{"id":83006,"date":"2021-06-07T12:00:00","date_gmt":"2021-06-07T03:00:00","guid":{"rendered":"https:\/\/www.invast.jp\/blogs\/?p=83006"},"modified":"2023-04-11T10:35:38","modified_gmt":"2023-04-11T01:35:38","slug":"takao-hirose227","status":"publish","type":"post","link":"https:\/\/www.invast.jp\/blogs\/takao-hirose227\/","title":{"rendered":"5\u6708\u306e\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u306f2\u30f5\u6708\u9023\u7d9a\u3067\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u305f\u3000\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u3092\u5de1\u308b\u5e02\u5834\u3068\u306e\u5bfe\u8a71\u306f\u3001\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u308b"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.invast.jp\/blogs\/takao-hirose227\/#%E2%96%A0%E9%9D%9E%E8%BE%B2%E6%A5%AD%E9%83%A8%E9%96%80%E9%9B%87%E7%94%A8%E8%80%85%E6%95%B0\" >\u25a0\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.invast.jp\/blogs\/takao-hirose227\/#%E2%96%A0%E5%A4%B1%E6%A5%AD%E7%8E%87\" >\u25a0\u5931\u696d\u7387<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.invast.jp\/blogs\/takao-hirose227\/#%E2%96%A0%E5%B9%B3%E5%9D%87%E6%99%82%E7%B5%A6\" >\u25a0\u5e73\u5747\u6642\u7d66<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.invast.jp\/blogs\/takao-hirose227\/#%E2%96%A0%E3%83%86%E3%83%BC%E3%83%91%E3%83%BC%E3%83%AA%E3%83%B3%E3%82%B0%E3%82%92%E5%B7%A1%E3%82%8B%E5%B8%82%E5%A0%B4%E3%81%A8%E3%81%AE%E5%AF%BE%E8%A9%B1%E3%81%AF%E3%82%82%E3%81%86%E5%A7%8B%E3%81%BE%E3%81%A3%E3%81%A6%E3%81%84%E3%82%8B\" >\u25a0\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u3092\u5de1\u308b\u5e02\u5834\u3068\u306e\u5bfe\u8a71\u306f\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u308b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.invast.jp\/blogs\/takao-hirose227\/#%E2%96%A0%E5%88%A5%E3%81%AE%E3%83%97%E3%83%AD%E3%82%B0%E3%83%A9%E3%83%A0%E3%80%81SMCCF%E3%81%AF%E7%AA%81%E7%84%B6%E7%B5%82%E4%BA%86%E3%81%AB\" >\u25a0\u5225\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3001SMCCF\u306f\u7a81\u7136\u7d42\u4e86\u306b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.invast.jp\/blogs\/takao-hirose227\/#%E2%96%A0%E3%83%86%E3%83%BC%E3%83%91%E3%83%BC%E3%83%AA%E3%83%B3%E3%82%B0%E3%81%AE%E3%82%BF%E3%82%A4%E3%83%9F%E3%83%B3%E3%82%B0%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6\" >\u25a0\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%96%A0%E9%9D%9E%E8%BE%B2%E6%A5%AD%E9%83%A8%E9%96%80%E9%9B%87%E7%94%A8%E8%80%85%E6%95%B0\"><\/span>\u25a0\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><br>5\u6708\u306e\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u306f\u4e8b\u524d\u4e88\u60f365.0\u4e07\u4eba\u3092\u4e0b\u56de\u308b55.9\u4e07\u4eba\u3067\u3057\u305f\u3002<\/p>\n\n\n<div class=\"wp-block-image wp-image-5420\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"965\" height=\"632\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853.png\" alt=\"\" class=\"wp-image-85480\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853.png 965w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853-300x196.png 300w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853-768x503.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853-304x199.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/2549fb6befff6506f844fe5d36af4853-400x262.png 400w\" sizes=\"auto, (max-width: 965px) 100vw, 965px\" \/><figcaption class=\"wp-element-caption\">\uff08\u51fa\u5178\uff1a\u52b4\u50cd\u7701\u52b4\u50cd\u7d71\u8a08\u5c40\uff09<\/figcaption><\/figure>\n<\/div>\n\n\n<p>4\u6708\u306e\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u3082\u4e88\u60f3\u306b\u672a\u9054\u3060\u3063\u305f\u3053\u3068\u304b\u30892\u30f5\u6708\u9023\u7d9a\u306e\u30cd\u30ac\u30c6\u30a3\u30d6\u30fb\u30b5\u30d7\u30e9\u30a4\u30ba\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%96%A0%E5%A4%B1%E6%A5%AD%E7%8E%87\"><\/span>\u25a0\u5931\u696d\u7387<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>5\u6708\u306e\u5931\u696d\u7387\u306f\u4e8b\u524d\u4e88\u60f35.9%\u306b\u5bfe\u30575.8%\u3067\u3057\u305f\u3002<\/p>\n\n\n<div class=\"wp-block-image wp-image-5421\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"632\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c.png\" alt=\"\" class=\"wp-image-85481\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c.png 970w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c-300x195.png 300w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c-768x500.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c-304x198.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c-282x184.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/3629fdc972068c1fe92ceb2bfe7d921c-400x262.png 400w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><figcaption class=\"wp-element-caption\">\uff08\u51fa\u5178\uff1a\u52b4\u50cd\u7701\u52b4\u50cd\u7d71\u8a08\u5c40\uff09<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%96%A0%E5%B9%B3%E5%9D%87%E6%99%82%E7%B5%A6\"><\/span>\u25a0\u5e73\u5747\u6642\u7d66<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5e73\u5747\u6642\u7d66\u306f15\uffe0\u306e\u4e0a\u6607\u3067\u3057\u305f\u3002\u3053\u308c\u306f4\u6708\u306e21\uffe0\u306e\u4e0a\u6607\u306b\u7d9a\u3044\u30662\u30f5\u6708\u9023\u7d9a\u306e\u9ad8\u3044\u6570\u5b57\u3067\u3042\u308a\u3001\u8cc3\u91d1\u4e0a\u6607\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u304c\u5b58\u5728\u3059\u308b\u3053\u3068\u3092\u5370\u8c61\u4ed8\u3051\u307e\u3057\u305f\u3002<\/p>\n\n\n<div class=\"wp-block-image wp-image-5422\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"972\" height=\"624\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/fc0e9daf80395b70cabdb5f50fff6b97.png\" alt=\"\" class=\"wp-image-85482\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/fc0e9daf80395b70cabdb5f50fff6b97.png 972w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/fc0e9daf80395b70cabdb5f50fff6b97-300x193.png 300w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/fc0e9daf80395b70cabdb5f50fff6b97-768x493.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/fc0e9daf80395b70cabdb5f50fff6b97-304x195.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/04\/fc0e9daf80395b70cabdb5f50fff6b97-282x181.png 282w\" sizes=\"auto, (max-width: 972px) 100vw, 972px\" \/><figcaption class=\"wp-element-caption\">\uff08\u51fa\u5178\uff1a\u52b4\u50cd\u7701\u52b4\u50cd\u7d71\u8a08\u5c40\uff09<\/figcaption><\/figure>\n<\/div>\n\n\n<p>\u3053\u308c\u3089\u4e00\u9023\u306e\u30c7\u30fc\u30bf\u304c\u793a\u5506\u3059\u308b\u3068\u3053\u308d\u306f\u3001\u6025\u3044\u3067\u5229\u4e0a\u3052\u3057\u306a\u3044\u3068\u3044\u3051\u306a\u3044\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u306f\u548c\u3089\u3044\u3060\u3068\u3044\u3046\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%96%A0%E3%83%86%E3%83%BC%E3%83%91%E3%83%BC%E3%83%AA%E3%83%B3%E3%82%B0%E3%82%92%E5%B7%A1%E3%82%8B%E5%B8%82%E5%A0%B4%E3%81%A8%E3%81%AE%E5%AF%BE%E8%A9%B1%E3%81%AF%E3%82%82%E3%81%86%E5%A7%8B%E3%81%BE%E3%81%A3%E3%81%A6%E3%81%84%E3%82%8B\"><\/span>\u25a0\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u3092\u5de1\u308b\u5e02\u5834\u3068\u306e\u5bfe\u8a71\u306f\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u308b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><br>\u305d\u306e\u4e00\u65b9\u3067\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u3092\u5de1\u308b\u5e02\u5834\u3068\u306e\u5bfe\u8a71\u306f\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u3068\u306f\u50b5\u5238\u8cb7\u3044\u5165\u308c\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u7e2e\u5c0f\u3092\u6307\u3057\u307e\u3059\u3002\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u306f\u6bce\u6708\u7c73\u56fd\u8ca1\u52d9\u7701\u8a3c\u5238\u3092800\u5104\u30c9\u30eb\u3001\u4f4f\u5b85\u62b5\u5f53\u8a3c\u5238\u3092400\u5104\u30c9\u30eb\u3001\u5408\u8a081200\u5104\u30c9\u30eb\u8cb7\u3044\u5165\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u53bb\u5e74\u65b0\u578b\u30b3\u30ed\u30ca\u3067\u7d4c\u6e08\u306e\u52d5\u304d\u304c\u6b62\u307e\u3063\u305f\u969b\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u30af\u30e9\u30f3\u30c1\u304c\u767a\u751f\u3059\u308b\u3053\u3068\u3092\u9632\u3050\u4e00\u9023\u306e\u63aa\u7f6e\u306e\u3072\u3068\u3064\u3068\u3057\u3066FRB\u304c\u59cb\u3081\u305f\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u30ef\u30af\u30c1\u30f3\u306e\u63a5\u7a2e\u304c\u6357\u308b\u306b\u3064\u308c\u7d4c\u6e08\u306f\u30ce\u30fc\u30de\u30eb\u306a\u72b6\u614b\u3078\u3068\u623b\u308a\u3064\u3064\u3042\u308a\u3001\u50b5\u5238\u8cb7\u3044\u5165\u308c\u30d7\u30ed\u30b0\u30e9\u30e0\u306f\u5f79\u76ee\u3092\u7d42\u308f\u3063\u305f\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u30014\u6708\u306e\u9023\u90a6\u516c\u958b\u5e02\u5834\u59d4\u54e1\u4f1a\uff08FOMC\uff09\u3067\u30e1\u30f3\u30d0\u30fc\u306e\u4e00\u90e8\u304c\u305d\u308d\u305d\u308d\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u306b\u3064\u3044\u3066\u691c\u8a0e\u3059\u308b\u3053\u3068\u3092\u8003\u3048\u59cb\u3081\u305f\u65b9\u304c\u3044\u3044\u3068\u30b3\u30e1\u30f3\u30c8\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%96%A0%E5%88%A5%E3%81%AE%E3%83%97%E3%83%AD%E3%82%B0%E3%83%A9%E3%83%A0%E3%80%81SMCCF%E3%81%AF%E7%AA%81%E7%84%B6%E7%B5%82%E4%BA%86%E3%81%AB\"><\/span>\u25a0\u5225\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3001SMCCF\u306f\u7a81\u7136\u7d42\u4e86\u306b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><br>\u50b5\u5238\u8cb7\u3044\u5165\u308c\u30d7\u30ed\u30b0\u30e9\u30e0\u3068\u306f\u5225\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3067\u3001\u540c\u3058\u304f\u53bb\u5e74\u81e8\u6642\u63aa\u7f6e\u3068\u3057\u3066\u7e70\u308a\u51fa\u3055\u308c\u305fSMCCF\uff08\u30bb\u30ab\u30f3\u30c0\u30ea\u30fc\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30d5\u30a1\u30b7\u30ea\u30c6\u30a3\uff09\u306b\u95a2\u3057\u3066\u306f6\u67087\u65e5\u304b\u3089\u624b\u4ed5\u821e\u3044\u3092\u59cb\u3081\u308b\u3053\u3068\u304c\u767a\u8868\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>SMCCF\u306f\u65e2\u306b\u5e02\u5834\u306b\u6d41\u901a\u3057\u3066\u3044\u308b\u793e\u50b5\u3001\u306a\u3089\u3073\u306b\u793e\u50b5\u306b\u6295\u8cc7\u3059\u308bETF\uff08\u4e0a\u5834\u578b\u6295\u4fe1\uff09\u3092FRB\u304c\u76f4\u63a5\u8cb7\u3044\u5165\u308c\u308b\u3053\u3068\u3067FRB\u304c\u4f01\u696d\u306e\u8cc7\u91d1\u306e\u501f\u308a\u6613\u3055\u3092\u4fdd\u8a3c\u3059\u308b\u30d7\u30ed\u30b0\u30e9\u30e0\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3044\u307e\u4f01\u696d\u306f\u554f\u984c\u306a\u304f\u793e\u50b5\u3092\u767a\u884c\u3059\u308b\u3001\u306a\u3044\u3057\u306f\u9280\u884c\u501f\u308a\u5165\u308c\u3092\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067FRB\u304b\u3089\u306e\u652f\u63f4\u306f\u5168\u304f\u5fc5\u8981\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u3053\u3067\u3053\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u7d42\u4e86\u3059\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u58f2\u5374\u306e\u5bfe\u8c61\u306b\u306a\u308b\u306e\u306f\u30ef\u30fc\u30eb\u30d7\u30fc\u30eb\u3001\u30a6\u30a9\u30eb\u30de\u30fc\u30c8\u3001\u30d3\u30b6\u306a\u3069\u306e\u793e\u50b552.1\u5104\u30c9\u30eb\u3001\u52a0\u3048\u3066\u793e\u50b5\u306b\u6295\u8cc7\u3059\u308b\u30d0\u30f3\u30ac\u30fc\u30c9\u77ed\u671f\u793e\u50b5ETF\u306a\u306985.6\u5104\u30c9\u30eb\u76f8\u5f53\u306eETF\u3067\u3059\u3002<\/p>\n\n\n\n<p>SMCCF\u306f\u7c73\u56fd\u8ca1\u52d9\u7701\u8a3c\u5238\u3084\u4f4f\u5b85\u62b5\u5f53\u8a3c\u5238\u3092\u8cb7\u3044\u5165\u308c\u308b\u50b5\u5238\u8cb7\u3044\u5165\u308c\u30d7\u30ed\u30b0\u30e9\u30e0\u3068\u306f\u6027\u683c\u304c\u7570\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u901a\u3058\u3066\u8cb7\u3044\u5165\u308c\u305f\u50b5\u5238\u30fbETF\u306e\u91d1\u984d\u306f\u5927\u304d\u306a\u91d1\u984d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u305f\u304c\u3063\u3066\u5e02\u5834\u3078\u306e\u30a4\u30f3\u30d1\u30af\u30c8\u306f\u9650\u5b9a\u7684\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3092\u65ad\u3063\u305f\u4e0a\u3067\u4eca\u56de\u306e\u300cSMCCF\u3092\u7d42\u4e86\u3059\u308b\uff01\u300d\u3068\u3044\u3046\u767a\u8868\u306f\u5168\u304f\u5510\u7a81\u3067\u3042\u308a\u3001\u5e02\u5834\u53c2\u52a0\u8005\u304c\u4e88\u671f\u3057\u3066\u306a\u3044\u610f\u8868\u3092\u7a81\u3044\u305f\u5ba3\u8a00\u3067\u3057\u305f\u3002\u3053\u308c\u306f\u610f\u56f3\u7684\u306b\u30b5\u30d7\u30e9\u30a4\u30ba\u3092\u6f14\u51fa\u3057\u305f\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u300c\u3088\u305d\u898b\u305b\u305a\u3001\u3057\u3063\u304b\u308aFRB\u306e\u3084\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u898b\u5c4a\u3051\u3088\uff01\u300d\u3068\u3044\u3046\u30e1\u30c3\u30bb\u30fc\u30b8\u3092FRB\u304c\u767a\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%96%A0%E3%83%86%E3%83%BC%E3%83%91%E3%83%BC%E3%83%AA%E3%83%B3%E3%82%B0%E3%81%AE%E3%82%BF%E3%82%A4%E3%83%9F%E3%83%B3%E3%82%B0%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6\"><\/span>\u25a0\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><br>\u3082\u3063\u3068\u8e0f\u307f\u8fbc\u3093\u3060\u8a00\u3044\u65b9\u3092\u3059\u308c\u3070\u4eca\u56de\u306e\u7a81\u7136\u306eSMCCF\u306e\u7d42\u4e86\u5ba3\u8a00\u306f\u3001\u6765\u308b\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u306e\u767a\u8868\u306e\u524d\u306bFRB\u304c\u300c\u4e0b\u3054\u3057\u3089\u3048\u300d\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u4ed6\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u30c6\u30fc\u30d1\u30fc\u30ea\u30f3\u30b0\u306e\u691c\u8a0e\u306f6\u670815\u30fb16\u65e5\u306eFOMC\u304b\u3089\u59cb\u307e\u308a8\u6708\u306e\u30b8\u30e3\u30af\u30bd\u30f3\u30db\u30fc\u30eb\u30fb\u30b7\u30f3\u30dd\u30b8\u30a6\u30e0\u3042\u305f\u308a\u3067\u6b63\u5f0f\u306a\u767a\u8868\u304c\u884c\u308f\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u524d\u5f8c\u3067\u306f\u5e02\u5834\u304c\u8352\u308c\u308b\u30b7\u30ca\u30ea\u30aa\u3082\u60f3\u5b9a\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u25a0\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570 5\u6708\u306e\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u306f\u4e8b\u524d\u4e88\u60f365.0\u4e07\u4eba\u3092\u4e0b\u56de\u308b55.9\u4e07\u4eba\u3067\u3057\u305f\u3002 4\u6708\u306e\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u3082\u4e88\u60f3\u306b\u672a\u9054\u3060\u3063\u305f\u3053\u3068\u304b\u30892\u30f5\u6708\u9023\u7d9a\u306e\u30cd\u30ac\u30c6\u30a3\u30d6\u30fb\u30b5\u30d7\u30e9\u30a4\u30ba\u3068\u306a\u308a\u307e\u3057\u305f\u3002 \u25a0\u5931\u696d\u7387 5\u6708\u306e\u5931\u696d\u7387 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":83008,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[322,317],"tags":[],"class_list":["post-83006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-information","category-us-market"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/83006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/comments?post=83006"}],"version-history":[{"count":2,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/83006\/revisions"}],"predecessor-version":[{"id":85483,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/83006\/revisions\/85483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/media\/83008"}],"wp:attachment":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/media?parent=83006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/categories?post=83006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/tags?post=83006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}