{"id":8345,"date":"2019-08-25T08:53:16","date_gmt":"2019-08-24T23:53:16","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=8345"},"modified":"2019-08-24T21:56:00","modified_gmt":"2019-08-24T12:56:00","slug":"%e3%82%a4%e3%83%bc%e3%83%ab%e3%83%89%e3%82%ab%e3%83%bc%e3%83%96%e9%80%86%e8%bb%a2%e3%81%af%e4%bd%95%e3%81%8c%e5%95%8f%e9%a1%8c%e3%81%aa%e3%81%ae%e3%81%8b%e3%81%a8%e3%80%81%e9%8a%80%e8%a1%8c%e6%a0%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8345","title":{"rendered":"\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u9006\u8ee2\u306f\u4f55\u304c\u554f\u984c\u306a\u306e\u304b\u3068\u3001\u9280\u884c\u682a\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u7406\u7531"},"content":{"rendered":"\n<p>\u91d1\u878d\u696d\u754c\u3067\u6700\u8fd1\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304c\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u9006\u8ee2\u3067\u3042\u308b\u3002\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u9006\u8ee2\u3068\u306f\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u3067\u3042\u308a\u3001\u3064\u307e\u308a\u77ed\u671f\u91d1\u5229\u304c\u9577\u671f\u91d1\u5229\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u72b6\u614b\u306e\u3053\u3068\u3092\u6307\u3059\u3002\u3057\u304b\u3057\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u9006\u8ee2\u306f\u305d\u3082\u305d\u3082\u4f55\u304c\u554f\u984c\u306a\u306e\u3060\u308d\u3046\u304b\uff1f\u3000\u3053\u306e\u8a18\u4e8b\u3067\u4e00\u5ea6\u7e8f\u3081\u3066\u307f\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u77ed\u671f\u91d1\u5229\u3001\u9577\u671f\u91d1\u5229<\/strong><\/p>\n\n\n\n<p>\u5148\u305a\u305d\u3082\u305d\u3082\u9577\u671f\u91d1\u5229\u3084\u77ed\u671f\u91d1\u5229\u3068\u306f\u4f55\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u304c\u3001\u56fd\u50b5\u306a\u3069\u306e\u50b5\u5238\u3068\u306f\u304a\u91d1\u3092\u8cb8\u3057\u305f\u8a3c\u62e0\u3068\u306a\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u50b5\u5238\u306e\u4fdd\u6709\u8005\u306f\u50b5\u5238\u304c\u6e80\u671f\u306b\u306a\u308b\u307e\u3067\u91d1\u5229\u3092\u53d7\u3051\u53d6\u308a\u7d9a\u3051\u3001\u6e80\u671f\u306b\u306a\u308c\u3070\u8cb8\u3057\u4ed8\u3051\u305f\u5143\u306e\u304a\u91d1\u304c\u8fd4\u3063\u3066\u304f\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u306e\u6e80\u671f\u307e\u3067\u306e\u671f\u9593\u306f1\u5e74\u3067\u3042\u3063\u305f\u308a2\u5e74\u3067\u3042\u3063\u305f\u308a10\u5e74\u3067\u3042\u3063\u305f\u308a\u3059\u308b\u3002\u3053\u306e\u671f\u9593\u306e\u9577\u3055\u306b\u3088\u3063\u3066\u50b5\u5238\u306f\u77ed\u671f\u3067\u3042\u3063\u305f\u308a\u9577\u671f\u3067\u3042\u3063\u305f\u308a\u3059\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3067\u306f\u671f\u9593\u306e\u9577\u3055\u306b\u3088\u3063\u3066\u50b5\u5238\u306e\u91d1\u5229\u304c\u3069\u3046\u5909\u308f\u3063\u3066\u304f\u308b\u306e\u304b\u3060\u304c\u3001\u91d1\u5229\u3068\u306f\u8cb8\u4ed8\u306e\u30ea\u30b9\u30af\u306b\u3088\u3063\u3066\u6c7a\u307e\u3063\u3066\u304f\u308b\u3002\u7834\u7523\u3057\u3066\u304a\u91d1\u304c\u8fd4\u3063\u3066\u3053\u306a\u3044\u53ef\u80fd\u6027\u306e\u9ad8\u3044\u501f\u308a\u624b\u306b\u306f\u9ad8\u91d1\u5229\u3067\u8cb8\u3057\u4ed8\u3051\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u9006\u306b\u7834\u7523\u3059\u308b\u53ef\u80fd\u6027\u306e\u4f4e\u3044\u501f\u308a\u624b\u306b\u306f\u4f4e\u91d1\u5229\u3067\u8cb8\u3057\u4ed8\u3051\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u501f\u308a\u624b\u304c\u540c\u3058\u3067\u3042\u308b\u5834\u5408\u3001\u671f\u9593\u304c\u9577\u3044\u307b\u3069\u305d\u306e\u9593\u306b\u7834\u7523\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u306a\u308b\u305f\u3081\u3001\u57fa\u672c\u7684\u306b\u306f\u9577\u671f\u306e\u50b5\u5238\u307b\u3069\u91d1\u5229\u304c\u9ad8\u304f\u306a\u308b\u306e\u304c\u666e\u901a\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u9006\u8ee2<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u554f\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u306f\u305d\u306e\u9577\u77ed\u306e\u91d1\u5229\u304c\u666e\u901a\u3068\u306f\u9055\u3063\u3066\u9006\u306b\u306a\u308b\u3001\u3064\u307e\u308a\u77ed\u671f\u306e\u91d1\u5229\u306e\u65b9\u304c\u9ad8\u304f\u306a\u308b\u5834\u5408\u306e\u3053\u3068\u3067\u3042\u308b\u3002\u73fe\u5728\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u306e\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u306a\u306e\u3067\u3001\u5148\u305a\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u5404\u7a2e\u91d1\u5229\u3092\u4e26\u3079\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u653f\u7b56\u91d1\u5229:<\/strong> 2.00%-2.25%<\/li><li><strong>1\u5e74\u7269\u56fd\u50b5:<\/strong> 1.73%<\/li><li><strong>2\u5e74\u7269\u56fd\u50b5:<\/strong> 1.51%<\/li><li><strong>5\u5e74\u7269\u56fd\u50b5:<\/strong> 1.40%<\/li><li><strong>7\u5e74\u7269\u56fd\u50b5:<\/strong> 1.46%<\/li><li><strong>10\u5e74\u7269\u56fd\u50b5:<\/strong> 1.52%<\/li><\/ul>\n\n\n\n<p>\u5148\u305a\u4e00\u756a\u9ad8\u3044\u306e\u306f\u4e00\u756a\u77ed\u671f\u306e\u653f\u7b56\u91d1\u5229\u3067\u3042\u308b\u3002\u305d\u3053\u304b\u3089\u5f90\u3005\u306b\u4f4e\u304f\u306a\u3063\u3066\u3086\u304d\u3001\u4e00\u756a\u4f4e\u3044\u306e\u304c5\u5e74\u7269\u3067\u3042\u308a\u3001\u305d\u3053\u304b\u3089\u518d\u3073\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u3001\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u3068\u306f\u3069\u308c\u3068\u3069\u308c\u306e\u9006\u8ee2\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u304c\u3001\u4e00\u822c\u7684\u306b\u306f2\u5e74\u7269\u56fd\u50b5\uff08\u77ed\u671f\u91d1\u5229\uff09\u306810\u5e74\u7269\u56fd\u50b5\uff08\u9577\u671f\u91d1\u5229\uff09\u3092\u6bd4\u3079\u305f\u3082\u306e\u306e\u3053\u3068\u3092\u8a00\u3046\u3002\u73fe\u6642\u70b9\u3067\u306f\u304b\u308d\u3046\u3058\u3066\u9577\u671f\u306e\u65b9\u304c\u9ad8\u3044\u304c\u3001\u3053\u308c\u304c\u3072\u3063\u304f\u308a\u8fd4\u3063\u305f\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u6700\u8fd1\u3042\u308a\u3001\u305d\u308c\u304c\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3059\u308b\u3068\u91d1\u878d\u95a2\u4fc2\u8005\u304c\u614c\u3066\u59cb\u3081\u308b\u7b2c\u4e00\u306e\u7406\u7531\u306f\u3001\u9006\u8ee2\u306e\u5f8c\u306b\u5b9f\u4f53\u7d4c\u6e08\u304c\u666f\u6c17\u5f8c\u9000\u306b\u9665\u308b\u3053\u3068\u304c\u591a\u3044\u304b\u3089\u3067\u3042\u308b\u3002\u9577\u671f\u91d1\u5229\u306f\u5b9f\u4f53\u7d4c\u6e08\u306e\u6210\u9577\u7387\u3084\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044\u304c\u3001\u77ed\u671f\u91d1\u5229\u306f\u653f\u7b56\u91d1\u5229\u306e\u4eca\u5f8c\u306e\u898b\u901a\u3057\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u305f\u3081\u3001\u9577\u671f\u304c\u4f4e\u3044\u306e\u306b\u77ed\u671f\u304c\u9ad8\u3044\u3068\u306f\u3001\u7d4c\u6e08\u306e\u898b\u901a\u3057\u304c\u60aa\u3044\u306e\u306b\u4e2d\u592e\u9280\u884c\u306e\u8a2d\u5b9a\u3059\u308b\u91d1\u5229\u304c\u9ad8\u3059\u304e\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u306e\u904e\u53bb\u306e\u4f8b<\/strong><\/p>\n\n\n\n<p>\u904e\u53bb\u306e\u4f8b\u3067\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u304b\u300210\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304b\u30892\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u3092\u5f15\u3044\u305f\u3082\u306e\u3092\u30c1\u30e3\u30fc\u30c8\u306b\u3059\u308b\u3068\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"548\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/1976-2019-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png\" alt=\"\" class=\"wp-image-8348\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/1976-2019-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png 548w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/1976-2019-10-year-treasury-yield-minus-2-year-treasury-yield-chart-300x256.png 300w\" sizes=\"auto, (max-width: 548px) 100vw, 548px\" \/><\/figure>\n\n\n\n<p>\u30bc\u30ed\u4ee5\u4e0b\u306b\u306a\u3063\u305f\u90e8\u5206\u304c\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3057\u305f\u7b87\u6240\u3067\u3042\u308a\u3001\u7070\u8272\u306e\u90e8\u5206\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u666f\u6c17\u5f8c\u9000\u306b\u306a\u3063\u305f\u671f\u9593\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u3092\u898b\u308b\u3068\u3001\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3057\u305f\u76f4\u5f8c\u306b\u306f\u307b\u3068\u3093\u3069\u6bce\u56de\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u30021998\u5e74\u30682006\u5e74\u306b\u306f\u307b\u3093\u306e\u5c11\u3057\u306e\u9593\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3057\u305f\u5f8c\u3001\u4e00\u5ea6\u6301\u3061\u76f4\u3057\u3066\u304b\u3089\u518d\u3073\u9577\u77ed\u91d1\u5229\u304c\u5927\u304d\u304f\u9006\u8ee2\u3057\u3066\u304a\u308a\u3001\u4eca\u56de\u306e\u9006\u8ee2\u3092\u300c\u5c11\u3057\u306e\u9593\u9006\u8ee2\u3057\u305f\u3060\u3051\u3067\u306f\u666f\u6c17\u5f8c\u9000\u306e\u30b5\u30a4\u30f3\u3068\u306a\u3089\u306a\u3044\u300d\u3068\u4e3b\u5f35\u3057\u305f\u5f53\u5c40\u95a2\u4fc2\u8005\u304c\u5c45\u305f\u306e\u3082\u9837\u3051\u308b\u3002\u305f\u3060\u3001\u305d\u3046\u3057\u305f\u5834\u5408\u3082\u305d\u306e\u5f8c\u3082\u3046\u4e00\u5ea6\u9006\u8ee2\u3057\u305f\u5f8c\u306b\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3084\u306f\u308a\u3001\u3053\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u308b\u3068\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u306f\u666f\u6c17\u5f8c\u9000\u306e\u524d\u89e6\u308c\u3068\u3057\u3066\u5927\u304d\u306a\u610f\u5473\u3092\u6301\u3063\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u6765\u5e74\u304b\u3082\u3057\u308c\u306a\u3044\u3057\u30013\u5e74\u5f8c\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u6700\u521d\u306b\u9006\u8ee2\u3057\u3066\u304b\u3089\u3069\u308c\u304f\u3089\u3044\u3067\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308b\u304b\u306b\u306f\u5dee\u304c\u3042\u308b\u3088\u3046\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u306f\u666f\u6c17\u5f8c\u9000\u306e\u539f\u56e0\u304b<\/strong><\/p>\n\n\n\n<p>\u305f\u3060\u3001\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u306f\u666f\u6c17\u5f8c\u9000\u306e\u76f4\u63a5\u7684\u539f\u56e0\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u9577\u671f\u91d1\u5229\u304c\u4f4e\u3044\u3053\u3068\u81ea\u4f53\u306f\u7d4c\u6e08\u306b\u3068\u3063\u3066\u597d\u6761\u4ef6\u3067\u3042\u308b\u3002\u77ed\u671f\u91d1\u5229\u304c\u9ad8\u304f\u3068\u3082\u3001\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3059\u308b\u3088\u3046\u306a\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u3084\u81ea\u52d5\u8eca\u30ed\u30fc\u30f3\u91d1\u5229\u306a\u3069\u306f\u9577\u671f\u91d1\u5229\u3092\u3082\u3068\u306b\u6c7a\u5b9a\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3059\u308b\u3068\u7acb\u3061\u884c\u304b\u306a\u3044\u696d\u754c\u304c\u4e00\u3064\u3042\u308b\u3002\u9280\u884c\u696d\u3067\u3042\u308b\u3002\u9280\u884c\u306f\u6d88\u8cbb\u8005\u304b\u3089\u9810\u304b\u3063\u305f\u9810\u91d1\u3092\u4f01\u696d\u306a\u3069\u306b\u8cb8\u3057\u4ed8\u3051\u308b\u5546\u58f2\u3067\u3042\u308a\u3001\u4e00\u822c\u7684\u306b\u9810\u91d1\u306f\u77ed\u671f\u306e\u9810\u304b\u308a\u3067\u3001\u4f01\u696d\u5411\u3051\u306e\u8cb8\u3057\u4ed8\u3051\u306f\u9577\u671f\u306e\u8cb8\u3057\u4ed8\u3051\u3067\u3042\u308b\u3002\u9577\u671f\u3088\u308a\u77ed\u671f\u306e\u65b9\u304c\u9ad8\u3044\u3068\u3001\u4f01\u696d\u304b\u3089\u53d7\u3051\u53d6\u308b\u91d1\u5229\u3088\u308a\u9810\u91d1\u8005\u306b\u652f\u6255\u3046\u91d1\u5229\u306e\u65b9\u304c\u9ad8\u304f\u306a\u3063\u3066\u3057\u307e\u3044\u3001\u5546\u58f2\u3092\u3059\u308b\u3060\u3051\u8d64\u5b57\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>\u9280\u884c\u682a\u304c\u4e16\u754c\u7684\u306b\u5927\u66b4\u843d\u3057\u3066\u3044\u308b\u306e\u306f\u305d\u3046\u3044\u3046\u7406\u7531\u3067\u3042\u308b\u3002\u4f8b\u3048\u3070\u4ee5\u4e0b\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u5927\u624b\u9280\u884cWells Fargo\u306e\u682a\u4fa1\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/2019-8-24-wells-fargo-and-company-nyse-wfc-chart.png\" alt=\"\" class=\"wp-image-8349\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/2019-8-24-wells-fargo-and-company-nyse-wfc-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/2019-8-24-wells-fargo-and-company-nyse-wfc-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/figure>\n\n\n\n<p>2018\u5e74\u521d\u982d\u304c\u30d4\u30fc\u30af\u3067\u3001\u305d\u3053\u304b\u3089\u5927\u66b4\u843d\u3057\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u4fa1\u6307\u6570S&amp;P 500\u306f2018\u5e74\u306e\u4e0b\u843d\u304b\u3089\u6301\u3061\u76f4\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u3048\u308c\u3070\u3001\u9280\u884c\u682a\u304c\u7279\u306b\u4e0b\u843d\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/2019-8-24-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-8350\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/2019-8-24-s-and-p-500-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/08\/2019-8-24-s-and-p-500-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/figure>\n\n\n\n<p>\u9280\u884c\u682a\u306e\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u306f\u4e16\u754c\u7684\u306a\u3082\u306e\u3067\u3042\u308a\u3001\u65e5\u672c\u682a\u3067\u3082\u9280\u884c\u682a\u306f\u304b\u306a\u308a\u4e0d\u8abf\u3067\u3042\u308b\u3002UFJ\u3084\u4e09\u4e95\u4f4f\u53cb\u306a\u3069\u306f\u682a\u4fa1\u53ce\u76ca\u7387\u304c7\u524d\u5f8c\u306b\u307e\u3067\u843d\u3061\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3053\u3046\u3057\u3066\u898b\u308b\u3068\u30012018\u5e74\u306f\u9280\u884c\u682a\u306e\u7d76\u597d\u306e\u58f2\u308a\u6642\u3060\u3063\u305f\u3068\u8a00\u3048\u308b\u3002\u7b46\u8005\u306f\u682a\u306e\u7a7a\u58f2\u308a\u30922018\u5e74\u306e\u79cb\u524d\u306b\u59cb\u3081\u305f\u305f\u3081\u30012018\u5e74\u521d\u982d\u306b\u5929\u4e95\u3092\u8fce\u3048\u305f\u9280\u884c\u682a\u3092\u58f2\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u9003\u3057\u3066\u3057\u307e\u3063\u305f\u304c\u3001\u30ea\u30b9\u30af\u30aa\u30d5\u306b\u3088\u3063\u3066\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u3001\u3057\u304b\u3082\u4e2d\u592e\u9280\u884c\u306e\u5bfe\u5fdc\u304c\u9045\u308c\u308b\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u308b\u3068\u304d\u3001\u305d\u308c\u304c\u3082\u305f\u3089\u3059\u7d50\u679c\u306f\u9577\u77ed\u91d1\u5229\u5dee\u306e\u7e2e\u5c0f\u3067\u3042\u308b\u305f\u3081\u3001\u9280\u884c\u682a\u306e\u7a7a\u58f2\u308a\u306f\u304b\u306a\u308a\u65e8\u5473\u306e\u3042\u308b\u30c8\u30ec\u30fc\u30c9\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u304b\u3089\u601d\u3048\u3070\u305d\u308c\u3092\u9003\u3057\u3066\u3057\u307e\u3063\u305f\u308f\u3051\u3060\u304c\u3001\u81ea\u5206\u306e\u30c8\u30ec\u30fc\u30c9\u306b\u3042\u307e\u308a\u4e0d\u6e80\u306f\u8a00\u308f\u306a\u3044\u3067\u304a\u3053\u3046\u3002\u4e88\u60f3\u306f\u307b\u3068\u3093\u3069\u3059\u3079\u3066\u5f53\u305f\u308a\u3001\u682a\u3068\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3067\u5145\u5206\u5229\u76ca\u304c\u51fa\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u3053\u308c\u3067\u6587\u53e5\u3092\u8a00\u3048\u3070\u7f70\u304c\u5f53\u305f\u308b\u3068\u3044\u3046\u3082\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8244\">\u65e5\u7d4c\u5e73\u5747\u306e\u7a7a\u58f2\u308a\u3092\u5229\u76ca\u78ba\u5b9a\u3001\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3078\u5b8c\u5168\u79fb\u884c (2019\/6\/5)<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8321\">\u30c9\u30eb\u5186\u4e0b\u843d\u306e\u539f\u56e0\u3068\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u4eca\u5f8c\u306e\u898b\u901a\u3057 (2019\/8\/14)<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u91d1\u878d\u696d\u754c\u3067\u6700\u8fd1\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304c\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u9006\u8ee2\u3067\u3042\u308b\u3002\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u9006\u8ee2\u3068\u306f\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u3067\u3042\u308a\u3001\u3064\u307e\u308a\u77ed\u671f\u91d1\u5229\u304c\u9577\u671f\u91d1\u5229\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u72b6\u614b\u306e\u3053\u3068\u3092\u6307\u3059\u3002\u3057\u304b\u3057\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u9006\u8ee2\u306f\u305d\u3082\u305d\u3082\u4f55\u304c\u554f\u984c\u306a\u306e\u3060\u308d\u3046\u304b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8345\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u9006\u8ee2\u306f\u4f55\u304c\u554f\u984c\u306a\u306e\u304b\u3068\u3001\u9280\u884c\u682a\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u7406\u7531<\/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":[59,118,111,108],"tags":[],"class_list":["post-8345","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/8345","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=8345"}],"version-history":[{"count":8,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/8345\/revisions"}],"predecessor-version":[{"id":8356,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/8345\/revisions\/8356"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=8345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=8345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=8345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}