{"id":46350,"date":"2024-03-22T20:21:06","date_gmt":"2024-03-22T11:21:06","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=46350"},"modified":"2024-03-22T20:21:08","modified_gmt":"2024-03-22T11:21:08","slug":"%e6%99%af%e6%b0%97%e5%be%8c%e9%80%80%e5%af%b8%e5%89%8d%e3%81%a7%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%ab%e7%9b%b4%e9%9d%a2%e3%81%99%e3%82%8b%e6%97%a5%e6%9c%ac%e7%b5%8c%e6%b8%88%e3%80%81%e4%b8%8d%e5%8b%95","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/46350","title":{"rendered":"\u666f\u6c17\u5f8c\u9000\u5bf8\u524d\u3067\u5229\u4e0a\u3052\u306b\u76f4\u9762\u3059\u308b\u65e5\u672c\u7d4c\u6e08\u3001\u4e0d\u52d5\u7523\u5e02\u5834\u306e\u66b4\u843d\u306f\u4e0d\u53ef\u907f\u304b"},"content":{"rendered":"\n<p>3\u670819\u65e5\u3001\u65e5\u672c\u9280\u884c\u306f17\u5e74\u3076\u308a\u306e\u5229\u4e0a\u3052\u3092\u5b9f\u884c\u3057\u305f\u3002\u65e5\u672c\u306e\u653f\u7b56\u91d1\u5229\u306f-0.1%\u304b\u30890.1%\u3068\u306a\u308a\u3001\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u306f\u89e3\u9664\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u89e3\u9664\u304c\u6c7a\u5b9a\u3055\u308c\u305f\u65e5\u9280\u306e\u653f\u7b56\u6c7a\u5b9a\u4f1a\u5408\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u5831\u3058\u3066\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/46230\" data-type=\"post\" data-id=\"46230\">\u65e5\u9280\u3001\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u3068ETF\u8cb7\u3044\u5165\u308c\u3092\u7d42\u4e86\u3001\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3092\u8996\u91ce\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u4eca\u56de\u8ad6\u3058\u308b\u306e\u306f\u91d1\u878d\u653f\u7b56\u3088\u308a\u3082\u3080\u3057\u308d\u65e5\u672c\u306e\u5b9f\u4f53\u7d4c\u6e08\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u5f15\u304d\u7de0\u3081\u3092\u7d99\u7d9a\u3059\u308b\u3064\u3082\u308a\u306e\u690d\u7530\u7dcf\u88c1<\/strong><\/p>\n\n\n\n<p>\u4f1a\u5408\u5f8c\u306e\u8a18\u4e8b\u3067\u5831\u3058\u305f\u901a\u308a\u3001\u65e5\u9280\u306e\u690d\u7530\u7dcf\u88c1\u306f\u4eca\u5f8c\u3082\u5229\u4e0a\u3052\u3092\u7d99\u7d9a\u3059\u308b\u3064\u3082\u308a\u3067\u3042\u308b\u3002\u5f7c\u306f\u540c\u6642\u306b\u91cf\u7684\u7de9\u548c\u306e\u505c\u6b62\u306b\u3082\u8a00\u53ca\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4e00\u65b9\u3067\u3001\u65e5\u672c\u7d4c\u6e08\u306f\u6c88\u307f\u3064\u3064\u3042\u308b\u3002\u5b9f\u8ceaGDP\u6210\u9577\u7387\u306f\u524d\u671f\u6bd4\u5e74\u7387\uff08\u4ee5\u4e0b\u540c\u3058\uff09\u3067\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2023\u5e74\u7b2c1\u56db\u534a\u671f:<\/strong> 4.0%<\/li>\n\n\n\n<li><strong>2023\u5e74\u7b2c2\u56db\u534a\u671f:<\/strong> 4.2%<\/li>\n\n\n\n<li><strong>2023\u5e74\u7b2c3\u56db\u534a\u671f:<\/strong> -3.2%<\/li>\n\n\n\n<li><strong>2023\u5e74\u7b2c4\u56db\u534a\u671f:<\/strong> 0.4%<\/li>\n<\/ul>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u6e1b\u901f\u306e\u7406\u7531\u306f\u6d88\u8cbb\u3067\u3042\u308b\u3002\u5b9f\u8cea\u500b\u4eba\u6d88\u8cbb\u306e\u6210\u9577\u7387\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2023\u5e74\u7b2c1\u56db\u534a\u671f:<\/strong> 3.1%<\/li>\n\n\n\n<li><strong>2023\u5e74\u7b2c2\u56db\u534a\u671f:<\/strong> -2.7%<\/li>\n\n\n\n<li><strong>2023\u5e74\u7b2c3\u56db\u534a\u671f:<\/strong> -1.4%<\/li>\n\n\n\n<li><strong>2023\u5e74\u7b2c4\u56db\u534a\u671f:<\/strong> -1.0%<\/li>\n<\/ul>\n\n\n\n<p>\u500b\u4eba\u6d88\u8cbb\u306fGDP\u5168\u4f53\u3088\u308a\u3082\u5148\u306b\u30de\u30a4\u30ca\u30b9\u306b\u6c88\u3093\u3067\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u6d88\u8cbb\u8005\u306f\u6d88\u8cbb\u304c\u3067\u304d\u306a\u3044\u3002\u81ea\u6c11\u515a\u306b\u793e\u4f1a\u4fdd\u967a\u6599\u3067\u7d66\u6599\u309230%\uff0815%\u3067\u306f\u306a\u3044\uff09\u5929\u5f15\u304d\u3055\u308c\u3001\u305d\u308c\u306b\u52a0\u3048\u3066\u6570\u5341\u30d1\u30fc\u30bb\u30f3\u30c8\u306e\u6240\u5f97\u7a0e\u3068\u4f4f\u6c11\u7a0e\u3092\u652f\u6255\u3044\u3001\u305d\u306e\u4e0a10%\u306e\u6d88\u8cbb\u7a0e\u3092\u6255\u308f\u306a\u3051\u308c\u3070\u6d88\u8cbb\u3067\u304d\u306a\u3044\u306e\u3060\u304b\u3089\u3001\u56fd\u6c11\u306e\u624b\u5143\u306b\u306f\u53ce\u5165\u306e30%\u7a0b\u5ea6\u3057\u304b\u6b8b\u3063\u3066\u3044\u306a\u3044\u8a08\u7b97\u306b\u306a\u308b\u3002\u7b46\u8005\u306b\u3068\u3063\u3066\u306f\u65e5\u672c\u3067\u88ab\u96c7\u7528\u8005\u306b\u306a\u308b\u9078\u629e\u80a2\u306f\u6709\u308a\u5f97\u306a\u3044\u304c\u3001\u591a\u304f\u306e\u65e5\u672c\u4eba\u304c\u305d\u306e\u9053\u3092\u9078\u3093\u3067\u3044\u308b\u3002\u30de\u30be\u306a\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u305b\u3088\u3001\u690d\u7530\u7dcf\u88c1\u306f\u65e5\u672c\u7d4c\u6e08\u304c\u6d88\u8cbb\u304b\u3089\u5148\u306b\u6c88\u3093\u3067\u3044\u308b\u72b6\u614b\u3067\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u306e\u5229\u4e0a\u3052\u3092\u884c\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u666f\u6c17\u5f8c\u9000\u5bf8\u524d\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081<\/strong><\/p>\n\n\n\n<p>\u690d\u7530\u6c0f\u306f\u6050\u3089\u304f\u5229\u4e0a\u3052\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u5f85\u3061\u3059\u304e\u305f\u3002\u3082\u3063\u3068\u666f\u6c17\u306e\u826f\u3044\u6642\u306b\u3084\u3063\u3066\u3057\u307e\u3046\u3079\u304d\u3060\u3063\u305f\u306e\u3067\u3042\u308b\u3002\u3088\u308a\u65e9\u671f\u306b\u7d20\u65e9\u304f\u5229\u4e0a\u3052\u3059\u308c\u3070\u3001\u5186\u5b89\u3082\u53ce\u307e\u308a\u8f38\u5165\u7269\u4fa1\u306e\u4e0b\u843d\u306b\u3088\u3063\u3066\u65e5\u672c\u56fd\u6c11\u306e\u751f\u6d3b\u3082\u3044\u304f\u3089\u304b\u30de\u30b7\u306b\u306a\u3063\u305f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u690d\u7530\u6c0f\u306f\u5229\u4e0a\u3052\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u3002\u305d\u3046\u3057\u306a\u3051\u308c\u3070\u30c9\u30eb\u5186\u306e\u4e0a\u6607\u306f\u6b62\u307e\u3089\u306a\u3044\u3057\uff08\u4eca\u3067\u3082\u5229\u4e0a\u3052\u306e\u901f\u5ea6\u304c\u8db3\u3089\u305a\u6b62\u307e\u3063\u3066\u3044\u306a\u3044\uff09\u3001\u30a4\u30f3\u30d5\u30ec\u3082\u4eca\u3084\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u305d\u308c\u307b\u3069\u5909\u308f\u3089\u306a\u3044\u72b6\u6cc1\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u5229\u4e0a\u3052\u306e\u5224\u65ad\u306f\u9045\u304b\u3063\u305f\u304c\u3001\u305d\u308c\u3067\u3082\u65e5\u672c\u3088\u308a\u306f\u3088\u307b\u3069\u65e9\u304f\u5229\u4e0a\u3052\u306b\u52d5\u3044\u305f\u305f\u3081\u3001\u5927\u304d\u304f\u5229\u4e0a\u3052\u3057\u3066\u3082\u7d4c\u6e08\u304c\u305d\u308c\u307b\u3069\u6c88\u3093\u3067\u3044\u306a\u3044\u72b6\u6cc1\u304c\u7d9a\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u65e5\u672c\u306e\u5229\u4e0a\u3052\u958b\u59cb\u306f\u30a2\u30e1\u30ea\u30ab\u3068\u306f\u72b6\u6cc1\u304c\u9055\u3046\u3002\u500b\u4eba\u6d88\u8cbb\u304c\u6c88\u3093\u3067\u3044\u308b\u3053\u3068\u3082\u305d\u3046\u3060\u304c\u3001\u7b46\u8005\u304c\u4e00\u756a\u61f8\u5ff5\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u904e\u71b1\u3057\u3066\u3044\u305f\u4f4f\u5b85\u30d0\u30d6\u30eb\u3092\u6291\u3048\u308b\u5f62\u3067\u5229\u4e0a\u3052\u304c\u958b\u59cb\u3055\u308c\u305f\u4e00\u65b9\u3067\u3001\u65e5\u672c\u3067\u306f\u4f4f\u5b85\u5e02\u5834\u304c\u65e2\u306b\u6b7b\u306b\u304b\u3051\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u306e\u6771\u8a3cREIT\u6307\u6570<\/strong><\/p>\n\n\n\n<p>\u4f4f\u5b85\u5e02\u5834\u304c\u6b7b\u306b\u304b\u3051\u3066\u3044\u308b\u3068\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u304b\u3002\u65e5\u672c\u3067\u306f\u5305\u62ec\u7684\u306a\u4e0d\u52d5\u7523\u4fa1\u683c\u306e\u7d71\u8a08\u306f\u5e741\u56de\u306e\u5730\u4fa1\u516c\u793a\u304f\u3089\u3044\u3057\u304b\u306a\u3044\u304c\u3001\u305d\u306e\u4ee3\u308f\u308a\u306b\u307b\u307c\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u306e\u6570\u5b57\u3068\u3057\u3066\u6771\u8a3cREIT\u6307\u6570\u3092\u4f7f\u3046\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<p>\u6771\u8a3cREIT\u6307\u6570\u306f\u6771\u8a3c\u306b\u4e0a\u5834\u3059\u308bREIT\uff08\u4e0d\u52d5\u7523\u6295\u8cc7\u4fe1\u8a17\uff09\u306e\u6307\u6570\u3067\u3042\u308a\u3001\u4e0a\u5834\u3057\u3066\u3044\u308bREIT\u304c\u4fdd\u6709\u3059\u308b\u4e0d\u52d5\u7523\u306e\u4fa1\u683c\u306e\u96c6\u5408\u4f53\u3068\u8a00\u3063\u3066\u826f\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u7b46\u8005\u306f\u968f\u5206\u524d\u304b\u3089\u3053\u308c\u3092\u61f8\u5ff5\u3057\u3066\u3044\u305f\u306e\u3060\u304c\u3001\u6771\u8a3cREIT\u6307\u6570\u306f\u5b9f\u306f\u30b3\u30ed\u30ca\u524d\u306e\u4fa1\u683c\u6c34\u6e96\u3092\u5927\u5e45\u306b\u4e0b\u56de\u3063\u305f\u307e\u307e\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\/2024\/03\/2024-3-22-tse-reit-index-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"565\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-tse-reit-index-long-term-chart.png\" alt=\"\" class=\"wp-image-46371\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-tse-reit-index-long-term-chart.png 697w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-tse-reit-index-long-term-chart-300x243.png 300w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u66b4\u843d\u306e\u3042\u30682021\u5e74\u306b\u306f\u4e00\u6642\u56de\u5fa9\u3057\u305f\u3082\u306e\u306e\u3001\u305d\u306e\u5f8c\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u304c\u7d9a\u3044\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4e0d\u52d5\u7523\u4fa1\u683c\u4e0b\u843d\u306e\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u6570\u5e74\u4e0d\u52d5\u7523\u304c\u4e0d\u8abf\u306a\u306e\u306f\u3001\u660e\u3089\u304b\u306b\u91d1\u5229\u306e\u305b\u3044\u3067\u3042\u308b\u3002\u5148\u65e5\u3064\u3044\u306b\u65e5\u9280\u304c\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u3092\u89e3\u9664\u3057\u305f\u304c\u3001\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306f\u305d\u308c\u3088\u308a\u524d\u304b\u3089\u59cb\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u306e\u9577\u671f\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\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\/2024\/03\/2024-3-22-japan-10-year-government-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"565\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-japan-10-year-government-bond-yield-chart.png\" alt=\"\" class=\"wp-image-46373\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-japan-10-year-government-bond-yield-chart.png 697w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-japan-10-year-government-bond-yield-chart-300x243.png 300w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/a><\/figure>\n\n\n\n<p>\u7b46\u8005\u3084\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306a\u3069\u306f\u3001\u3053\u306e\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\uff08\u3064\u307e\u308a\u9577\u671f\u56fd\u50b5\u306e\u4fa1\u683c\u4e0b\u843d\uff09\u3092\u4e88\u60f3\u3057\u3066\u65e5\u672c\u56fd\u50b5\u3092\u7a7a\u58f2\u308a\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36355\" data-type=\"post\" data-id=\"36355\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u65e5\u672c\u306e\u30a4\u30f3\u30d5\u30ec\u3067\u65e5\u672c\u56fd\u50b5\u3092\u7a7a\u58f2\u308a (2023\/5\/2)<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34200\" data-type=\"post\" data-id=\"34200\">\u65e5\u672c\u56fd\u50b5\u306e\u7a7a\u58f2\u308a\u3092\u958b\u59cb\u3001\u690d\u7530\u65b0\u7dcf\u88c1\u3067\u9577\u671f\u91d1\u5229\u4e0a\u6607\u3092\u4e88\u60f3 (2023\/3\/2)<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u9577\u671f\u91d1\u5229\u3068\u4e0d\u52d5\u7523\u4fa1\u683c<\/strong><\/p>\n\n\n\n<p>\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306f\u4e0d\u52d5\u7523\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u682a\u5f0f\u5e02\u5834\u3084\u65e5\u672c\u7d4c\u6e08\u5168\u4f53\u306b\u3068\u3063\u3066\u3082\u30de\u30a4\u30ca\u30b9\u306e\u306f\u305a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4f8b\u3048\u3070\u682a\u5f0f\u5e02\u5834\u306f\u3001\u3042\u308b\u7a0b\u5ea6\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u3092\u7121\u8996\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u91d1\u5229\u306e\u4e0a\u6607\u3092\u7121\u8996\u3057\u305f\u682a\u9ad8\u304c\u7d9a\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/43033\" data-type=\"post\" data-id=\"43033\">2024\u5e74\u306e\u7c73\u56fd\u682a\u306e\u63a8\u79fb\u4e88\u60f3 (2024\/1\/2)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u306f\u3001\u682a\u5f0f\u5e02\u5834\u304c\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u3092\u3059\u3050\u306b\u53cd\u6620\u3059\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u5e02\u5834\u3060\u304b\u3089\u3067\u3042\u308b\u3002\u307e\u305f\u3001\u7d4c\u6e08\u5168\u4f53\u304c\u305f\u3060\u3061\u306b\u91d1\u5229\u4e0a\u6607\u306e\u5f71\u97ff\u3092\u53d7\u3051\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u4e00\u65b9\u3067\u3001\u7d4c\u6e08\u306e\u4e2d\u306b\u306f\u91d1\u5229\u4e0a\u6607\u306e\u5f71\u97ff\u3092\u3059\u3050\u306b\u53d7\u3051\u3066\u3057\u307e\u3046\u7523\u696d\u304c\u5b58\u5728\u3059\u308b\u3002\u305d\u306e\u7b46\u982d\u304c\u4e0d\u52d5\u7523\u5e02\u5834\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9577\u671f\u91d1\u5229\u306f\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u91d1\u5229\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308c\u3070\u4f4f\u5b85\u8cfc\u5165\u8005\u306e\u8cfc\u5165\u610f\u6b32\u306b\u76f4\u63a5\u5f71\u97ff\u3059\u308b\u305f\u3081\u3001\u682a\u5f0f\u5e02\u5834\u304c\u4e00\u5b9a\u671f\u9593\u91d1\u5229\u3092\u7121\u8996\u3067\u304d\u305f\u3068\u3057\u3066\u3082\u3001\u4e0d\u52d5\u7523\u5e02\u5834\u306f\u91d1\u5229\u3092\u7121\u8996\u3067\u304d\u306a\u3044\u3002\u3060\u304b\u3089\u6771\u8a3cREIT\u6307\u6570\u306f\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u5229\u611f\u5fdc\u5ea6<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u3068\u3057\u3066\u3082\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044\u696d\u754c\u3068\u53d7\u3051\u306b\u304f\u3044\u696d\u754c\u304c\u5b58\u5728\u3059\u308b\u3002\u305d\u308c\u304c\u91d1\u878d\u653f\u7b56\u306e\u554f\u984c\u3067\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u306e\u305f\u3081\u653f\u7b56\u91d1\u5229\u30925%\u4ee5\u4e0a\u4e0a\u3052\u3066\u3082\u7d4c\u6e08\u5168\u4f53\u306f\u307e\u3060\u6301\u3061\u3053\u305f\u3048\u3066\u3044\u308b\u304c\u3001\u5c40\u6240\u7684\u306b\u898b\u308c\u3070\u6b7b\u3093\u3060\u696d\u754c\u3082\u5b58\u5728\u3059\u308b\u3002\u305d\u308c\u306f\u53bb\u5e74\u6625\u306b\u7acb\u3066\u7d9a\u3051\u306b\u5012\u7523\u3057\u305f\u5730\u65b9\u9280\u884c\u3067\u3042\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 (2023\/3\/13)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u591a\u304f\u306e\u9280\u884c\u304c\u56fd\u50b5\u91d1\u5229\u306e\u4e0a\u6607\uff08\u3064\u307e\u308a\u4fdd\u6709\u56fd\u50b5\u306e\u4fa1\u683c\u4e0b\u843d\uff09\u3067\u6f70\u308c\u308b\u3053\u3068\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u3067\u3082\u540c\u3058\u3053\u3068\u304c\u8d77\u304d\u308b\u3060\u308d\u3046\u304b\u3002\u30a4\u30f3\u30d5\u30ec\u306e\u5ea6\u5408\u3044\u3082\u9055\u3046\u305f\u3081\u3001\u9280\u884c\u304c\u7aae\u5730\u306b\u9665\u308b\u307b\u3069\u306e\u5229\u4e0a\u3052\u306f\u8d77\u3053\u3089\u306a\u3044\u3068\u7b46\u8005\u306f\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3001\u91d1\u878d\u653f\u7b56\u306f\u7d4c\u6e08\u5168\u4f53\u306b\u4f5c\u7528\u3059\u308b\u305f\u3081\u3001\u5c40\u6240\u7684\u306b\u8106\u5f31\u306a\u30bb\u30af\u30bf\u30fc\u3092\u907f\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u3002\u91d1\u5229\u611f\u5fdc\u5ea6\u306e\u9ad8\u3044\u696d\u754c\u306f\u7d4c\u6e08\u5168\u4f53\u3088\u308a\u5148\u306b\u6b7b\u3093\u3067\u3086\u304f\u304c\u3001\u7d4c\u6e08\u5168\u4f53\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u53ce\u307e\u3089\u306a\u3044\u9650\u308a\u4e2d\u592e\u9280\u884c\u306f\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u3056\u308b\u3092\u5f97\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u5730\u65b9\u9280\u884c\u304c\u8ed2\u4e26\u307f\u5012\u7523\u3057\u305f\u3088\u3046\u306b\u3001\u305d\u3046\u3057\u305f\u30bb\u30af\u30bf\u30fc\u306e\u6b7b\u3092\u9ed9\u8a8d\u3057\u306a\u3044\u304b\u304e\u308a\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u3048\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u65e5\u672c\u3067\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u72a0\u7272\u3068\u306a\u308b\u30bb\u30af\u30bf\u30fc\u304c\u3001\u3082\u3057\u304b\u3057\u305f\u3089\u4e0d\u52d5\u7523\u5e02\u5834\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u7b46\u8005\u306f\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u4f4f\u5b85\u5e02\u5834\u306f\u6b7b\u306a\u306a\u304b\u3063\u305f\u3002\u30b3\u30ed\u30ca\u5f8c\u306e\u83ab\u5927\u306a\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u3080\u3057\u308d\u904e\u71b1\u3057\u3066\u3044\u305f\u4f4f\u5b85\u5e02\u5834\u3092\u6291\u3048\u308b\u5f62\u3067\u5229\u4e0a\u3052\u304c\u59cb\u307e\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u65e5\u672c\u3067\u306f\u5229\u4e0a\u3052\u306e\u958b\u59cb\u6642\u70b9\u3067\u6771\u8a3cREIT\u6307\u6570\u306f\u589c\u843d\u3057\u3066\u3044\u308b\u3002\u3060\u304c\u30a4\u30f3\u30d5\u30ec\u304c\u7d9a\u304f\u9650\u308a\u3001\u65e5\u9280\u306f\u305d\u308c\u3092\u7121\u8996\u3057\u3066\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306f\u5c11\u306a\u304f\u3068\u3082\u4f55\u51e6\u304b\u306e\u30bb\u30af\u30bf\u30fc\u3092\u898b\u6bba\u3057\u306b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u6771\u8a3cREIT\u6307\u6570\u306f\u3001\u77ed\u671f\u7684\u306b\u306f\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u89e3\u9664\u307e\u3067\u306e\u6750\u6599\u51fa\u5c3d\u304f\u3057\u3067\u53cd\u767a\u3057\u3066\u3044\u308b\u3002\u77ed\u671f\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\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\/2024\/03\/2024-3-22-tse-reit-index-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"565\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-tse-reit-index-chart.png\" alt=\"\" class=\"wp-image-46390\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-tse-reit-index-chart.png 697w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-3-22-tse-reit-index-chart-300x243.png 300w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" 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href=\"https:\/\/amzn.to\/3TN8AnR\" data-type=\"link\" data-id=\"https:\/\/amzn.to\/3TN8AnR\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u30bc\u30ed\u91d1\u5229\u3068\u306e\u95d8\u3044<\/a>\u300f\u306a\u3069\u3001\u690d\u7530\u7dcf\u88c1\u306e\u8457\u66f8\u3092\u8aad\u307f\u306a\u304c\u3089\u690d\u7530\u6c0f\u306e\u8003\u3048\u3092\u6df1\u304f\u77e5\u308b\u5fc5\u8981\u3082\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<a href=\"https:\/\/amzn.to\/498jJnQ\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/81Pk7hrb2EL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/498jJnQ\" target=\"_blank\" rel=\"noreferrer 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class=\"screen-reader-text\">\u666f\u6c17\u5f8c\u9000\u5bf8\u524d\u3067\u5229\u4e0a\u3052\u306b\u76f4\u9762\u3059\u308b\u65e5\u672c\u7d4c\u6e08\u3001\u4e0d\u52d5\u7523\u5e02\u5834\u306e\u66b4\u843d\u306f\u4e0d\u53ef\u907f\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":[111,14],"tags":[],"class_list":["post-46350","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-japanese-stock-market"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/46350","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=46350"}],"version-history":[{"count":60,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/46350\/revisions"}],"predecessor-version":[{"id":46413,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/46350\/revisions\/46413"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=46350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=46350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=46350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}