{"id":812,"date":"2016-07-16T12:20:40","date_gmt":"2016-07-16T03:20:40","guid":{"rendered":"http:\/\/finance-gfp.com\/?p=812"},"modified":"2025-07-04T06:26:38","modified_gmt":"2025-07-03T21:26:38","slug":"%e5%86%86%e9%ab%98%e3%81%8c%e9%80%b2%e3%82%93%e3%81%a0%e7%82%ba%e6%9b%bf%e3%81%ab%e3%81%a4%e3%81%84%e3%81%a6%e6%b7%b1%e3%81%8f%e8%80%83%e3%81%88%e3%82%8b%ef%bc%88%e7%82%ba%e6%9b%bf%e5%88%86%e6%9e%90","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=812","title":{"rendered":"\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u4e88\u60f3\u30fb\u5206\u6790\u306f\u5b9f\u8cea\u91d1\u5229\u5dee\u30fb\u8cfc\u8cb7\u529b\u5e73\u4fa1\u3092\u6d3b\u7528"},"content":{"rendered":"<p>\u65e5\u672c\u4eba\u306e\u6295\u8cc7\u306b\u304a\u3044\u3066\u70ba\u66ff\u30ec\u30fc\u30c8\u306f\u975e\u5e38\u306b\u91cd\u8981\u3067\u3059\u3002<\/p>\n<p>\u5916\u50b5\u30fb\u5916\u56fd\u682a\u306e\u307f\u306a\u3089\u305a\u3001\u65e5\u672c\u682a\u3082\u70ba\u66ff\u306e\u5f71\u97ff\u3092\u5927\u304d\u304f\u53d7\u3051\u307e\u3059\u3002<\/p>\n<p>\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u4e88\u60f3\u30fb\u5206\u6790\u306b\u304a\u3044\u3066\u3001<span 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loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24267\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/currency_yield202505.png\" alt=\"\u65e5\u7c73\u5b9f\u8cea\u91d1\u5229\u5dee\u3068\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u306e\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\" width=\"728\" height=\"433\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/currency_yield202505.png 728w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/currency_yield202505-300x178.png 300w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" 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class=\"rmarker-s\"><strong>1\u30c9\u30eb\uff1d76\u5186\u53f0\u307e\u3067\u5186\u9ad8\u304c\u9032\u3093\u3067\u3044\u305f2012\u5e741\u670831\u65e5\u306f\u5b9f\u8cea\u91d1\u5229\u5dee\u304c\uff0d2.5\uff05<\/strong><\/span><\/p>\n<ul>\n<li>\u7c73\u30c9\u30eb3\u30f6\u6708\u91d1\u5229\uff1a0.5\uff05\u3001CPI\u5bfe\u524d\u5e74\u6bd4\uff1a2.9\uff05\u3001<span class=\"rmarker-s\">\u5b9f\u8cea\u91d1\u5229\uff1a\uff0d2.4\uff05<\/span><\/li>\n<li>\u51863\u30f6\u6708\u91d1\u5229\uff1a0.2\uff05\u3001CPI\u5bfe\u524d\u5e74\u6bd4\uff1a0.1\uff05\u3001<span class=\"rmarker-s\">\u5b9f\u8cea\u91d1\u5229\uff1a0.1\uff05<\/span><\/li>\n<\/ul>\n<p><span class=\"rmarker-s\"><strong>1\u30c9\u30eb\uff1d124\u5186\u53f0\u307e\u3067\u5186\u5b89\u304c\u9032\u3093\u3067\u3044\u305f2015\u5e745\u670829\u65e5\u306f\u5b9f\u8cea\u91d1\u5229\u5dee\u304c+0.7\uff05<\/strong><\/span><\/p>\n<ul>\n<li>\u7c73\u30c9\u30eb3\u30f6\u6708\u91d1\u5229\uff1a0.3\uff05\u3001CPI\u5bfe\u524d\u5e74\u6bd4\uff1a0.0\uff05\u3001<span class=\"rmarker-s\">\u5b9f\u8cea\u91d1\u5229\uff1a0.3\uff05<\/span><\/li>\n<li>\u51863\u30f6\u6708\u91d1\u5229\uff1a0.1\uff05\u3001CPI\u5bfe\u524d\u5e74\u6bd4\uff1a0.5\uff05\u3001<span class=\"rmarker-s\">\u5b9f\u8cea\u91d1\u5229\uff1a\uff0d0.4\uff05<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13323\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/5d97330b835edb126afbaf276b463657.png\" alt=\"\u65e5\u7c73\u5b9f\u8cea\u91d1\u5229\u5dee\u306e\u5909\u5316\uff082012\u5e74\u30682015\u5e74\uff09\" width=\"516\" height=\"326\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/5d97330b835edb126afbaf276b463657.png 516w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/5d97330b835edb126afbaf276b463657-300x190.png 300w\" sizes=\"auto, (max-width: 516px) 100vw, 516px\" \/><\/p>\n<p>\u3053\u308c\u3092\u898b\u3066\u3082\u5b9f\u8cea\u91d1\u5229\u306e\u9ad8\u3044\u3068\u3053\u308d\u306b\u30b7\u30d5\u30c8\u3057\u3066\u3044\u308b\u306e\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u5f8c\u306e2016\u5e74\u306b\u306f\u518d\u5ea6\u3001\u5186\u9ad8\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\"><strong>1\u30c9\u30eb\uff1d103\u5186\u53f0\u307e\u3067\u5186\u9ad8\u304c\u9032\u3093\u30602016\u5e746\u670830\u65e5\u306f\uff08\u5b9f\u8cea\u91d1\u5229\u5dee\u306f\uff0d0.7\uff05\uff09<\/strong><\/span><\/p>\n<ul>\n<li>\u7c73\u30c9\u30eb3\u30f6\u6708\u91d1\u5229\uff1a0.7\uff05\u3001CPI\u5bfe\u524d\u5e74\u6bd4\uff1a1.0\uff05\u3001<span class=\"rmarker-s\">\u5b9f\u8cea\u91d1\u5229\uff1a\uff0d0.3\uff05<\/span><\/li>\n<li>\u51863\u30f6\u6708\u91d1\u5229\uff1a0.0\uff05\u3001CPI\u5bfe\u524d\u5e74\u6bd4\uff1a\uff0d0.4\uff05\u3001<span class=\"rmarker-s\">\u5b9f\u8cea\u91d1\u5229\uff1a0.4\uff05<\/span><\/li>\n<\/ul>\n<p>1\u30c9\u30eb\uff1d124\u5186\u304b\u3089103\u5186\u306b\u5186\u9ad8\u304c\u9032\u307f\u307e\u3057\u305f\u304c\u3001\u3053\u3053\u3067\u3082\u76f8\u5bfe\u7684\u306b\u5b9f\u8cea\u91d1\u5229\u306e\u9ad8\u304f\u306a\u3063\u305f\u5186\u306b\u30b7\u30d5\u30c8\u3057\u305f\u3068\u8aac\u660e\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u77ed\u671f\uff5e\u4e2d\u671f\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u63a8\u79fb\u306f\u5b9f\u8cea\u91d1\u5229\u5dee\u304c\u6975\u3081\u3066\u91cd\u8981\u3067\u3059\u3002<\/p>\n<p>\u8db3\u5143\u306e\u5b9f\u8cea\u91d1\u5229\u5dee\u3092\u78ba\u8a8d\u3059\u308b\u306b\u306f\u65e5\u7c73\u306e\u540d\u76ee\u91d1\u5229\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u30cd\u30c3\u30c8\u306a\u3069\u3067\u8abf\u3079\u3066\u8a08\u7b97\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u4e0b\u8a18\u306e\u3088\u3046\u306a\u8868\u3092\u4f5c\u6210\u3059\u308b\u3068\u5206\u304b\u308a\u3084\u3059\u3044\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24265\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/3f8b354c14709491277b9cda233b3d09.png\" alt=\"\u5b9f\u8cea\u91d1\u5229\u5dee\u306e\u8a08\u7b97\u65b9\u6cd5\" width=\"511\" height=\"139\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/3f8b354c14709491277b9cda233b3d09.png 511w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/3f8b354c14709491277b9cda233b3d09-300x82.png 300w\" sizes=\"auto, (max-width: 511px) 100vw, 511px\" \/><\/p>\n<p>\u4e0a\u8a18\u306e2012\u5e741\u670831\u65e5\u304b\u30892015\u5e745\u670829\u65e5\u306e\u3088\u3046\u306b\u5b9f\u8cea\u91d1\u5229\u5dee\u304c\u5927\u304d\u304f\u5909\u5316\u3059\u308b\u5834\u5408\u306f\u70ba\u66ff\u30ec\u30fc\u30c8\u3082\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u6b21\u306b\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u9577\u671f\u5206\u6790\u306b\u6709\u52b9\u306a\u300c\u8cfc\u8cb7\u529b\u5e73\u4fa1\u300d\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<h2>\u300c\u8cfc\u8cb7\u529b\u5e73\u4fa1\u300d\u3067\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u5206\u6790\u3010\u9577\u671f\u306e\u5206\u6790\u3011<\/h2>\n<p>\u300c<span class=\"ymarker-s\">\u8cfc\u8cb7\u529b\u5e73\u4fa1\u300d\u306e\u8003\u3048\u65b9\u306f\u300c1\u72691\u4fa1\u306e\u6cd5\u5247\u300d\u3067\u3059\u3002<\/span><\/p>\n<p>\u540c\u3058\u3082\u306e\u306f\u3069\u3053\u306e\u56fd\u3067\u8cb7\u3063\u3066\u3082\u540c\u3058\u4fa1\u683c\u3067\u3042\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u3067\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u540c\u3058\u4fa1\u683c\u306b\u306a\u308b\u3088\u3046\u306b\u70ba\u66ff\u30ec\u30fc\u30c8\u304c\u5909\u52d5\u3057\u8abf\u6574\u3055\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/span><\/p>\n<p>\u4f8b\u3048\u3070<\/p>\n<p>\u30c1\u30e7\u30b3\u30ec\u30fc\u30c8\u304c1\u500b\u3001\u7c73\u56fd\u30671\u30c9\u30eb\u3001\u65e5\u672c\u3067200\u5186\u3001\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u304c1\u30c9\u30eb\uff1d100\u5186\u3068\u3057\u307e\u3059\u3002<\/p>\n<p>1\u5e74\u5f8c\u3001\u7c73\u56fd\u306f5\uff05\u306e\u30a4\u30f3\u30d5\u30ec\u3001\u65e5\u672c\u306e\u30a4\u30f3\u30d5\u30ec\u306f0\uff05\u3068\u3057\u307e\u3059\u3002<\/p>\n<p>\u7c73\u56fd\u3067\u30c1\u30e7\u30b3\u306f1.05\u30c9\u30eb\u3001\u65e5\u672c\u306f200\u5186\u3067\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3053\u306e\u6642\u30011\u72691\u4fa1\u306b\u306a\u308b\u70ba\u306b\u306f100\u00f71.05\uff081\u5e74\u524d\u306e\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u00f7\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u5dee\uff09\uff1d95.23\u5186\/\u30c9\u30eb\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u8a00\u3044\u63db\u3048\u308b\u3068\u3001<span class=\"ymarker-s\">\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u9ad8\u3044\u901a\u8ca8\u306f\u5b89\u304f\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><span class=\"ymarker-s\">\u30c9\u30eb\u5186\u306e\u6b74\u53f2\u3067\u306f\u3001\u591a\u304f\u306e\u671f\u9593\u3067\u7c73\u56fd\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u65e5\u672c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u8cfc\u8cb7\u529b\u5e73\u4fa1\u306f\u9577\u671f\u7684\u306b\u5186\u9ad8\u65b9\u5411\u306b\u30b7\u30d5\u30c8\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u4e0b\u8a18\u306b\u56fd\u969b\u901a\u8ca8\u7814\u7a76\u6240\u304c\u4f5c\u6210\u3057\u3066\u3044\u308b\u8cfc\u8cb7\u529b\u5e73\u4fa1\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21904\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/currency_ppp202312.png\" alt=\"\u30c9\u30eb\u5186\u8cfc\u8cb7\u529b\u5e73\u4fa1\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\" width=\"658\" height=\"329\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/currency_ppp202312.png 658w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/currency_ppp202312-300x150.png 300w\" sizes=\"auto, (max-width: 658px) 100vw, 658px\" \/><\/p>\n<ul>\n<li>\u6700\u65b0\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u3053\u3061\u3089\u306e\u30b5\u30a4\u30c8\u3067\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\uff1a<a href=\"https:\/\/www.iima.or.jp\/research\/ppp.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u56fd\u969b\u901a\u8ca8\u7814\u7a76\u6240<\/a><\/li>\n<\/ul>\n<p>\u6d88\u8cbb\u8005\u7269\u4fa1\u3001\u4f01\u696d\u7269\u4fa1\u3001\u8f38\u51fa\u7269\u4fa1\u306e\u3069\u308c\u3092\u4f7f\u3046\u304b\u3067\u6570\u5024\u306f\u5909\u308f\u308a\u307e\u3059\u304c\u3001\u3069\u308c\u3082\u5186\u9ad8\u65b9\u5411\u306b\u30b7\u30d5\u30c8\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3061\u306a\u307f\u306b2013\u5e74\u304b\u3089\u65e5\u9280\u304c2\uff05\u306e\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u3092\u8a2d\u5b9a\u3057\u305f\u306e\u306f\u5186\uff08JPY\uff09\u306e\u5186\u9ad8\u30c8\u30ec\u30f3\u30c9\u3092\u9632\u6b62\u3059\u308b\u3053\u3068\u3082\u76ee\u7684\u306e\uff11\u3064\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u65e5\u9280\u306e2\uff05\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u3068\u5186\u9ad8\u30c8\u30ec\u30f3\u30c9\u306e\u9632\u6b62\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\u3057\u3066\u304f\u3060\u3055\u3044\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=1244\" target=\"_blank\" rel=\"noopener noreferrer\">\u65e5\u9280\u306f\u306a\u305c2\uff05\u306e\u30a4\u30f3\u30d5\u30ec\u3092\u76ee\u6a19\u3068\u3059\u308b\u306e\u304b\uff1f\u7406\u7531\u306f\u5186\u9ad8\u30c8\u30ec\u30f3\u30c9\u662f\u6b63\u3068\u8ca1\u653f\u518d\u5efa<\/a><\/li>\n<\/ul>\n<p>\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u9577\u671f\u7684\u306a\u30c8\u30ec\u30f3\u30c9\u3092\u78ba\u8a8d\u3059\u308b\u969b\u306f\u8cfc\u8cb7\u529b\u5e73\u4fa1\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n<h2>\u70ba\u66ff\u30ec\u30fc\u30c8\u5206\u6790\u306e\u307e\u3068\u3081<\/h2>\n<p>\u4eca\u56de\u306f\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u5206\u6790\u3059\u308b\u6307\u6a19\u3068\u3057\u3066\u2460\u5b9f\u8cea\u91d1\u5229\u5dee\u3001\u2461\u8cfc\u8cb7\u529b\u5e73\u4fa1\u3092\u7d39\u4ecb\u3057\u307e\u3057\u305f\u3002<\/p>\n<ul>\n<li>\u2460\u5b9f\u8cea\u91d1\u5229\u5dee\u306f\u77ed\u671f\uff5e\u4e2d\u671f\u306e\u5206\u6790<\/li>\n<li>\u2461\u8cfc\u8cb7\u529b\u5e73\u4fa1\u306f\u9577\u671f\u306e\u5206\u6790<\/li>\n<\/ul>\n<p>\u3082\u3061\u308d\u3093\u3053\u308c\u4ee5\u5916\u306b\u3082\u69d8\u3005\u306a\u6307\u6a19\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3053\u306e2\u3064\u306f\u904e\u53bb\u306e\u5b9f\u7e3e\u3092\u691c\u8a3c\u3057\u3066\u3082\u975e\u5e38\u306b\u6709\u52b9\u306a\u624b\u6cd5\u3067\u3042\u308b\u305f\u3081\u7d39\u4ecb\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u65b0\u8208\u56fd\u901a\u8ca8\u306e\u5834\u5408\u306f\u5b9f\u8cea\u91d1\u5229\u5dee\u30fb\u8cfc\u8cb7\u529b\u5e73\u4fa1\u4ee5\u5916\u306b\u3082\u70ba\u66ff\u30ec\u30fc\u30c8\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u8981\u56e0\u304c\u591a\u3044\u305f\u3081\u3001\u53c2\u8003\u7a0b\u5ea6\u306b\u898b\u3066\u3044\u305f\u3060\u3044\u305f\u65b9\u304c\u826f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<h2>\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u95a2\u9023\u30da\u30fc\u30b8<\/h2>\n<p>\u70ba\u66ff\u53d6\u5f15\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\u3057\u3066\u304f\u3060\u3055\u3044\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=1620\" target=\"_blank\" rel=\"noopener noreferrer\">F\uff38\u30ec\u30d0\u30ec\u30c3\u30b81\u500d\uff08\u30ec\u30d0\u30ec\u30c3\u30b8\u306a\u3057\uff09\u306f\u6700\u9ad8\u306e\u5916\u8ca8\u904b\u7528\u624b\u6bb5<\/a><\/li>\n<\/ul>\n<p>\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\u3068\u5909\u52d5\u8981\u56e0\u306e\u89e3\u8aac\u306f\u3053\u3061\u3089\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=3008\" target=\"_blank\" rel=\"noopener noreferrer\">\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u9577\u671f\u63a8\u79fb1971\uff5e\uff08\u30c1\u30e3\u30fc\u30c8\u30fb\u5909\u52d5\u8981\u56e0\uff09<\/a><\/li>\n<\/ul>\n<p>\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u306e\u5206\u6790\u306b\u306f\u65e5\u7c73\u4e2d\u592e\u9280\u884c\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u6b8b\u9ad8\u3082\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=2253\" 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