{"id":64503,"date":"2025-05-03T20:00:00","date_gmt":"2025-05-03T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=64503"},"modified":"2025-05-03T17:08:56","modified_gmt":"2025-05-03T08:08:56","slug":"%e3%83%88%e3%83%a9%e3%83%b3%e3%83%97%e6%94%bf%e6%a8%a9%e3%81%8c%e4%ba%88%e7%ae%97%e6%a1%88%e7%99%ba%e8%a1%a8%e3%80%81%e8%b2%a1%e6%94%bf%e8%b5%a4%e5%ad%97%e3%82%92%e8%a7%a3%e6%b1%ba%e3%81%a7%e3%81%8d","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64503","title":{"rendered":"\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u4e88\u7b97\u6848\u767a\u8868\u3001\u8ca1\u653f\u8d64\u5b57\u3092\u89e3\u6c7a\u3067\u304d\u306a\u3051\u308c\u3070\u7c73\u56fd\u50b5\u66b4\u843d\u3001\u91d1\u5229\u4e0a\u6607\u304b\u3089\u682a\u4fa1\u4e0b\u843d\u3078"},"content":{"rendered":"\n<p>5\u67082\u65e5\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f2026\u5e74\u5ea6\u306e\u4e88\u7b97\u6848\u3092\u767a\u8868\u3057\u305f\u3002\u91d1\u878d\u5e02\u5834\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u304c\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u4e2d\u3001\u8d64\u5b57\u306e\u524a\u6e1b\u306f\u51fa\u6765\u305f\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57<\/strong><\/p>\n\n\n\n<p>\u591a\u304f\u306e\u4eba\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3068\u8a00\u3048\u3070\u95a2\u7a0e\u3060\u3068\u601d\u3063\u3066\u3044\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u4e00\u756a\u5927\u304d\u306a\u30c6\u30fc\u30de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u304b\u3064\u3066\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306eSoros Fund Management\u306e\u904b\u7528\u3092\u4efb\u3055\u308c\u3066\u3044\u305f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3082\u3042\u308b\u30b9\u30b3\u30c3\u30c8\u30fb\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u306f\u3001\u73fe\u5728GDP\u306e7%\u307b\u3069\u306e\u5927\u304d\u3055\u3068\u306a\u3063\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u30923%\u307e\u3067\u524a\u6e1b\u3059\u308b\u3068\u3044\u3046\u76ee\u6a19\u3092\u7acb\u3066\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/56773\" data-type=\"post\" data-id=\"56773\">\u30c8\u30e9\u30f3\u30d7\u6c0f\u6307\u540d\u306e\u65b0\u8ca1\u52d9\u9577\u5b98\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u3001\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u3092\u3082\u3058\u3063\u305f3\u3064\u306e\u77e2\u306e\u7d4c\u6e08\u653f\u7b56\u3092\u63d0\u8a00<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u305d\u3053\u307e\u3067\u8ca1\u653f\u8d64\u5b57\u306b\u3053\u3060\u308f\u3063\u3066\u3044\u308b\u7406\u7531\u306f\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u8cbb\u7528\u304c\u6025\u5897\u3057\u3066\u3044\u308b\u304b\u3089\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\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"513\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart.png\" alt=\"\" class=\"wp-image-59997\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart-300x257.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p>\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u8cbb\u7528\u306fGDP\u306e4%\u306b\u9054\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u3064\u307e\u308a\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u653f\u5e9c\u50b5\u52d9\u5897\u52a0\u3068\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308a\u3001\u4eca\u3084\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u4ee5\u4e0a\u304c\u501f\u91d1\u306e\u5229\u606f\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7c73\u56fd\u50b5\u306e\u4e0b\u843d\u30ea\u30b9\u30af<\/strong><\/p>\n\n\n\n<p>\u591a\u304f\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3089\u306f\u3001\u53bb\u5e74\u304b\u3089\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306e\u554f\u984c\u3092\u6c17\u306b\u3057\u3066\u3044\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306e\u305f\u3081\u306b\u65b0\u305f\u306a\u7c73\u56fd\u50b5\u3092\u767a\u884c\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u72b6\u6cc1\u306b\u9665\u3063\u3066\u3044\u308b\u304c\u3001\u65b0\u305f\u306a\u7c73\u56fd\u50b5\u304c\u66f4\u306b\u5229\u6255\u3044\u3092\u5897\u3084\u3057\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u7d50\u5c40\u3001\u7c73\u56fd\u50b5\u3092\u5927\u91cf\u767a\u884c\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u72b6\u6cc1\u306b\u9665\u308a\u3001\u50b5\u5238\u5e02\u5834\u3067\u7c73\u56fd\u50b5\u304c\u6025\u843d\u3057\u304b\u306d\u306a\u3044\u3068\u3044\u3046\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\/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\u3046\u3057\u305f\u61f8\u5ff5\u306e\u4e2d\u3067\u8d77\u3053\u3063\u305f\u306e\u304c\u30014\u6708\u306e\u682a\u4fa1\u6025\u843d\u306e\u4e2d\u3067\u8d77\u304d\u305f\u7c73\u56fd\u50b5\u4e0b\u843d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308c\u3070\u666e\u901a\u306a\u3089\u3070\u56fd\u50b5\u306b\u8cc7\u91d1\u304c\u9003\u907f\u3057\u3066\u304f\u308b\u3068\u3053\u308d\u3092\u30014\u6708\u306e\u682a\u5b89\u3067\u306f\u7c73\u56fd\u50b5\u3082\u540c\u6642\u306b\u4e0b\u843d\u3059\u308b\u4e8b\u614b\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u682a\u5b89\u6642\u306b\u56fd\u50b5\u304c\u4e0b\u843d\u3059\u308b\u306e\u306f\u767a\u5c55\u9014\u4e0a\u56fd\u306e\u91d1\u878d\u5e02\u5834\u3068\u540c\u3058\u73fe\u8c61\u3067\u3042\u308b\u3060\u3051\u306b\u3001\u591a\u304f\u306e\u5c02\u9580\u5bb6\u304c\u7d50\u69cb\u306a\u30b7\u30e7\u30c3\u30af\u3092\u53d7\u3051\u305f\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64264\" data-type=\"post\" data-id=\"64264\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30c9\u30eb\u3068\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306e\u30c8\u30ea\u30d7\u30eb\u5b89\u3001\u30a2\u30e1\u30ea\u30ab\u304b\u3089\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u3066\u3044\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63976\" data-type=\"post\" data-id=\"63976\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u4eca\u5f8c\u6570\u30f6\u6708\u3067\u7c73\u56fd\u306f\u30c9\u30eb\u3068\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u304c\u3059\u3079\u3066\u4e0b\u843d\u3059\u308b\u767a\u5c55\u9014\u4e0a\u56fd\u578b\u306e\u91d1\u878d\u5371\u6a5f\u306b\u9665\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8d64\u5b57\u524a\u6e1b<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u3067\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u95a2\u7a0e\u306e\u5ef6\u671f\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u3001\u305d\u306e\u5f8c\u682a\u4fa1\u306f\u56de\u5fa9\u3057\u3066\u3044\u308b\u304c\u3001\u7c73\u56fd\u50b5\u306e\u554f\u984c\u306f\u3082\u3061\u308d\u3093\u307e\u3060\u6b8b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u4eca\u56de\u767a\u8868\u3055\u308c\u305f2026\u5e74\u5ea6\u306e\u4e88\u7b97\u6848\u304c\u91cd\u8981\u306a\u306e\u3067\u3042\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u7d50\u5c40\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3092\u89e3\u6c7a\u3059\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u4e88\u7b97\u306f\u307e\u305a2\u3064\u306b\u5206\u304b\u308c\u308b\u3002\u793e\u4f1a\u4fdd\u969c\u306a\u3069\u652f\u6255\u3044\u304c\u65e2\u306b\u6c7a\u307e\u3063\u3066\u3044\u308b\u5fc5\u9808\u4e88\u7b97\u3068\u3001\u653f\u5e9c\u306e\u88c1\u91cf\u3067\u652f\u51fa\u3092\u6c7a\u3081\u308b\u88c1\u91cf\u4e88\u7b97\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u4e88\u7b97\u6848\u306f\u88c1\u91cf\u4e88\u7b97\u306b\u95a2\u3059\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u88c1\u91cf\u4e88\u7b97\u306e\u5185\u8a33\u30922025\u5e74\u5ea6\u304b\u30892026\u5e74\u5ea6\u3078\u306e\u5909\u5316\u3067\u898b\u308b\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u57fa\u672c\u4e88\u7b97\uff08\u56fd\u9632\u8cbb\uff09:<\/strong> 8926\u5104\u30c9\u30eb -> 1\u5146119\u5104\u30c9\u30eb (+1193\u5104\u30c9\u30eb +13.4%)<\/li>\n\n\n\n<li><strong>\u57fa\u672c\u4e88\u7b97\uff08\u56fd\u9632\u8cbb\u4ee5\u5916\uff09:<\/strong> 7205\u5104\u30c9\u30eb -> 6012\u5104\u30c9\u30eb (-1193\u5104\u30c9\u30eb -16.6%)<\/li>\n\n\n\n<li><strong>\u7279\u5225\u4e88\u7b97:<\/strong> 2178\u5104\u30c9\u30eb -> 780\u5104\u30c9\u30eb (-1399\u5104\u30c9\u30eb -64.2%)<\/li>\n<\/ul>\n\n\n\n<p>\u88c1\u91cf\u4e88\u7b97\u306e\u3046\u3061\u57fa\u672c\u4e88\u7b97\u3092\u898b\u308b\u3068\u3001\u56fd\u9632\u8cbb\u4ee5\u5916\u3092\u6e1b\u3089\u3057\u305f\u5206\u3092\u305d\u306e\u307e\u307e\u56fd\u9632\u8cbb\u306e\u5897\u984d\u306b\u5f53\u3066\u3066\u304a\u308a\u3001\u57fa\u672c\u4e88\u7b97\u5168\u4f53\u3067\u306f\u91d1\u984d\u304c\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u4ed6\u81e8\u6642\u306e\u652f\u51fa\u3068\u3055\u308c\u308b\u7279\u5225\u4e88\u7b97\u3092\u6e1b\u3089\u3057\u305f\u3053\u3068\u3067\u3001\u5168\u4f53\u3068\u3057\u3066\u306f\u6b21\u306e\u3088\u3046\u306a\u5909\u5316\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5168\u4f53:<\/strong> 1\u51468,309\u5104\u30c9\u30eb -> 1\u51466911\u5104\u30c9\u30eb (-1,399\u5104\u30c9\u30eb -7.6%)<\/li>\n<\/ul>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u3053\u308c\u304c\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u4e88\u7b97\u6848\u306e\u6982\u8981\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e1,399\u5104\u30c9\u30eb\u3068\u3044\u3046\u524a\u6e1b\u984d\u304c\u5927\u304d\u3044\u306e\u304b\u3001\u5c0f\u3055\u3044\u306e\u304b\u3067\u8a00\u3048\u3070\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306f\u304a\u3088\u305d2\u5146\u30c9\u30eb\u306a\u306e\u3067\u3001\u8ca1\u653f\u8d64\u5b57\u306e7%\u3092\u524a\u6e1b\u3057\u305f\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b1,399\u5104\u30c9\u30eb\u306f\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306e0.5%\u306b\u5f53\u305f\u308b\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u5229\u3068\u682a\u4fa1<\/strong><\/p>\n\n\n\n<p>\u8981\u3059\u308b\u306b\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8d64\u5b57\u524a\u6e1b\u306f\u4eca\u306e\u3068\u3053\u308d\u713c\u3051\u77f3\u306b\u6c34\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u8d64\u5b57\u524a\u6e1b\u3092\u62c5\u5f53\u3057\u3066\u3044\u305f\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af\u6c0f\u306b\u5bfe\u3057\u3066\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u304c\u300c\u30d5\u30a1\u30c3\u30af\u30e6\u30fc\u300d\u3068\u53eb\u3093\u3067\u3044\u305f\u8fba\u308a\u3001\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u306e\u8ca1\u653f\u554f\u984c\u3078\u306e\u7126\u308a\u304c\u898b\u3089\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64088\" data-type=\"post\" data-id=\"64088\">\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u3001\u30de\u30b9\u30af\u6c0f\u306b\u30d5\u30a1\u30c3\u30af\u30e6\u30fc\u3068\u53eb\u3076\u3000DOGE\u306e\u8d64\u5b57\u524a\u6e1b\u304c\u5341\u5206\u3067\u306f\u306a\u3044\u3068\u6279\u5224<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u4f01\u696d\u5229\u76ca\u306f4\u5146\u30c9\u30eb\u306a\u306e\u3067\u3001\u4eca\u56de\u306e\u8d64\u5b57\u524a\u6e1b\u304c\u682a\u5f0f\u5e02\u5834\u306b\u53ca\u307c\u3059\u5f71\u97ff\u3082\u5927\u304d\u304f\u306f\u306a\u3044\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u306f\u4eca\u306e\u3068\u3053\u308d\u53cd\u767a\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\/2025\/05\/2025-5-3-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"529\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-3-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-64530\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-3-s-and-p-500-chart.png 602w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-3-s-and-p-500-chart-300x264.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/a><\/figure>\n\n\n\n<p>\u3060\u304c\u91d1\u878d\u5e02\u5834\u306b\u3068\u3063\u3066\u306e\u554f\u984c\u306f\u3001\u682a\u4fa1\u53cd\u767a\u3068\u3068\u3082\u306b\u9577\u671f\u91d1\u5229\u3082\u4e0a\u304c\u3063\u3066\u3044\u308b\u3053\u3068\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\/2025\/05\/2024-5-3-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"529\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-3-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-64532\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-3-us-10-year-treasury-bond-yield-chart.png 602w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-3-us-10-year-treasury-bond-yield-chart-300x264.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/a><\/figure>\n\n\n\n<p>\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u304c\u5371\u967a\u8996\u3057\u305f4\u6708\u306e\u91d1\u5229\u6025\u9a30\u306e\u6c34\u6e96\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u306f\u3001\u307e\u3060\u4eca\u306e\u6c34\u6e96\u3067\u306f\u5371\u967a\u6c34\u57df\u3068\u306f\u8a00\u3048\u306a\u3044\u304c\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8d64\u5b57\u524a\u6e1b\u304c\u672c\u5f53\u306b\u3053\u306e\u7a0b\u5ea6\u3067\u7d42\u308f\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u3067\u91d1\u5229\u306f\u4eca\u5e74\u306e\u5f8c\u534a\u306b\u304b\u3051\u3066\u4e0a\u304c\u3063\u3066\u3086\u304f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u4eca\u5f8c\u306e\u30b7\u30ca\u30ea\u30aa\u306f2\u3064\u3042\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3092\u89e3\u6c7a\u3059\u308b\u305f\u3081\u306b\u81ea\u4e3b\u7684\u306b\u3053\u3053\u304b\u3089\u4f55\u304b\u30b5\u30d7\u30e9\u30a4\u30ba\u3067\u666f\u6c17\u6e1b\u901f\u306b\u7e4b\u304c\u308b\u8d64\u5b57\u524a\u6e1b\u3092\u884c\u3046\u304b\u3001\u3042\u308b\u3044\u306f\u4f55\u3082\u306a\u3051\u308c\u3070\u3001\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308b\u682a\u4fa1\u4e0b\u843d\u30b7\u30ca\u30ea\u30aa\u304c\u682a\u4fa1\u306b\u3068\u3063\u3066\u306e\u5929\u4e95\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u7d50\u5c40\u3001\u53bb\u5e74\u304b\u3089\u540c\u3058\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u7c73\u56fd\u682a\u306e\u9577\u671f\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e88\u60f3\u3059\u308b\u3060\u3051\u306a\u3089\u6975\u3081\u3066\u7c21\u5358\u306a\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\/61668\" data-type=\"post\" data-id=\"61668\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u7c73\u56fd\u682a\u6700\u5f37\u306e\u6642\u4ee3\u304c\u7d42\u308f\u308b\u7406\u7531\u3092\u8aac\u660e\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306e\u9577\u671f\u52d5\u5411\u304c\u3042\u308b\u7a0b\u5ea6\u6c7a\u307e\u3063\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u7c73\u56fd\u682a\u306e\u9577\u671f\u52d5\u5411\u3082\u305d\u308c\u306b\u57fa\u3065\u3044\u3066\u6c7a\u307e\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u682a\u4fa1\u4e0b\u843d\u3067\u6295\u8cc7\u5bb6\u304c\u5b66\u3093\u3060\u3053\u3068\u306f\u3001\u77ed\u671f\u7684\u306b\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u304b\u3089\u3068\u8a00\u3063\u3066\u3001\u8ad6\u7406\u7684\u306b\u6c7a\u307e\u3063\u3066\u3044\u308b\u9577\u671f\u52d5\u5411\u3092\u7121\u8996\u3057\u3066\u306f\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u53bb\u5e74\u304b\u3089\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u500b\u5225\u682a\u3092\u6301\u3061\u305f\u3044\u5834\u5408\u3082\u3001\u5e02\u5834\u5168\u4f53\u306e\u4e0b\u843d\u306b\u5bfe\u3059\u308b\u30d8\u30c3\u30b8\u3092\u5fd8\u308c\u3066\u306f\u306a\u3089\u306a\u3044\u3002\u5e78\u3044\u306b\u3082\u682a\u4fa1\u304c\u3042\u308b\u7a0b\u5ea6\u56de\u5fa9\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u3053\u306e\u53cd\u767a\u3092\u5229\u7528\u3057\u3066\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u7c73\u56fd\u682a\u306e\u4e0a\u4e0b\u306b\u5bfe\u3057\u3066\u5c11\u306a\u304f\u3068\u3082\u4e2d\u7acb\u306b\u3057\u3066\u304a\u304f\u3053\u3068\u3092\u304a\u52e7\u3081\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u8457\u66f8\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\u3067\u4e88\u60f3\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u30c9\u30eb\u3068\u30a2\u30e1\u30ea\u30ab\u306e\u8987\u6a29\u306e\u7d42\u308f\u308a\u3068\u3044\u3046\u30b7\u30ca\u30ea\u30aa\u306b\u9032\u3081\u3070\u3001\u305d\u308c\u4ee5\u4e0a\u60aa\u3044\u4e8b\u614b\u306b\u306a\u308b\u3053\u3068\u3082\u5341\u5206\u8003\u3048\u3089\u308c\u308b\u304b\u3089\u3067\u3042\u308b\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<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>5\u67082\u65e5\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f2026\u5e74\u5ea6\u306e\u4e88\u7b97\u6848\u3092\u767a\u8868\u3057\u305f\u3002\u91d1\u878d\u5e02\u5834\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u304c\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u4e2d\u3001\u8d64\u5b57\u306e\u524a\u6e1b\u306f\u51fa\u6765\u305f\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118,108],"tags":[],"class_list":["post-64503","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/64503","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=64503"}],"version-history":[{"count":49,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/64503\/revisions"}],"predecessor-version":[{"id":64554,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/64503\/revisions\/64554"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=64503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=64503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=64503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}