{"id":9004,"date":"2020-03-12T07:52:43","date_gmt":"2020-03-11T22:52:43","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=9004"},"modified":"2020-03-12T07:52:43","modified_gmt":"2020-03-11T22:52:43","slug":"%e6%97%a5%e9%8a%80%e3%81%8c%e8%bf%bd%e5%8a%a0%e7%b7%a9%e5%92%8c%e3%81%a8%e3%81%97%e3%81%a6%e6%a0%aa%e5%bc%8fetf%e8%b2%b7%e3%81%84%e5%85%a5%e3%82%8c%e5%a2%97%e9%a1%8d%e3%82%92%e6%a4%9c%e8%a8%8e","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9004","title":{"rendered":"\u65e5\u9280\u304c\u8ffd\u52a0\u7de9\u548c\u3068\u3057\u3066\u682a\u5f0fETF\u8cb7\u3044\u5165\u308c\u5897\u984d\u3092\u691c\u8a0e\u304b"},"content":{"rendered":"\n<p>\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a3\u30eb\u30b9\u80ba\u708e\u3067\u91d1\u878d\u5e02\u5834\u304c\u6025\u843d\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3001\u65e5\u9280\u304c\u91cf\u7684\u7de9\u548c\u306e\u4e00\u74b0\u3068\u3057\u3066\u884c\u306a\u3063\u3066\u3044\u308bETF\u306e\u8cb7\u3044\u5165\u308c\u91d1\u984d\u5897\u984d\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u3089\u3057\u3044\u3002Reuters\u304c\u5831\u3058\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u682a\u5f0f\u8cb7\u3044\u5165\u308c<\/strong><\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u306e\u8a71\u304b\u3089\u59cb\u3081\u3088\u3046\u3002\u5143\u3005\u4e2d\u592e\u9280\u884c\u306f\u653f\u7b56\u91d1\u5229\u3092\u64cd\u4f5c\u3059\u308b\u3053\u3068\u304c\u5f79\u5272\u3060\u3063\u305f\u3002\u305d\u308c\u3088\u308a\u4ee5\u524d\u306b\u306f\u91d1\u5229\u3092\u4e00\u5143\u7684\u306b\u64cd\u4f5c\u3067\u304d\u308b\u7d44\u7e54\u306a\u3069\u306a\u304b\u3063\u305f\u306e\u3060\u304c\u3001\u4f55\u6545\u653f\u5e9c\u304c\u305d\u306e\u6a29\u9650\u3092\u624b\u306b\u3057\u3066\u3057\u307e\u3063\u305f\u306e\u304b\u3068\u3044\u3046\u8a71\u306f\u4eca\u56de\u306f\u8107\u306b\u7f6e\u304f\u3002<\/p>\n\n\n\n<p>\u901a\u5e38\u6642\u306f\u666f\u6c17\u304c\u60aa\u3051\u308c\u3070\u91d1\u5229\u3092\u4e0b\u3052\u3066\u4f01\u696d\u3084\u6d88\u8cbb\u8005\u304c\u304a\u91d1\u3092\u501f\u308a\u3084\u3059\u304f\u306a\u308b\u3088\u3046\u306b\u3057\u3001\u666f\u6c17\u304c\u826f\u3051\u308c\u3070\u91d1\u5229\u3092\u4e0a\u3052\u3066\u305d\u308c\u3092\u3082\u3068\u306b\u623b\u3059\u3068\u3044\u3046\u3053\u3068\u3092\u884c\u306a\u3063\u3066\u304d\u305f\u3002\u3057\u304b\u3057\u305d\u308c\u3092\u7d9a\u3051\u3066\u3044\u308b\u3046\u3061\u306b\u91d1\u5229\u3092\u4e0b\u3052\u3066\u3082\u653f\u5e9c\u306e\u671b\u3080\u3088\u3046\u306a\u7d4c\u6e08\u6210\u9577\u304c\u5f97\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u304d\u305f\u3002\u305d\u308c\u3067\u4e2d\u592e\u9280\u884c\u306f\u7d19\u5e63\u3092\u5370\u5237\u3057\u3066\u5e02\u5834\u304b\u3089\u8a3c\u5238\u3092\u8cb7\u3044\u4e0a\u3052\u308b\u91cf\u7684\u7de9\u548c\u3068\u3044\u3046\u3082\u306e\u3092\u767a\u660e\u3057\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91cf\u7684\u7de9\u548c\u3067\u5bfe\u8c61\u3068\u306a\u308b\u8cb7\u3044\u5165\u308c\u8cc7\u7523\u3068\u306f\u4e3b\u306b\u56fd\u50b5\u3067\u3042\u308b\u3002\u65e5\u9280\u3082ECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u3082Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u3082\u56fd\u50b5\u3092\u8cb7\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8440\">\u7c73\u56fd\u3001\u5b9f\u8cea\u7684\u306b\u91cf\u7684\u7de9\u548c\u306e\u518d\u958b\u3092\u5ba3\u8a00 (2019\/10\/12)<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8393\">ECB\u3001\u91cf\u7684\u7de9\u548c\u518d\u958b\u3092\u6c7a\u5b9a\u3001\u4eca\u5f8c\u306e\u76f8\u5834\u306e\u8a66\u91d1\u77f3\u306b (2019\/9\/12)<\/a><\/li><\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u65e5\u9280\u3060\u3051\u306f\u305d\u308c\u3067\u6e80\u8db3\u3057\u306a\u304b\u3063\u305f\u3002\u682a\u4fa1\u3092\u4e0a\u3052\u305f\u304b\u3063\u305f\u306e\u3067\u682a\u5f0f\u3092\u8cb7\u3044\u59cb\u3081\u305f\u306e\u3067\u3042\u308b\u3002\u305d\u306e\u7d50\u679c\u682a\u4fa1\u306f\u78ba\u304b\u306b\u4e0a\u304c\u3063\u305f\u3002\u3057\u304b\u3057\u7d50\u679c\u3068\u3057\u3066\u65e5\u9280\u306b\u306f\u8ffd\u52a0\u3067\u51fa\u6765\u308b\u3053\u3068\u304c\u307b\u3068\u3093\u3069\u306a\u304f\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u7c73\u56fd\u306f\u6700\u8fd1\u65e5\u672c\u306e\u771f\u4f3c\u3092\u3057\u3066\u682a\u5f0f\u3092\u8cb7\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a 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u5206\u3060\u3051\u4e0a\u304c\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u8cb7\u3044\u5165\u308c\u5897\u984d\u3067\u73fe\u5728\u306e\u65b0\u578b\u30a6\u30a3\u30eb\u30b9\u306b\u3088\u308b\u4e0b\u3052\u76f8\u5834\u3092\u6b62\u3081\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u73fe\u5728\u306e\u65e5\u7d4c\u5e73\u5747\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-11-nikkei-225-chart.png\" alt=\"\" class=\"wp-image-9007\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-11-nikkei-225-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-11-nikkei-225-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/figure>\n\n\n\n<p>\u3053\u306e\u554f\u3044\u306b\u5bfe\u3059\u308b\u7b54\u3048\u306f\u5897\u984d\u306e\u898f\u6a21\u306b\u3082\u3088\u308b\u304c\u6050\u3089\u304fNo\u3060\u308d\u3046\u3002\u305d\u3082\u305d\u3082\u65e5\u9280\u306f\u3053\u3053\u4f55\u65e5\u304b\u3059\u3067\u306b1\u65e5\u3042\u305f\u308a\u306e\u8cb7\u3044\u5165\u308c\u91d1\u984d\u3092\u304a\u3088\u305d700\u5104\u5186\u304b\u30891,000\u5104\u5186\u306b\u5897\u984d\u3057\u3066\u3044\u308b\u3002\u6050\u3089\u304f\u306f\u3053\u306e\u4e8b\u5b9f\u4e0a\u306e\u5897\u984d\u309219\u65e5\u306e\u653f\u7b56\u6c7a\u5b9a\u4f1a\u5408\u3067\u6b63\u5f0f\u306a\u653f\u7b56\u3068\u3059\u308b\u306e\u3060\u308d\u3046\u3002\u30e1\u30c7\u30a3\u30a2\u306b\u30ea\u30fc\u30af\u3057\u305f\u306e\u3082\u305d\u306e\u305f\u3081\u3060\u3068\u601d\u308f\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3053\u3046\u3057\u305f\u5e02\u5834\u306e\u6025\u843d\u3092\u682a\u5f0f\u306e\u8cb7\u3044\u5165\u308c\u3068\u3044\u3046\u76f4\u63a5\u7684\u306a\u65b9\u6cd5\u3067\u98df\u3044\u6b62\u3081\u308b\u306b\u306f\u304b\u306a\u308a\u306e\u984d\u306e\u8cb7\u3044\u5165\u308c\u304c\u5fc5\u8981\u3068\u306a\u308b\u3002\u6771\u8a3c\u306e\u6642\u4fa1\u7dcf\u984d\u306f\u304a\u3088\u305d600\u5146\u3067\u3042\u308a\u3001\u3053\u308c\u304c10%\u4e0b\u843d\u3059\u308b\u306860\u5146\u5186\u304c\u5931\u308f\u308c\u308b\u3053\u3068\u3068\u306a\u308b\u3002\u65e5\u9280\u306e1\u65e5\u306e\u8cb7\u3044\u5165\u308c\u91d1\u984d\u304c\u3069\u308c\u307b\u3069\u5c0f\u3055\u3044\u3082\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u3002\u3088\u3063\u3066\u65e5\u9280\u306eETF\u8cb7\u3044\u5165\u308c\u5897\u984d\u306e\u52b9\u679c\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u5229\u4e0b\u3052\u3068\u3042\u307e\u308a\u5909\u308f\u3089\u306a\u3044\u3082\u306e\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8879\">\u7c73\u56fd\u3001\u65b0\u578b\u80ba\u708e\u5bfe\u7b56\u30670.5%\u306e\u7dca\u6025\u5229\u4e0b\u3052\u5b9f\u65bd\u3082\u7c73\u56fd\u682a\u5927\u5e45\u5b89<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8907\">\u30b5\u30de\u30fc\u30ba\u6c0f: 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class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8958\">\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a3\u30eb\u30b9\u3067\u4e16\u754c\u540c\u6642\u682a\u5b89\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\u3000\u682a\u5f0f\u5e02\u5834\u306e\u5e95\u3092\u4e88\u60f3\u3059\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u65e5\u7d4c\u5e73\u5747\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u3082\u3046\u4e00\u5ea6\u63b2\u8f09\u3059\u308b\u304c\u3001\u4e0a\u304c\u3063\u305f\u5206\u4e0b\u304c\u3063\u305f\u3060\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-11-nikkei-225-chart.png\" alt=\"\" class=\"wp-image-9007\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-11-nikkei-225-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-11-nikkei-225-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" 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href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7103\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u91d1\u878d\u7de9\u548c\u3053\u305d\u304c\u30c7\u30d5\u30ec\u306e\u5143\u51f6<\/a><\/li><\/ul>\n\n\n\n<p>\u65e5\u672c\u306e\u653f\u6cbb\u3067\u9762\u767d\u3044\u306e\u306f\u3001\u81ea\u6c11\u515a\u304c\u682a\u5f0f\u306e\u56fd\u6709\u5316\u3092\u63a8\u9032\u3059\u308b\u4e00\u65b9\u3067\u5171\u7523\u515a\u304c\u305d\u308c\u306b\u53cd\u5bfe\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u8cc7\u672c\u4e3b\u7fa9\u3068\u306f\u4e00\u4f53\u4f55\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/3366\">\u65e5\u672c\u7d4c\u6e08\u306f\u3053\u3046\u3059\u308c\u3070\u5fa9\u6d3b\u3059\u308b: 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