{"id":69848,"date":"2025-09-02T20:00:00","date_gmt":"2025-09-02T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=69848"},"modified":"2025-09-02T01:33:34","modified_gmt":"2025-09-01T16:33:34","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e3%83%88%e3%83%a9%e3%83%b3%e3%83%97%e5%a4%a7%e7%b5%b1%e9%a0%98%e3%81%ae%e9%87%91%e8%9e%8d%e7%b7%a9%e5%92%8c%e5%bc%b7%e8%a1%8c%e3%81%a7%e3%83%89%e3%83%ab","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/69848","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u91d1\u878d\u7de9\u548c\u5f37\u884c\u3067\u30c9\u30eb\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u3001Bloomberg\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u5229\u4e0b\u3052\u8981\u6c42<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u5229\u4e0b\u3052\u3092\u6c42\u3081\u3066Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306b\u5e72\u6e09\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u6182\u616e\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\/69820\" data-type=\"post\" data-id=\"69820\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u4e2d\u592e\u9280\u884c\u3092\u652f\u914d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3068\u666f\u6c17\u5f8c\u9000\u3092\u5f15\u304d\u8d77\u3053\u3059<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7279\u306b\u3001\u3053\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u306e\u304d\u3063\u304b\u3051\u3068\u306a\u3063\u305f\u306e\u306f\u3001\u4e0d\u6b63\u7591\u60d1\u306b\u3088\u308aFed\u306e\u30af\u30c3\u30af\u7406\u4e8b\u306e\u89e3\u4efb\u3092\u767a\u8868\u3057\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e0d\u6b63\u306e\u771f\u507d\u306f\u3055\u3066\u304a\u304d\u3001\u89e3\u4efb\u3055\u308c\u308c\u3070\u9000\u4efb\u306e\u6c7a\u307e\u3063\u3066\u3044\u308b\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3089\u306b\u52a0\u3048\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u66f4\u306b\u3082\u30461\u4eba\u91d1\u878d\u7de9\u548c\u306b\u7a4d\u6975\u7684\u306a\u4eba\u7269\u3092Fed\u306b\u9001\u308a\u8fbc\u3080\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u304b\u306d\u3066\u3088\u308a\u5229\u4e0b\u3052\u3092\u884c\u308f\u306a\u3044Fed\u3068\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3092\u6279\u5224\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\/68361\" data-type=\"post\" data-id=\"68361\">\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306b3%\u306e\u5229\u4e0b\u3052\u3092\u8981\u6c42\u3001\u30c9\u30eb\u4e0b\u843d\u3092\u5f8c\u62bc\u3057<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u5e02\u5834\u306e\u53cd\u5fdc<\/strong><\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3001\u30af\u30c3\u30af\u7406\u4e8b\u306e\u89e3\u4efb\u304c\u767a\u8868\u3055\u308c\u305f\u5f8c\u306e\u91d1\u878d\u5e02\u5834\u306e\u52d5\u304d\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u91d1\u878d\u5e02\u5834\u306f\u6b21\u306e\u3088\u3046\u306b\u53cd\u5fdc\u3057\u305f\u3002\u6628\u591c\u306e\u53cd\u5fdc\u306f\u5927\u304d\u306a\u53cd\u5fdc\u3067\u306f\u306a\u304b\u3063\u305f\u304c\u3001\u3053\u308c\u304b\u3089\u306e\u52d5\u5411\u3092\u793a\u5506\u3059\u308b\u3082\u306e\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u77ed\u671f\u91d1\u5229\u306f\u4e0b\u304c\u3063\u305f\u3002Fed\u306b\u5229\u4e0b\u3052\u3092\u5f37\u8981\u3059\u308b\u653f\u6cbb\u7684\u306a\u52d5\u304d\u3060\u3068\u4eba\u3005\u306f\u8003\u3048\u305f\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u9577\u671f\u91d1\u5229\u306f\u4e0a\u304c\u3063\u305f\u3002\u305d\u306e\u52d5\u304d\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u5bc4\u4e0e\u3059\u308b\u3068\u8003\u3048\u305f\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u306e\u5229\u4e0b\u3052\u8981\u6c42\u304c\u3088\u308a\u901a\u308a\u3084\u3059\u304f\u306a\u308b\u306a\u3089\u3070\u3001\u653f\u7b56\u91d1\u5229\u306b\u9023\u52d5\u3057\u3084\u3059\u3044\u77ed\u671f\u91d1\u5229\u304c\u4e0b\u843d\u3067\u53cd\u5fdc\u3059\u308b\u306e\u306f\u5f53\u7136\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91cd\u8981\u306a\u70b9\u306f\u3001\u9577\u671f\u91d1\u5229\u304c\u305d\u308c\u306b\u5f93\u308f\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u666e\u901a\u3001\u5229\u4e0b\u3052\u3092\u3059\u308c\u3070\u77ed\u671f\u91d1\u5229\u306b\u52a0\u3048\u3066\u9577\u671f\u91d1\u5229\u3082\u4e0b\u304c\u308b\u304c\u3001\u5229\u4e0b\u3052\u306b\u3088\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308a\u304b\u306d\u306a\u3044\u3068\u5e02\u5834\u304c\u5224\u65ad\u3059\u308c\u3070\u3001\u9577\u671f\u91d1\u5229\u306f\u4e0a\u304c\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u5229\u4e0b\u3052\u3067\u91d1\u5229\u304c\u4e0a\u304c\u308b\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u306f\u3001\u3053\u308c\u307e\u3067\u3082\u6307\u6458\u3055\u308c\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u5146\u5019\u304c\u5c11\u3057\u305a\u3064\u898b\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/66706\" data-type=\"post\" data-id=\"66706\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u304c\u5229\u4e0b\u3052\u518d\u958b\u3059\u308c\u3070\u9577\u671f\u91d1\u5229\u306f\u3080\u3057\u308d\u4e0a\u6607\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30c9\u30eb\u306e\u4e0b\u843d<\/strong><\/p>\n\n\n\n<p>\u307e\u305f\u3001\u3053\u306e\u30cb\u30e5\u30fc\u30b9\u306b\u5bfe\u3057\u3066\u30cd\u30ac\u30c6\u30a3\u30d6\u306b\u53cd\u5fdc\u3057\u305f\u306e\u306f\u9577\u671f\u91d1\u5229\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u3053\u3053\u306e\u8aad\u8005\u306a\u3089\u3070\u8a00\u3046\u307e\u3067\u3082\u306a\u304f\u5206\u304b\u308b\u3060\u308d\u3046\u304c\u3001\u30c9\u30eb\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u305d\u3057\u3066\u30c9\u30eb\u304c\u4e0b\u304c\u3063\u305f\u3002\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3068\u3057\u3066\u3082\u3001Fed\u304c\u653f\u6cbb\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3066\u7d19\u5e63\u3092\u5370\u5237\u3059\u308b\u3053\u3068\u3067\u3001\u9577\u671f\u7684\u306b\u30c9\u30eb\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u3068\u3044\u3046\u306e\u304c\u5e02\u5834\u306e\u5224\u65ad\u3060\u3063\u305f\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9577\u5e74\u30de\u30fc\u30b1\u30c3\u30c8\u3092\u8ffd\u3044\u304b\u3051\u3066\u3044\u308b\u4eba\u3067\u3042\u308c\u3070\u3001\u3053\u306e\u52d5\u304d\u306e\u91cd\u8981\u3055\u304c\u5206\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5f37\u3055\u306f\u3001\u3069\u308c\u3060\u3051\u7de9\u548c\u3092\u3057\u3066\u3082\u30c9\u30eb\u304c\u4e0b\u304c\u3089\u306a\u3044\u3069\u3053\u308d\u304b\u3001\u3080\u3057\u308d\u4e0a\u304c\u3063\u3066\u3086\u304f\u3053\u3068\u306b\u3042\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306b\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u307b\u3069\u306e\u73fe\u91d1\u7d66\u4ed8\u3092\u884c\u306a\u3063\u3066\u3082\u3001\u30c9\u30eb\u306f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u304b\u3089\u3068\u3044\u3046\u7406\u7531\u3067\u3080\u3057\u308d\u4e0a\u6607\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u540c\u3058\u3053\u3068\u3092\u3057\u3088\u3046\u3068\u3057\u305f\u30a4\u30ae\u30ea\u30b9\u306e\u30c8\u30e9\u30b9\u653f\u6a29\u3067\u306f\u3001\u30dd\u30f3\u30c9\u3068\u82f1\u56fd\u50b5\u3068\u82f1\u56fd\u682a\u304c\u540c\u6642\u306b\u6025\u843d\u3059\u308b\u4e8b\u614b\u306b\u306a\u3063\u305f\u306e\u306b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30020\" data-type=\"post\" data-id=\"30020\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u666f\u6c17\u5f8c\u9000\u3067\u8ca1\u653f\u652f\u51fa\u3059\u308b\u56fd\u306f\u30a4\u30ae\u30ea\u30b9\u306e\u4e8c\u306e\u821e\u306b\u306a\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u91d1\u878d\u7de9\u548c\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u308a\u3001\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30c9\u30eb\u304c\u4e0b\u304c\u308b\u306e\u306f\u3001\u3053\u308c\u307e\u3067\u4f8b\u5916\u3060\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u304c\u3001\u5c11\u306a\u304f\u3068\u3082\u30a4\u30ae\u30ea\u30b9\u306e\u3088\u3046\u306a\u56fd\u3068\u540c\u3058\u72b6\u6cc1\u306b\u306a\u308a\u3001\u4eca\u5f8c\u7c73\u56fd\u50b5\u3084\u30c9\u30eb\u304c\u5927\u304d\u304f\u4e0b\u843d\u3059\u308b\u72b6\u6cc1\u3082\u6709\u308a\u5f97\u308b\u3068\u3044\u3046\u3053\u3068\u306e\u8a3c\u62e0\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u8987\u6a29\u56fd\u5bb6\u30a2\u30e1\u30ea\u30ab\u304b\u3089\u8cc7\u91d1\u6d41\u51fa\u304c\u6b62\u307e\u3089\u306a\u3044\u72b6\u6cc1\u306a\u3069\u6709\u308a\u5f97\u306a\u3044\u3068\u8ab0\u3082\u304c\u8003\u3048\u3066\u3044\u305f\u72b6\u6cc1\u304c\u5d29\u308c\u3064\u3064\u3042\u308b\u3002<\/p>\n\n\n\n<p>4\u6708\u306b\u306f\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u3068\u30c9\u30eb\u304c\u540c\u6642\u306b\u4e0b\u843d\u3059\u308b\u4e8b\u614b\u3068\u306a\u308a\u3001\u95a2\u7a0e\u306e\u64a4\u56de\u306b\u3088\u308a\u305d\u308c\u304c\u6b62\u307e\u3063\u305f\u304b\u3089\u826f\u304b\u3063\u305f\u304c\u3001\u4eca\u5f8c\u6b62\u307e\u3089\u306a\u3044\u4e8b\u614b\u306b\u306a\u3089\u306a\u3044\u3068\u672c\u5f53\u306b\u8a00\u3044\u5207\u308c\u308b\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u3082\u3057\u305d\u3046\u306a\u308c\u3070\u3001\u305d\u308c\u306f\u3082\u306f\u3084\u7834\u7dbb\u3057\u305f\u56fd\u5bb6\u306e\u5e02\u5834\u306b\u8d77\u304d\u308b\u52d5\u304d\u3067\u3042\u308b\u3002\u3060\u304b\u3089\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3053\u3046\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u305d\u308c\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5e02\u5834\u304c\u767a\u5c55\u9014\u4e0a\u56fd\u306e\u5e02\u5834\u306e\u3088\u3046\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u30b5\u30a4\u30f3\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u4f8b\u5916\u4e3b\u7fa9\u306e\u7d42\u7109<\/strong><\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u77ed\u671f\u7684\u306a\u52d5\u304d\u306f\u3001\u305d\u308c\u81ea\u4f53\u306f\u8105\u5a01\u3067\u306f\u306a\u3044\u3002\u9577\u671f\u7684\u306b\u898b\u308c\u3070\u3001\u91d1\u5229\u306f\u4eca\u306e\u3068\u3053\u308d\u3080\u3057\u308d\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u306f\u6b21\u306e\u3088\u3046\u306b\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\/2025\/09\/2025-9-02-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"520\" height=\"482\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/09\/2025-9-02-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-69869\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/09\/2025-9-02-us-10-year-treasury-bond-yield-chart.png 520w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/09\/2025-9-02-us-10-year-treasury-bond-yield-chart-300x278.png 300w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/figure>\n\n\n\n<p>\u3060\u304c4\u6708\u306e\u682a\u5b89\u3067\u306e\u52d5\u304d\u3082\u542b\u3081\u3001\u3053\u308c\u307e\u3067\u5f53\u7136\u3068\u601d\u308f\u308c\u3066\u3044\u305f\u30c9\u30eb\u3068\u7c73\u56fd\u50b5\u306e\u4f8b\u5916\u7684\u306a\u5f37\u3055\u304c\u5931\u308f\u308c\u304b\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u3069\u308c\u3060\u3051\u7de9\u548c\u3057\u3066\u3082\u30c9\u30eb\u306e\u5f37\u3055\u304c\u5931\u308f\u308c\u306a\u304b\u3063\u305f\u306e\u306f\u3001\u30c9\u30eb\u304c\u57fa\u8ef8\u901a\u8ca8\u3067\u3001\u3069\u308c\u3060\u3051\u30c9\u30eb\u3092\u5370\u5237\u3057\u3066\u3082\u4e16\u754c\u5404\u56fd\u304c\u30c9\u30eb\u3092\u8cb7\u3063\u3066\u304f\u308c\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u306e\u4e16\u754c\u5404\u56fd\u306f\u660e\u3089\u304b\u306b\u30c9\u30eb\u304b\u3089\u30b4\u30fc\u30eb\u30c9\u3078\u3068\u9003\u907f\u3057\u3066\u3044\u308b\u3002\u305d\u308c\u304c\u30c9\u30eb\u3068\u7c73\u56fd\u50b5\u306e\u5f31\u3055\u306b\u7e4b\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68119\" data-type=\"post\" data-id=\"68119\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u4e2d\u592e\u9280\u884c\u306e\u30c9\u30eb\u58f2\u308a\u30b4\u30fc\u30eb\u30c9\u8cb7\u3044\u304c\u91d1\u4fa1\u683c\u3092\u9ad8\u9a30\u3055\u305b\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7e8f\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30a2\u30e1\u30ea\u30ab\u3078\u306e\u4fe1\u983c\u306f\u3001\u7bc9\u304f\u306e\u306b\u306f\u4f55\u5341\u5e74\u3082\u304b\u304b\u3063\u305f\u304c\u3001\u58ca\u308c\u308b\u3068\u304d\u306b\u306f1\u6642\u9593\u3067\u58ca\u308c\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u305d\u306e\u72b6\u6cc1\u306b\u3084\u3084\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u3078\u306e\u4fe1\u983c\u306f\u5371\u3046\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4eca\u306e\u3068\u3053\u308d\u3001\u305d\u308c\u306f\u77ed\u671f\u7684\u306a\u5024\u52d5\u304d\u306b\u898b\u3089\u308c\u308b\u5146\u5019\u306b\u904e\u304e\u306a\u3044\u3002\u3060\u304c\u3001\u5c11\u3057\u524d\u307e\u3067\u305d\u308c\u306f\u5146\u5019\u3068\u3057\u3066\u3055\u3048\u4e00\u5207\u898b\u3089\u308c\u306a\u3044\u3082\u306e\u3060\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u3068\u89aa\u3057\u3044Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u6700\u8fd1\u767a\u58f2\u3055\u308c\u305f\u65b0\u8457\u300e<a href=\"https:\/\/amzn.to\/4kWfty4\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">How Countries Go Broke<\/a>\u300f\uff08\u4eee\u8a33\uff1a\u306a\u305c\u56fd\u5bb6\u306f\u7834\u7dbb\u3059\u308b\u306e\u304b\uff09\u306b\u304a\u3044\u3066\u3001\u65e5\u672c\u306e\u6025\u6fc0\u306a\u5186\u5b89\u306e\u4e8b\u4f8b\u306b\u3082\u89e6\u308c\u306a\u304c\u3089\u3001\u30c9\u30eb\u3082\u540c\u3058\u904b\u547d\u3092\u8fbf\u308b\u3068\u306e\u4e88\u60f3\u3092\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3069\u308c\u3060\u3051\u30c9\u30eb\u3092\u5370\u5237\u3057\u3066\u3082\u30c9\u30eb\u306e\u5f37\u3055\u304c\u5931\u308f\u308c\u306a\u304b\u3063\u305f\u6642\u4ee3\u304c\u7d42\u308f\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u305d\u306e\u6642\u4ee3\u306b\u304a\u3044\u3066\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u306f\u91d1\u878d\u7de9\u548c\u3092\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u30b7\u30ca\u30ea\u30aa\u901a\u308a\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306e\u65b0\u8457\u306f\u65e5\u672c\u8a9e\u7248\u304c\u51fa\u3066\u3044\u306a\u3044\u304c\u3001\u82f1\u8a9e\u304c\u8aad\u3081\u308b\u4eba\u306f\u539f\u8457\u3067\u8aad\u3080\u3053\u3068\u3092\u304a\u85a6\u3081\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/4kWfty4\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/61uYp1qd3WL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/4kWfty4\" target=\"_blank\" rel=\"noreferrer noopener\">How Countries Go Broke<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u3001Bloomberg\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118,120,19,108],"tags":[98],"class_list":["post-69848","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-usdjpy","category-foreign-exchange-market","category-bond-markets","tag-larry-summers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69848","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=69848"}],"version-history":[{"count":48,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69848\/revisions"}],"predecessor-version":[{"id":69897,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69848\/revisions\/69897"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=69848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=69848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=69848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}