{"id":9767,"date":"2020-03-31T07:12:00","date_gmt":"2020-03-30T22:12:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=9767"},"modified":"2020-03-31T00:09:19","modified_gmt":"2020-03-30T15:09:19","slug":"%e3%83%98%e3%83%aa%e3%82%b3%e3%83%97%e3%82%bf%e3%83%bc%e3%83%9e%e3%83%8d%e3%83%bc%e3%81%af%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e3%82%92%e3%82%82%e3%81%9f%e3%82%89%e3%81%99%e3%81%8b","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9767","title":{"rendered":"\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u3082\u305f\u3089\u3059\u304b"},"content":{"rendered":"\n<p>\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a3\u30eb\u30b9\u306e\u4e16\u754c\u7684\u6d41\u884c\u306b\u3088\u3063\u3066\u5404\u56fd\u653f\u5e9c\u306f\u7d4c\u6e08\u5bfe\u7b56\u3092\u8003\u3048\u3066\u3044\u308b\u304c\u3001\u305d\u306e\u4e2d\u306b\u306f\u56fd\u6c11\u306b\u76f4\u63a5\u73fe\u91d1\u3092\u914d\u308b\u3044\u308f\u3086\u308b\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\u304c\u542b\u307e\u308c\u3066\u3044\u308b\u3002\u7c73\u56fd\u3067\u306f\u65e2\u306b\u6cd5\u6848\u304c\u8b70\u4f1a\u3092\u901a\u308a\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306b\u3088\u3063\u3066\u7f72\u540d\u3055\u308c\u30011\u4eba\u3042\u305f\u308a1,200\u30c9\u30eb\uff08\u6240\u5f97\u5236\u9650\u3042\u308a\uff09\u304c\u914d\u3089\u308c\u308b\u3053\u3068\u304c\u6c7a\u5b9a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u7d4c\u6e08\u653f\u7b56\u3068\u30c7\u30d5\u30ec<\/strong><\/p>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u8003\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306f\u305d\u306e\u7d4c\u6e08\u7684\u5f71\u97ff\u3067\u3042\u308b\u3002\u3053\u308c\u307e\u3067\u3069\u3093\u306a\u7d4c\u6e08\u653f\u7b56\u3082\u5148\u9032\u56fd\u3092\u30c7\u30d5\u30ec\u304b\u3089\u8131\u5374\u3055\u305b\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u304b\u3063\u305f\u3002\u4ee5\u4e0b\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u6210\u9577\u7387\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"486\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-inflation-rate-long-term-chart.png\" alt=\"\" class=\"wp-image-9769\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-inflation-rate-long-term-chart.png 486w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-inflation-rate-long-term-chart-300x289.png 300w\" sizes=\"auto, (max-width: 486px) 100vw, 486px\" \/><\/figure>\n\n\n\n<p>\u3057\u304b\u3057\u305d\u306e\u9593\u4e2d\u592e\u9280\u884c\u306f\u7d19\u5e63\u3092\u5370\u5237\u3057\u7d9a\u3051\u3066\u3044\u308b\u3002\u4e2d\u592e\u9280\u884c\u304c\u4f5c\u308a\u51fa\u3057\u305f\u8ca8\u5e63\u306e\u5408\u8a08\u3001\u3064\u307e\u308a\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u306e\u30c1\u30e3\u30fc\u30c8\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=\"486\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-base-money-long-term-chart.png\" alt=\"\" class=\"wp-image-9771\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-base-money-long-term-chart.png 486w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-base-money-long-term-chart-300x289.png 300w\" sizes=\"auto, (max-width: 486px) 100vw, 486px\" \/><\/figure>\n\n\n\n<p>\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u306f1980\u5e74\u304b\u308925\u500d\u7a0b\u5ea6\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u4e2d\u592e\u9280\u884c\u304c\u4f5c\u308a\u51fa\u3057\u305f\u8ca8\u5e63\u306e\u7dcf\u91cf\u306f\u305d\u306e\u307e\u307e\u9280\u884c\u53e3\u5ea7\u306b\u5165\u3063\u3066\u3044\u308b\u304a\u91d1\u306e\u7dcf\u91cf\u3067\u306f\u306a\u3044\u3002\u5e02\u4e2d\u306e\u9280\u884c\u3082\u307e\u305f\u9810\u91d1\u8005\u306e\u53e3\u5ea7\u306b\u5165\u3063\u3066\u3044\u308b\u304a\u91d1\u3092\u5225\u306e\u4eba\u306b\u8cb8\u3059\u3053\u3068\u306b\u3088\u3063\u3066\u540c\u3058\u304a\u91d1\u3092\u8907\u6570\u306e\u4eba\u306e\u53e3\u5ea7\u306b\u5165\u308c\u3001\u53e3\u5ea7\u6b8b\u9ad8\u306e\u5408\u8a08\u3092\u5897\u3084\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9280\u884c\u306e\u5897\u3084\u3057\u305f\u304a\u91d1\u3082\u542b\u3081\u305f\u4e16\u306e\u4e2d\u306b\u3042\u308b\u304a\u91d1\u306e\u7dcf\u91cf\u3092\u30de\u30cd\u30fc\u30b9\u30c8\u30c3\u30af\uff08\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\uff09\u3068\u547c\u3076\u304c\u3001\u3053\u306e\u30de\u30cd\u30fc\u30b9\u30c8\u30c3\u30af\u306e\u4f38\u3073\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=\"486\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-m1-money-stock-long-term-chart.png\" alt=\"\" class=\"wp-image-9773\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-m1-money-stock-long-term-chart.png 486w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-30-us-m1-money-stock-long-term-chart-300x289.png 300w\" sizes=\"auto, (max-width: 486px) 100vw, 486px\" \/><\/figure>\n\n\n\n<p>\u3053\u3061\u3089\u304c\u53e3\u5ea7\u6b8b\u9ad8\u306e\u5b9f\u614b\u306b\u8fd1\u3044\u6570\u5b57\u3067\u3042\u308a\u30011980\u5e74\u304b\u308910\u500d\u7a0b\u5ea6\u3068\u3044\u3046\u3068\u3053\u308d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u3092\u5897\u3084\u3057\u3066\u3082\u30de\u30cd\u30fc\u30b9\u30c8\u30c3\u30af\u306f\u305d\u308c\u307b\u3069\u5897\u3048\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u4e2d\u592e\u9280\u884c\u304c\u5237\u3063\u305f\u304a\u91d1\u304c\u73fe\u91d1\u3068\u3057\u3066\u9280\u884c\u53e3\u5ea7\u306e\u4e2d\u306b\u5165\u3063\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u4f55\u51e6\u306b\u884c\u3063\u305f\u306e\u304b\u3068\u8a00\u3048\u3070\u3001\u305d\u308c\u306f\u682a\u5f0f\u5e02\u5834\u3084\u4e0d\u52d5\u7523\u5e02\u5834\u3001\u50b5\u5238\u5e02\u5834\u306a\u3069\u306b\u884c\u3063\u305f\u306e\u3067\u3042\u308b\u3002\u6d88\u8cbb\u306b\u4f7f\u3046\u305f\u3081\u306e\u9280\u884c\u53e3\u5ea7\u306b\u305d\u306e\u304a\u91d1\u306f\u306a\u304f\u3001\u304a\u91d1\u304c\u3042\u3063\u3066\u3082\u4f7f\u308f\u306a\u3044\u306e\u3067\u6295\u8cc7\u306b\u56de\u3055\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3053\u308c\u304c\u3053\u308c\u307e\u3067\u91d1\u878d\u7de9\u548c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u3082\u305f\u3089\u3055\u306a\u304b\u3063\u305f\u7406\u7531\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4f55\u6545\u6d88\u8cbb\u306b\u56de\u3089\u306a\u3044\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u4e16\u306e\u4e2d\u306e\u591a\u304f\u306e\u4eba\u3005\u306f\u3053\u306e\u73fe\u8c61\u306b\u9996\u3092\u50be\u3052\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u4e2d\u592e\u9280\u884c\u304c\u304a\u91d1\u3092\u5237\u3063\u3066\u304f\u308c\u3066\u3044\u308b\u306e\u306b\u8ab0\u3082\u304a\u91d1\u3092\u4f7f\u308f\u306a\u3044\u306e\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u304b\u3002\u4e2d\u592e\u9280\u884c\u304c\u597d\u304d\u52dd\u624b\u306b\u7d19\u5e63\u3092\u5370\u5237\u3057\u3066\u3082\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3089\u306a\u304b\u3063\u305f\u7406\u7531\u304c\u305d\u3053\u306b\u3042\u308b\u3002\u305d\u308c\u306f\u8ca7\u5bcc\u306e\u5dee\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u653f\u6cbb\u5bb6\u3068\u4e2d\u592e\u9280\u884c\u5bb6\u306f\u7d4c\u6e08\u6d3b\u6027\u5316\u306e\u305f\u3081\u3068\u8a00\u3044\u306a\u304c\u3089\u3001\u5b9f\u969b\u306b\u306f\u6240\u5f97\u306e\u79fb\u8ee2\u88c5\u7f6e\u306b\u904e\u304e\u306a\u3044\u91cf\u7684\u7de9\u548c\u3092\u9577\u5e74\u884c\u306a\u3063\u3066\u304d\u305f\u3002\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u8cc7\u7523\u8cb7\u3044\u5165\u308c\u306f\u8cc7\u7523\u3092\u6301\u3063\u3066\u3044\u306a\u3044\u4eba\u304b\u3089\u6301\u3063\u3066\u3044\u308b\u4eba\u306b\u6240\u5f97\u3092\u79fb\u8ee2\u3059\u308b\u653f\u7b56\u3067\u3042\u308b\u3002\u7d19\u5e63\u5370\u5237\u306f\u305d\u308c\u81ea\u4f53\u3067\u306f\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3055\u305a\u3001\u5358\u306b\u305d\u306e\u5f71\u97ff\u3092\u53d7\u3051\u308b\u4eba\u306e\u53e3\u5ea7\u6b8b\u9ad8\u3092\u5897\u3084\u3059\u3060\u3051\u306e\u653f\u7b56\u306a\u306e\u3060\u304b\u3089\u3001\u305d\u308c\u306f\u5358\u306b\u6240\u5f97\u3092\u79fb\u8ee2\u3059\u308b\u88c5\u7f6e\u306b\u904e\u304e\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5927\u5909\u5947\u5999\u306a\u306e\u306f\u3001\u305d\u3046\u3044\u3046\u653f\u7b56\u304c\u8cc7\u7523\u3092\u307b\u3068\u3093\u3069\u6301\u3063\u3066\u3044\u306a\u3044\u4eba\u3005\u306b\u652f\u6301\u3055\u308c\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u3055\u3066\u304a\u304d\u3001\u305d\u308c\u304c\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u7e4b\u304c\u3089\u306a\u304b\u3063\u305f\u306e\u306f\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u6307\u6458\u3059\u308b\u7406\u7531\u3092\u9664\u3051\u3070\u8cc7\u7523\u3092\u6301\u3063\u3066\u3044\u308b\u5c64\u304c\u8cc7\u7523\u3092\u4f7f\u308f\u306a\u3044\u4eba\u3005\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7103\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: 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class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9681\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u65b0\u578b\u30b3\u30ed\u30ca\u3067\u306e\u4f01\u696d\u6551\u6e08\u3068\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\u3092\u75db\u70c8\u6279\u5224<\/a><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u7406\u8ad6\u4e0a\u3001\u501f\u91d1\u6f2c\u3051\u306e\u6d88\u8cbb\u8005\u306b\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\u3092\u884c\u306a\u3063\u3066\u3082\u501f\u91d1\u8fd4\u6e08\u306b\u4f7f\u3046\u3060\u3051\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3057\u304b\u3057\u3053\u308c\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8a71\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u4eba\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u4ed5\u7d44\u307f\u3092\u7406\u89e3\u3059\u308b\u3060\u3051\u306e\u982d\u304c\u306a\u3044\u306e\u3067\u3001\u5f7c\u3089\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u652f\u6255\u3044\u984d\u3092\u5168\u984d\u652f\u6255\u3048\u308b\u5834\u5408\u306b\u3082\u4e00\u90e8\u3060\u3051\u3092\u652f\u6255\u3063\u3066\u6b8b\u308a\u3092\u6765\u6708\u306b\u6b8b\u3057\u3066\u3057\u307e\u3046\u3002\u7d4c\u6e08\u5b66\u7684\u306b\u306f\u610f\u5473\u304c\u5206\u304b\u3089\u306a\u3044\u304c\u3001\u7b46\u8005\u306f\u3053\u3046\u3044\u3046\u30a2\u30e1\u30ea\u30ab\u4eba\u306b\u591a\u6570\u51fa\u4f1a\u3063\u305f\u3053\u3068\u304c\u3042\u308b\u3002\u91d1\u5229\u306e\u5229\u6255\u3044\u304c\u99ac\u9e7f\u306b\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u304c\u5206\u304b\u3089\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3068\u3082\u304b\u304f\u3001\u3053\u3046\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u652f\u6255\u3044\u3068\u3044\u3046\u30ed\u30fc\u30f3\u3092\u62b1\u3048\u3066\u3044\u308b\u4eba\u304c\u591a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u65e5\u672c\u3067\u306f\u3069\u3046\u3060\u308d\u3046\u304b\uff1f\u3000\u65e5\u672c\u4eba\u306f\u30a2\u30e1\u30ea\u30ab\u4eba\u307b\u3069\u501f\u91d1\u3092\u3057\u3066\u3044\u306a\u3044\u3002\u5f7c\u3089\u306f\u6d88\u8cbb\u306b\u4f7f\u3046\u3060\u308d\u3046\u304b\uff1f\u3000\u8caf\u84c4\u306b\u56de\u3059\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u3057\u304b\u3057\u305d\u308c\u306f\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\u304c1\u56de\u304d\u308a\u3067\u3042\u308c\u3070\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u304b\u3064\u3066\u306f\u975e\u4f1d\u7d71\u7684\u624b\u6bb5\u3068\u547c\u3070\u308c\u3066\u3044\u305f\u91cf\u7684\u7de9\u548c\u3082\u3064\u3044\u306b\u7121\u5236\u9650\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u3063\u305f\u3088\u3046\u306b\u3001\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\u3082\u4eca\u5f8c10\u5e74\u3067\u7121\u5236\u9650\u306b\u306a\u3089\u306a\u3044\u3068\u306f\u8a00\u3044\u5207\u308c\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul 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&hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9767\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u3082\u305f\u3089\u3059\u304b<\/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":[],"class_list":["post-9767","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/9767","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=9767"}],"version-history":[{"count":46,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/9767\/revisions"}],"predecessor-version":[{"id":9817,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/9767\/revisions\/9817"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=9767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=9767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=9767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}