3053\u306e\u72b6\u6cc1\u306b\u4e00\u77f3\u3092\u6295\u3058\u308b\u306f\u305a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u3053\u306e\u307e\u307e2%\u307e\u3067\u4e0b\u304c\u3063\u3066\u305d\u3053\u3067\u6b62\u307e\u308b\u3068\u3044\u3046\u4e88\u60f3\u306b\u5bfe\u3059\u308b\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u8449\u3092\u601d\u3044\u51fa\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38482\" data-type=\"post\" data-id=\"38482\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u308a\u904e\u304e\u3066\u30c7\u30d5\u30ec\u306b\u306a\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4f55\u65452%\u3067\u6b62\u307e\u308b\u306e\u304b\uff1f\u3000\u305d\u3053\u306b\u4f55\u304b\u9b54\u6cd5\u3067\u3082\u3042\u308b\u306e\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u53bb\u5e74\u306e9%\u304b\u30892%\u307e\u3067\u6025\u964d\u4e0b\u3059\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u305d\u306e\u307e\u307e\u30de\u30a4\u30ca\u30b9\u307e\u3067\u884c\u3063\u3066\u3057\u307e\u3046\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u672c\u5f53\u306b\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u304c\u4f5c\u7528\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u305d\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u4eca\u5f8c\u6570\u30f6\u6708\u306e\u30b3\u30a2\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u8cc3\u91d1\u30a4\u30f3\u30d5\u30ec\u306b\u8868\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u4f55\u5ea6\u3082\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u8cc3\u91d1\u304c\u6e1b\u901f\u3059\u308b\u306e\u3067\u3042\u308c\u3070\u3044\u305a\u308c\u500b\u4eba\u6d88\u8cbb\u304c\u6e1b\u901f\u3057\u3001\u6700\u7d42\u7684\u306b\u306fGDP\u304c\u6e1b\u901f\u3057\u3066\u304f\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u304b\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b<\/strong><\/p>\n\n\n\n<p>\u4eca\u5f8c\u6570\u30f6\u6708\u306e\u30c7\u30fc\u30bf\u3067\u30a4\u30f3\u30d5\u30ec\u306e\u30c0\u30a6\u30f3\u30c8\u30ec\u30f3\u30c9\u304c\u78ba\u5b9a\u3059\u308c\u3070\u3001\u5e02\u5834\u306f\u5229\u4e0b\u3052\u3092\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u8cc3\u91d1\u304c\u6d88\u8cbb\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u6d88\u8cbb\u304cGDP\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u307e\u3067\u306b\u306f\u307e\u3060\u6642\u9593\u304c\u3042\u308b\u3002\u305d\u308c\u304c\u6765\u308b\u524d\u306b\u5229\u4e0b\u3052\u304c\u7e54\u308a\u8fbc\u307e\u308c\u59cb\u3081\u305f\u5834\u5408\u3001\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3088\u308a\u3082\u3080\u3057\u308d\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306b\u7e4b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28683\" data-type=\"post\" data-id=\"28683\">\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u3001\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3067\u91d1\u4fa1\u683c\u9ad8\u9a30\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u9577\u77ed\u91d1\u5229\u5dee\u306e\u518d\u4e0a\u6607\u306f\u666e\u901a\u306a\u3089\u3070\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306b\u5099\u3048\u308b\u3079\u304d\u72b6\u6cc1\u3067\u3042\u308b\u3002\u3060\u304c\u4eca\u306e\u72b6\u6cc1\u304b\u3089\u8003\u3048\u308c\u3070\u3001\u5c11\u306a\u304f\u3068\u3082\u8cc3\u91d1\u304a\u3088\u3073\u6d88\u8cbb\u306e\u6e1b\u901f\u304c\u6765\u308b\u307e\u3067\u306f\u91d1\u5229\u4f4e\u4e0b\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u518d\u6765\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u8b66\u6212\u3059\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u65b0\u305f\u306aGDP\u306e\u767a\u8868\u306f\u3042\u30683\u30f6\u6708\u307b\u3069\u7121\u3044\u306e\u3067\u3001\u5c11\u306a\u304f\u3068\u3082\u305d\u308c\u307e\u3067\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304c\u7e54\u308a\u8fbc\u307e\u308c\u308b\u53ef\u80fd\u6027\u306f\u9650\u3089\u308c\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u6d88\u8cbb\u306e\u6e1b\u901f\u304c\u6765\u305f\u3068\u304d\u306b\u306f\u3001\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u61f8\u5ff5\u3059\u3079\u304d\u72b6\u6cc1\u304c\u59cb\u307e\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37318\" data-type=\"post\" data-id=\"37318\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u305d\u308c\u3067\u3082\u7c73\u56fd\u7d4c\u6e08\u306f\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u4f4e\u91d1\u5229\u3068\u30c9\u30eb\u5b89\u3068\u8a00\u3063\u305f\u304c\u3001\u300c\u91d1\u5229\u300d\u306e\u610f\u5473\u3059\u308b\u3068\u3053\u308d\u306f\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38774\" data-type=\"post\" data-id=\"38774\">\u7c73\u56fd\u306e\u91d1\u5229\u4f4e\u4e0b\u30fb\u30c9\u30eb\u5b89\u30c8\u30ec\u30f3\u30c9\u304c\u6570\u30f6\u6708\u4ee5\u5185\u306b\u78ba\u5b9a\u3059\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5229\u4e0b\u3052\u7e54\u308a\u8fbc\u307f\u306a\u3089\u771f\u3063\u5148\u306b\u4f4e\u4e0b\u3059\u308b\u306e\u306f\u77ed\u671f\u91d1\u5229\u3060\u304c\u3001\u305d\u306e\u6642\u9577\u671f\u91d1\u5229\u304c\u540c\u3058\u3060\u3051\u4e0b\u304c\u308b\u304b\u3069\u3046\u304b\u306f\u5206\u304b\u3089\u306a\u3044\u3002\u9577\u77ed\u91d1\u5229\u5dee\u306f\u518d\u4e0a\u6607\u3067\u52d5\u304f\u3060\u308d\u3046\u304b\u3089\u3067\u3042\u308b\u3002\u30c9\u30eb\u306b\u3064\u3044\u3066\u306f\u305d\u306e\u3088\u3046\u306b\u52d5\u304f\u9577\u671f\u91d1\u5229\u304b\u3089\u3001\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5f15\u3044\u305f\u5b9f\u8cea\u91d1\u5229\u671f\u5f85\u306b\u5de6\u53f3\u3055\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u6d88\u8cbb\u306e\u6e1b\u901f\u304c\u6765\u308b\u307e\u3067\u306f\u3001\u91d1\u5229\u3068\u30c9\u30eb\u306e\u4ed6\u306b\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306b\u3082\u6ce8\u76ee\u3059\u3079\u304d\u3060\u308d\u3046\u3002\u5e02\u5834\u304c\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u308b\u307e\u3067\u306f\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306b\u306f\u8ffd\u3044\u98a8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38553\" data-type=\"post\" data-id=\"38553\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30c9\u30eb\u5b89\u306f\u59cb\u307e\u3063\u305f\u3001\u91d1\u5229\u306f\u4e0b\u304c\u308a\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u4e0a\u304c\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38325\" data-type=\"post\" data-id=\"38325\">\u30a6\u30e9\u30f3\u6295\u8cc7\u306e\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb: 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