{"id":6906,"date":"2017-10-15T16:50:23","date_gmt":"2017-10-15T07:50:23","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=6906"},"modified":"2017-10-15T16:50:23","modified_gmt":"2017-10-15T07:50:23","slug":"%e3%83%a0%e3%83%8b%e3%83%a5%e3%83%bc%e3%82%b7%e3%83%b3%e8%b2%a1%e5%8b%99%e9%95%b7%e5%ae%98%e3%81%8c%e6%ac%a1%e6%9c%9f%e8%ad%b0%e9%95%b7%e3%81%ab%e6%8e%a8%e8%96%a6%e3%81%99%e3%82%8b%e3%82%b8%e3%82%a7","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6906","title":{"rendered":"\u30e0\u30cb\u30e5\u30fc\u30b7\u30f3\u8ca1\u52d9\u9577\u5b98\u304c\u6b21\u671f\u8b70\u9577\u306b\u63a8\u85a6\u3059\u308b\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u7406\u4e8b"},"content":{"rendered":"<p>2018\u5e742\u6708\u306bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u306e\u4efb\u671f\u304c\u5207\u308c\u308b\u3053\u3068\u3092\u53d7\u3051\u3001\u69d8\u3005\u306a\u6b21\u671f\u8b70\u9577\u5019\u88dc\u304c\u5642\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u4eca\u56de\u306f\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u6c0f\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n<p><!--more--><strong>\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u7406\u4e8b<\/strong><\/p>\n<p>\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f2012\u5e74\u3088\u308aFed\u306e\u7406\u4e8b\u3092\u52d9\u3081\u3066\u3044\u308b\u3002\u4e2d\u592e\u9280\u884c\u306e\u8077\u306b\u5c31\u304f\u524d\u306f\u7236\u30d6\u30c3\u30b7\u30e5\u653f\u6a29\u4e0b\u306e\u8ca1\u52d9\u6b21\u5b98\u3092\u52d9\u3081\u3066\u3044\u305f\u4ed6\u3001\u30ab\u30fc\u30e9\u30a4\u30eb\u30fb\u30b0\u30eb\u30fc\u30d7\u306a\u3069\u306e\u6295\u8cc7\u4f1a\u793e\u3067\u50cd\u3044\u3066\u304a\u308a\u3001\u653f\u6cbb\u754c\u3068\u5b9f\u696d\u754c\u3092\u884c\u304d\u6765\u3057\u3066\u304d\u305f\u7d4c\u9a13\u3092\u6301\u3063\u3066\u3044\u308b\u3002\u30a6\u30a9\u30eb\u30b7\u30e5\u6c0f\u306a\u3069\u3001\u540d\u524d\u306e\u6319\u304c\u3063\u3066\u3044\u308b\u4ed6\u306e\u5019\u88dc\u306f\u91d1\u878d\u7de9\u548c\u306b\u53cd\u5bfe\u3059\u308b\u660e\u78ba\u306a\u30bf\u30ab\u6d3e\u304c\u591a\u3044\u304c\u3001\u30d1\u30a6\u30a8\u30eb\u7406\u4e8b\u304c\u8b70\u9577\u306b\u306a\u308c\u3070\u30a2\u30e1\u30ea\u30ab\u306f\u3069\u306e\u3088\u3046\u306a\u91d1\u878d\u653f\u7b56\u306b\u52d5\u304f\u3060\u308d\u3046\u304b\uff1f<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6866\">\u6b21\u671f\u8b70\u9577\u5019\u88dc\u30a6\u30a9\u30eb\u30b7\u30e5\u5143\u7406\u4e8b\u3001\u904e\u53bb\u306b\u91cf\u7684\u7de9\u548c\u306b\u53cd\u5bfe\u3001\u7c73\u56fd\u682a\u66b4\u843d\u30b7\u30ca\u30ea\u30aa\u518d\u6d6e\u4e0a\u304b<\/a><\/li>\n<\/ul>\n<p>\u30ea\u30fc\u30de\u30f3\u30fb\u30b7\u30e7\u30c3\u30af\u6642\u306bFed\u306e\u7406\u4e8b\u3092\u52d9\u3081\u3066\u3044\u305f\u30a6\u30a9\u30eb\u30b7\u30e5\u6c0f\u3084\u3001\u4e2d\u592e\u9280\u884c\u306f\u4e88\u3081\u6c7a\u307e\u3063\u305f\u30eb\u30fc\u30eb\u306b\u5f93\u3063\u3066\u91d1\u5229\u3092\u64cd\u4f5c\u3059\u3079\u304d\u3068\u3057\u305f\u30c6\u30a4\u30e9\u30fc\u30fb\u30eb\u30fc\u30eb\u3067\u6709\u540d\u306a\u30c6\u30a4\u30e9\u30fc\u6559\u6388\u306a\u3069\u3001\u91d1\u878d\u653f\u7b56\u306b\u3064\u3044\u3066\u306e\u4e3b\u5f35\u304c\u306f\u3063\u304d\u308a\u3057\u3066\u3044\u308b\u5019\u88dc\u3068\u306f\u9055\u3044\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f5\u5e74\u3082Fed\u306e\u7406\u4e8b\u3092\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u4e3b\u5f35\u304c\u3042\u307e\u308a\u660e\u78ba\u3067\u306f\u306a\u3044\u3002<\/p>\n<p>\u4f55\u6545\u306a\u3089\u3070\u3001\u3053\u306e5\u5e74\u9593\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u4e00\u5ea6\u3082\u8b70\u9577\u306e\u6c7a\u5b9a\u306b\u7570\u3092\u5531\u3048\u305a\u3001\u305f\u3060\u6c7a\u5b9a\u306b\u8cdb\u610f\u3092\u793a\u3057\u3066\u304d\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u30d0\u30fc\u30ca\u30f3\u30ad\u8b70\u9577\u4e0b\u3067\u884c\u308f\u308c\u305f\u91cf\u7684\u7de9\u548c\u7b2c\u4e09\u6bb5\u306e\u5b9f\u52b9\u6027\u306b\u306f\u7591\u554f\u3092\u793a\u3057\u305f\u3053\u3068\u3082\u3042\u3063\u305f\u304c\u3001\u6700\u7d42\u7684\u306b\u306f\u91cf\u7684\u7de9\u548c\u3092\u7d99\u7d9a\u3057\u305f\u30d0\u30fc\u30ca\u30f3\u30ad\u8b70\u9577\u306b\u8cdb\u6210\u3057\u305f\u3002\u8b70\u9577\u306e\u65b9\u91dd\u306b\u5f93\u3046\u50be\u5411\u306f\u3001\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u306e\u4efb\u671f\u306b\u304a\u3044\u3066\u3082\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n<p>\u305f\u3060\u3001\u8b70\u9577\u306e\u610f\u5411\u306b\u5f93\u3044\u306a\u304c\u3089\u3068\u3044\u3046\u524d\u63d0\u3067\u306f\u3042\u308b\u304c\u3001\u3053\u308c\u307e\u3067\u306eFed\u306e\u653f\u7b56\u306b\u8cdb\u6210\u3057\u3066\u304d\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u8b70\u9577\u306b\u306a\u308c\u3070\u5c11\u306a\u304f\u3068\u3082\u3042\u308b\u7a0b\u5ea6\u306e\u73fe\u72b6\u7dad\u6301\u304c\u884c\u308f\u308c\u308b\u3068\u3044\u3046\u306e\u304c\u4e00\u822c\u7684\u306a\u898b\u65b9\u3068\u306a\u308b\u3002<\/p>\n<p><strong>\u6700\u8fd1\u306e\u767a\u8a00<\/strong><\/p>\n<p>\u3088\u308a\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u898b\u65b9\u3092\u8aac\u660e\u3059\u308b\u305f\u3081\u306b\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u95a2\u3059\u308b\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u6700\u8fd1\u306e\u767a\u8a00\u3092\u62fe\u3063\u3066\u307f\u3088\u3046\u3002\u5148\u305a\u306f2017\u5e746\u6708\u306bBloomberg\uff08<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-01\/fed-s-powell-has-an-eye-on-inflation-as-he-calls-for-rate-hikes\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u304c\u4f1d\u3048\u3066\u3044\u308b\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f5\u5e74\u306e\u95932%\u306e\u76ee\u6a19\u3092\u4e0b\u56de\u3063\u3066\u304a\u308a\u3001\u76ee\u6a19\u306b\u5411\u3051\u3066\u7de9\u3084\u304b\u306a\u9032\u5c55\u3057\u304b\u898b\u305b\u3066\u3044\u306a\u3044\u3002\u4eca\u5f8c\u306e\u9032\u5c55\u304c\u9045\u308c\u308b\u304b\u505c\u6ede\u3059\u308b\u5834\u5408\u3001\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u5fcd\u8010\u5f37\u304f\u3042\u308b\u3053\u3068\u304c\u59a5\u5f53\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u5b9f\u4f53\u7d4c\u6e08\u304c\u4e88\u60f3\u901a\u308a\u306b\u9032\u5c55\u3059\u308b\u5834\u5408\u3001\u6bb5\u968e\u7684\u306a\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u308b\u3053\u3068\u304c\u9069\u5207\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u307b\u3068\u3093\u3069\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u81ea\u8eab\u306e\u767a\u8a00\u3068\u8a00\u3063\u3066\u3082\u826f\u3044\u3060\u308d\u3046\u3002\u5229\u4e0a\u3052\u306f\u7d99\u7d9a\u3059\u308b\u304c\u3001\u7d4c\u6e08\u304c\u6e1b\u901f\u3059\u308b\u3088\u3046\u3067\u3042\u308c\u3070\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u3059\u308b\u3068\u3044\u3046\u59ff\u52e2\u3067\u3042\u308b\u3002\u307e\u305f\u3001\u91cf\u7684\u7de9\u548c\u3092\u9006\u56de\u3057\u306b\u3059\u308b\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u306b\u5bfe\u3057\u3066\u91d1\u878d\u5e02\u5834\u304c\u843d\u3061\u7740\u3044\u3066\u3044\u308b\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u79e9\u5e8f\u3042\u308b\u518d\u6295\u8cc7\u306e\u6e1b\u5c11\uff08\u8a33\u6ce8\uff1a\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u306e\u3053\u3068\uff09\u3092\u826f\u304f\u6d88\u5316\u3057\u3066\u3044\u308b\u3002\u305f\u3060\u3001\u3053\u306e\u653f\u7b56\u304c\u4e88\u60f3\u4ee5\u4e0a\u306b\u5e02\u5834\u306e\u72b6\u6cc1\u3092\u5f15\u304d\u7de0\u3081\u3059\u304e\u3066\u3057\u307e\u3046\u5834\u5408\u306b\u306f\u3001FOMC\uff08\u8a33\u6ce8\uff1a\u91d1\u878d\u653f\u7b56\u6c7a\u5b9a\u4f1a\u5408\uff09\u306f\u305d\u306e\u3053\u3068\u3092\u8003\u616e\u306b\u5165\u308c\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u3064\u307e\u308a\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u5e02\u5834\u304c\u60b2\u9cf4\u3092\u4e0a\u3052\u59cb\u3081\u305f\u3089\u8a00\u3046\u3053\u3068\u3092\u805e\u304f\u3068\u8a00\u3063\u3066\u3044\u308b\u3002\u3053\u306e\u70b9\u3067\u30d1\u30a6\u30a8\u30eb\u6c0f\u3068\u30a6\u30a9\u30eb\u30b7\u30e5\u6c0f\u306f\u975e\u5e38\u306b\u7570\u306a\u308b\u3068\u8a00\u3046\u3079\u304d\u3060\u308d\u3046\u3002\u305d\u3057\u3066\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u3068\u4f3c\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u52b4\u50cd\u5e02\u5834\u306e\u6307\u6a19\u504f\u91cd<\/strong><\/p>\n<p>\u307e\u305f\u3001\u3053\u308c\u307e\u3067\u306eFed\u306b\u4f3c\u3066\u3044\u308b\u306e\u306f\u5e02\u5834\u306e\u8a00\u3046\u3053\u3068\u3092\u805e\u304f\u3068\u3044\u3046\u3053\u3068\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u5927\u96d1\u628a\u306b\u8a00\u3048\u3070\u300c\u52b4\u50cd\u5e02\u5834\u304c\u904e\u71b1\u3059\u308c\u3070\u81ea\u52d5\u7684\u306b\u7269\u4fa1\u306f\u4e0a\u6607\u3059\u308b\u300d\u3068\u4e3b\u5f35\u3059\u308b\u3001\u73fe\u5728\u306e\u4e2d\u592e\u9280\u884c\u3092\u652f\u914d\u3057\u3066\u3044\u308b\u4fa1\u5024\u89b3\u3092\u30d1\u30a6\u30a8\u30eb\u7406\u4e8b\u3082\u5f15\u304d\u7d99\u3044\u3067\u3044\u308b\u3002\u4ee5\u4e0b\u306fCNBC\uff08<a href=\"https:\/\/www.cnbc.com\/2017\/08\/25\/feds-powell-says-weak-inflation-is-kind-of-a-mystery.html\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u304c2017\u5e748\u6708\u306b\u4f1d\u3048\u3066\u3044\u308b\u767a\u8a00\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u76ee\u6a19\u5024\u3092\u5c11\u3057\u4e0b\u56de\u3063\u3066\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u30df\u30b9\u30c6\u30ea\u30fc\u3060\u3002\u52b4\u50cd\u5e02\u5834\u304c\u904e\u71b1\u3059\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u591a\u5c11\u306f\u9ad8\u304f\u306a\u308b\u3068\u4e88\u60f3\u3059\u308b\u306e\u304c\u666e\u901a\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u4e00\u65b9\u3067\u3001\u591a\u304f\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3084\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u3089\u306e\u7d4c\u6e08\u5b66\u8005\u306f\u3001Fed\u306e\u5531\u3048\u308b\u7d4c\u6e08\u5b66\u304c\u9593\u9055\u3063\u3066\u3044\u308b\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4f4e\u4e0b\u306f\u4eba\u53e3\u52d5\u614b\u306a\u3069\u69cb\u9020\u7684\u306a\u8981\u56e0\u306e\u305f\u3081\u3067\u3042\u308b\u3068\u3059\u308b\u9577\u671f\u505c\u6ede\u8ad6\u3067\u3042\u308b\u3002\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u30b5\u30de\u30fc\u30ba\u6c0f\u3084\u3001Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3089\u306e\u8aac\u660e\u304c\u5206\u304b\u308a\u3084\u3059\u3044\u3060\u308d\u3046\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<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/3398\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u904b\u7528\u8005\u306b\u3088\u308b\u7d4c\u6e08\u5165\u9580: 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href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/4393\">\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u526f\u8b70\u9577\u304c\u3064\u3044\u306b\u9577\u671f\u505c\u6ede\u8ad6\u306b\u8a00\u53ca\u3001\u5229\u4e0a\u3052\u3068\u4f4e\u91d1\u5229\u7d99\u7d9a\u3067\u5272\u308c\u308b\u7406\u4e8b\u4f1a\u3092\u8c61\u5fb4<\/a><\/li>\n<\/ul>\n<p>\u3053\u306e\u610f\u5473\u3067\u306f\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u8b70\u9577\u306b\u4efb\u547d\u3055\u308c\u305f\u5834\u5408\u3001\u30a4\u30a8\u30ec\u30f3\u6c0f\u3088\u308a\u3082\u5c1a\u3053\u308c\u307e\u3067\u306e\u65e7\u614b\u7136\u3068\u3057\u305fFed\u5bc4\u308a\u306e\u8b70\u9577\u306b\u306a\u308b\u3068\u8a00\u3048\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u6050\u3089\u304f\u4ed6\u306e\u3069\u306e\u5019\u88dc\u3088\u308a\u3082\u91d1\u878d\u653f\u7b56\u306b\u304a\u3044\u3066\u73fe\u72b6\u7dad\u6301\u3068\u306a\u308b\u5019\u88dc\u3067\u3042\u308b\u3002\u3042\u307e\u308a\u53c2\u8003\u306b\u306f\u306a\u3089\u306a\u3044\u304c\u3001\u30e0\u30cb\u30e5\u30fc\u30b7\u30f3\u8ca1\u52d9\u9577\u5b98\u306f\u30d1\u30a6\u30a8\u30eb\u6c0f\u3092\u63a8\u3057\u3066\u3044\u308b\u3089\u3057\u3044\u3002\u305f\u3060\u3001\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u30a6\u30a9\u30eb\u30b7\u30e5\u6c0f\u3084\u30c6\u30a4\u30e9\u30fc\u6c0f\u306e\u3088\u3046\u306a\u6975\u7aef\u306a\u5019\u88dc\u3092\u3069\u308c\u307b\u3069\u771f\u5263\u306b\u8003\u3048\u3066\u3044\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3092\u7b46\u8005\u306f\u5c11\u3057\u7591\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u53ef\u80fd\u6027\u306e\u4e00\u3064\u306f\u3001\u6975\u7aef\u306b\u30bf\u30ab\u6d3e\u306a\u5019\u88dc\u306e\u540d\u524d\u3092\u6319\u3052\u3066\u304a\u304f\u3053\u3068\u3067\u3001\u5b9f\u969b\u306b\u9078\u3070\u308c\u308b\u5019\u88dc\u3092\u30cf\u30c8\u6d3e\u306b\u898b\u305b\u304b\u3051\u308b\u3053\u3068\u3092\u8003\u3048\u3066\u3044\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002\u5358\u306b\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u9078\u3070\u308c\u305f\u306e\u3067\u3042\u308c\u3070\u3001\u5e02\u5834\u306f\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u304c\u7d99\u7d9a\u3059\u308b\u3068\u601d\u3044\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u5074\u3067\u53cd\u5fdc\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u30a6\u30a9\u30eb\u30b7\u30e5\u6c0f\u306b\u306a\u308b\u3068\u5e02\u5834\u306b\u601d\u308f\u305b\u3066\u304a\u3044\u3066\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u306a\u308c\u3070\u3001\u601d\u3063\u305f\u3088\u308a\u306f\u30cf\u30c8\u6d3e\u3060\u3068\u5e02\u5834\u306f\u5b89\u5fc3\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<p>\u3053\u306e\u610f\u5473\u3067\u3001\u500b\u4eba\u7684\u306b\u306f\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u8b70\u9577\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3082\u3063\u3068\u3082\u9ad8\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u4ee5\u524d\u3082\u66f8\u3044\u305f\u3088\u3046\u306b\u3001\u30a6\u30a9\u30eb\u30b7\u30e5\u6c0f\u306b\u306a\u308c\u3070\u682a\u5f0f\u5e02\u5834\u304c\u5927\u5e45\u306b\u4e0b\u843d\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u3001\u30a2\u30a4\u30ab\u30fc\u30f3\u6c0f\u3084\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306a\u3069\u306e\u8457\u540d\u6295\u8cc7\u5bb6\u3068\u89aa\u3057\u3044\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u3001\u305d\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u5341\u5206\u628a\u63e1\u3057\u3066\u3044\u308b\u306f\u305a\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6866\">\u6b21\u671f\u8b70\u9577\u5019\u88dc\u30a6\u30a9\u30eb\u30b7\u30e5\u5143\u7406\u4e8b\u3001\u904e\u53bb\u306b\u91cf\u7684\u7de9\u548c\u306b\u53cd\u5bfe\u3001\u7c73\u56fd\u682a\u66b4\u843d\u30b7\u30ca\u30ea\u30aa\u518d\u6d6e\u4e0a\u304b<\/a><\/li>\n<\/ul>\n<p>\u4e00\u65b9\u3067\u30012016\u5e74\u672b\u304b\u3089\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u4e88\u60f3\u3092\u7684\u78ba\u306b\u5f53\u3066\u3066\u304d\u305f\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u30ab\u30b7\u30e5\u30ab\u30ea\u6c0f\u3068\u3044\u3046\u3088\u308a\u30cf\u30c8\u6d3e\u306e\u8b70\u9577\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6896\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u4e88\u60f3\u3059\u308b\u6b21\u671f\u8b70\u9577\u306f\u30c9\u30eb\u5b89\u682a\u9ad8\u3092\u5c0e\u304f\u30c0\u30fc\u30af\u30db\u30fc\u30b9<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u500b\u4eba\u7684\u306b\u306f\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u7d99\u7d9a\u3068\u3044\u3046\u73fe\u5728\u306e\u8def\u7dda\u3092\u524d\u63d0\u306b\u30c9\u30eb\u76f8\u5834\u3092\u8003\u3048\u3066\u3082\u826f\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3044\u59cb\u3081\u3066\u3044\u308b\u3002\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u8b70\u9577\u3068\u306a\u308c\u3070\u3001\u305d\u306e\u8def\u7dda\u306e\u4e2d\u5fc3\u3092\u884c\u304f\u3053\u3068\u306b\u306a\u308a\u305d\u3046\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2018\u5e742\u6708\u306bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u306e\u4efb\u671f\u304c\u5207\u308c\u308b\u3053\u3068\u3092\u53d7\u3051\u3001\u69d8\u3005\u306a\u6b21\u671f\u8b70\u9577\u5019\u88dc\u304c\u5642\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u4eca\u56de\u306f\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u6c0f\u3092\u7d39\u4ecb\u3057\u305f\u3044\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":[64],"class_list":["post-6906","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-fed"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6906","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=6906"}],"version-history":[{"count":6,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6906\/revisions"}],"predecessor-version":[{"id":6912,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6906\/revisions\/6912"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=6906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=6906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=6906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}