{"id":7173,"date":"2018-01-09T19:55:48","date_gmt":"2018-01-09T10:55:48","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=7173"},"modified":"2018-01-09T18:35:25","modified_gmt":"2018-01-09T09:35:25","slug":"%e3%83%91%e3%82%a6%e3%82%a8%e3%83%ab%e6%96%b0%e8%ad%b0%e9%95%b7%e3%80%812012%e5%b9%b4%e3%81%ab%e9%87%8f%e7%9a%84%e7%b7%a9%e5%92%8c%e3%81%ab%e9%9b%a3%e8%89%b2","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7173","title":{"rendered":"\u30d1\u30a6\u30a8\u30eb\u65b0\u8b70\u9577\u30012012\u5e74\u306b\u91cf\u7684\u7de9\u548c\u306b\u96e3\u8272"},"content":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u306b\u76f8\u5f53\u3059\u308bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u8b70\u9577\u3068\u3057\u3066\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u3092\u9032\u3081\u305f\u30b8\u30e3\u30cd\u30c3\u30c8\u30fb\u30a4\u30a8\u30ec\u30f3\u6c0f\u306e\u5f8c\u3092\u7d99\u3050\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u3001\u30d0\u30fc\u30ca\u30f3\u30ad\u8b70\u9577\u6642\u4ee3\u306e2012\u5e74\u306b\u3001\u91cf\u7684\u7de9\u548c\u7b2c3\u5f3e\u306e\u958b\u59cb\u306b\u96e3\u8272\u3092\u793a\u3057\u3066\u3044\u305f\u3053\u3068\u304c1\u67085\u65e5\u306b\u516c\u958b\u3055\u308c\u305f\u8b70\u4e8b\u9332\u3067\u660e\u3089\u304b\u306b\u306a\u3063\u305f\u3002<\/p>\n<p><a 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rel=\"noopener\">\u30ed\u30a4\u30bf\u30fc<\/a>\u306a\u3069\u304c\u5831\u3058\u3066\u3044\u308b\u304c\u3001\u3053\u3053\u3067\u306f\u3088\u308a\u6398\u308a\u4e0b\u3052\u3066\u304a\u4f1d\u3048\u3057\u3088\u3046\u3002<\/p>\n<p><!--more--><strong>2012\u5e74\u306e\u30d1\u30a6\u30a8\u30eb\u6c0f<\/strong><\/p>\n<p>\u30a4\u30a8\u30ec\u30f3\u6c0f\u306e\u4efb\u671f\u7d42\u4e86\u5f8c\u30012018\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u653f\u7b56\u306f\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u59d4\u306d\u3089\u308c\u308b\u3002\u305d\u3057\u3066\u91d1\u878d\u653f\u7b56\u306b\u304a\u3051\u308b\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u65b9\u91dd\u3092\u77e5\u308b\u305f\u3081\u306b\u306f\u904e\u53bb\u306e\u8b70\u8ad6\u3092\u8abf\u3079\u308b\u306e\u304c\u4e00\u756a\u3060\u304c\u30012012\u5e74\u5206\u306e\u8b70\u4e8b\u9332\u304c\u516c\u958b\u3055\u308c\u305f\u306e\u3067\u3001\u305d\u306e\u4e2d\u304b\u3089\u91cf\u7684\u7de9\u548c\u7b2c3\u5f3e\uff08QE3\uff09\u306e\u958b\u59cb\u304c\u6c7a\u5b9a\u3055\u308c\u305f9\u6708\u306eFOMC\u4f1a\u5408\u306e\u8b70\u4e8b\u9332\u3092\u53d6\u308a\u51fa\u3057\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u91cf\u7684\u7de9\u548c\u306b\u5bfe\u3057\u3066\u3069\u306e\u3088\u3046\u306a\u5224\u65ad\u3092\u3057\u3066\u3044\u305f\u306e\u304b\u3092\u8abf\u3079\u3066\u307f\u305f\u3044\u3002<\/p>\n<p>2012\u5e749\u6708\u306e\u4f1a\u5408\u3067\u306f\u3001\u4e3b\u306b\u30d0\u30fc\u30ca\u30f3\u30ad\u8b70\u9577\uff08\u5f53\u6642\uff09\u306e\u4e3b\u5c0e\u306b\u3088\u308a\u91cf\u7684\u7de9\u548c\u7b2c3\u5f3e\u306e\u958b\u59cb\u304c\u6c7a\u5b9a\u3055\u308c\u305f\u30022008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u304b\u3089\u5df2\u306b4\u5e74\u304c\u7d4c\u904e\u3057\u3066\u304a\u308a\u3001\u91cf\u7684\u7de9\u548c\u306e\u5fc5\u8981\u6027\u306b\u7591\u554f\u3092\u5448\u3057\u305f\u53c2\u52a0\u8005\u3082\u591a\u304b\u3063\u305f\u304c\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u61d0\u7591\u7684\u306a\u5074\u3060\u3063\u305f\u3088\u3046\u3067\u3042\u308b\u3002\u5f7c\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u73fe\u5728\u306eFed\u306e\u65b9\u91dd\u306b\u3044\u3055\u3055\u304b\u5c45\u5fc3\u5730\u3092\u60aa\u304f\u611f\u3058\u3066\u3044\u308b\u3002\u4ed6\u306e\u53c2\u52a0\u8005\u3082\u6307\u6458\u3057\u305f\u901a\u308a\u3001\u73fe\u5728\u306f2012\u5e74\u3067\u3042\u308a\u3001\u7de9\u548c\u304c\u5fc5\u8981\u3067\u3042\u3063\u305f2008\u5e74\u30842009\u5e74\u30842010\u5e74\u3067\u306f\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>Fed\u306e\u884c\u52d5\u304c\u5fc5\u8981\u3068\u306a\u308b\u3088\u3046\u306a\u3001\u76ee\u7acb\u3063\u305f\u30c7\u30d5\u30ec\u3084\u666f\u6c17\u5f8c\u9000\u3001\u91d1\u878d\u5371\u6a5f\u306a\u3069\u306e\u8105\u5a01\u3082\u306a\u3044\u3002<\/p>\n<p>\u308f\u305f\u3057\u306e\u61f8\u5ff5\u306f\u3001Fed\u306e\u653f\u7b56\u304c\u50c5\u304b\u306a\u52b9\u679c\u306e\u305f\u3081\u306b\u5c06\u6765\u7684\u306a\u30ea\u30b9\u30af\u3092\u7a4d\u307f\u4e0a\u3052\u3001\u3057\u304b\u3082\u305d\u308c\u304c\u7fd2\u6163\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n<p>\u5dee\u3057\u8feb\u3063\u305f\u5fc5\u8981\u304c\u306a\u3051\u308c\u3070\u4e2d\u592e\u9280\u884c\u306f\u904e\u5ea6\u306b\u7d4c\u6e08\u306b\u5e72\u6e09\u3059\u3079\u304d\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3001\u300c\u5c0f\u3055\u306a\u653f\u5e9c\u300d\u3092\u6a19\u699c\u3059\u308b\u30a2\u30e1\u30ea\u30ab\u5171\u548c\u515a\u7684\u306a\u8003\u3048\u65b9\u3067\u3042\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u3068\u4e0e\u515a\u5171\u548c\u515a\u304c\u30d1\u30a6\u30a8\u30eb\u6c0f\u3092\u9078\u3093\u3060\u7406\u7531\u306f\u3001\u307e\u3055\u306b\u305d\u3053\u306b\u3042\u308b\u3002\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u3001\u3053\u3046\u3057\u305f\u30bf\u30ab\u6d3e\u7684\u306a\u8003\u3048\u65b9\u306f\u30c9\u30eb\u9ad8\u3092\u610f\u5473\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p><strong>\u4e2d\u592e\u9280\u884c\u5bb6\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u624b\u8155<\/strong><\/p>\n<p>\u3057\u304b\u3057\u554f\u984c\u306f\u3001\u30ed\u30a4\u30bf\u30fc\u306e\u8a18\u4e8b\u3082\u6307\u6458\u3057\u3066\u3044\u308b\u901a\u308a\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u305d\u3046\u6c7a\u65ad\u3057\u305f\u7406\u7531\u3067\u3042\u308b\u3002<\/p>\n<p>\u30a4\u30a8\u30ec\u30f3\u6c0f\u3084\u30d0\u30fc\u30ca\u30f3\u30ad\u6c0f\u306b\u9650\u3089\u305a\u3001\u4e2d\u592e\u9280\u884c\u5bb6\u3068\u306fGDP\u3084\u52b4\u50cd\u5e02\u5834\u3001\u8caf\u84c4\u7387\u306a\u3069\u306e\u7d4c\u6e08\u7d71\u8a08\u3092\u3082\u3068\u306b\u5b9f\u4f53\u7d4c\u6e08\u3092\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u7684\u306b\u89b3\u5bdf\u3057\u3001\u4eca\u5f8c\u306e\u52d5\u5411\u3092\u8003\u3048\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u308b\u3002\u3057\u304b\u3057Fed\u306e\u7406\u4e8b\u306b\u306a\u308b\u524d\u306e\u7d4c\u6b74\u3068\u3057\u3066\u306f\u4e3b\u306b\u4f01\u696d\u8cb7\u53ce\u3092\u884c\u3046\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u6295\u8cc7\u3092\u5c02\u9580\u3068\u3057\u3066\u3044\u305f\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u500b\u3005\u306e\u4f01\u696d\u3092\u89b3\u5bdf\u3059\u308b\u5c02\u9580\u5bb6\u3067\u3042\u308a\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u306e\u5c02\u9580\u7684\u77e5\u8b58\u304c\u306a\u3044\u3002<\/p>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001FOMC\u4f1a\u5408\u306b\u304a\u3044\u3066\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u7684\u306b\u8a71\u3092\u9032\u3081\u308b\u30a4\u30a8\u30ec\u30f3\u6c0f\u3084\u30d0\u30fc\u30ca\u30f3\u30ad\u6c0f\u3068\u306f\u7570\u306a\u308a\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u8b70\u8ad6\u306f\u4f8b\u3048\u3070\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u6295\u8cc7\u5bb6\u306f3\u5e74\u304b\u30895\u5e74\u306e\u30b9\u30d1\u30f3\u3067\u4f01\u696d\u306b\u6295\u8cc7\u3092\u3059\u308b\u306e\u3060\u304c\u3001\u308f\u305f\u3057\u304c\u5b9f\u969b\u306b\u8a71\u3057\u305f\u591a\u304f\u306e\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u6295\u8cc7\u4f1a\u793e\u306f\u3001\u4f1a\u793e\u306e\u898f\u6a21\u306b\u304b\u304b\u308f\u3089\u305a\u3001\u4eca\u304c\u8cb7\u3044\u6642\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n<p>\u5f7c\u3089\u306e\u5f37\u6c17\u306a\u76f8\u5834\u89b3\u306f\u3001\u6b21\u306e\u4f55\u30f6\u6708\u304b\u3092\u4e88\u8a00\u3059\u308b\u305f\u3081\u306b\u306f\u4f55\u306e\u5f79\u306b\u3082\u7acb\u305f\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u3088\u308a\u9577\u671f\u3092\u898b\u308c\u3070\u4f55\u3089\u304b\u306e\u5146\u5019\u3092\u793a\u3057\u3066\u3044\u308b\u3082\u306e\u3060\u3068\u4fe1\u3058\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u5f7c\u3089\u306f\u7686\u975e\u5e38\u306b\u6210\u529f\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3067\u3001\u4e00\u90e8\u306f\u9577\u671f\u9593\u306b\u6e21\u3063\u3066\u512a\u308c\u305f\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u793a\u3057\u7d9a\u3051\u3066\u3044\u308b\u4eba\u7269\u3082\u304a\u308a\u3001\u5f7c\u3089\u306f\u6b21\u306e\u6570\u5e74\u306b\u9ad8\u3044\u7d4c\u6e08\u6210\u9577\u3092\u4e88\u611f\u3057\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u5f7c\u3089\u306f\u3001\u5358\u306b\u305d\u308c\u304c\u81ea\u5206\u306e\u610f\u898b\u3060\u3068\u3044\u3046\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u5b9f\u969b\u306b\u81ea\u5206\u306e\u8cc7\u91d1\u3092\u305d\u306e\u4e88\u6e2c\u306b\u8ced\u3051\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n<p>\u3053\u308c\u306f\u5f53\u7136\u5f7c\u306e\u8b70\u8ad6\u306e\u4e00\u90e8\u3060\u304c\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u7d4c\u6e08\u6210\u9577\u3084\u30a4\u30f3\u30d5\u30ec\u306a\u3069\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u7684\u306a\u8b70\u8ad6\u306b\u89e6\u308c\u305f\u7b87\u6240\u3067\u306f\u4ed6\u306e\u53c2\u52a0\u8005\u306e\u610f\u898b\u3092\u307b\u307c\u306a\u305e\u3063\u3066\u3044\u308b\u3060\u3051\u3067\u3042\u308a\u3001\u5f7c\u306e\u767a\u8a00\u306e\u4e3b\u8981\u306a\u90e8\u5206\u306f\u4e3b\u306b\u3001\u5f7c\u306e\u5468\u308a\u306e\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u6295\u8cc7\u5bb6\u304c\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u8b70\u9577\u306b\u5c31\u4efb\u3057\u3066\u4ee5\u964d\u306f\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u3053\u3046\u3057\u305f\u8003\u3048\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u653f\u7b56\u306e\u65b9\u91dd\u3092\u6c7a\u3081\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u308f\u305f\u3057\u304c\u8a00\u3044\u305f\u3044\u306e\u306f\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u53cb\u4eba\u306e\u610f\u898b\u304c\u30a2\u30e1\u30ea\u30ab\u3068\u3044\u3046\u56fd\u306e\u91d1\u878d\u653f\u7b56\u306b\u305d\u308c\u307b\u3069\u91cd\u8981\u306a\u306e\u3067\u3042\u308c\u3070\u3001\u305d\u306e\u53cb\u4eba\u3092\u8b70\u9577\u306b\u3057\u3066\u3057\u307e\u3048\u3070\u3044\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u4ed6\u4eba\u306e\u610f\u898b\u3092\u4f1a\u8b70\u306b\u6301\u3063\u3066\u304f\u308b\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u81ea\u5206\u306e\u982d\u3067\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p>\u3053\u308c\u306f\u4e16\u754c\u7d4c\u6e08\u306b\u3068\u3063\u3066\u304b\u306a\u308a\u81f4\u547d\u7684\u306a\u3053\u3068\u306a\u306e\u3060\u304c\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u306f\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u7684\u306b\u5224\u65ad\u3092\u3059\u308b\u7d4c\u9a13\u3068\u80fd\u529b\u304c\u306a\u3044\u3057\u3001\u5c02\u9580\u3067\u3042\u3063\u305f\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u306e\u76f8\u5834\u89b3\u3082\u3001\u6295\u8cc7\u306e\u5b9f\u52d9\u304b\u3089\u96e2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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<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/4467\">\u660e\u3089\u304b\u306b\u9577\u671f\u505c\u6ede\u8ad6\u3092\u610f\u8b58\u3057\u3066\u3044\u308b\u30a4\u30a8\u30ec\u30f3\u8b70\u9577<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u305d\u3082\u305d\u3082\u81ea\u5206\u3067\u8003\u3048\u308b\u80fd\u529b\u306b\u6b20\u3051\u3066\u3044\u308b\u3002\u7b46\u8005\u304c\u601d\u3046\u306b\u3001\u3053\u308c\u306f2018\u5e74\u306e\u4e16\u754c\u5e02\u5834\u306b\u3068\u3063\u30662\u3064\u306e\u554f\u984c\u3092\u751f\u3080\u3002<\/p>\n<p>1\u3064\u76ee\u306f\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u884c\u304d\u904e\u304e\u305f\u6642\u306b\u3001Fed\u304c\u9069\u5207\u306a\u5bfe\u5fdc\u3092\u53d6\u308c\u306a\u304f\u306a\u308b\u53ef\u80fd\u6027\u3067\u3042\u308b\u3002\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u91d1\u878d\u5e02\u5834\u306f\u304b\u306a\u308a\u306e\u7db1\u6e21\u308a\u3092\u3057\u3066\u304a\u308a\u3001Fed\u304c\u5c11\u3057\u3067\u3082\u9593\u9055\u3048\u308c\u3070\u9014\u7aef\u306b\u5e02\u5834\u5168\u4f53\u304c\u5d29\u58ca\u3059\u308b\u72b6\u6cc1\u306b\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6636\">\u7c73\u56fd\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u7e2e\u5c0f\u3067\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306f\u5d29\u58ca\u3059\u308b\u306e\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u305d\u3057\u30662\u3064\u76ee\u306f\u3001\u81ea\u5206\u3067\u8003\u3048\u308b\u80fd\u529b\u306e\u306a\u3044\u30d1\u30a6\u30a8\u30eb\u6c0f\u3092\u3001\u4ed6\u306eFed\u306e\u30e1\u30f3\u30d0\u30fc\u304c\u3069\u3046\u601d\u3046\u304b\u3067\u3042\u308b\u3002<\/p>\n<p>\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f2012\u5e74\u306b\u91cf\u7684\u7de9\u548c\u306b\u96e3\u8272\u3092\u793a\u3057\u305f\u304c\u3001\u7d50\u5c40\u306f\u30d0\u30fc\u30ca\u30f3\u30ad\u6c0f\u306e\u6c7a\u65ad\u3092\u5c0a\u91cd\u3057\u3066\u8cdb\u6210\u7968\u3092\u6295\u3058\u305f\u3088\u3046\u306b\u3001Fed\u306e\u30e1\u30f3\u30d0\u30fc\u304c\u305d\u308c\u305e\u308c\u591a\u69d8\u306a\u4e3b\u5f35\u3092\u62b1\u3048\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u3053\u308c\u307e\u3067\u8b70\u9577\u306e\u65b9\u91dd\u901a\u308a\u306b\u8db3\u4e26\u307f\u3092\u305d\u308d\u3048\u3066\u304d\u305f\u306e\u306f\u3001\u30d0\u30fc\u30ca\u30f3\u30ad\u6c0f\u3084\u30a4\u30a8\u30ec\u30f3\u6c0f\u304c\u5b66\u8005\u3068\u3057\u3066\u4ed6\u306e\u30e1\u30f3\u30d0\u30fc\u306b\u5c0a\u656c\u3055\u308c\u3066\u3044\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u306f\u9593\u9055\u3044\u306a\u304f\u305d\u306e\u8cc7\u8cea\u304c\u306a\u3044\u3002\u305d\u3057\u3066\u30e1\u30f3\u30d0\u30fc\u9593\u306e\u610f\u898b\u306e\u76f8\u9055\u306f\u65e2\u306b\u660e\u308b\u307f\u306b\u51fa\u59cb\u3081\u3066\u3044\u308b\u30022017\u5e7412\u6708\u306e\u5229\u4e0a\u3052\u3067\u306f2\u4eba\u306e\u30e1\u30f3\u30d0\u30fc\u304c\u53cd\u5bfe\u7968\u3092\u6295\u3058\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7093\">12\u6708FOMC\u4f1a\u5408\u7d50\u679c\u306f\u7e54\u308a\u8fbc\u307f\u6e08\u307f\u306e\u5229\u4e0a\u3052\u3001\u53cd\u5bfe\u7968\u304c\u6697\u793a\u3059\u308b2018\u5e74\u306e\u6df7\u4e71<\/a><\/li>\n<\/ul>\n<p>\u30a4\u30a8\u30ec\u30f3\u6c0f\u304c\u8b70\u9577\u3092\u52d9\u3081\u3066\u3044\u308b\u9593\u306b\u3082\u65e2\u306b\u8868\u51fa\u3057\u59cb\u3081\u3066\u3044\u308b\u4e0d\u5354\u548c\u97f3\u306f\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u4ea4\u4ee3\u3057\u305f\u9014\u7aef\u306b\u5674\u51fa\u3059\u308b\u53ef\u80fd\u6027\u304c\u6975\u3081\u3066\u9ad8\u3044\u3002\u305d\u3046\u306a\u308c\u3070\u3001\u4eee\u306b\u30d1\u30a6\u30a8\u30eb\u6c0f\u81ea\u8eab\u304c\u5f15\u304d\u7de0\u3081\u306e\u7d99\u7d9a\u3092\u671b\u3093\u3067\u3082\u3001\u53cd\u5bfe\u7968\u3092\u6295\u3058\u305f2\u4eba\u3092\u7b46\u982d\u3068\u3059\u308bFed\u5185\u306e\u30cf\u30c8\u6d3e\u306e\u53cd\u4e71\u306b\u906d\u3046\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<p>\u4e2d\u592e\u9280\u884c\u306e\u52d5\u5411\u4e88\u6e2c\u306f\u30a4\u30a8\u30ec\u30f3\u6c0f\u306e\u4efb\u671f\u3088\u308a\u3082\u8907\u96d1\u306b\u306a\u308a\u305d\u3046\u3067\u3042\u308b\u3002\u4eca\u5f8c\u3082\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u653f\u7b56\u306b\u3064\u3044\u3066\u306f\u5f15\u304d\u7d9a\u304d\u5831\u3058\u3066\u3086\u304f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u306b\u76f8\u5f53\u3059\u308bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u8b70\u9577\u3068\u3057\u3066\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u3092\u9032\u3081\u305f\u30b8\u30e3\u30cd\u30c3\u30c8\u30fb\u30a4\u30a8\u30ec\u30f3\u6c0f\u306e\u5f8c\u3092\u7d99\u3050\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u3001\u30d0\u30fc\u30ca\u30f3\u30ad\u8b70\u9577\u6642\u4ee3\u306e2012\u5e74\u306b\u3001\u91cf\u7684\u7de9\u548c\u7b2c3\u5f3e\u306e\u958b\u59cb\u306b\u96e3\u8272\u3092\u793a\u3057 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7173\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30d1\u30a6\u30a8\u30eb\u65b0\u8b70\u9577\u30012012\u5e74\u306b\u91cf\u7684\u7de9\u548c\u306b\u96e3\u8272<\/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":[118,108],"tags":[64],"class_list":["post-7173","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\/7173","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=7173"}],"version-history":[{"count":17,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7173\/revisions"}],"predecessor-version":[{"id":7190,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7173\/revisions\/7190"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=7173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=7173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=7173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}