{"id":6066,"date":"2017-04-14T20:04:25","date_gmt":"2017-04-14T11:04:25","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=6066"},"modified":"2017-04-14T16:45:12","modified_gmt":"2017-04-14T07:45:12","slug":"%e3%83%93%e3%83%ab%e3%83%bb%e3%82%b0%e3%83%ad%e3%82%b9%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%82%82%e3%82%b8%e3%83%a3%e3%83%b3%e3%82%af%e5%82%b5%e3%82%82%e9%ab%98%e9%81%8e%e3%81%8e%e3%82%8b%e3%80%81","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6066","title":{"rendered":"\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f: \u7c73\u56fd\u682a\u3082\u30b8\u30e3\u30f3\u30af\u50b5\u3082\u9ad8\u904e\u304e\u308b\u3001\u7d4c\u6e08\u6210\u9577\u306f\u904e\u53bb\u306e\u3082\u306e"},"content":{"rendered":"<p>\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u3067\u682a\u9ad8\u3001\u91d1\u5229\u9ad8\u3068\u306a\u3063\u305f\u91d1\u878d\u5e02\u5834\u306b\u8b66\u9418\u3092\u9cf4\u3089\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5903\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u30aa\u30d0\u30de\u30b1\u30a2\u4ee3\u66ff\u6cd5\u6848\u304c\u5426\u6c7a\u306a\u3089\u7c73\u56fd\u682a\u6025\u843d\u3078<\/a><\/li>\n<\/ul>\n<p>\u3082\u3046\u4e00\u4eba\u306e\u8457\u540d\u50b5\u5238\u6295\u8cc7\u5bb6\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u3082\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u5dfb\u304d\u623b\u3057\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u91d1\u878d\u5e02\u5834\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u653f\u7b56\u5b9f\u884c\u80fd\u529b\u3092\u7591\u554f\u8996\u3057\u59cb\u3081\u3066\u3044\u308b\u306a\u304b\u3001\u30b0\u30ed\u30b9\u6c0f\u306f\u3088\u308a\u9577\u671f\u7684\u306a\u8996\u70b9\u304b\u3089\u8b66\u544a\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><!--more--><strong>\u9577\u671f\u505c\u6ede\u8ad6\u518d\u3073<\/strong><\/p>\n<p>\u30b0\u30ed\u30b9\u6c0f\u304cJanus Capital\u306e\u6708\u9593\u6295\u8cc7\u30ec\u30dd\u30fc\u30c8\uff08<a href=\"https:\/\/www.janus.com\/insights\/bill-gross-investment-outlook\" target=\"_blank\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3067\u4e3b\u5f35\u3059\u308b\u306e\u306f\u3001\u4eca\u306e\u5148\u9032\u56fd\u7d4c\u6e08\u304b\u3089\u4ee5\u524d\u306e\u3088\u3046\u306a\u9ad8\u3044\u7d4c\u6e08\u6210\u9577\u3084\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3053\u308c\u306f\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u4ee5\u524d\u3001\u307b\u3068\u3093\u3069\u3059\u3079\u3066\u306e\u8457\u540d\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u5171\u901a\u8a8d\u8b58\u3067\u3042\u3063\u305f\u9577\u671f\u505c\u6ede\u8ad6\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2489\">\u5143\u7c73\u56fd\u8ca1\u52d9\u9577\u5b98\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u9577\u671f\u505c\u6ede\u8ad6\u3068\u306f\u4f55\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n<p>\u30b0\u30ed\u30b9\u6c0f\u306f\u3053\u3046\u8a9e\u308b\u3002<\/p>\n<blockquote><p>\u682a\u5f0f\u5e02\u5834\u306f\u3042\u307e\u308a\u306b\u591a\u304f\u3092\u671f\u5f85\u3057\u3066\u304a\u308a\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u306f\u3042\u307e\u308a\u306b\u9ad8\u3044\u7d4c\u6e08\u6210\u9577\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3002\u3053\u3046\u3057\u305f\u8cc7\u7523\u4fa1\u683c\u306f\u4eba\u5de5\u7684\u306a\u3082\u306e\u3067\u3042\u308a\u3001\u904e\u53bb6\u5e74\u304b\u3042\u308b\u3044\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306e\u3088\u3046\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u4eca\u5f8c\u3082\u5f97\u3089\u308c\u308b\u3068\u3044\u3046\u5148\u5165\u89b3\u306b\u5f71\u97ff\u3055\u308c\u305f\u6295\u8cc7\u5bb6\u304c\u3001\u305d\u306e\u6c34\u6e96\u3092\u59a5\u5f53\u3060\u3068\u4fe1\u3058\u3066\u3044\u308b\u306b\u904e\u304e\u306a\u3044\u3002<\/p><\/blockquote>\n<p>\u3067\u306f\u3001\u73fe\u5728\u306e\u91d1\u878d\u5e02\u5834\u304c\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u304b\u3001\u3082\u3046\u4e00\u5ea6\u9577\u671f\u7684\u306a\u6c34\u6e96\u3092\u898b\u3066\u3086\u3053\u3046\u3002\u5148\u305a\u306f\u682a\u5f0f\u5e02\u5834\u3060\u304c\u3001\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306b\u7591\u5ff5\u304c\u751f\u3058\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5e02\u5834\u6700\u9ad8\u5024\u4ed8\u8fd1\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-s-and-p-500-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6070\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-s-and-p-500-long-term-chart.png\" alt=\"\" width=\"600\" height=\"402\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-s-and-p-500-long-term-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-s-and-p-500-long-term-chart-300x201.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>\u305d\u3057\u3066\u6b21\u306b\u30b8\u30e3\u30f3\u30af\u50b5\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306f\u30b8\u30e3\u30f3\u30af\u50b5\u3092\u96c6\u3081\u305fETF\u306e\u30c1\u30e3\u30fc\u30c8\u3068\u306a\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6068\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png\" alt=\"\" width=\"600\" height=\"402\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart-300x201.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>\u3088\u308a\u91cd\u8981\u306a\u306e\u306f\u5229\u56de\u308a\uff08\u3064\u307e\u308a\u91d1\u5229\uff09\u3060\u304c\u3001\u3053\u306e\u4fa1\u683c\u6c34\u6e96\u3067\u5229\u56de\u308a\u306f5%\u7a0b\u5ea6\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u5012\u7523\u306e\u30ea\u30b9\u30af\u304c\u5927\u3044\u306b\u3042\u308b\u50b5\u5238\u306eETF\uff08\u3064\u307e\u308a\u306f\u5bc4\u305b\u96c6\u3081\uff09\u306e5%\u3068\u3044\u3046\u5229\u56de\u308a\u306e\u7d76\u5bfe\u5024\u305d\u306e\u3082\u306e\u3092\u3001\u9ad8\u3044\u3042\u308b\u3044\u306f\u4f4e\u3044\u3068\u53b3\u5bc6\u306b\u8a55\u4fa1\u3059\u308b\u306e\u306f\u73fe\u5b9f\u7684\u3067\u306f\u306a\u3044\u3002\u305d\u306e\u4e2d\u306b\u306f\u30ea\u30b9\u30af\u306e\u7570\u306a\u308b\u69d8\u3005\u306a\u4f01\u696d\u306e\u50b5\u5238\u304c\u542b\u307e\u308c\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30b8\u30e3\u30f3\u30af\u50b5ETF\u304c\u4e3b\u306b\u7c73\u56fd\u306e\u30b7\u30a7\u30fc\u30eb\u4f01\u696d\u306e\u767a\u884c\u3059\u308b\u9ad8\u5229\u56de\u308a\u50b5\u3067\u69cb\u6210\u3055\u308c\u308b\u3053\u3068\u3092\u8003\u3048\u308c\u3070\u3001\u3053\u306eETF\u306e\u682a\u4fa1\u304c2010\u5e74\u304b\u30892015\u5e74\u307e\u3067\u306e\u6c34\u6e96\u306b\u8089\u8584\u3059\u308b\u3053\u3068\u304c\u4e0d\u81ea\u7136\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u6b21\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u308c\u3070\u660e\u3089\u304b\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-wti-crude-oil-price-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6069\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-wti-crude-oil-price-long-term-chart.png\" alt=\"\" width=\"600\" height=\"402\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-wti-crude-oil-price-long-term-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/04\/2017-4-14-wti-crude-oil-price-long-term-chart-300x201.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>\u3064\u307e\u308a\u306f\u539f\u6cb9\u4fa1\u683c\u3067\u3042\u308b\u3002<\/p>\n<p>\u5404\u793e\u306e\u6c7a\u7b97\u3092\u898b\u308c\u3070\u660e\u3089\u304b\u3060\u304c\u3001\u30b7\u30a7\u30fc\u30eb\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u306f\u3001\u56de\u5fa9\u3057\u306a\u3044\u539f\u6cb9\u4fa1\u683c\u306b\u3088\u3063\u3066\u5f15\u304d\u7d9a\u304d\u5727\u8feb\u3055\u308c\u3066\u3044\u308b\u3002\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u306e\u6c34\u6e96\u306f\u539f\u6cb9\u66b4\u843d\u4ee5\u524d\u306e\u6c34\u6e96\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5069\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u8d85\u9577\u671f\u50b5\u767a\u884c\u3067\u30b8\u30e3\u30f3\u30af\u50b5\u306f\u66b4\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u4f55\u5ea6\u3082\u8a00\u3046\u3088\u3046\u306b\u3001\u682a\u9ad8\u306e\u4e3b\u306a\u8981\u56e0\u306f\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u7d04\u675f\u3057\u305f\u6cd5\u4eba\u6e1b\u7a0e\u3067\u3042\u308b\u3002\u6cd5\u4eba\u7a0e\u304c\u4f4e\u304f\u306a\u308c\u3070\u3001\u305d\u306e\u5206\u3060\u3051\u5229\u76ca\u304c\u5897\u3048\u308b\u3002\u3057\u305f\u304c\u3063\u3066\u682a\u4fa1\u3082\u4e0a\u304c\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5261\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u3067\u682a\u4fa1\u4e0a\u6607\u306f\u5b8c\u5168\u306b\u8ad6\u7406\u7684<\/a><\/li>\n<\/ul>\n<p>\u4e00\u65b9\u3067\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u63d0\u6848\u3059\u308b\u6cd5\u6848\u304c\u8b70\u4f1a\u3092\u901a\u3063\u3066\u3044\u306a\u3044\u305f\u3081\u3001\u305d\u3046\u3057\u305f\u653f\u7b56\u306e\u5b9f\u73fe\u53ef\u80fd\u6027\u304c\u7591\u308f\u308c\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5903\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u30aa\u30d0\u30de\u30b1\u30a2\u4ee3\u66ff\u6cd5\u6848\u304c\u5426\u6c7a\u306a\u3089\u7c73\u56fd\u682a\u6025\u843d\u3078<\/a><\/li>\n<\/ul>\n<p>\u4e8b\u5b9f\u3001\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u4e00\u5ea6\u65ad\u5ff5\u3057\u305f\u4fdd\u967a\u5236\u5ea6\u6539\u9769\u306b\u3082\u3046\u4e00\u5ea6\u53d6\u308a\u7d44\u3080\u305f\u3081\u306b\u3001\u6e1b\u7a0e\u3092\u5f8c\u56de\u3057\u306b\u3059\u308b\u65b9\u91dd\u3092\u660e\u3089\u304b\u306b\u3057\u305f\uff08Fox\u3001<a href=\"http:\/\/www.foxbusiness.com\/politics\/2017\/04\/11\/health-care-reform-first-will-pave-way-for-tax-reform-trump-exclusive.html\" target=\"_blank\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3002\u4ee5\u4e0b\u306f\u30c8\u30e9\u30f3\u30d7\u6c0f\u306e\u767a\u8a00\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u4fdd\u967a\u5236\u5ea6\u3092\u6539\u5584\u3059\u308c\u3070\u81a8\u5927\u306a\u984d\u306e\u304a\u91d1\u3092\u7bc0\u7d04\u51fa\u6765\u308b\u3002\u512a\u308c\u305f\u4fdd\u967a\u5236\u5ea6\u3092\u5b9f\u73fe\u3057\u3001\u6d6e\u3044\u305f\u8cc7\u91d1\u3067\u7a0e\u5236\u6539\u9769\u306b\u7740\u624b\u3059\u308b\u3002\u305d\u3046\u3057\u306a\u3051\u308c\u3070\u6e1b\u7a0e\u306b\u56de\u3059\u8cc7\u91d1\u3092\u5f97\u3089\u308c\u306a\u3044\u3002<\/p><\/blockquote>\n<p>\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u306f\u6e1b\u7a0e\u304c\u5f8c\u56de\u3057\u306b\u306a\u3063\u305f\u3068\u8b66\u6212\u3057\u3066\u3044\u308b\u304c\u3001\u5fc5\u305a\u3057\u3082\u305d\u3046\u3068\u3082\u9650\u3089\u306a\u3044\u3002\u30b7\u30ea\u30a2\u653b\u6483\u3067\u653f\u6a29\u5185\u306e\u52e2\u529b\u3092\u5165\u308c\u66ff\u3048\u305f\u3053\u3068\u3067\u3001\u30aa\u30d0\u30de\u30b1\u30a2\u3092\u3081\u3050\u308a\u5bfe\u7acb\u3057\u3066\u3044\u305f\u5171\u548c\u515a\u4fdd\u5b88\u6d3e\u3068\u306e\u548c\u89e3\u306e\u76ee\u51e6\u304c\u7acb\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6046\">\u5a18\u306e\u30a4\u30f4\u30a1\u30f3\u30ab\u6c0f\u3001\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306b\u30b7\u30ea\u30a2\u653b\u6483\u3092\u6307\u793a\u3001\u53cd\u5bfe\u3057\u305f\u300c\u6975\u53f3\u300d\u30d0\u30ce\u30f3\u6c0f\u306f\u5de6\u9077\u3078<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u6e1b\u7a0e\u306e\u5b9f\u73fe\u304c\u3069\u306e\u6642\u671f\u306b\u306a\u308b\u3068\u3057\u3066\u3082\u3001\u3053\u308c\u307e\u3067\u8a00\u53ca\u3057\u3066\u304d\u305f\u901a\u308a\u3001\u7c73\u56fd\u682a\u306f\u300c\u9078\u6319\u516c\u7d04\u304b\u3089\u653f\u7b56\u5b9f\u73fe\u307e\u3067\u306e\u7a7a\u767d\u671f\u9593\u300d\u306e\u8a66\u7df4\u3092\u53d7\u3051\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u653f\u7b56\u306e\u4f3c\u3066\u3044\u308b\u30ec\u30fc\u30ac\u30f3\u653f\u6a29\u306e\u6642\u306b\u306f\u3001\u305d\u308c\u306f\u682a\u4fa1\u66b4\u843d\u3092\u610f\u5473\u3057\u305f\u3068\u3044\u3046\u306e\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u305f\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5118\">\u30ec\u30fc\u30ac\u30ce\u30df\u30af\u30b9\u3067\u6e1b\u7a0e\u3068\u516c\u5171\u4e8b\u696d\u306f\u9ad8\u91d1\u5229\u306e\u60aa\u5f71\u97ff\u306b\u52dd\u3066\u306a\u304b\u3063\u305f<\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/12\/early-1980s-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5130\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/12\/early-1980s-s-and-p-500-chart.png\" alt=\"\" width=\"600\" height=\"402\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/12\/early-1980s-s-and-p-500-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/12\/early-1980s-s-and-p-500-chart-300x201.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>1981\u5e74\u304b\u30891982\u5e74\u306b\u304b\u3051\u3066\u306e\u6642\u671f\u304c\u30ec\u30fc\u30ac\u30f3\u653f\u6a29\u306e\u300c\u7a7a\u767d\u671f\u9593\u300d\u3067\u3042\u308b\u3002<\/p>\n<p>\u3060\u304b\u3089\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u4eca\u306b\u306a\u3063\u3066\u300c\u30c9\u30eb\u306f\u9ad8\u304f\u306a\u308a\u904e\u304e\u305f\u300d\uff08Reuters\u3001<a href=\"http:\/\/www.reuters.com\/article\/us-usa-trump-currency-idUSKBN17E2L8\" target=\"_blank\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u300c\u6b63\u76f4\u306b\u8a00\u3048\u3070\u3001\u4f4e\u91d1\u5229\u653f\u7b56\u304c\u597d\u304d\u3060\u300d\uff08Washington Post\u3001<a href=\"https:\/\/www.washingtonpost.com\/news\/wonk\/wp\/2017\/04\/12\/trump-just-broke-with-two-more-presidential-norms\/?utm_term=.1cd185cc8fc8\" target=\"_blank\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u306a\u3069\u3068\u3044\u3046\u767a\u8a00\u3092\u3057\u305f\u306e\u3060\u308d\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u5927\u7d71\u9818\u304c\u91d1\u878d\u653f\u7b56\u306b\u5f71\u97ff\u529b\u3092\u884c\u4f7f\u3067\u304d\u308b\u306e\u306fFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u8b70\u9577\u306e\u4efb\u547d\u3068\u3044\u3046\u70b9\u306e\u307f\u3067\u3042\u308a\u3001\u540c\u6642\u306b\u300c\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u3092\u5c0a\u91cd\u3059\u308b\u300d\u3068\u767a\u8a00\u3057\u3066\u3044\u308b\u70b9\u3092\u8e0f\u307e\u3048\u308c\u3070\u3001\u5b9f\u8cea\u7684\u306b\u306f\u73fe\u72b6\u7dad\u6301\u3092\u652f\u6301\u3057\u305f\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u6050\u3089\u304f\u306f\u3001\u3053\u306e\u4f4e\u91d1\u5229\u767a\u8a00\u306f\u3001\u30ec\u30fc\u30ac\u30ce\u30df\u30af\u30b9\u306e\u6642\u306e\u3088\u3046\u306a\u671f\u5f85\u5265\u843d\u306b\u3088\u308b\u682a\u4fa1\u6025\u843d\u3068\u3044\u3046\u4e8b\u614b\u3092\u6050\u308c\u3066\u306e\u30ea\u30c3\u30d7\u30b5\u30fc\u30d3\u30b9\u3060\u308d\u3046\u3002\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u5927\u7d71\u9818\u306e\u53cb\u4eba\u306e\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u304b\u30ab\u30fc\u30eb\u30fb\u30a2\u30a4\u30ab\u30fc\u30f3\u6c0f\u3042\u305f\u308a\u304c\u5e02\u5834\u53c2\u52a0\u8005\u306e\u4e0d\u5b89\u3092\u5927\u7d71\u9818\u306b\u5439\u304d\u8fbc\u3093\u3060\u306e\u3060\u308d\u3046\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/4727\">\u30c8\u30e9\u30f3\u30d7\u6c0f\u52dd\u5229\u3067\u5927\u5132\u3051\u3057\u305f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u904b\u7528\u8005\u305f\u3061<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u3067\u682a\u9ad8\u3001\u91d1\u5229\u9ad8\u3068\u306a\u3063\u305f\u91d1\u878d\u5e02\u5834\u306b\u8b66\u9418\u3092\u9cf4\u3089\u3057\u3066\u3044\u308b\u3002 \u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u30aa\u30d0\u30de\u30b1\u30a2\u4ee3\u66ff\u6cd5\u6848\u304c\u5426\u6c7a\u306a\u3089\u7c73\u56fd\u682a\u6025\u843d\u3078 \u3082\u3046\u4e00\u4eba\u306e\u8457\u540d\u50b5\u5238\u6295\u8cc7\u5bb6\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u3082\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u5dfb\u304d\u623b\u3057\u3092\u4e88\u60f3\u3057\u3066 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6066\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f: \u7c73\u56fd\u682a\u3082\u30b8\u30e3\u30f3\u30af\u50b5\u3082\u9ad8\u904e\u304e\u308b\u3001\u7d4c\u6e08\u6210\u9577\u306f\u904e\u53bb\u306e\u3082\u306e<\/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":[78],"class_list":["post-6066","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-us-stock-market","category-stock-markets","category-bond-markets","tag-bill-gross"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6066","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=6066"}],"version-history":[{"count":10,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6066\/revisions"}],"predecessor-version":[{"id":6080,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6066\/revisions\/6080"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=6066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=6066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=6066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}