{"id":70075,"date":"2025-09-08T20:00:00","date_gmt":"2025-09-08T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=70075"},"modified":"2025-09-08T01:08:01","modified_gmt":"2025-09-07T16:08:01","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e5%88%a9%e4%b8%8b%e3%81%92%e3%81%99%e3%82%8c%e3%81%b0%e7%b1%b3%e5%9b%bd%e5%82%b5%e6%9a%b4%e8%90%bd%e3%81%a7%e9%87%8f%e7%9a%84%e7%b7%a9%e5%92%8c%e5%86%8d","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/70075","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u5229\u4e0b\u3052\u3059\u308c\u3070\u7c73\u56fd\u50b5\u66b4\u843d\u3067\u91cf\u7684\u7de9\u548c\u518d\u958b\u306e\u53ef\u80fd\u6027"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\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<p>\u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91cf\u7684\u7de9\u548c\u518d\u958b\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u8ff0\u3079\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u5229\u4e0b\u3052\u3067\u9577\u671f\u91d1\u5229\u4e0a\u6607\u306e\u30ea\u30b9\u30af<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u3067\u3042\u308bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u4eca\u670817\u65e5\u306eFOMC\u4f1a\u5408\u3067\u5229\u4e0b\u3052\u3092\u518d\u958b\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u304c\u3001\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3001\u5229\u4e0b\u3052\u306b\u3088\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u304c\u518d\u767a\u3057\u3001\u653f\u7b56\u91d1\u5229\u306f\u4e0b\u304c\u3063\u3066\u3082\u9577\u671f\u91d1\u5229\u306f\u3080\u3057\u308d\u4e0a\u6607\u3059\u308b\u5371\u967a\u6027\u304c\u3042\u308b\u3068\u6307\u6458\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\/70065\" data-type=\"post\" data-id=\"70065\">\u30b5\u30de\u30fc\u30ba\u6c0f: 9\u6708\u306e\u7c73\u56fd\u5229\u4e0b\u3052\u3067\u9577\u671f\u91d1\u5229\u304c\u3080\u3057\u308d\u4e0a\u304c\u308b\u5371\u967a\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u8a18\u4e8b\u306b\u66f8\u3044\u305f\u304c\u3001\u5b9f\u969b\u306b\u53bb\u5e749\u6708\u306e\u5229\u4e0b\u3052\u958b\u59cb\u3067\u306f\u305d\u3046\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u8a18\u4e8b\u3067\u306f\u3001\u3082\u3057\u4eca\u56de\u3082\u5229\u4e0b\u3052\u3067\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u72b6\u6cc1\u306b\u306a\u308c\u3070\u3069\u3046\u306a\u308b\u304b\u306b\u3064\u3044\u3066\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3059\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>\u3082\u3057\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3053\u3068\u306b\u306a\u308c\u3070\u3001\u5927\u7d71\u9818\u3084\u305d\u306e\u5468\u8fba\u304c\u305a\u3063\u3068\u6279\u5224\u3057\u3066\u304d\u305f\u91cf\u7684\u7de9\u548c\u3092\u4f55\u3089\u304b\u306e\u5f62\u3067\u518d\u958b\u3059\u308b\u3068\u3044\u3046\u9078\u629e\u80a2\u3082\u3082\u3061\u308d\u3093\u3042\u308b\u3002<\/p>\n\n\n\n<p>Fed\u304b\u8ab0\u304b\u304c\u4ecb\u5165\u3057\u3066\u5927\u91cf\u306e\u9577\u671f\u56fd\u50b5\u3092\u8cb7\u3044\u652f\u3048\u308b\u304b\u3001\u3042\u308b\u3044\u306f\u9280\u884c\u3084\u5e74\u91d1\u57fa\u91d1\u306a\u3069\u306b\u9577\u671f\u56fd\u50b5\u306e\u8cfc\u5165\u3092\u5f37\u5236\u3059\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u50b5\u5238\u306b\u3068\u3063\u3066\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u306e\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u3002\u3060\u304b\u3089\u5229\u4e0b\u3052\u3067\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3066\u3057\u307e\u3046\u3068\u3044\u3046\u306e\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u3067\u7c73\u56fd\u50b5\u304c\u4e0b\u843d\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u306a\u308c\u3070\u3001\u653f\u5e9c\u304c\u5f71\u97ff\u3092\u53ca\u307c\u305b\u308b\u8ab0\u304b\u306b\u7c73\u56fd\u50b5\u3092\u8cb7\u3044\u652f\u3048\u3055\u305b\u308b\u3057\u304b\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u7c73\u56fd\u50b5\u306e\u4e0b\u843d\u30ea\u30b9\u30af<\/strong><\/p>\n\n\n\n<p>\u305f\u3060\u3067\u3055\u3048\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u306b\u307e\u3067\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u56fd\u50b5\u306e\u5229\u6255\u3044\u3092\u8cc4\u3046\u305f\u3081\u306e\u65b0\u898f\u56fd\u50b5\u767a\u884c\u3067\u7c73\u56fd\u50b5\u304c\u5e02\u5834\u306b\u6ea2\u308c\u304b\u3048\u308a\u3001\u8cb7\u3044\u624b\u4e0d\u8db3\u304b\u3089\u7c73\u56fd\u50b5\u304c\u4e0b\u843d\u3059\u308b\u30ea\u30b9\u30af\u304c\u61f8\u5ff5\u3055\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\/68656\" data-type=\"post\" data-id=\"68656\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u4e0d\u8db3\u554f\u984c\u3092\u7121\u8996\u3059\u308b\u91d1\u878d\u5e02\u5834\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306e\u71b1\u72c2\u3068\u540c\u3058<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304cFed\u3078\u306e\u7a4d\u6975\u4ecb\u5165\u3092\u59cb\u3081\u308b\u524d\u304b\u3089\u3001\u305d\u306e\u5bfe\u7b56\u306b\u3064\u3044\u3066\u306f\u8272\u3005\u8b70\u8ad6\u3055\u308c\u3066\u3044\u305f\u3002\u7279\u306b\u3001\u4eca\u56de\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u8a00\u53ca\u3057\u3066\u3044\u308b\u3001\u9280\u884c\u304c\u56fd\u50b5\u306e\u8cb7\u3044\u652f\u3048\u3092\u653f\u5e9c\u304b\u3089\u5f37\u8981\u3055\u308c\u308b\u30b7\u30ca\u30ea\u30aa\u306b\u3064\u3044\u3066\u306f\u3001\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u304c\u4f55\u5ea6\u3082\u8b66\u544a\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\/66123\" data-type=\"post\" data-id=\"66123\">\u30cd\u30a4\u30d4\u30a2\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u7c73\u56fd\u50b5\u4e0b\u843d\u3067\u8cc7\u672c\u7d71\u5236\u3092\u884c\u3046\u3068\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4f55\u6545\u305d\u308c\u304c\u5371\u967a\u304b\u3002\u9280\u884c\u306f\u9810\u91d1\u8005\u306e\u9810\u91d1\u3067\u56fd\u50b5\u3092\u8cb7\u3046\u306e\u3067\u3001\u5b9f\u8cea\u7684\u306b\u56fd\u50b5\u8cb7\u3044\u652f\u3048\u3092\u5f37\u8981\u3055\u308c\u308b\u306e\u306f\u9810\u91d1\u8005\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5358\u7d14\u306b\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3060\u3051\u3067\u3082\u305d\u306e\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u305f\u306e\u304c\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306b\u3088\u308c\u3070\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u3088\u308b\u91d1\u878d\u7de9\u548c\u306e\u3084\u308a\u904e\u304e\u306b\u3088\u3063\u3066\u305d\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u4f59\u8a08\u306b\u8fd1\u3065\u304f\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u91cf\u7684\u7de9\u548c\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002\u9577\u671f\u7684\u306b\u306f\u305d\u306e\u30b7\u30ca\u30ea\u30aa\u306f\u3001Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u65e2\u306b\u4e88\u60f3\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\/67560\" data-type=\"post\" data-id=\"67560\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u7248\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u308b\u30c9\u30eb\u66b4\u843d\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u8b66\u6212\u3059\u308b\u3088\u3046\u306b\u4eca\u6708\u5f8c\u534a\u306b\u5229\u4e0b\u3052\u304b\u3089\u9577\u671f\u91d1\u5229\u4e0a\u6607\u3068\u306a\u308c\u3070\u3001\u91cf\u7684\u7de9\u548c\u306f\u8ab0\u3082\u304c\u601d\u3063\u3066\u3044\u305f\u3088\u308a\u3082\u65e9\u304f\u6765\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u305d\u3057\u3066\u305d\u306e\u7d50\u679c\u306f\u9593\u9055\u3044\u306a\u304f\u30c9\u30eb\u306e\u6025\u843d\u3067\u3042\u308b\u3002<\/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>\u305d\u306e\u9053\u306b\u4e00\u5ea6\u5165\u308c\u3070\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u306e\u5065\u5168\u3055\u306b\u975e\u5e38\u306b\u6df1\u523b\u306a\u30c0\u30e1\u30fc\u30b8\u3092\u4e0e\u3048\u3001\u5e83\u7bc4\u306a\u7d50\u679c\u3092\u3082\u305f\u3089\u3059\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c9\u30eb\u306e\u4fa1\u5024\u4e0b\u843d\u3092\u5bdf\u77e5\u3057\u305f\u91d1\u76f8\u5834\u3068\u9280\u76f8\u5834\u306f\u65e2\u306b\u4e0a\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\/69898\" data-type=\"post\" data-id=\"69898\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u5229\u4e0b\u3052\u5727\u529b\u306f\u7c73\u56fd\u50b5\u304b\u3089\u30b4\u30fc\u30eb\u30c9\u3078\u306e\u8cc7\u91d1\u9003\u907f\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/70024\" data-type=\"post\" data-id=\"70024\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u30b7\u30eb\u30d0\u30fc\u306f\u30b4\u30fc\u30eb\u30c9\u3088\u308a\u5927\u304d\u304f\u4e0a\u6607\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30b3\u30ed\u30ca\u524d\u306b\u767a\u8868\u3057\u305f\u524d\u3005\u8457\u3067\u73fe\u91d1\u7d66\u4ed8\u3092\u4e88\u60f3\u3057\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u306e\u524d\u5e74\u306b\u51fa\u7248\u3057\u305f\u524d\u8457\u3067\u6226\u4e89\u52c3\u767a\u3092\u4e88\u60f3\u3057\u305f\u30c0\u30ea\u30aa\u6c0f\u304c\u3001\u6700\u8fd1\u51fa\u3057\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\u3067\u6b21\u306b\u4e88\u60f3\u3057\u3066\u3044\u308b\u306e\u304c\u30c9\u30eb\u306e\u66b4\u843d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u82f1\u8a9e\u7248\u3057\u304b\u51fa\u3066\u3044\u306a\u3044\u304c\u3001\u5fc5\u8aad\u306e\u672c\u3067\u3042\u308b\u3002\u65e5\u672c\u8a9e\u7248\u304c\u51fa\u308b\u9803\u306b\u306f\u6050\u3089\u304f\u30c9\u30eb\u4e0b\u843d\u306f\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u308b\u3060\u308d\u3046\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\u7d4c\u6e08\u5b66\u8005\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 \u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91cf\u7684\u7de9\u548c\u518d\u958b\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u8ff0\u3079\u3066\u3044\u308b\u90e8\u5206\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":[7,98],"class_list":["post-70075","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-quantitative-easing","tag-larry-summers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/70075","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=70075"}],"version-history":[{"count":37,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/70075\/revisions"}],"predecessor-version":[{"id":70146,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/70075\/revisions\/70146"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=70075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=70075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=70075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}