{"id":751,"date":"2015-02-12T19:34:15","date_gmt":"2015-02-12T10:34:15","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=751"},"modified":"2015-02-13T14:23:20","modified_gmt":"2015-02-13T05:23:20","slug":"ecb%e3%81%ae%e9%87%8f%e7%9a%84%e7%b7%a9%e5%92%8c%e3%81%be%e3%81%a7%e3%81%ae%e7%b5%8c%e7%b7%af%e3%81%a8%e3%80%81%e9%87%91%e8%9e%8d%e5%b8%82%e5%a0%b4%e3%81%ae%e5%8f%8d%e5%bf%9c%e3%82%922014%e5%b9%b41","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/751","title":{"rendered":"ECB\u306e\u91cf\u7684\u7de9\u548c\u307e\u3067\u306e\u7d4c\u7def\u3068\u3001\u91d1\u878d\u5e02\u5834\u306e\u53cd\u5fdc\u30922014\u5e741\u6708\u304b\u3089\u7dcf\u3056\u3089\u3044\u3059\u308b"},"content":{"rendered":"<ul>\n<li><a title=\"ECB\u304c\u6708\u9593600\u5104\u30e6\u30fc\u30ed\u306e\u91cf\u7684\u7de9\u548c\u3092\u767a\u8868\u3001\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u30922\u500d\u306b\u62e1\u5927\u3078\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/648\">ECB\u304c\u6708\u9593600\u5104\u30e6\u30fc\u30ed\u306e\u91cf\u7684\u7de9\u548c\u3092\u767a\u8868\u3001\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u30922\u500d\u306b\u62e1\u5927\u3078<\/a><\/li>\n<\/ul>\n<p>2015\u5e741\u670822\u65e5\u306bECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u304c\u91cf\u7684\u7de9\u548c\u3092\u767a\u8868\u3057\u305f\u3053\u3068\u306b\u3088\u308a\u3001\u30e6\u30fc\u30ed\u570f\u306e\u91d1\u878d\u5e02\u5834\u306f\u65b0\u305f\u306a\u7de9\u548c\u76f8\u5834\u3067\u8cd1\u308f\u3063\u3066\u3044\u308b\u3002\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u306f\u30e6\u30fc\u30ed\u570f\u306e\u91cf\u7684\u7de9\u548c\u304c\u6700\u8fd1\u306e\u30cb\u30e5\u30fc\u30b9\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u4eba\u3082\u3044\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u306a\u304b\u3067\u306f2013\u5e74\u9803\u304b\u3089\u65e2\u306b\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u305f\u4e8b\u67c4\u3067\u3042\u308a\u3001\u305d\u306e\u9803\u304b\u3089\u30d5\u30a9\u30ed\u30fc\u3057\u3066\u304d\u305f\u8eab\u3068\u3057\u3066\u306f\u3001\u3088\u3046\u3084\u304f\u5b9f\u73fe\u3057\u305f\u3068\u3044\u3046\u611f\u60f3\u3067\u3042\u308b\u3002<\/p>\n<p>\u4e8b\u5b9f\u3001\u5e02\u5834\u304c\u91cf\u7684\u7de9\u548c\u3092\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u305f\u306e\u306f2014\u5e74\u306e1\u6708\u3067\u3042\u308a\u3001\u305d\u3053\u304b\u3089\u50b5\u5238\u3001\u682a\u5f0f\u3001\u70ba\u66ff\u306a\u3069\u3001\u8272\u3005\u306a\u3082\u306e\u304c\u9806\u756a\u306b\u4e0a\u6607\u30fb\u4e0b\u843d\u3057\u3066\u304d\u305f\u3002\u91d1\u878d\u7de9\u548c\u304c\u8d77\u3053\u308b\u3068\u304d\u306b\u5e02\u5834\u306f\u3069\u3046\u53cd\u5fdc\u3057\u3066\u3086\u304f\u306e\u304b\u3068\u3044\u3046\u8aac\u660e\u3082\u517c\u306d\u3066\u3001\u3053\u306e1\u5e74\u9593\u306e\u76f8\u5834\u306e\u52d5\u304d\u3092\u6642\u7cfb\u5217\u9806\u306b\u898b\u3066\u3044\u304d\u305f\u3044\u3002<!--more--><\/p>\n<p><strong>2014\u5e741\u6708\u3001\u30c9\u30a4\u30c4\u56fd\u50b5\u304c\u4e0a\u6607\u3092\u59cb\u3081\u308b<\/strong><\/p>\n<p>\u4e00\u756a\u6700\u521d\u306b\u53cd\u5fdc\u3057\u305f\u306e\u306f\u30c9\u30a4\u30c4\u56fd\u50b5\u3067\u3042\u3063\u305f\u3002\u80cc\u666f\u306b\u3042\u3063\u305f\u306e\u306f\u4e0b\u843d\u3057\u3066\u3086\u304f\u30e6\u30fc\u30ed\u570f\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u9ad8\u6b62\u307e\u308a\u3057\u305f\u5931\u696d\u7387\u3067\u3042\u308b\u3002\u5357\u6b27\u3067\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u305f\u9ad8\u5931\u696d\u7387\u306e\u7d50\u679c\u3001\u5931\u696d\u8005\u304c\u6bd4\u8f03\u7684\u7d4c\u6e08\u306e\u5805\u8abf\u306a\u30c9\u30a4\u30c4\u3078\u3068\u6d41\u308c\u8fbc\u307f\u3001\u5065\u5168\u3067\u3042\u3063\u305f\u306f\u305a\u306e\u30c9\u30a4\u30c4\u306e\u52b4\u50cd\u5e02\u5834\u3092\u4f9b\u7d66\u904e\u5270\u3078\u3068\u5c0e\u304d\u3064\u3064\u3042\u3063\u305f\u3002\u7d50\u679c\u3001\u8cc3\u91d1\u306f\u4e0a\u304c\u3089\u305a\u3001\u9700\u8981\u306e\u6e1b\u5c11\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u308a\u7d9a\u3051\u305f\u3002\u3053\u306e\u80cc\u666f\u306b\u3064\u3044\u3066\u306f\u4ee5\u524d\u3088\u308a\u8a18\u4e8b\u306b\u3057\u3066\u3044\u308b\u3002\u4e00\u756a\u7aef\u7684\u306b\u66f8\u3044\u3066\u3042\u308b\u306e\u306f\u3001\u6050\u3089\u304f5\u6708\u306eGecina (EURONEXT:GFC)\u306e\u7d39\u4ecb\u8a18\u4e8b\u3060\u308d\u3046\u3002<\/p>\n<ul>\n<li><a title=\"[\u500b\u5225\u9298\u67c4] Gecina (EURONEXT:GFC): \u30d1\u30ea\u306eREIT\u3001\u91cf\u7684\u7de9\u548c\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/53\">[\u500b\u5225\u9298\u67c4] Gecina (EURONEXT:GFC): \u30d1\u30ea\u306eREIT\u3001\u91cf\u7684\u7de9\u548c<\/a><\/li>\n<li><a title=\"OECD\u30ec\u30dd\u30fc\u30c8: \u30c9\u30a4\u30c4\u304c\u4e16\u754c2\u4f4d\u306e\u79fb\u4f4f\u5148\u306b\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/159\">OECD\u30ec\u30dd\u30fc\u30c8: \u30c9\u30a4\u30c4\u304c\u4e16\u754c2\u4f4d\u306e\u79fb\u4f4f\u5148\u306b<\/a><\/li>\n<\/ul>\n<p>\u3053\u306e\u5f53\u6642\u3001ECB\u306f\u30e6\u30fc\u30ed\u570f\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u554f\u984c\u306f\u306a\u3044\u3068\u3044\u3046\u767a\u8a00\u3092\u7e70\u308a\u8fd4\u3057\u3066\u304a\u308a\u3001\u7de9\u548c\u3092\u793a\u5506\u3059\u308b\u3088\u3046\u306a\u8a00\u52d5\u306f\u4f55\u3082\u7121\u304b\u3063\u305f\u304c\u3001\u3044\u305a\u308cECB\u304c\u4f55\u3089\u304b\u306e\u5bfe\u5fdc\u3092\u8feb\u3089\u308c\u308b\u3068\u8003\u3048\u305f\u5e02\u5834\u53c2\u52a0\u8005\u306f\u3001\u7de9\u548c\u3067\u4e00\u756a\u6069\u6075\u3092\u53d7\u3051\u308b\u30c9\u30a4\u30c4\u56fd\u50b5\u306b\u8cb7\u3044\u3092\u5165\u308c\u306f\u3058\u3081\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u30e6\u30fc\u30ed\u306f\u305d\u306e\u9593\u3082\u4e0a\u6607\u3092\u7d9a\u3051\u3066\u3044\u305f\u3002\u9a5a\u304f\u3079\u304d\u3053\u3068\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4f4e\u4e0b\u3057\u3001\u5931\u696d\u7387\u304c\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u306b\u3082\u62d8\u3089\u305a\u3001\u5f53\u6642\u306eECB\u306f\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u3092\u7e2e\u5c0f\u3057\u7d9a\u3051\u3066\u304a\u308a\u3001\u65e5\u7c73\u306e\u91d1\u878d\u7de9\u548c\u306e\u5f71\u97ff\u3082\u3042\u308a\u30e6\u30fc\u30ed\u306f\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u7d9a\u3051\u3001\u30e6\u30fc\u30ed\u570f\u306e\u8f38\u51fa\u696d\u306f\u5727\u8feb\u3055\u308c\u3066\u3044\u305f\u3002\u4eca\u3068\u306a\u3063\u3066\u306f\u5f53\u6642\u306e\u91d1\u878d\u653f\u7b56\u304c\u7570\u5e38\u3067\u3042\u3063\u305f\u3053\u3068\u306f\u8ab0\u3082\u304c\u8a8d\u3081\u308b\u3068\u3053\u308d\u3060\u304c\u3001\u653f\u6cbb\u7684\u306a\u7406\u7531\u3067\u305d\u308c\u3092\u8a8d\u3081\u308b\u3053\u3068\u306e\u51fa\u6765\u306a\u304b\u3063\u305f\u4eba\u304c\u5927\u52e2\u5c45\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u3001\u653f\u7b56\u8ee2\u63db\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u307f\u304c\u554f\u984c\u3067\u3042\u3063\u305f\u3002<\/p>\n<p><strong>\u30c9\u30e9\u30ae\u7dcf\u88c1\u306e\u7de9\u548c\u767a\u8a00\u3067\u30e6\u30fc\u30ed\u304c\u4e0b\u843d\u3092\u59cb\u3081\u308b<\/strong><\/p>\n<p>\u30e6\u30fc\u30ed\u306f2014\u5e745\u6708\u306b\u4e0b\u843d\u3092\u59cb\u3081\u305f\u3002\u30c9\u30e9\u30ae\u7dcf\u88c1\u304c5\u6708\u306e\u4f1a\u5408\u3067\u521d\u3081\u3066\u91d1\u878d\u7de9\u548c\u306e\u53ef\u80fd\u6027\u306b\u8a00\u53ca\u3057\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u6642\u306b\u691c\u8a0e\u3055\u308c\u3066\u3044\u305f\u306e\u306f\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u306a\u3069\u91cf\u7684\u7de9\u548c\u4ee5\u5916\u306e\u624b\u6bb5\u3067\u3042\u308a\u30016\u6708\u306e\u4f1a\u5408\u3067\u5b9f\u969b\u306b\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u3068TLTRO\uff08\u5c40\u6240\u7684\u9577\u671f\u8cc7\u91d1\u4f9b\u7d66\u30aa\u30da\uff09\u304c\u767a\u8868\u3055\u308c\u305f\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u5931\u696d\u7387\u3082\u6539\u5584\u3055\u308c\u308b\u3053\u3068\u306f\u306a\u304b\u3063\u305f\u3002\u6295\u8cc7\u5bb6\u306f\u91cf\u7684\u7de9\u548c\u304c\u5fc5\u8981\u3067\u3042\u308b\u3068\u306e\u59ff\u52e2\u3092\u5d29\u3055\u305a\u3001\u30e6\u30fc\u30ed\u306f\u66f4\u306b\u4e0b\u304c\u308a\u7d9a\u3051\u3001\u30c9\u30a4\u30c4\u56fd\u50b5\u306f\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u7d9a\u3051\u305f\u3002<\/p>\n<p><strong>\u4e0d\u52d5\u7523\u306f\u30c9\u30a4\u30c4\u306e\u3082\u306e\u304b\u3089\u3001\u6b21\u306b\u30d5\u30e9\u30f3\u30b9<\/strong><\/p>\n<p>\u30c9\u30a4\u30c4\u306e\u9577\u671f\u91d1\u5229\u304c\u4e0b\u304c\u308a\u59cb\u3081\u3066\u304b\u3089\u4e0d\u52d5\u7523\u682a\u304c\u4e0a\u304c\u308a\u59cb\u3081\u308b\u307e\u3067\u306b\u306f\u3084\u3084\u6642\u9593\u304c\u3042\u3063\u305f\u3002\u7e54\u308a\u8fbc\u307f\u304c\u6570\u30f6\u6708\u9045\u308c\u308b\u306e\u306f\u6b27\u5dde\u5e02\u5834\u306e\u7279\u5fb4\u3067\u3042\u308b\u304c\u3001\u6b27\u5dde\u306e\u5e02\u5834\u306f\u3042\u304f\u307e\u3067\u52b9\u7387\u7684\u3067\u3042\u308a\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53d6\u5f15\u3059\u308b\u9298\u67c4\u3067\u7e54\u308a\u8fbc\u307f\u304c1\u5e74\u4ee5\u4e0a\u9045\u308c\u308b\u3053\u3068\u306f\u307b\u3068\u3093\u3069\u306a\u3044\u3002\u5b9f\u969b\u3001\u30c9\u30a4\u30c4\u306e\u5927\u624b\u4e0d\u52d5\u7523\u4f1a\u793eDeutsche Wohnen (XETRA:DWNI\u3001<a href=\"https:\/\/www.google.com\/finance?q=ETR:DWNI\" target=\"_blank\">Google Finance<\/a>)\u3084Patrizia Immobilien\u00a0 (XETRA:P1Z\u3001<a href=\"https:\/\/www.google.com\/finance?q=ETR:P1Z\" target=\"_blank\">Google Finance<\/a>)\u306a\u3069\u306e\u682a\u5f0f\u306f10\u6708\u304b\u3089\u672c\u683c\u7684\u306a\u4e0a\u6607\u3092\u958b\u59cb\u3057\u305f\u3002<\/p>\n<p>\u7d4c\u6e08\u6210\u9577\u306e\u901f\u5ea6\u306e\u5dee\u304b\u3089\u3001\u3084\u306f\u308a\u30c9\u30a4\u30c4\u306e\u4e0d\u52d5\u7523\u306f\u30d5\u30e9\u30f3\u30b9\u306a\u3069\u306e\u3082\u306e\u3088\u308a\u3082\u65e9\u304f\u8cb7\u308f\u308c\u59cb\u3081\u30015\u6708\u304b\u3089\u8cb7\u3044\u63a8\u5968\u3092\u3057\u3066\u304d\u305f\u30d1\u30ea\u306eGecina\uff08<a title=\"[\u500b\u5225\u9298\u67c4] Gecina (EURONEXT:GFC): \u30d1\u30ea\u306eREIT\u3001\u91cf\u7684\u7de9\u548c\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/53\">\u7d39\u4ecb\u8a18\u4e8b<\/a>\u3001<a href=\"https:\/\/www.google.com\/finance?q=EPA:GFC\" target=\"_blank\">Google Finance<\/a>\uff09\u304c\u4e0a\u6607\u57fa\u8abf\u306b\u5165\u3063\u305f\u306e\u306f\u91cf\u7684\u7de9\u548c\u304c\u958b\u59cb\u3055\u308c\u308b\u76f4\u524d\u306e12\u6708\u3067\u3042\u3063\u305f\u3002\u305d\u308c\u3067\u3082\u3084\u306f\u308a\u65e9\u671f\u306e\u8cb7\u3044\u306f\u6b63\u89e3\u3067\u3042\u308a\u3001\u682a\u4fa1\u306f\u7d39\u4ecb\u6642\u306e\u20ac97.3\u304b\u308920\uff05\u4e0a\u6607\u3057\u305f\u3053\u3068\u306b\u306a\u308b\u3002\u91cf\u7684\u7de9\u548c\u306e\u898f\u6a21\u304b\u3089\u8003\u3048\u3066\u307e\u3060\u4e0a\u304c\u308b\u3068\u306f\u63a8\u6e2c\u3057\u3066\u3044\u308b\u304c\u3001\u6295\u8cc7\u5bb6\u306f\u305d\u308d\u305d\u308d\u4e0b\u8a18\u306e\u65b0\u3057\u3044\u8a18\u4e8b\u3067\u7d39\u4ecb\u3057\u305f\u9298\u67c4\u306b\u79fb\u308b\u9803\u5408\u3044\u3060\u308d\u3046\u3002\u7279\u306b\u3001\u30d5\u30e9\u30f3\u30af\u30d5\u30eb\u30c8\u56fd\u969b\u7a7a\u6e2f\u3092\u4fdd\u6709\u3059\u308bFraport\u306f\u3044\u307e\u3060\u91cf\u7684\u7de9\u548c\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\u3002<\/p>\n<ul>\n<li><a title=\"ECB\u304c\u91cf\u7684\u7de9\u548c\u3092\u767a\u8868\u3001\u8cb7\u3046\u3079\u304d\u9298\u67c4\u306f\u4f55\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/656\">ECB\u304c\u91cf\u7684\u7de9\u548c\u3092\u767a\u8868\u3001\u8cb7\u3046\u3079\u304d\u9298\u67c4\u306f\u4f55\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p><strong>\u7d50\u8ad6\u3068\u6559\u8a13\u3001\u672a\u6765\u3078\u306e\u793a\u5506<\/strong><\/p>\n<p>\u4e0a\u8a18\u3067\u8a00\u53ca\u3057\u305f\u8cc7\u7523\u30af\u30e9\u30b9\u3001\u3068\u308a\u308f\u3051\u30c9\u30a4\u30c4\u56fd\u50b5\u3068\u30c9\u30a4\u30c4\u4e0d\u52d5\u7523\u682a\u306f\u3001\u672c\u6765\u306a\u3089\u3070\u3088\u308a\u540c\u6642\u671f\u306b\u8cb7\u308f\u308c\u308b\u3079\u304d\u9298\u67c4\u3067\u3042\u308a\u3001\u5e02\u5834\u304c\u52b9\u7387\u7684\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b\u3002\u5e02\u5834\u306f\u60c5\u5831\u3092\u5373\u6642\u306b\u7e54\u308a\u8fbc\u3080\u306e\u3067\u306f\u306a\u304f\u3001\u6295\u8cc7\u5bb6\u304c\u6c17\u4ed8\u3044\u305f\u3082\u306e\u304b\u3089\u9806\u756a\u306b\u8cb7\u308f\u308c\u3066\u3086\u304f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u6295\u8cc7\u3057\u3066\u3044\u305f\u9298\u67c4\u304c\u72b6\u6cc1\u3092\u7e54\u308a\u8fbc\u3093\u3067\u4e0a\u304c\u3063\u305f\u3068\u304d\u306b\u306f\u3001\u672a\u3060\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\u5225\u306e\u9298\u67c4\u306b\u8cc7\u91d1\u3092\u79fb\u3059\u3053\u3068\u3067\u540c\u3058\u30c8\u30ec\u30f3\u30c9\u306b\u4f55\u5ea6\u3082\u4e57\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u305d\u306e\u9593\u3082\u6700\u521d\u306e\u9298\u67c4\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u4e00\u822c\u7684\u306b\u306f\u5f8c\u306e\u9298\u67c4\u306e\u307b\u3046\u304c\u5229\u5e45\u306f\u5927\u304d\u304f\u3001\u30ea\u30b9\u30af\u306f\u5c11\u306a\u3044\u3002\u73fe\u72b6\u3067\u8a00\u3048\u3070\u3001\u65ec\u306e\u904e\u304e\u305f\u30e6\u30fc\u30ed\u58f2\u308a\u3088\u308a\u3082\u4e0d\u52d5\u7523\u682a\u8cb7\u3044\u306e\u65b9\u304c\u5831\u308f\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u3082\u3046\u4e00\u3064\u91cd\u8981\u306a\u6559\u8a13\u304c\u3042\u308b\u3002\u4eca\u56de\u3001\u30e6\u30fc\u30ed\u306f\u62bc\u3057\u76ee\u3089\u3057\u3044\u62bc\u3057\u76ee\u3082\u306a\u304f\u4e0b\u843d\u3057\u305f\u3002\u3053\u308c\u306f\u5186\u5b89\u306e\u3068\u304d\u3068\u6bd4\u3079\u3066\u3082\u6025\u6fc0\u3067\u3042\u308a\u3001\u8ff7\u3044\u306e\u306a\u3044\u4e00\u76f4\u7dda\u306e\u4e0b\u843d\u3067\u3042\u3063\u305f\u3002\u3053\u308c\u306f\u6295\u8cc7\u5bb6\u304c\u4ee5\u524d\u3088\u308a\u3082\u91cf\u7684\u7de9\u548c\u306e\u5e02\u5834\u3078\u306e\u5f71\u97ff\u3092\u5f37\u304f\u4fe1\u3058\u3066\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u304a\u308a\u3001\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u91cf\u7684\u7de9\u548c\u306e\u7d42\u4e86\u3092\u6df1\u523b\u306b\u53d7\u3051\u6b62\u3081\u3066\u3044\u306a\u3044\u7c73\u56fd\u306e\u682a\u5f0f\u5e02\u5834\u306b\u306f\u77db\u76fe\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u306e\u4ef6\u306b\u3064\u3044\u3066\u306f\u4ee5\u524d\u8a18\u4e8b\u306b\u3057\u305f\u3002\u3053\u306e\u8003\u5bdf\u306f\u975e\u5e38\u306b\u91cd\u8981\u3067\u3042\u308b\u306e\u3067\u3001\u662f\u975e\u8aad\u3093\u3067\u9802\u304d\u305f\u3044\u3002<\/p>\n<ul>\n<li><a title=\"2015\u5e74\u3001\u91d1\u878d\u5e02\u5834\u306f\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u7d42\u4e86\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/669\">2015\u5e74\u3001\u91d1\u878d\u5e02\u5834\u306f\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u7d42\u4e86\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>ECB\u304c\u6708\u9593600\u5104\u30e6\u30fc\u30ed\u306e\u91cf\u7684\u7de9\u548c\u3092\u767a\u8868\u3001\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u30922\u500d\u306b\u62e1\u5927\u3078 2015\u5e741\u670822\u65e5\u306bECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u304c\u91cf\u7684\u7de9\u548c\u3092\u767a\u8868\u3057\u305f\u3053\u3068\u306b\u3088\u308a\u3001\u30e6\u30fc\u30ed\u570f\u306e\u91d1\u878d\u5e02\u5834\u306f\u65b0\u305f\u306a\u7de9\u548c\u76f8\u5834\u3067\u8cd1\u308f\u3063\u3066\u3044\u308b\u3002\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u306f\u30e6\u30fc &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/751\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">ECB\u306e\u91cf\u7684\u7de9\u548c\u307e\u3067\u306e\u7d4c\u7def\u3068\u3001\u91d1\u878d\u5e02\u5834\u306e\u53cd\u5fdc\u30922014\u5e741\u6708\u304b\u3089\u7dcf\u3056\u3089\u3044\u3059\u308b<\/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":[30,38,19],"tags":[17,18,25,26,39],"class_list":["post-751","post","type-post","status-publish","format-standard","hentry","category-european-stock-market","category-european-bond-market","category-foreign-exchange-market","tag-ecb","tag-gecina-euronext-gfc","tag-exporter","tag-unemployment-rate","tag-german-government-bonds"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/751","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=751"}],"version-history":[{"count":13,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/751\/revisions"}],"predecessor-version":[{"id":767,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/751\/revisions\/767"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}