{"id":7319,"date":"2018-02-06T12:31:01","date_gmt":"2018-02-06T03:31:01","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=7319"},"modified":"2019-01-07T02:08:03","modified_gmt":"2019-01-06T17:08:03","slug":"2018%e5%b9%b42%e6%9c%88%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e7%99%ba%e4%b8%96%e7%95%8c%e5%90%8c%e6%99%82%e6%a0%aa%e5%ae%89%e3%81%ae%e6%84%8f%e5%a4%96%e3%81%aa%e7%90%86%e7%94%b1","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7319","title":{"rendered":"2018\u5e742\u6708\u30a2\u30e1\u30ea\u30ab\u767a\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u610f\u5916\u306a\u7406\u7531"},"content":{"rendered":"<p>2018\u5e742\u67082\u65e5\u3001\u7c73\u56fd\u682a\u304c\u6025\u843d\u3057\u305f\u3002\u305d\u306e\u6b21\u306e\u55b6\u696d\u65e5\u3068\u306a\u3063\u305f2\u67085\u65e5\u306b\u306f\u66f4\u306b\u4e0b\u843d\u5e45\u3092\u62e1\u5927\u3057\u30011\u65e5\u30674%\u4ee5\u4e0a\u3082\u4e0b\u304c\u3063\u305f\u3002\u3053\u306e\u6d41\u308c\u306f\u65e5\u672c\u682a\u306b\u3082\u6ce2\u53ca\u3057\u3001\u4ee5\u5f8c\u65e5\u7d4c\u5e73\u5747\u3082\u540c\u3058\u3088\u3046\u306a\u4e0b\u3052\u3068\u306a\u3063\u305f\u3002<\/p>\n<p><!--more--><strong>\u4e16\u754c\u540c\u6642\u682a\u5b89\u307e\u3067\u306e\u6d41\u308c<\/strong><\/p>\n<p>\u3055\u3066\u3001\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u306f\u3053\u306e\u72b6\u6cc1\u3092\u89e3\u91c8\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0\u81ea\u4f53\u306f\u660e\u3089\u304b\u3060\u304c\u3001\u4f55\u6545\u3053\u306e\u30bf\u30a4\u30df\u30f3\u30b0\uff082\u67082\u65e5\uff09\u3067\u4e0b\u843d\u304c\u59cb\u307e\u3063\u305f\u306e\u304b\u306f\u305d\u308c\u307b\u3069\u660e\u3089\u304b\u3067\u306f\u306a\u3044\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u305d\u306e\u4e21\u65b9\u306b\u3064\u3044\u3066\u539f\u56e0\u3092\u63a2\u3063\u3066\u3044\u304d\u305f\u3044\u3068\u601d\u3046\u3002<\/p>\n<p>\u5148\u305a\u3001\u4e16\u754c\u306e\u682a\u5f0f\u5e02\u5834\u304c\u7f6e\u304b\u308c\u3066\u3044\u308b\u72b6\u6cc1\u306b\u3064\u3044\u3066\u306f\u53bb\u5e74\u304b\u3089\u4e00\u8cab\u3057\u3066\u8aac\u660e\u3057\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u306b\u76f8\u5f53\u3059\u308bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u3068\u3044\u3046\u5f37\u529b\u306a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u653f\u7b56\u3092\u5b9f\u884c\u3057\u3066\u304a\u308a\u3001\u7279\u306b\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u306f2008\u5e74\u4ee5\u6765\u306e\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066Fed\u304c\u8cb7\u3044\u5165\u308c\u305f\u50b5\u5238\u306e\u4fdd\u6709\u984d\u3092\u6e1b\u3089\u3059\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u306f\u91cf\u7684\u7de9\u548c\u306e\u9006\u56de\u3057\u3067\u3042\u308a\u3001\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3068\u8a00\u3046\u3079\u304d\u5f37\u529b\u306a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u653f\u7b56\u3067\u3042\u308b\u3002\u91cf\u7684\u7de9\u548c\u3067\u682a\u4fa1\u304c\u5927\u304d\u304f\u4e0a\u304c\u3063\u305f\u306e\u3060\u304b\u3089\u3001\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3067\u682a\u4fa1\u304c\u4e0b\u304c\u3089\u306a\u3051\u308c\u3070\u7406\u5c48\u306b\u5408\u308f\u306a\u3044\u3002\u3057\u304b\u3057\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u7d4c\u6e08\u653f\u7b56\u306b\u76ee\u3092\u596a\u308f\u308c\u305f\u91d1\u878d\u5e02\u5834\u3067\u306f\u3001\u7c73\u56fd\u682a\u306f\u4e00\u8cab\u3057\u3066\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3044\u305f\u3002<\/p>\n<p>\u305d\u306e\u4e00\u756a\u5927\u304d\u306a\u7406\u7531\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u6cd5\u4eba\u6e1b\u7a0e\u3067\u3042\u308b\u3002\u6cd5\u4eba\u6e1b\u7a0e\u306f\u682a\u5f0f\u4f1a\u793e\u306e\u5229\u76ca\u3092\u62bc\u3057\u4e0a\u3052\u308b\u305f\u3081\u3001\u682a\u4fa1\u4e0a\u6607\u306e\u76f4\u63a5\u7684\u306a\u539f\u56e0\u3068\u306a\u308b\u3002\u682a\u5f0f\u5e02\u5834\u306f\u5148\u305a\u305d\u308c\u3092\u7e54\u308a\u8fbc\u3093\u3060\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u7a0e\u5236\u6539\u9769\u306f2017\u5e74\u672b\u306b\u8b70\u4f1a\u3092\u901a\u3063\u305f\u3002\u3064\u307e\u308a\u3001\u7a0e\u5236\u6539\u9769\u306e\u5185\u5bb9\u304c\u78ba\u5b9a\u3057\u305f\u5f62\u3067\u6295\u8cc7\u5bb6\u306e\u524d\u306b\u7f6e\u304b\u308c\u3066\u3044\u308b\u306e\u3067\u3042\u308a\u3001\u6295\u8cc7\u5bb6\u306f\u305d\u306e\u5185\u5bb9\u3059\u3079\u3066\u3092\u8003\u616e\u306b\u5165\u308c\u306a\u304c\u3089\u81ea\u5206\u306e\u6295\u8cc7\u5224\u65ad\u3092\u6c7a\u3081\u3066\u3044\u308b\u3002\u3064\u307e\u308a\u3001\u7a0e\u5236\u6539\u9769\u306f\u65e2\u306b\u5e02\u5834\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u304a\u308a\u3001\u3053\u308c\u4ee5\u4e0a\u306e\u8cb7\u3044\u6750\u6599\u304c\u7121\u304f\u306a\u3063\u3066\u3057\u307e\u3063\u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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>\u3053\u308c\u306f\u3082\u3046\u6628\u5e747\u6708\u306e\u8a18\u4e8b\u3060\u304c\u3001\u3053\u3053\u3067\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3064\u3044\u3066\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u7c73\u56fd\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u306a\u3063\u3066\u3044\u308b\u3002\u5e02\u5834\u306f\u307e\u3060\u307e\u3068\u3082\u306b\u53d6\u308a\u5408\u3063\u3066\u3044\u306a\u3044\u304c\u3001\u3053\u308c\u306f2008\u5e74\u4ee5\u6765\u306e\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066\u652f\u3048\u7d9a\u3051\u3089\u308c\u3066\u304d\u305f\u682a\u5f0f\u5e02\u5834\u306e\u30c8\u30ec\u30f3\u30c9\u3092\u9006\u56de\u3057\u306b\u3059\u308b\u52d5\u304d\u3067\u3042\u308a\u3001\u305d\u306e\u5371\u967a\u6027\u306b\u3064\u3044\u3066\u306f\u3053\u3053\u3067\u3082\u6570\u5e74\u306b\u308f\u305f\u3063\u3066\u8b66\u544a\u3057\u3066\u304d\u305f\u3002<\/p>\n<p><span id=\"more-6636\"><\/span>Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u306e\u614e\u91cd\u306a\u884c\u52d5\u306b\u3088\u308a\u3001\u682a\u5f0f\u5e02\u5834\u306f\u4f55\u5ea6\u3082\u30c8\u30ec\u30f3\u30c9\u9006\u8ee2\u306e\u76f4\u524d\u307e\u3067\u6765\u306a\u304c\u3089\u3001\u305d\u308c\u3092\u56de\u907f\u3057\u3066\u304d\u305f\u3002\u3057\u304b\u3057\u4eca\u56deFed\u306f\u672c\u6c17\u3067\u3042\u308a\u3001\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u3068\u3044\u3046\u4e8c\u3064\u306e\u5f37\u529b\u306a\u65b9\u6cd5\u306b\u3088\u3063\u3066\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u9032\u3081\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u305d\u3057\u3066\u91cd\u8981\u306a\u306e\u306f\u6b21\u306e\u70b9\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u3057\u304b\u3057\u3001\u3053\u3053\u3067\u4e00\u3064\u7591\u554f\u304c\u751f\u3058\u308b\u3002\u3067\u306f\u3001Fed\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u5f37\u884c\u305b\u305a\u3001\u5e02\u5834\u3084\u7d4c\u6e08\u304c\u5c11\u3057\u3067\u3082\u62d2\u5426\u53cd\u5fdc\u3092\u898b\u305b\u308c\u3070\u76f4\u3061\u306b\u6b69\u307f\u3092\u7de9\u3081\u308b\u3068\u3044\u3046\u59ff\u52e2\u3067\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u3048\u3070\u3001\u91d1\u878d\u5e02\u5834\u306f\u3069\u3046\u306a\u308b\u306e\u304b\uff1f\u3000\u305d\u308c\u3067\u3082\u682a\u4fa1\u306f\u66b4\u843d\u3059\u308b\u306e\u3060\u308d\u3046\u304b\uff1f<\/p><\/blockquote>\n<p>\u305d\u3057\u3066\u3001\u3053\u306e\u8a18\u4e8b\u3067\u306f\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u306e\u614e\u91cd\u306a\u5e02\u5834\u3068\u306e\u5bfe\u8a71\u80fd\u529b\u3092\u8a55\u4fa1\u3057\u3001\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u304c\u614e\u91cd\u306b\u3053\u3068\u3092\u9032\u3081\u308b\u9650\u308a\u3001\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306e\u5d29\u58ca\u3092\u56de\u907f\u51fa\u6765\u308b\u53ef\u80fd\u6027\u306f\u3042\u308b\u3068\u7d50\u8ad6\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u5b66\u8005\u3068\u3057\u3066\u3082\u8457\u540d\u3067\u3001\u30d0\u30fc\u30ca\u30f3\u30ad\u524d\u8b70\u9577\u306e\u3084\u308a\u65b9\u3092\u53d7\u3051\u7d99\u3044\u3060\u30a4\u30a8\u30ec\u30f3\u6c0f\u3060\u304b\u3089\u305d\u3046\u8a00\u3048\u308b\u8a71\u3067\u3042\u308a\u3001\u30a4\u30a8\u30ec\u30f3\u6c0f\u306e\u4efb\u671f\u7d42\u4e86\u5f8c\u306b\u8b70\u9577\u8077\u3092\u7d99\u3050\u3053\u3068\u306b\u306a\u3063\u305f\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u3082\u5f53\u3066\u306f\u307e\u308b\u8a71\u3067\u306f\u306a\u3044\u3002\u3053\u3053\u3067\u306f\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u30ad\u30e3\u30ea\u30a2\u4e0a\u30de\u30af\u30ed\u7d4c\u6e08\u306b\u307b\u3068\u3093\u3069\u95a2\u308f\u3063\u3066\u3053\u306a\u304b\u3063\u305f\u7d4c\u6e08\u306e\u7d20\u4eba\u3067\u3042\u308a\u3001\u5e02\u5834\u306e\u5bfe\u8a71\u80fd\u529b\u306f\u304a\u308d\u304b\u3001\u7d4c\u6e08\u3092\u5206\u6790\u3059\u308b\u57fa\u672c\u7684\u306a\u80fd\u529b\u306b\u3082\u6b20\u3051\u3066\u3044\u308b\u3002\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u653f\u6cbb\u89b3\u304c\u4e0e\u515a\u5171\u548c\u515a\u7684\u3060\u3068\u3044\u3046\u7406\u7531\u3067\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u9078\u3070\u308c\u305f\u3001\u3044\u308f\u3070\u5080\u5121\u8b70\u9577\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7079\">12\u6708FOMC\u4f1a\u5408\u306e\u5229\u4e0a\u3052\u898b\u901a\u3057\u3068\u6b21\u671f\u8b70\u9577\u30d1\u30a6\u30a8\u30eb\u6c0f\u3078\u306e\u5f15\u304d\u7d99\u304e<\/a><\/li>\n<\/ul>\n<p>\u305d\u308c\u304c2\u67082\u65e5\u306e\u6025\u843d\u958b\u59cb\u3068\u3069\u3046\u7e4b\u304c\u308b\u306e\u304b\uff1f\u3000\u3082\u3046\u304a\u6c17\u3065\u304d\u306e\u8aad\u8005\u3082\u3042\u308b\u3068\u601d\u3046\u304c\u3001\u30d1\u30a6\u30a8\u30eb\u65b0\u8b70\u9577\u306e\u5c31\u4efb\u304c2\u67083\u65e5\u3060\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u3053\u3053\u3067\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u76f8\u5834\u306b\u3064\u3044\u3066\u8a9e\u3063\u305f\u30b3\u30e1\u30f3\u30c8\u3092\u601d\u3044\u51fa\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n<blockquote><p>\u4e2d\u592e\u9280\u884c\u304c\u7d4c\u6e08\u6210\u9577\u7387\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5f37\u3059\u304e\u305a\u5f31\u3059\u304e\u306a\u3044\u72b6\u614b\u306b\u4fdd\u3064\u305f\u3081\u306b\u6700\u9069\u306a\u30da\u30fc\u30b9\u3067\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u3046\u65b0\u305f\u306a\u5c40\u9762\u304c\u59cb\u307e\u308a\u3001\u305d\u308c\u306f\u4e2d\u592e\u9280\u884c\u304c\u5931\u6557\u3057\u3066\u7d4c\u6e08\u304c\u6b21\u306e\u4e0d\u6cc1\u3092\u8fce\u3048\u308b\u307e\u3067\u7d9a\u304f<\/p><\/blockquote>\n<p>\u305d\u3057\u3066\u4e2d\u592e\u9280\u884c\u304c\u5931\u6557\u3057\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u30a4\u30a8\u30ec\u30f3\u524d\u8b70\u9577\u304c\u8235\u53d6\u308a\u3092\u3057\u3066\u3044\u308b\u524d\u63d0\u3067\u5e02\u5834\u304c\u7e54\u308a\u8fbc\u3093\u3067\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u682a\u5f0f\u5e02\u5834\u304c\u4e0b\u843d\u3057\u3066\u3082\u3001\u30a4\u30a8\u30ec\u30f3\u6c0f\u306a\u3089\u3070\u4e0a\u624b\u304f\u5bfe\u5fdc\u3057\u3066\u3057\u307e\u3046\u3060\u308d\u3046\u3002\u305d\u3046\u3044\u3046\u8003\u3048\u304c\u5e02\u5834\u306b\u3042\u3063\u305f\u304b\u3089\u3001\u30a4\u30a8\u30ec\u30f3\u6c0f\u304c\u8b70\u9577\u3067\u3042\u3063\u305f\u9593\u306f\u682a\u5f0f\u5e02\u5834\u306f\u5927\u4eba\u3057\u304f\u3057\u3066\u3044\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u305d\u3057\u3066\u8b70\u9577\u304c\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u4ee3\u308f\u3063\u305f\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u682a\u4fa1\u306f\u6025\u843d\u3057\u305f\u3002\u5e02\u5834\u306f\u5148\u305a\u81ea\u5206\u304b\u3089\u554f\u3044\u304b\u3051\u3001\u77e5\u8b58\u3068\u7d4c\u9a13\u306b\u6b20\u3051\u308b\u65b0\u8b70\u9577\u306e\u5bfe\u5fdc\u3092\u5f85\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u300c\u30df\u30b9\u30bf\u30fc\u65b0\u8b70\u9577\u3001\u3042\u306a\u305f\u306f\u5e02\u5834\u3068\u306e\u5bfe\u8a71\u304c\u51fa\u6765\u307e\u3059\u304b\uff1f\u300d\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u3046\u8003\u3048\u308c\u3070\u3001\u4eca\u5f8c\u306e\u682a\u5f0f\u5e02\u5834\u306e\u52d5\u304d\u304c\u3042\u308b\u7a0b\u5ea6\u898b\u3048\u3066\u304f\u308b\u3068\u3044\u3046\u3082\u306e\u3060\u308d\u3046\u3002\u3064\u307e\u308a\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c\u3069\u3046\u3044\u3046\u30b3\u30e1\u30f3\u30c8\u3092\u51fa\u3059\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u306b\u3001\u4eca\u5f8c\u306e\u682a\u4fa1\u306e\u52d5\u5411\u304c\u304b\u304b\u3063\u3066\u304f\u308b\u3002\u73fe\u72b6\u3067\u306f\u7c73\u56fd\u682a\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7320\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-s-and-p-500-chart.png\" alt=\"\" width=\"598\" height=\"397\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-s-and-p-500-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-s-and-p-500-chart-300x199.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u7b46\u8005\u306e\u4e88\u60f3\u306f\u3001\u7d20\u65e9\u3044\u5bfe\u5fdc\u306f\u4e0d\u53ef\u80fd\u3068\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002\u7c73\u56fd\u682a\u306f\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u4e88\u60f3\u901a\u308a\u3001\u65e9\u3005\u3068\u5e74\u59cb\u304b\u3089\u306e\u4e0a\u6607\u5206\u3092\u5410\u304d\u51fa\u3057\u305f\u304c\u3001\u5e74\u59cb\u304b\u3089\u306e\u4e0a\u6607\u5206\u3092\u5410\u304d\u51fa\u3057\u305f\u304f\u3089\u3044\u3067\u4e2d\u592e\u9280\u884c\u304c\u614c\u3066\u3066\u306f\u3001\u4e2d\u592e\u9280\u884c\u306e\u4fe1\u8a8d\u306b\u304b\u304b\u308f\u308a\u3001\u3080\u3057\u308d\u9577\u671f\u7684\u306b\u306f\u6df7\u4e71\u304c\u5927\u304d\u304f\u306a\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7193\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: 2018\u5e74\u3001\u7c73\u56fd\u682a\u306f\u4e00\u5ea6\u4e0a\u6607\u3057\u3066\u304b\u3089\u5927\u5e45\u306b\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n<p>\u3064\u307e\u308a\u3001\u7c73\u56fd\u682a\u304c\u66f4\u306b\u4e0b\u843d\u3092\u3057\u306a\u3044\u9650\u308a\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u3053\u308c\u307e\u3067\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u8def\u7dda\u3092\u7d99\u7d9a\u3059\u308b\u3068\u8a00\u308f\u3056\u308b\u3092\u5f97\u306a\u3044\u3060\u308d\u3046\u3002\u4f55\u3057\u308d\u5b9f\u4f53\u7d4c\u6e08\u81ea\u4f53\u306f\u7d76\u597d\u8abf\u3067\u3001\u3053\u3053\u3067\u5229\u4e0a\u3052\u3092\u64a4\u56de\u3057\u3066\u306f\u682a\u5f0f\u5e02\u5834\u306e\u8a00\u3044\u5206\u3092\u98f2\u3093\u3060\u3053\u3068\u306b\u306a\u308b\u3002\u305d\u3046\u3059\u308c\u3070\u3001\u9577\u671f\u7684\u306b\u306f\u3088\u308a\u4e0b\u843d\u306e\u5927\u304d\u3044\u50ac\u4fc3\u76f8\u5834\u304c\u59cb\u307e\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7269\">\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u4f53\u7d4c\u6e08\u306f\u7d76\u597d\u8abf\u30012017\u5e7410-12\u6708\u671f\u7c73\u56fd\u5b9f\u8ceaGDP<\/a><\/li>\n<\/ul>\n<p>\u6c17\u306b\u639b\u304b\u308b\u3053\u3068\u306f\u3001\u6025\u306a\u682a\u5b89\u3092\u53d7\u3051\u3066\u9577\u671f\u91d1\u5229\u304c\u4e00\u65e6\u4e0b\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-us-10-year-treasury-note-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7321\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-us-10-year-treasury-note-yield-chart.png\" alt=\"\" width=\"598\" height=\"397\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-us-10-year-treasury-note-yield-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-us-10-year-treasury-note-yield-chart-300x199.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u682a\u5b89\u306e\u539f\u56e0\u306f\u305d\u3082\u305d\u3082\u91d1\u5229\u9ad8\u306a\u306e\u3067\u3001\u3053\u306e\u6d41\u308c\u304c\u7d9a\u3051\u3070\u682a\u4fa1\u306f\u4e00\u6642\u6301\u3061\u76f4\u3059\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u4e2d\u671f\u7684\u306b\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u52a9\u3051\u304c\u5f97\u3089\u308c\u306a\u3044\u3053\u3068\u306b\u306f\u5909\u308f\u308a\u304c\u306a\u3044\u3002\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u52a9\u3051\u304c\u306a\u3051\u308c\u3070\u3001\u91d1\u5229\u306f\u4e0b\u304c\u308b\u3053\u3068\u304c\u51fa\u6765\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u9577\u671f\u91d1\u5229\u304c\u4e0b\u843d\uff08\u3064\u307e\u308a\u9577\u671f\u56fd\u50b5\u306e\u4fa1\u683c\u304c\u4e0a\u6607\uff09\u3059\u308b\u4e2d\u3067\u3082\u3001\u6628\u5e74\u672b\u304b\u3089\u7a7a\u58f2\u308a\u3092\u4e3b\u5f35\u3057\u3066\u3044\u308b\u30b8\u30e3\u30f3\u30af\u50b5\u306f\u682a\u5f0f\u5e02\u5834\u540c\u69d8\u306b\u4e0b\u843d\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7019\">\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a\u3092\u958b\u59cb\u3001\u30ed\u30b7\u30a2\u56fd\u50b5\u6295\u8cc7\u306f\u30ed\u30b7\u30a2\u682a\u3078\u79fb\u884c<\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7322\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png\" alt=\"\" width=\"598\" height=\"397\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-6-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart-300x199.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u91d1\u878d\u5f15\u304d\u7de0\u3081\u76f8\u5834\u306b\u304a\u3051\u308b\u30c8\u30ec\u30fc\u30c9\u306b\u3064\u3044\u3066\u306f\u3001\u53ef\u80fd\u306a\u3082\u306e\u3092\u4e8b\u524d\u306b\u3059\u3079\u3066\u691c\u8a0e\u3057\u305f\u3002\u305d\u3057\u3066\u6628\u5e74\u672b\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u59cb\u3081\u308b\u9298\u67c4\u3068\u3057\u3066\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u306e\u7a7a\u58f2\u308a\u4ee5\u4e0a\u306e\u3082\u306e\u306f\u306a\u304b\u3063\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7030\">2018\u5e74\u306e\u4e16\u754c\u91d1\u878d\u5e02\u5834\u306e\u76f8\u5834\u4e88\u60f3\u3068\u884c\u3046\u3079\u304d3\u3064\u306e\u30c8\u30ec\u30fc\u30c9<\/a><\/li>\n<\/ul>\n<p>\u4f55\u5ea6\u3082\u8a00\u3046\u3088\u3046\u306b\u3001\u3053\u3053\u3067\u306f\u5e02\u5834\u306e\u52d5\u304d\u306f\u4e8b\u524d\u306b\u66f8\u3044\u3066\u3042\u308b\u3002\u3057\u3063\u304b\u308a\u8aad\u307f\u8fbc\u3093\u3060\u8aad\u8005\u306b\u3068\u3063\u3066\u3001\u5c11\u3057\u3067\u3082\u53c2\u8003\u306b\u306a\u308c\u3070\u5e78\u3044\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2018\u5e742\u67082\u65e5\u3001\u7c73\u56fd\u682a\u304c\u6025\u843d\u3057\u305f\u3002\u305d\u306e\u6b21\u306e\u55b6\u696d\u65e5\u3068\u306a\u3063\u305f2\u67085\u65e5\u306b\u306f\u66f4\u306b\u4e0b\u843d\u5e45\u3092\u62e1\u5927\u3057\u30011\u65e5\u30674%\u4ee5\u4e0a\u3082\u4e0b\u304c\u3063\u305f\u3002\u3053\u306e\u6d41\u308c\u306f\u65e5\u672c\u682a\u306b\u3082\u6ce2\u53ca\u3057\u3001\u4ee5\u5f8c\u65e5\u7d4c\u5e73\u5747\u3082\u540c\u3058\u3088\u3046\u306a\u4e0b\u3052\u3068\u306a\u3063\u305f\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,118,111,108],"tags":[150],"class_list":["post-7319","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-jerome-powell"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7319","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=7319"}],"version-history":[{"count":8,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7319\/revisions"}],"predecessor-version":[{"id":7330,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7319\/revisions\/7330"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=7319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=7319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=7319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}