{"id":63796,"date":"2025-04-19T20:00:00","date_gmt":"2025-04-19T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=63796"},"modified":"2025-04-19T18:08:20","modified_gmt":"2025-04-19T09:08:20","slug":"%e3%83%88%e3%83%a9%e3%83%b3%e3%83%97%e6%94%bf%e6%a8%a9%e3%81%ae%e8%a8%80%e3%81%86%e8%b2%bf%e6%98%93%e8%b5%a4%e5%ad%97%e3%81%ae%e5%95%8f%e9%a1%8c%e3%81%af%e5%9f%ba%e8%bb%b8%e9%80%9a%e8%b2%a8%e3%83%89","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63796","title":{"rendered":"\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8a00\u3046\u8cbf\u6613\u8d64\u5b57\u306e\u554f\u984c\u306f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u304c\u66b4\u843d\u3057\u306a\u3051\u308c\u3070\u89e3\u6c7a\u3057\u306a\u3044"},"content":{"rendered":"\n<p>\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u95a2\u7a0e\u653f\u7b56\u3068\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af\u6c0f\u306eDOGE\uff08\u653f\u5e9c\u52b9\u7387\u5316\u7701\uff09\u306b\u3088\u308b\u653f\u5e9c\u652f\u51fa\u524a\u6e1b\u306b\u3053\u3060\u308f\u3063\u305f\u3053\u3068\u304c\u304d\u3063\u304b\u3051\u3068\u306a\u308a\u30012025\u5e74\u306b\u682a\u4fa1\u306f\u6025\u843d\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u306b\u3053\u3060\u308f\u3063\u305f\u7406\u7531\u306e1\u3064\u304c\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3067\u3042\u308b\u3053\u3068\u306f\u3042\u307e\u308a\u8a8d\u8b58\u3055\u308c\u3066\u3044\u306a\u3044\u3002\u3057\u304b\u3057\u305d\u3053\u304c\u91cd\u8981\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c<\/strong><\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u306b\u3053\u3060\u308f\u3063\u3066\u3044\u308b\u306e\u306f\u3001\u307e\u305a\u30a2\u30e1\u30ea\u30ab\u304c\u8cbf\u6613\u8d64\u5b57\u3092\u9577\u5e74\u5782\u308c\u6d41\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u8d64\u5b57\u304c\u307e\u305a\u3044\u306e\u304b\u3068\u8a00\u3048\u3070\u3001\u305d\u308c\u304c\u7c73\u56fd\u653f\u5e9c\u306e\u8ca1\u653f\u554f\u984c\u3092\u60aa\u5316\u3055\u305b\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308a\u3001\u3053\u308c\u307e\u3067\u84c4\u7a4d\u3057\u3066\u304d\u305f\u83ab\u5927\u306a\u7c73\u56fd\u50b5\u306b\u3064\u3044\u306b\u9ad8\u984d\u306e\u5229\u6255\u3044\u304c\u767a\u751f\u3057\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u501f\u91d1\u306e\u5229\u6255\u3044\u3092\u65b0\u305f\u306a\u501f\u91d1\u3092\u5897\u3084\u3059\u3053\u3068\u3067\u8cc4\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7c73\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u306e\u554f\u984c\u306f\u3001\u5c06\u6765\u7684\u306b\u7c73\u56fd\u50b5\u306e\u66b4\u843d\u3092\u3082\u305f\u3089\u3057\u304b\u306d\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u591a\u304f\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u305f\u3061\u304c\u5fc3\u914d\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/61404\" data-type=\"post\" data-id=\"61404\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u8ca1\u653f\u8d64\u5b57\u7d99\u7d9a\u306a\u3089\u7c73\u56fd\u50b5\u306f\u30b7\u30e7\u30c3\u30ad\u30f3\u30b0\u306a\u72b6\u6cc1\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u4eca\u56de\u306e\u682a\u5b89\u306b\u304a\u3044\u3066\u7c73\u56fd\u50b5\u306e\u6642\u9650\u7206\u5f3e\u304c\u7206\u767a\u3057\u304b\u304b\u3063\u3066\u3044\u308b\u5fb4\u5019\u304c\u56fd\u50b5\u5e02\u5834\u306b\u898b\u3089\u308c\u305f\u3002\u81ea\u8eab\u3082\u512a\u308c\u305f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3042\u308b\u30b9\u30b3\u30c3\u30c8\u30fb\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u304c\u7c73\u56fd\u50b5\u4e0b\u843d\u3092\u8b66\u6212\u3057\u305f\u3053\u3068\u304c\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u95a2\u7a0e\u5ef6\u671f\u3092\u5f37\u3044\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\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\/63454\" data-type=\"post\" data-id=\"63454\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u672c\u5f53\u306e\u7406\u7531\u306f\u682a\u4fa1\u306e\u4e0b\u843d\u3067\u306f\u306a\u3044<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63647\" data-type=\"post\" data-id=\"63647\">\u682a\u5f0f\u5e02\u5834\u66b4\u843d\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u3053\u308c\u304b\u3089\u4f55\u5ea6\u3067\u3082\u7c73\u56fd\u50b5\u4e0b\u843d\u306b\u8105\u3055\u308c\u7d9a\u3051\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u8cbf\u6613\u8d64\u5b57\u304c\u8ca1\u653f\u8d64\u5b57\u3092\u60aa\u5316\u3055\u305b\u308b<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u4eca\u56de\u306e\u8a18\u4e8b\u306e\u30c6\u30fc\u30de\u306f\u305d\u308c\u304c\u95a2\u7a0e\u3068\u3069\u3046\u95a2\u4fc2\u3042\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u304c\u3001\u554f\u984c\u306f\u7d4c\u5e38\u8d64\u5b57\uff08\u8cbf\u6613\u8d64\u5b57\u3092\u542b\u3080\uff09\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u3092\u60aa\u5316\u3055\u305b\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u8f38\u51fa\u306f\u305d\u306e\u56fd\u306e\u7d4c\u6e08\u306b\u3068\u3063\u3066\u53ce\u5165\u3067\u3042\u308a\u3001\u8f38\u5165\u306f\u652f\u51fa\u3067\u3042\u308b\u3002\u300c\u8cbf\u6613\u306f\u3082\u306e\u3068\u901a\u8ca8\u306e\u7b49\u4fa1\u4ea4\u63db\u306a\u306e\u3067\u8cbf\u6613\u8d64\u5b57\u306f\u60aa\u3044\u3082\u306e\u3067\u306f\u306a\u3044\u300d\u306a\u3069\u3068\u8a00\u3046\u4eba\u3082\u3044\u308b\u304c\u3001\u3053\u3053\u3067\u306e\u554f\u984c\u306f\u305d\u3046\u3044\u3046\u3053\u3068\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u4e0a\u3001\u8f38\u51fa\u306b\u3088\u3063\u3066\u305d\u306e\u56fd\u304c\u5f97\u305f\u53ce\u5165\u306f\u3001\u6d88\u8cbb\u8005\u3068\u4f01\u696d\u3068\u653f\u5e9c\u3067\u5206\u3051\u5408\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u9006\u306b\u8f38\u5165\u306b\u3088\u3063\u3066\u5931\u3063\u305f\u91d1\u984d\u306f\u3001\u6d88\u8cbb\u8005\u3068\u4f01\u696d\u3068\u653f\u5e9c\u3067\u305d\u306e\u8ca0\u62c5\u3092\u5206\u3051\u5408\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u300c\u8f38\u5165\u306f\u901a\u8ca8\u3068\u3082\u306e\u306e\u7b49\u4fa1\u4ea4\u63db\u3060\u300d\u3068\u4e3b\u5f35\u3057\u305f\u3068\u3053\u308d\u3067\u3001\u7d4c\u5e38\u8d64\u5b57\u304c\u4e0a\u306b\u8ff0\u3079\u305f\u7c73\u56fd\u653f\u5e9c\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3092\u60aa\u5316\u3055\u305b\u308b\u4e8b\u5b9f\u306f\u4f55\u3082\u5909\u308f\u3089\u306a\u3044\u306e\u3067\u3042\u308b\u3002\u3082\u306e\u3092\u8cb7\u3046\u3053\u3068\u304c\u7b49\u4fa1\u4ea4\u63db\u3067\u3042\u308b\u304b\u3089\u3001\u4f8b\u3048\u3070\u6d88\u8cbb\u8005\u306f\u53ce\u5165\u3092\u5f97\u305a\u306b\u3082\u306e\u3092\u8cb7\u3044\u7d9a\u3051\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u3068\u3067\u3082\u8a00\u3046\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u5e38\u8d64\u5b57\u3068\u91d1\u5229\u306e\u4f4e\u4e0b<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u5e38\u8d64\u5b57\u306f\u81a8\u3089\u3093\u3067\u3044\u308b\u3002\u554f\u984c\u306f\u3001\u305d\u308c\u304c\u3044\u3064\u304b\u3089\u3069\u3046\u3044\u3046\u539f\u56e0\u3067\u81a8\u3089\u307f\u59cb\u3081\u305f\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u5e38\u53ce\u652f\u306e\u30b0\u30e9\u30d5\u3092\u898b\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-us-current-account-balance-to-gdp-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"513\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-us-current-account-balance-to-gdp-chart.png\" alt=\"\" class=\"wp-image-63800\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-us-current-account-balance-to-gdp-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-us-current-account-balance-to-gdp-chart-300x257.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u3053\u306e\u8aad\u8005\u306a\u3089\u3070\u3053\u306e\u30b0\u30e9\u30d5\u3092\u898b\u3066\u4f55\u304c\u91cd\u8981\u304b\u6c17\u304c\u3064\u304f\u3068\u601d\u3046\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u5e38\u8d64\u5b57\u304c1980\u5e74\u4ee3\u304b\u3089\u81a8\u3089\u3093\u3067\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u304c\u91cd\u8981\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>1980\u5e74\u306f\u30011970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u304c\u5f53\u6642\u306eFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u8b70\u9577\u3067\u3042\u308b\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u306b\u3088\u308b\u5bb9\u8d66\u306a\u3044\u91d1\u878d\u5f15\u304d\u7de0\u3081\u653f\u7b56\u306b\u3088\u3063\u3066\u7d42\u308f\u308a\u3092\u544a\u3052\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u3088\u3046\u3084\u304f\u91d1\u5229\u3092\u4e0b\u3052\u59cb\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u5e74\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<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u305d\u306e\u5f8c\u30b3\u30ed\u30ca\u798d\u3067\u306e\u73fe\u91d1\u7d66\u4ed8\u3067\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3059\u307e\u3067\u300140\u5e74\u9593\u4e0b\u843d\u3092\u7d9a\u3051\u3066\u304d\u305f\u3002\u30a2\u30e1\u30ea\u30ab\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\/2025\/04\/2024-4-19-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"513\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-4-19-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-63816\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-4-19-us-10-year-treasury-bond-yield-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-4-19-us-10-year-treasury-bond-yield-chart-300x257.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u91d1\u5229\u4f4e\u4e0b\u3068\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3053\u306e40\u5e74\u9593\u306e\u91d1\u5229\u4f4e\u4e0b\u3053\u305d\u304c40\u5e74\u9593\u306e\u7c73\u56fd\u682a\u306e\u682a\u9ad8\u3068\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u6e08\u6210\u9577\u3092\u6f14\u51fa\u3057\u3066\u304d\u305f\uff08\u305d\u3057\u3066\u305d\u306e\u91d1\u5229\u4f4e\u4e0b\u306f\u3082\u3046\u306a\u304f\u306a\u3063\u305f\uff09\u3068\u3044\u3046\u3053\u3068\u3092\u524d\u56de\u306e\u8a18\u4e8b\u3067\u8ff0\u3079\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\/63697\" data-type=\"post\" data-id=\"63697\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u7c73\u56fd\u682a\u306e\u5de8\u5927\u30d0\u30d6\u30eb\u306f\u5d29\u58ca\u3059\u308b\u3001\u682a\u4fa1\u4e0b\u843d\u306f25\u5e74\u4ee5\u4e0a\u306e\u9577\u671f\u4e0b\u843d\u76f8\u5834\u306e\u59cb\u307e\u308a\u306b\u904e\u304e\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u304c\u8cbf\u6613\u8d64\u5b57\u3068\u3069\u3046\u95a2\u4fc2\u3057\u3066\u3044\u308b\u306e\u304b\u3002\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u660e\u3089\u304b\u306b\u4e00\u81f4\u3057\u3066\u3044\u308b\u304b\u3089\u3001\u8cbf\u6613\u8d64\u5b57\u3068\u91d1\u5229\u306e\u9593\u306b\u306f\u4f55\u3089\u304b\u306e\u95a2\u4fc2\u304c\u3042\u308b\u306f\u305a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u304c\u57fa\u8ef8\u901a\u8ca8\u3092\u6709\u3059\u308b\u56fd\u3067\u3042\u3063\u305f\u3053\u3068\u304c\u3001\u3053\u308c\u307e\u3067\u306e\u30a2\u30e1\u30ea\u30ab\u306b\u3068\u3063\u3066\u30d7\u30e9\u30b9\u3068\u306a\u3063\u3066\u304d\u305f\u3002\u3053\u308c\u3060\u3051\u306e\u91d1\u5229\u4f4e\u4e0b\u3092\u8a31\u5bb9\u3057\u306a\u304c\u3089\u3001\u30c9\u30eb\u304c\u66b4\u843d\u3059\u308b\u3053\u3068\u306f\u306a\u304b\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30eb\u306f\u3080\u3057\u308d\u4e0a\u304c\u3063\u3066\u304d\u305f\u3002\u30b3\u30ed\u30ca\u5f8c\u306b\u4e16\u754c\u7684\u306a\u7269\u4fa1\u9ad8\u9a30\u3092\u5f15\u304d\u8d77\u3053\u3059\u3088\u3046\u306a\u7d19\u5e63\u5370\u5237\u306b\u3088\u308b\u73fe\u91d1\u7d66\u4ed8\u3092\u884c\u306a\u3063\u3066\u3082\u3001\u305d\u308c\u3067\u3082\u30c9\u30eb\u306f\u66b4\u843d\u3059\u308b\u3069\u3053\u308d\u304b\u4e0a\u6607\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u30b8\u30e7\u30cb\u30fc\u30fb\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u304c\u89e6\u308c\u3066\u3044\u305f\u3088\u3046\u306b\u3001\u540c\u3058\u3053\u3068\u3092\u3084\u308d\u3046\u3068\u3057\u305f\u30a4\u30ae\u30ea\u30b9\u306e\u30c8\u30e9\u30b9\u653f\u6a29\u306f\u30a4\u30ae\u30ea\u30b9\u306e\u901a\u8ca8\u30dd\u30f3\u30c9\u3068\u82f1\u56fd\u50b5\u306e\u66b4\u843d\u3092\u5f15\u304d\u8d77\u3053\u3057\u30667\u9031\u9593\u3067\u9000\u9663\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/60619\" data-type=\"post\" data-id=\"60619\">\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f: \u56fd\u50b5\u66b4\u843d\u3067\u682a\u4fa1\u30d0\u30d6\u30eb\u306f\u5d29\u58ca\u3059\u308b\u3001\u30b4\u30fc\u30eb\u30c9\u3092\u73fe\u7269\u3067\u4fdd\u6709\u3059\u308b\u3079\u304d<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4f55\u6545\u30c9\u30eb\u3060\u3051\u306f\u305d\u308c\u3060\u3051\u306e\u91d1\u5229\u4f4e\u4e0b\u3068\u7d19\u5e63\u5370\u5237\u3092\u3057\u3066\u3082\u66b4\u843d\u3057\u306a\u304b\u3063\u305f\u306e\u304b\u3002\u305d\u308c\u306f\u30c9\u30eb\u304c\u57fa\u8ef8\u901a\u8ca8\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u8cbf\u6613\u8d64\u5b57\u3068\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u5d29\u58ca<\/strong><\/p>\n\n\n\n<p>\u4e16\u754c\u4e2d\u306e\u56fd\u3005\u304c\u3001\u8cc7\u7523\u3092\u30c9\u30eb\u3067\u84c4\u3048\u3066\u304d\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u304c\u3069\u308c\u3060\u3051\u30c9\u30eb\u3092\u5370\u5237\u3057\u3066\u3082\u3001\u7c73\u56fd\u50b5\u3092\u3070\u3089\u6492\u3044\u3066\u3082\u3001\u305d\u308c\u3092\u8cb7\u3063\u3066\u304f\u308c\u308b\u8cc7\u91d1\u304c\u4e16\u754c\u4e2d\u306b\u3042\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u57fa\u8ef8\u901a\u8ca8\u306e\u3053\u306e\u4ed5\u7d44\u307f\u304c\u3042\u308b\u9650\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u672c\u5f53\u306b\u9650\u754c\u307e\u3067\u501f\u91d1\u3092\u5897\u3084\u3057\u7d9a\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\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\/36946\" data-type=\"post\" data-id=\"36946\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u304a\u9670\u3067\u81f4\u547d\u50b7\u3092\u98df\u3089\u3046\u307e\u3067\u7de9\u548c\u3092\u7d9a\u3051\u3089\u308c\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u305d\u306e\u80cc\u666f\u3067\u526f\u4f5c\u7528\u3068\u3057\u3066\u81a8\u3089\u3093\u3067\u3044\u308b\u3082\u306e\u3053\u305d\u304c\u8cbf\u6613\u8d64\u5b57\u306a\u306e\u3067\u3042\u308b\u3002\u91d1\u878d\u7de9\u548c\u3092\u3057\u3066\u3082\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u8a00\u3044\u63db\u3048\u308c\u3070\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u5b9f\u4f53\u4ee5\u4e0a\u306b\u30c9\u30eb\u304c\u5272\u9ad8\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u81ea\u56fd\u901a\u8ca8\u304c\u5272\u9ad8\u3067\u3042\u308b\u3053\u3068\u304c\u4f55\u3092\u3082\u305f\u3089\u3059\u304b\u306f\u3001\u7d4c\u6e08\u5b66\u8005\u306a\u3089\u8ab0\u3067\u3082\u77e5\u3063\u3066\u3044\u308b\u3002\u8cbf\u6613\u8d64\u5b57\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306f\u30ae\u30ea\u30b7\u30e3\u306e\u3088\u3046\u306a\u3082\u306e<\/strong><\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u30e6\u30fc\u30ed\u50b5\u52d9\u5371\u6a5f\u3067\u306f\u3001\u7d4c\u6e08\u5927\u56fd\u3067\u3042\u308b\u30c9\u30a4\u30c4\u3084\u30d5\u30e9\u30f3\u30b9\u3068\u3001\u5c0f\u56fd\u3067\u3042\u308b\u30ae\u30ea\u30b7\u30e3\u3084\u30dd\u30eb\u30c8\u30ac\u30eb\u306a\u3069\u306e\u56fd\u3005\u304c\u30e6\u30fc\u30ed\u3068\u3044\u3046\u540c\u3058\u901a\u8ca8\u306e\u3082\u3068\u306b\u653e\u308a\u8fbc\u307e\u308c\u305f\u305f\u3081\u3001\u30e6\u30fc\u30ed\u306f\u30c9\u30a4\u30c4\u306b\u3068\u3063\u3066\u306f\u5b89\u304f\u3001\u30ae\u30ea\u30b7\u30e3\u306b\u3068\u3063\u3066\u306f\u9ad8\u3044\u3068\u3044\u3046\u72b6\u6cc1\u306b\u7f6e\u304b\u308c\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u7d50\u679c\u3001\u9ad8\u904e\u304e\u308b\u30e6\u30fc\u30ed\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u3067\u8cbf\u6613\u3059\u308b\u3053\u3068\u3092\u5f37\u3044\u3089\u308c\u305f\u30ae\u30ea\u30b7\u30e3\u306f\u3001\u6700\u7d42\u7684\u306b\u7834\u7dbb\u5bf8\u524d\u307e\u3067\u884c\u3063\u3066\u30c9\u30a4\u30c4\u306a\u3069\u306b\u3088\u3063\u3066\u6551\u6e08\u3055\u308c\u305f\u306e\u3067\u3042\u308b\u3002\u5f53\u6642\u306e\u72b6\u6cc1\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u7e8f\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/5343\" data-type=\"post\" data-id=\"5343\">\u30e6\u30fc\u30ed\u570f\u304c\u30c9\u30a4\u30c4\u306e\u690d\u6c11\u5730\u3060\u3068\u4e00\u76ee\u3067\u5206\u304b\u308b\u5404\u52a0\u76df\u56fd\u306e\u8cbf\u6613\u53ce\u652f\u6bd4\u8f03 (2017\/1\/29)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u7b46\u8005\u304c\u8a00\u3044\u305f\u3044\u306e\u306f\u3001\u4eca\u306e\u30a2\u30e1\u30ea\u30ab\u306f\u5f53\u6642\u306e\u30ae\u30ea\u30b7\u30e3\u3068\u540c\u3058\u72b6\u6cc1\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3044\u304f\u3089\u7de9\u548c\u3057\u3066\u3082\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u30c9\u30eb\u304c\u4e0d\u5f53\u306b\u9ad8\u3044\u3068\u3044\u3046\u3053\u3068\u3068\u307e\u3063\u305f\u304f\u540c\u3058\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u306e\u526f\u4f5c\u7528\u304c\u8cbf\u6613\u8d64\u5b57\u3060\u3063\u305f\u306e\u3060\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u3044\u304f\u3089\u3067\u3082\u501f\u91d1\u3067\u304d\u308b\u72b6\u6cc1\u3060\u3063\u305f\u6642\u306b\u306f\u305d\u308c\u306f\u4f55\u306e\u554f\u984c\u306b\u3082\u306a\u3089\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u30b3\u30ed\u30ca\u5f8c\u306b\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3001\u7c73\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u304c\u554f\u984c\u306b\u306a\u308a\u59cb\u3081\u3001\u7c73\u56fd\u50b5\u304c\u4e0b\u843d\u3057\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u3067\u4e2d\u592e\u9280\u884c\u304c\u7c73\u56fd\u50b5\u3092\u8cb7\u3044\u5165\u308c\u3089\u308c\u306a\u3044\u3001\u305d\u3046\u3044\u3046\u72b6\u6cc1\u306b\u306a\u3063\u3066\u521d\u3081\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u30ae\u30ea\u30b7\u30e3\u3068\u540c\u3058\u72b6\u6cc1\u306b\u7f6e\u304b\u308c\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u95a2\u7a0e\u306e\u554f\u984c\u306e\u672c\u8cea\u304c\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3060\u3068\u3044\u3046\u3053\u3068\u3092\u307b\u3068\u3093\u3069\u306e\u4eba\u3005\u304c\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u306f\u6b8b\u5ff5\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u95a2\u7a0e\u3092\u64a4\u56de\u3057\u305f\u3068\u3053\u308d\u3067\u89e3\u6c7a\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002\u8ca1\u653f\u8d64\u5b57\u3082\u8cbf\u6613\u8d64\u5b57\u3082\u73fe\u5b9f\u306e\u554f\u984c\u3068\u3057\u3066\u305d\u3053\u306b\u6b8b\u308a\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5f37\u884c\u3057\u3088\u3046\u3068\u64a4\u56de\u3057\u3088\u3046\u3068\u3001\u8ee2\u63db\u70b9\u307e\u3067\u884c\u304d\u7740\u3044\u3066\u3057\u307e\u3063\u305f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u3068\u8cbf\u6613\u8d64\u5b57\u306e\u30d0\u30d6\u30eb\u306f\u3001\u7834\u88c2\u3057\u3066\u5143\u306b\u623b\u308b\u3057\u304b\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u8cbf\u6613\u8d64\u5b57\u306f\u7e2e\u5c0f\u3057\u3001\u30c9\u30eb\u306f\u3053\u308c\u307e\u3067\u4e0a\u304c\u3063\u3066\u304d\u305f\u306e\u3068\u540c\u3058\u5206\u3060\u3051\u4e0b\u843d\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u30b4\u30fc\u30eb\u30c9\u306e\u8cb7\u3044\u3092\u5968\u3081\u3066\u304d\u305f\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\/63694\" data-type=\"post\" data-id=\"63694\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u682a\u4fa1\u66b4\u843d\u3067\u3082\u66b4\u9a30\u3057\u3066\u3044\u308b\u91d1\u4fa1\u683c\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u3053\u306e\u72b6\u6cc1\u306f\u3001\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u300e<a href=\"https:\/\/amzn.to\/3IWcV1T\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\u300f\u306b\u3059\u3079\u3066\u4e88\u60f3\u3055\u308c\u3066\u3044\u305f\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u3092\u898b\u305f\u77ac\u9593\u306b\u3053\u306e\u672c\u3092\u66f8\u304d\u59cb\u3081\u305f\u3002\u305d\u308c\u304c\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u7d42\u308f\u308a\u306e\u59cb\u307e\u308a\u3060\u3068\u3044\u3046\u3053\u3068\u306b\u6c17\u3065\u3044\u3066\u3044\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u591a\u304f\u306e\u4eba\u3005\u306f\u3053\u306e\u672c\u3092\u8aad\u307e\u306a\u304b\u3063\u305f\u306e\u304b\u3002\u3059\u3079\u3066\u4e8b\u524d\u306b\u66f8\u3044\u3066\u3042\u308b\u3067\u306f\u306a\u3044\u304b\u3002\u305d\u3057\u3066\u30c9\u30eb\u306e\u9577\u671f\u7684\u5d29\u58ca\u306f\u307e\u3060\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/81CZHKszf9L._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u95a2\u7a0e\u653f\u7b56\u3068\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af\u6c0f\u306eDOGE\uff08\u653f\u5e9c\u52b9\u7387\u5316\u7701\uff09\u306b\u3088\u308b\u653f\u5e9c\u652f\u51fa\u524a\u6e1b\u306b\u3053\u3060\u308f\u3063\u305f\u3053\u3068\u304c\u304d\u3063\u304b\u3051\u3068\u306a\u308a\u30012025\u5e74\u306b\u682a\u4fa1\u306f\u6025\u843d\u3057\u305f\u3002 \u3060\u304c\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u306b\u3053\u3060\u308f\u3063\u305f\u7406\u7531\u306e1\u3064\u304c\u8ca1\u653f\u8d64\u5b57\u306e\u554f &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63796\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8a00\u3046\u8cbf\u6613\u8d64\u5b57\u306e\u554f\u984c\u306f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u304c\u66b4\u843d\u3057\u306a\u3051\u308c\u3070\u89e3\u6c7a\u3057\u306a\u3044<\/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":[120,118,19,108],"tags":[],"class_list":["post-63796","post","type-post","status-publish","format-standard","hentry","category-usdjpy","category-us-bond-market","category-foreign-exchange-market","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63796","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=63796"}],"version-history":[{"count":49,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63796\/revisions"}],"predecessor-version":[{"id":63847,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63796\/revisions\/63847"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=63796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=63796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=63796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}