{"id":71015,"date":"2025-10-07T20:00:00","date_gmt":"2025-10-07T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=71015"},"modified":"2025-10-07T15:19:22","modified_gmt":"2025-10-07T06:19:22","slug":"%e9%bb%84%e5%9b%bd%e6%9d%be%e6%b0%8f-%e3%83%a6%e3%83%bc%e3%83%ad%e5%8d%b1%e6%a9%9f%e3%80%81%e3%82%a2%e3%83%99%e3%83%8e%e3%83%9f%e3%82%af%e3%82%b9%e3%81%ae%e6%ac%a1%e3%81%af%e3%82%a2%e3%83%a1%e3%83%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/71015","title":{"rendered":"\u9ec4\u56fd\u677e\u6c0f: 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2025\u306b\u304a\u3051\u308b\u5bfe\u8ac7\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u3001\u30c9\u30eb\u306e\u9577\u671f\u7684\u4fa1\u5024\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u6e08\u653f\u7b56\u3068\u30c9\u30eb<\/strong><\/p>\n\n\n\n<p>\u30c9\u30eb\u5efa\u3066\u8cc7\u7523\u306f\u3053\u308c\u307e\u3067\u7d20\u6674\u3089\u3057\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u767a\u63ee\u3057\u3066\u304d\u305f\u3002\u7c73\u56fd\u682a\u306f\u5927\u304d\u304f\u4e0a\u6607\u3057\u3001\u91cf\u7684\u7de9\u548c\u3084\u73fe\u91d1\u7d66\u4ed8\u3092\u884c\u3063\u3066\u3082\u30c9\u30eb\u304c\u305d\u308c\u307b\u3069\u4e0b\u843d\u3059\u308b\u3053\u3068\u306f\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306b\u540c\u3058\u3053\u3068\u3092\u3057\u3088\u3046\u3068\u3057\u305f\u30a4\u30ae\u30ea\u30b9\u306e\u30c8\u30e9\u30b9\u653f\u6a29\u3067\u306f\u3001\u5373\u5ea7\u306b\u901a\u8ca8\u3068\u56fd\u50b5\u3068\u682a\u4fa1\u304c\u6025\u843d\u3057\u305f\u306e\u306b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u305d\u3046\u306a\u3063\u3066\u3044\u306a\u3044\u304b\u3002\u305d\u308c\u306f1\u3064\u306b\u306f\u3001\u30c9\u30eb\u304c\u4e16\u754c\u4e2d\u3067\u6c7a\u6e08\u3084\u9810\u91d1\u306b\u4f7f\u308f\u308c\u3066\u3044\u308b\u57fa\u8ef8\u901a\u8ca8\u3067\u3042\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u3069\u308c\u3060\u3051\u30c9\u30eb\u306e\u767a\u884c\u91cf\u3092\u5897\u3084\u3057\u3066\u3082\u4e16\u754c\u4e2d\u306e\u4eba\u3005\u304c\u30c9\u30eb\u3092\u8cb7\u3063\u3066\u304d\u305f\u3068\u3044\u3046\u3053\u3068\u304c\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u9ec4\u6c0f\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u7de9\u548c\u3084\u7d19\u5e63\u5370\u5237\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u306a\u304b\u3063\u305f\u7406\u7531\u306b\u3064\u3044\u3066\u3001\u5225\u306e\u7406\u7531\u3092\u6319\u3052\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30c9\u30eb\u3068\u30e6\u30fc\u30ed\u5371\u6a5f<\/strong><\/p>\n\n\n\n<p>\u9ec4\u6c0f\u306b\u3088\u308c\u3070\u3001\u3053\u308c\u307e\u3067\u30c9\u30eb\u304c\u91d1\u878d\u7de9\u548c\u3067\u3082\u4e0b\u843d\u3057\u3066\u3044\u306a\u3044\u7406\u7531\u306f\u3001\u4ed6\u56fd\u306e\u72b6\u6cc1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9ec4\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>\u30a2\u30e1\u30ea\u30ab\u306e\u3053\u308c\u307e\u3067\u306e\u72b6\u6cc1\u3067\u8a00\u3048\u3070\u3001\u4ed6\u306e\u56fd\u304c\u5e38\u306b\u30a2\u30e1\u30ea\u30ab\u3088\u308a\u9177\u3044\u72b6\u614b\u3060\u3063\u305f\u3002\u305d\u308c\u3067\u300c\u30a2\u30e1\u30ea\u30ab\u4f8b\u5916\u4e3b\u7fa9\u300d\u3068\u3044\u3046\u3053\u3068\u304c\u8a00\u308f\u308c\u3066\u304d\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9ec4\u6c0f\u304c\u805e\u304d\u624b\u306b\u601d\u8003\u3092\u4fc3\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u3053\u305310\u5e74\u307b\u3069\u306e\u9593\u3001\u30a2\u30e1\u30ea\u30ab\u4ee5\u5916\u306e\u56fd\u306e\u7d4c\u6e08\u304c\u3069\u3046\u3044\u3046\u72b6\u6cc1\u3060\u3063\u305f\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9ec4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u30e6\u30fc\u30ed\u570f\u306e\u8a71\u304b\u3089\u59cb\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>2012\u5e74\u306b\u623b\u308d\u3046\u30022012\u5e74\u306b\u306f\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u304c\u3042\u3063\u305f\u3002\u30e6\u30fc\u30ed\u306f\u30c9\u30eb\u306b\u6b21\u3050\u901a\u8ca8\u3060\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u3063\u3066\u3044\u305f\u3002\u3060\u304c\u30ae\u30ea\u30b7\u30e3\u3084\u30a4\u30bf\u30ea\u30a2\u304c\u554f\u984c\u306b\u76f4\u9762\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u3068\u306f\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u5f8c\u3001\u30e6\u30fc\u30ed\u570f\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u5acc\u3046\u30c9\u30a4\u30c4\u4eba\u3068\u9ad8\u91d1\u5229\u306b\u8010\u3048\u3089\u308c\u306a\u3044\u5357\u6b27\u8af8\u56fd\u306e\u9593\u3067\u4e89\u3044\u304c\u8d77\u304d\u3001\u5927\u56fd\u30c9\u30a4\u30c4\u306e\u610f\u898b\u304c\u901a\u3063\u305f\u7d50\u679c\u3001\u5357\u6b27\u8af8\u56fd\u306e\u7d4c\u6e08\u304c\u30c9\u30a4\u30c4\u5411\u3051\u306b\u8a2d\u5b9a\u3055\u308c\u305f\u91d1\u5229\u3068\u70ba\u66ff\u30ec\u30fc\u30c8\u306b\u8010\u3048\u3089\u308c\u305a\u7834\u7dbb\u306e\u5371\u6a5f\u306b\u9665\u3063\u305f\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\/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>\u3053\u306e\u6642\u7d50\u5c40\u306f\u30c9\u30a4\u30c4\u306f\u30ae\u30ea\u30b7\u30e3\u3092\u6551\u6e08\u305b\u3056\u308b\u3092\u5f97\u305a\u3001\u30c9\u30a4\u30c4\u4eba\u306f\u6298\u308c\u3066\u91d1\u878d\u7de9\u548c\u306b\u540c\u610f\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u9ec4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\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>\u30e6\u30fc\u30ed\u570f\u304c\u7d4c\u6e08\u5371\u6a5f\u306b\u306a\u308a\u3001\u30de\u30ea\u30aa\u30fb\u30c9\u30e9\u30ae\u7dcf\u88c1\u304c\u300c\u5fc5\u8981\u306a\u3053\u3068\u306f\u4f55\u3067\u3082\u3084\u308b\u300d\u3068\u8a00\u3063\u3066\u91d1\u5229\u3092\u30bc\u30ed\u3084\u30de\u30a4\u30ca\u30b9\u306b\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u8cc7\u91d1\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u304b\u3089\u6d41\u51fa\u3057\u3066\u4f55\u51e6\u306b\u884c\u3063\u305f\u304b\uff1f\u3000\u30a2\u30e1\u30ea\u30ab\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91d1\u878d\u7de9\u548c\u306b\u3088\u3063\u3066\u30e6\u30fc\u30ed\u306f\u5927\u304d\u304f\u4e0b\u843d\u3057\u305f\u3002\u30e6\u30fc\u30ed\u570f\u3067\u306f\u91d1\u5229\u304c\u4f4e\u304f\u306a\u3063\u305f\u306e\u3067\u3001\u9ad8\u91d1\u5229\u3092\u6c42\u3081\u3066\u30c9\u30eb\u306b\u8cc7\u91d1\u304c\u96c6\u307e\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u9ec4\u6c0f\u304c\u8a00\u3044\u305f\u3044\u306e\u306f\u3053\u306e\u3053\u3068\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u5f7c\u306f\u3001\u30c9\u30eb\u3082\u91d1\u878d\u7de9\u548c\u3092\u3057\u3066\u3044\u305f\u304c\u3001\u4ed6\u306e\u56fd\u306e\u901a\u8ca8\u304c\u3082\u3063\u3068\u4e0b\u304c\u3063\u305f\u305f\u3081\u306b\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u3066\u3044\u306a\u3044\u3088\u3046\u306b\u898b\u3048\u308b\u3060\u3051\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30c9\u30eb\u3068\u30a2\u30d9\u30ce\u30df\u30af\u30b9<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u306f\u3001\u30e6\u30fc\u30ed\u570f\u3060\u3051\u306e\u8a71\u3067\u306f\u306a\u304b\u3063\u305f\u3002\u540c\u3058\u6642\u671f\u306b\u65e5\u672c\u304c\u4f55\u3092\u3057\u3066\u3044\u305f\u304b\u3092\u601d\u3044\u51fa\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u9ec4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\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>2013\u5e74\u3001\u65e5\u672c\u306e\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u3060\u3002\u65e5\u9280\u306e\u9ed2\u7530\u7dcf\u88c1\u304c\u300c\u5fc5\u8981\u306a\u3053\u3068\u306f\u4f55\u3067\u3082\u3084\u308b\u300d\u3068\u8a00\u3063\u3066\u91d1\u5229\u3092\u30de\u30a4\u30ca\u30b9\u307e\u3067\u5f15\u304d\u4e0b\u3052\u305f\u3002\u65e5\u672c\u3092\u30c7\u30d5\u30ec\u304b\u3089\u8131\u5374\u3055\u305b\u308b\u3068\u6c7a\u5fc3\u3057\u3066\u3044\u305f\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u3069\u3046\u306a\u3063\u305f\u304b\uff1f\u3000\u83ab\u5927\u306a\u91cf\u306e\u8cc7\u91d1\u304c\u65e5\u672c\u306e\u5e74\u91d1\u57fa\u91d1\u3084\u4fdd\u967a\u4f1a\u793e\u3084\u9280\u884c\u304b\u3089\u30a2\u30e1\u30ea\u30ab\u306b\u6d41\u308c\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u3063\u3066\u5186\u5b89\u306b\u306a\u308a\u3001\u65e5\u672c\u306e\u91d1\u5229\u304c\u4e0b\u304c\u3063\u305f\u3053\u3068\u3067\u3001\u65e5\u672c\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3084\u500b\u4eba\u6295\u8cc7\u5bb6\u306f\u5916\u8ca8\u9810\u91d1\u3084\u5916\u8ca8\u5efa\u3066\u306e\u91d1\u878d\u8cc7\u7523\u3092\u8cb7\u3044\u306b\u8d70\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u9ec4\u6c0f\u306b\u3088\u308c\u3070\u3001\u305d\u308c\u306f\u7c73\u56fd\u682a\u304c\u30ea\u30fc\u30de\u30f3\u30fb\u30b7\u30e7\u30c3\u30af\u5f8c\u306b\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f\u8981\u56e0\u306e1\u3064\u3067\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9ec4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\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>\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u306f\u305d\u308c\u307b\u3069\u9ad8\u304f\u306a\u304b\u3063\u305f\u305f\u3081\u3001\u8cc7\u91d1\u306f\u7c73\u56fd\u682a\u306b\u6d41\u308c\u305f\u3002\u305d\u308c\u3067S&amp;P 500\u304c\u53f2\u4e0a\u6700\u9ad8\u5024\u3068\u306a\u3063\u305f\u7406\u7531\u3060\u3002\u30cf\u30a4\u30c6\u30af\u30d6\u30fc\u30e0\u3082\u3042\u3063\u305f\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u4f8b\u5916\u4e3b\u7fa9\u306e\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u3001\u78ba\u304b\u306b\u91d1\u878d\u7de9\u548c\u3092\u3057\u3066\u3044\u305f\u3002\u3060\u304c\u3001\u4ed6\u306e\u56fd\u306e\u7de9\u548c\u306e\u72b6\u6cc1\u306f\u30a2\u30e1\u30ea\u30ab\u3088\u308a\u9177\u304b\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u3001\u30c9\u30eb\u304c\u30e6\u30fc\u30ed\u3084\u5186\u306b\u5bfe\u3057\u3066\u4e0b\u304c\u308b\u3053\u3068\u306f\u306a\u304b\u3063\u305f\u3002\u3060\u304c\u3001\u8ab0\u3082\u4fa1\u5024\u3092\u62bc\u3057\u4e0b\u3052\u3089\u308c\u306a\u3044\u30b4\u30fc\u30eb\u30c9\u3060\u3051\u306f\u4e00\u8cab\u3057\u3066\u4e0a\u304c\u308a\u7d9a\u3051\u3001\u30c9\u30eb\u304b\u3089\u3082\u78ba\u304b\u306b\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u7d9a\u3051\u3066\u3044\u308b\u306e\u3060\u3068\u3044\u3046\u8a3c\u660e\u306b\u306a\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\/67652\" data-type=\"post\" data-id=\"67652\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u91d1\u4fa1\u683c\u306f\u30c9\u30eb\u7d19\u5e63\u304c\u5b8c\u5168\u306b\u4fa1\u5024\u3092\u5931\u3046\u307e\u3067\u4e0a\u304c\u308a\u7d9a\u3051\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4eba\u3005\u306f\u6c17\u3065\u3044\u3066\u3044\u306a\u3044\u304c\u3001\u30c9\u30eb\u306e\u4fa1\u5024\u306f\u4e0b\u304c\u308a\u7d9a\u3051\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u305f\u3060\u3001\u5186\u3084\u30e6\u30fc\u30ed\u304c\u305d\u308c\u4ee5\u4e0a\u306b\u4e0b\u304c\u3063\u305f\u305f\u3081\u306b\u3001\u70ba\u66ff\u30ec\u30fc\u30c8\u306b\u306f\u8868\u308c\u3066\u3044\u306a\u3044\u3060\u3051\u3060\u3002<\/p>\n\n\n\n<p>\u9ec4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\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>\u3053\u306e12\u5e74\u9593\u306e\u72b6\u6cc1\u3053\u305d\u304c\u3001\u4eba\u3005\u304c\u73fe\u5b9f\u306b\u76f4\u9762\u3059\u308b\u306e\u3092\u9045\u308c\u3055\u305b\u305f\u3002\u305d\u3057\u3066\u8ab0\u3082\u304c\u300c\u30a2\u30e1\u30ea\u30ab\u306f\u4f8b\u5916\u3060\u300d\u3068\u601d\u3046\u3088\u3046\u306b\u306a\u3063\u305f\u3002\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u306f\u3001\u7d4c\u6e08\u6210\u9577\u3068\u3044\u3046\u89b3\u70b9\u3067\u3082\u8cc7\u91d1\u8abf\u9054\u3068\u3044\u3046\u89b3\u70b9\u3067\u3082\u4f8b\u5916\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u304c\u672c\u5f53\u306b\u305d\u3093\u306a\u306b\u7d20\u6674\u3089\u3057\u3044\u306a\u3089\u3001\u4f55\u6545\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u305d\u308c\u3092\u3082\u3046\u4e00\u5ea6\u5049\u5927\u306b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u8a71\u3092\u73fe\u4ee3\u306b\u623b\u305d\u3046\u3002\u4eca\u3001\u30c9\u30eb\u3068\u5186\u3068\u30e6\u30fc\u30ed\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\uff1f\u3000\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u3082\u65e5\u672c\u3067\u3082\u7279\u306b\u9577\u671f\u306e\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u304a\u308a\u3001\u7279\u306b\u65e5\u672c\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u306e\u305f\u3081\u91d1\u878d\u7de9\u548c\u304c\u96e3\u3057\u3044\u72b6\u6cc1\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u4eca\u304b\u3089\u91d1\u878d\u7de9\u548c\u3092\u884c\u304a\u3046\u3068\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\/68740\" data-type=\"post\" data-id=\"68740\">\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u5f8c\u4efb\u306f\u5e74\u5185\u306b\u767a\u8868\u3055\u308c\u3001\u91d1\u878d\u7de9\u548c\u3092\u78ba\u5b9f\u306b\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u304c3%\u3092\u8d8a\u3048\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3067\u3042\u308a\u3001\u3057\u304b\u3082\u65e5\u672c\u3084\u30e6\u30fc\u30ed\u570f\u306f\u540c\u3058\u3088\u3046\u306a\u7de9\u548c\u306b\u306f\u4e57\u308a\u51fa\u3057\u305d\u3046\u306b\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7de9\u548c\u306f\u3001\u3053\u308c\u307e\u3067\u306e\u7de9\u548c\u3068\u306f\u4f55\u3082\u304b\u3082\u9055\u3046\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\/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>\u305d\u3082\u305d\u3082\u3053\u308c\u307e\u3067\u306e\u30c9\u30eb\u5b89\u306f\u3001\u305d\u308c\u3088\u308a\u3082\u9177\u3044\u5186\u5b89\u3068\u30e6\u30fc\u30ed\u5b89\u3067\u8986\u3044\u96a0\u3055\u308c\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u901a\u8ca8\u306b\u95a2\u3059\u308b\u30c8\u30ea\u30c3\u30af\u306f\u3001\u30a2\u30c0\u30e0\u30fb\u30b9\u30df\u30b9\u6c0f\u304c\u3042\u306e\u6709\u540d\u306a\u300e<a href=\"https:\/\/amzn.to\/3V0tgK2\" target=\"_blank\" rel=\"noreferrer noopener\">\u56fd\u5bcc\u8ad6<\/a>\u300f\u3067\u5206\u304b\u308a\u3084\u3059\u304f\u30c8\u30ea\u30c3\u30af\u3092\u66b4\u3044\u3066\u3044\u305f\u3082\u306e\u306a\u306e\u3060\u304c\u3001\u8ab0\u3082\u3053\u3046\u3044\u3046\u672c\u3092\u8aad\u307e\u306a\u3044\u305b\u3044\u3067\u4eba\u985e\u306f\u4f55\u5ea6\u3067\u3082\u540c\u3058\u30c8\u30ea\u30c3\u30af\u306b\u9a19\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/58253\" data-type=\"post\" data-id=\"58253\">\u30a2\u30c0\u30e0\u30fb\u30b9\u30df\u30b9\u6c0f\u3001\u901a\u8ca8\u306e\u4fa1\u5024\u304c\u4e0b\u843d\u3057\u3066\u3082\u4e00\u822c\u306e\u4eba\u3005\u304c\u6c17\u3065\u304b\u306a\u3044\u7406\u7531\u3092\u8aac\u660e\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3082\u3046\u305d\u306e\u30c8\u30ea\u30c3\u30af\u306f\u306a\u3044\u3002\u305d\u3057\u3066\u91d1\u4fa1\u683c\u306f\u305d\u3082\u305d\u3082\u3001\u305d\u306e\u30c8\u30ea\u30c3\u30af\u306b\u306f\u9a19\u3055\u308c\u305a\u306b\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3044\u308b\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\/70865\" data-type=\"post\" data-id=\"70865\">\u30b4\u30fc\u30eb\u30c9\u3092\u63a8\u5968\u3059\u308b\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u3001\u3059\u3079\u3066\u306e\u901a\u8ca8\u3092\u9177\u8a55<\/a><\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/3V0tgK2\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/61IehJX+0rL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/3V0tgK2\" target=\"_blank\" rel=\"noreferrer noopener\">\u56fd\u5bcc\u8ad6<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306e\u56fd\u5bb6\u30d5\u30a1\u30f3\u30c9\u3067\u3042\u308bGIC\u3092\u904b\u7528\u3057\u3066\u3044\u305f\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3042\u308b\u9ec4\u56fd\u677e\u6c0f\u3068\u3001Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u3001FutureChina Global Forum 2025\u306b\u304a\u3051\u308b\u5bfe\u8ac7\u3092 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/71015\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u9ec4\u56fd\u677e\u6c0f: \u30e6\u30fc\u30ed\u5371\u6a5f\u3001\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306e\u6b21\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u30c9\u30eb\u4e0b\u843d<\/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":[120,134,19],"tags":[212],"class_list":["post-71015","post","type-post","status-publish","format-standard","hentry","category-usdjpy","category-eur","category-foreign-exchange-market","tag-ng-kok-song"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/71015","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=71015"}],"version-history":[{"count":55,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/71015\/revisions"}],"predecessor-version":[{"id":71070,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/71015\/revisions\/71070"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=71015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=71015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=71015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}