{"id":856048,"date":"2025-09-06T14:49:06","date_gmt":"2025-09-06T06:49:06","guid":{"rendered":"https:\/\/ztylezman.com\/?p=856048"},"modified":"2025-09-06T14:49:06","modified_gmt":"2025-09-06T06:49:06","slug":"bond-market-insights","status":"publish","type":"post","link":"https:\/\/ztylezman.com\/ja\/markets-ja\/bond-market-insights\/","title":{"rendered":"\u4eca\u9031\u306e\u50b5\u5238\u5e02\u5834\uff1a\u4e0a\u6607\u5229\u56de\u308a\u306e\u5f71\u97ff"},"content":{"rendered":"<p>\u4eca\u9031\u3001\u50b5\u5238\u5e02\u5834\u304c\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u307e\u3059\u3002\u4e0a\u6607\u3059\u308b\u5229\u56de\u308a\u306f\u3001\u653f\u5e9c\u306e\u501f\u5165\u30b3\u30b9\u30c8\u306e\u5897\u52a0\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u4e16\u754c\u5404\u56fd\u306b\u304a\u3051\u308b\u50b5\u52d9\u306e\u6301\u7d9a\u53ef\u80fd\u6027\u3078\u306e\u61f8\u5ff5\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u307e\u3059\u3002\u30c9\u30a4\u30c4\u9280\u884c\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u306b\u3088\u308b\u3068\u3001\u3053\u308c\u3092\u300c\u3086\u3063\u304f\u308a\u3068\u9032\u884c\u3059\u308b vicious circle\uff08\u60aa\u5faa\u74b0\uff09\u300d\u3068\u8868\u73fe\u3057\u3066\u304a\u308a\u3001\u653f\u5e9c\u306e\u50b5\u5238\u5229\u56de\u308a\u306e\u4e0a\u6607\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3001\u30a4\u30ae\u30ea\u30b9\u3001\u30d5\u30e9\u30f3\u30b9\u3001\u65e5\u672c\u3068\u3044\u3063\u305f\u4e3b\u8981\u7d4c\u6e08\u56fd\u304c\u8ca1\u653f\u8d64\u5b57\u306e\u524a\u6e1b\u306b\u82e6\u3057\u3080\u4e2d\u3067\u3001\u56fd\u304c\u50b5\u52d9\u3092\u30b5\u30fc\u30d3\u30b9\u3059\u308b\u305f\u3081\u306e\u30b3\u30b9\u30c8\u3092\u5897\u52a0\u3055\u305b\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u80fd\u529b\u3078\u306e\u7591\u554f\u306f\u9577\u671f\u50b5\u306e\u5229\u56de\u308a\u306b\u3055\u3089\u306b\u4e0a\u6607\u5727\u529b\u3092\u304b\u3051\u3001\u6295\u8cc7\u5bb6\u306f\u3088\u308a\u9ad8\u3044\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u8981\u6c42\u3057\u307e\u3059\u3002\u305d\u308c\u304c\u50b5\u52d9\u306e\u30c0\u30a4\u30ca\u30df\u30af\u30b9\u3092\u3055\u3089\u306b\u60aa\u5316\u3055\u305b\u3066\u3044\u307e\u3059\u3002 <\/p>\n<p>\u6728\u66dc\u65e5\u3068\u91d1\u66dc\u65e5\u306b\u306f\u3001\u5229\u56de\u308a\u304c\u5e83\u304f\u7de9\u548c\u3055\u308c\u3001\u9031\u306e\u521d\u3081\u306b\u9054\u6210\u3055\u308c\u305f\u9ad8\u5024\u304b\u3089\u5f8c\u9000\u3057\u307e\u3057\u305f\u3002\u65e5\u672c\u306e30\u5e74\u50b5\u306f\u8a18\u9332\u7684\u306a\u9ad8\u5024\u3001\u30a4\u30ae\u30ea\u30b9\u306e30\u5e74\u50b5\u306f27\u5e74\u3076\u308a\u306e\u9ad8\u5024\u3001\u30a2\u30e1\u30ea\u30ab\u306e30\u5e74\u50b5\u306f7\u6708\u4ee5\u6765\u521d\u3081\u30665%\u3092\u8d85\u3048\u307e\u3057\u305f\u3002\u5229\u56de\u308a\u306f\u50b5\u5238\u4fa1\u683c\u3068\u306f\u9006\u306e\u52d5\u304d\u3092\u3057\u307e\u3059\u3002\u30a2\u30d0\u30fc\u30c7\u30a3\u30fc\u30f3\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u56fa\u5b9a\u53ce\u5165\u8cac\u4efb\u8005\u3067\u3042\u308b\u30b8\u30e7\u30ca\u30b5\u30f3\u30fb\u30e2\u30f3\u30c7\u30a3\u30fc\u30ed\u306f\u300c\u3053\u30532\u9031\u9593\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306f\u3001\u50b5\u5238\u5e02\u5834\u306b\u304a\u3044\u3066\u5c11\u3057\u6163\u308c\u3066\u304d\u305f\u3082\u306e\u300d\u3068\u8ff0\u3079\u3001\u300c\u51b7\u9759\u3055\u304c\u52dd\u5229\u3057\u3001\u5e02\u5834\u306f\u672c\u6765\u306e\u6a5f\u80fd\u3092\u679c\u305f\u3059\u3067\u3057\u3087\u3046\u300d\u3068\u8a9e\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u77ed\u671f\u304a\u3088\u3073\u9577\u671f\u306e\u653f\u5e9c\u306e\u501f\u5165\u30b3\u30b9\u30c8\u306f\u3001\u5229\u4e0a\u3052\u3068\u9ad8\u30a4\u30f3\u30d5\u30ec\u306e\u5f71\u97ff\u3067\u6570\u5e74\u524d\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u9ad8\u3044\u72b6\u614b\u306e\u307e\u307e\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u6ce8\u610f\u3092\u6255\u3046\u3079\u304d\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u304c\u5e83\u304c\u308a\u307e\u3059\u3002\u7279\u306b\u5f71\u97ff\u3092\u53d7\u3051\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u306e\u304c\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u91d1\u5229\u3067\u3059\u3002\u4f4f\u5b85\u30ed\u30fc\u30f3\u306f\u8cb8\u3057\u624b\u3084\u501f\u308a\u624b\u306e\u7279\u6027\u306b\u5f71\u97ff\u3055\u308c\u307e\u3059\u304c\u3001\u4e2d\u592e\u9280\u884c\u306e\u8a2d\u5b9a\u3057\u305f\u91d1\u5229\u3084\u653f\u5e9c\u50b5\u5238\u5229\u56de\u308a\u304c\u4e3b\u306a\u8981\u56e0\u3068\u306a\u308a\u3001\u4e0a\u6607\u3059\u308b\u5834\u5408\u306f\u4f4f\u5b85\u6240\u6709\u8005\u306b\u3068\u3063\u3066\u9ad8\u30b3\u30b9\u30c8\u306b\u306a\u308a\u307e\u3059\u3002\u7279\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u4eba\u6c17\u306e\u3042\u308b30\u5e74\u56fa\u5b9a\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u306b\u3068\u3063\u3066\u300130\u5e74\u56fd\u50b5\u306e\u4e0a\u6607\u306f\u7279\u306b\u61f8\u5ff5\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30e1\u30ea\u30ab\u5927\u7d71\u9818\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u306e\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u3078\u306e\u653b\u6483\u304c30\u5e74\u5229\u56de\u308a\u306b\u5bfe\u3059\u308b\u5727\u529b\u3092\u52a0\u901f\u3055\u305b\u3066\u3044\u308b\u3068W1M\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u30b8\u30a7\u30fc\u30e0\u30ba\u30fb\u30ab\u30fc\u30bf\u30fc\u306f\u8a9e\u308a\u3001\u300c\u3053\u308c\u306f\u5229\u4e0b\u3052\u3092\u6c42\u3081\u3066\u3044\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u306f\u9006\u8aac\u7684\u3067\u3059\u300d\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002\u30c8\u30e9\u30f3\u30d7\u306e\u5f71\u97ff\u529b\u306f\u77ed\u671f\u91d1\u5229\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u9577\u671f\u7684\u306b\u306f\u30db\u30ef\u30a4\u30c8\u30cf\u30a6\u30b9\u306b\u3068\u3063\u3066\u901a\u5e38\u306e\u653f\u7b56\u3067\u306f\u306a\u304f\u3001\u9577\u671f\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u3092\u59a8\u3052\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u30ab\u30fc\u30bf\u30fc\u306f\u7d9a\u3051\u307e\u3057\u305f\u3002 <\/p>\n<p>\u5f93\u6765\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u5238\u5e02\u5834\u306f\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u9ad8\u3044\u307e\u305f\u306f\u30ea\u30b9\u30af\u30aa\u30d5\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u304c\u5f37\u3044\u6642\u671f\u306b\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u5b89\u5168\u30fb\u5b89\u5b9a\u306e\u907f\u96e3\u6240\u3068\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u4eca\u5e74\u306f\u30db\u30ef\u30a4\u30c8\u30cf\u30a6\u30b9\u306e\u653f\u7b56\u3001\u7279\u306b\u95a2\u7a0e\u653f\u7b56\u304c\u5e02\u5834\u306e\u4e0d\u5b89\u306e\u539f\u56e0\u3068\u306a\u308a\u3001\u3053\u306e\u95a2\u4fc2\u306f\u5d29\u308c\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u50b5\u5238\u5e02\u5834\u3068\u682a\u5f0f\u5e02\u5834\u306b\u306f\u6b74\u53f2\u7684\u306b\u9006\u76f8\u95a2\u95a2\u4fc2\u304c\u3042\u308a\u307e\u3059\u3002\u30cf\u30fc\u30b0\u30ea\u30fc\u30d6\u30b9\u30fb\u30e9\u30f3\u30ba\u30c0\u30a6\u30f3\u306e\u30b7\u30cb\u30a2\u6295\u8cc7\u30a2\u30ca\u30ea\u30b9\u30c8\u3001\u30b1\u30a4\u30c8\u30fb\u30de\u30fc\u30b7\u30e3\u30eb\u306f\u300c\u5229\u56de\u308a\u304c\u4e0a\u304c\u308b\u3068\u3001\u901a\u5e38\u5b89\u5168\u306a\u8cc7\u7523\u3067\u3042\u308b\u50b5\u5238\u3084\u73fe\u91d1\u306e\u5229\u56de\u308a\u304c\u4e0a\u6607\u3057\u3001\u8cc7\u672c\u30b3\u30b9\u30c8\u3082\u5897\u52a0\u3059\u308b\u305f\u3081\u3001\u682a\u5f0f\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u5727\u529b\u3092\u53d7\u3051\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u300d\u3068\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002 <\/p>\n<p>\u6700\u8fd1\u3067\u306f\u3001\u56fd\u50b5\u5229\u56de\u308a\u304c\u4f01\u696d\u50b5\u5e02\u5834\u306b\u597d\u5f71\u97ff\u3092\u4e0e\u3048\u3066\u3044\u308b\u3068BNP\u30d1\u30ea\u30d0\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u6226\u7565\u8cac\u4efb\u8005\u3067\u3042\u308b\u30d3\u30af\u30c8\u30eb\u30fb\u30d2\u30e7\u30fc\u30c8\u304c\u6307\u6458\u3057\u307e\u3057\u305f\u3002\u9ad8\u3044\u5229\u56de\u308a\u306f\u4f01\u696d\u50b5\u5e02\u5834\u306b\u3068\u3063\u3066\u591a\u304f\u306e\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u52b9\u679c\u3092\u3082\u305f\u3089\u3057\u3001\u9700\u8981\u3092\u5f15\u304d\u4ed8\u3051\u3001\u4f01\u696d\u304c\u904e\u5ea6\u306b\u501f\u5165\u3092\u884c\u3046\u3053\u3068\u3092\u6291\u5236\u3057\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u5065\u5168\u6027\u3092\u78ba\u4fdd\u3059\u308b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3092\u4e0e\u3048\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30d4\u30fc\u30eb\u30fb\u30cf\u30f3\u30c8\u306e\u30c1\u30fc\u30d5\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u3001\u30ab\u30e9\u30e0\u30fb\u30d4\u30c3\u30ab\u30ea\u30f3\u30b0\u306f\u3001\u9ad8\u3044\u50b5\u5238\u5229\u56de\u308a\u304c\u4f01\u696d\u6d3b\u52d5\u306b\u5bfe\u3057\u3066\u6291\u5236\u7684\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u5f37\u8abf\u3057\u307e\u3057\u305f\u3002\u5f7c\u306f\u300c\u5148\u9032\u56fd\u5168\u4f53\u3067\u8a00\u3048\u308b\u3053\u3068\u3067\u3059\u304c\u3001\u50b5\u5238\u5e02\u5834\u3067\u5371\u6a5f\u304c\u306a\u3044\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u3053\u308c\u3089\u306e\u91d1\u5229\u304c\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3055\u306a\u3044\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u300d\u3068\u8ff0\u3079\u3001\u9ad8\u3044\u5229\u56de\u308a\u306f\u30dd\u30ea\u30b7\u30fc\u9078\u629e\u80a2\u3092\u5236\u7d04\u3057\u3001\u6c11\u9593\u6295\u8cc7\u3092\u63bb\u304d\u6d88\u3057\u3001\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u4e0d\u5b89\u5b9a\u6027\u3092\u5ff5\u982d\u306b\u7f6e\u304f\u3053\u3068\u306b\u306a\u308b\u3001\u3068\u8b66\u6212\u611f\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u306f\u975e\u5e38\u306b\u6df1\u523b\u3067\u3001\u653f\u5e9c\u306e\u7dca\u7e2e\u8ca1\u653f\u304c\u9006\u306b\u523a\u6fc0\u7684\u52b9\u679c\u3092\u6301\u3064\u53ef\u80fd\u6027\u3059\u3089\u3042\u308b\u3068\u5f7c\u306f\u8ff0\u3079\u307e\u3057\u305f\u3002\u5e02\u5834\u306b\u81ea\u4fe1\u3092\u4e0e\u3048\u3001\u50b5\u5238\u5229\u56de\u308a\u3092\u4f4e\u4e0b\u3055\u305b\u3001\u6c11\u9593\u90e8\u9580\u304c\u30db\u30c3\u3068\u4e00\u606f\u3064\u304f\u72b6\u6cc1\u3092\u751f\u3080\u3088\u3046\u306a\u63aa\u7f6e\u304c\u6c42\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4eca\u9031\u3001\u50b5\u5238\u5e02\u5834\u304c\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4e0a\u6607\u3059\u308b\u5229\u56de\u308a\u306f\u653f\u5e9c\u306e\u501f\u5165\u30b3\u30b9\u30c8\u3092\u53cd\u6620\u3057\u3001\u4e3b\u8981\u56fd\u306e\u50b5\u52d9\u6301\u7d9a\u53ef\u80fd\u6027\u306b\u61f8\u5ff5\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u4e0a\u6607\u3092\u6c42\u3081\u308b\u72b6\u6cc1\u3067\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":856051,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5005],"tags":[],"class_list":{"0":"post-856048","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets-ja"},"raw_content":"<!-- wp:paragraph --><p>\u4eca\u9031\u3001\u50b5\u5238\u5e02\u5834\u304c\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u307e\u3059\u3002\u4e0a\u6607\u3059\u308b\u5229\u56de\u308a\u306f\u3001\u653f\u5e9c\u306e\u501f\u5165\u30b3\u30b9\u30c8\u306e\u5897\u52a0\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u4e16\u754c\u5404\u56fd\u306b\u304a\u3051\u308b\u50b5\u52d9\u306e\u6301\u7d9a\u53ef\u80fd\u6027\u3078\u306e\u61f8\u5ff5\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u307e\u3059\u3002\u30c9\u30a4\u30c4\u9280\u884c\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u306b\u3088\u308b\u3068\u3001\u3053\u308c\u3092\u300c\u3086\u3063\u304f\u308a\u3068\u9032\u884c\u3059\u308b vicious circle\uff08\u60aa\u5faa\u74b0\uff09\u300d\u3068\u8868\u73fe\u3057\u3066\u304a\u308a\u3001\u653f\u5e9c\u306e\u50b5\u5238\u5229\u56de\u308a\u306e\u4e0a\u6607\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3001\u30a4\u30ae\u30ea\u30b9\u3001\u30d5\u30e9\u30f3\u30b9\u3001\u65e5\u672c\u3068\u3044\u3063\u305f\u4e3b\u8981\u7d4c\u6e08\u56fd\u304c\u8ca1\u653f\u8d64\u5b57\u306e\u524a\u6e1b\u306b\u82e6\u3057\u3080\u4e2d\u3067\u3001\u56fd\u304c\u50b5\u52d9\u3092\u30b5\u30fc\u30d3\u30b9\u3059\u308b\u305f\u3081\u306e\u30b3\u30b9\u30c8\u3092\u5897\u52a0\u3055\u305b\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u80fd\u529b\u3078\u306e\u7591\u554f\u306f\u9577\u671f\u50b5\u306e\u5229\u56de\u308a\u306b\u3055\u3089\u306b\u4e0a\u6607\u5727\u529b\u3092\u304b\u3051\u3001\u6295\u8cc7\u5bb6\u306f\u3088\u308a\u9ad8\u3044\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u8981\u6c42\u3057\u307e\u3059\u3002\u305d\u308c\u304c\u50b5\u52d9\u306e\u30c0\u30a4\u30ca\u30df\u30af\u30b9\u3092\u3055\u3089\u306b\u60aa\u5316\u3055\u305b\u3066\u3044\u307e\u3059\u3002 <\/p><!-- \/wp:paragraph -->\n<!-- wp:paragraph --><p>\u6728\u66dc\u65e5\u3068\u91d1\u66dc\u65e5\u306b\u306f\u3001\u5229\u56de\u308a\u304c\u5e83\u304f\u7de9\u548c\u3055\u308c\u3001\u9031\u306e\u521d\u3081\u306b\u9054\u6210\u3055\u308c\u305f\u9ad8\u5024\u304b\u3089\u5f8c\u9000\u3057\u307e\u3057\u305f\u3002\u65e5\u672c\u306e30\u5e74\u50b5\u306f\u8a18\u9332\u7684\u306a\u9ad8\u5024\u3001\u30a4\u30ae\u30ea\u30b9\u306e30\u5e74\u50b5\u306f27\u5e74\u3076\u308a\u306e\u9ad8\u5024\u3001\u30a2\u30e1\u30ea\u30ab\u306e30\u5e74\u50b5\u306f7\u6708\u4ee5\u6765\u521d\u3081\u30665%\u3092\u8d85\u3048\u307e\u3057\u305f\u3002\u5229\u56de\u308a\u306f\u50b5\u5238\u4fa1\u683c\u3068\u306f\u9006\u306e\u52d5\u304d\u3092\u3057\u307e\u3059\u3002\u30a2\u30d0\u30fc\u30c7\u30a3\u30fc\u30f3\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u56fa\u5b9a\u53ce\u5165\u8cac\u4efb\u8005\u3067\u3042\u308b\u30b8\u30e7\u30ca\u30b5\u30f3\u30fb\u30e2\u30f3\u30c7\u30a3\u30fc\u30ed\u306f\u300c\u3053\u30532\u9031\u9593\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306f\u3001\u50b5\u5238\u5e02\u5834\u306b\u304a\u3044\u3066\u5c11\u3057\u6163\u308c\u3066\u304d\u305f\u3082\u306e\u300d\u3068\u8ff0\u3079\u3001\u300c\u51b7\u9759\u3055\u304c\u52dd\u5229\u3057\u3001\u5e02\u5834\u306f\u672c\u6765\u306e\u6a5f\u80fd\u3092\u679c\u305f\u3059\u3067\u3057\u3087\u3046\u300d\u3068\u8a9e\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u77ed\u671f\u304a\u3088\u3073\u9577\u671f\u306e\u653f\u5e9c\u306e\u501f\u5165\u30b3\u30b9\u30c8\u306f\u3001\u5229\u4e0a\u3052\u3068\u9ad8\u30a4\u30f3\u30d5\u30ec\u306e\u5f71\u97ff\u3067\u6570\u5e74\u524d\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u9ad8\u3044\u72b6\u614b\u306e\u307e\u307e\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u6ce8\u610f\u3092\u6255\u3046\u3079\u304d\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u304c\u5e83\u304c\u308a\u307e\u3059\u3002\u7279\u306b\u5f71\u97ff\u3092\u53d7\u3051\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u306e\u304c\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u91d1\u5229\u3067\u3059\u3002\u4f4f\u5b85\u30ed\u30fc\u30f3\u306f\u8cb8\u3057\u624b\u3084\u501f\u308a\u624b\u306e\u7279\u6027\u306b\u5f71\u97ff\u3055\u308c\u307e\u3059\u304c\u3001\u4e2d\u592e\u9280\u884c\u306e\u8a2d\u5b9a\u3057\u305f\u91d1\u5229\u3084\u653f\u5e9c\u50b5\u5238\u5229\u56de\u308a\u304c\u4e3b\u306a\u8981\u56e0\u3068\u306a\u308a\u3001\u4e0a\u6607\u3059\u308b\u5834\u5408\u306f\u4f4f\u5b85\u6240\u6709\u8005\u306b\u3068\u3063\u3066\u9ad8\u30b3\u30b9\u30c8\u306b\u306a\u308a\u307e\u3059\u3002\u7279\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u4eba\u6c17\u306e\u3042\u308b30\u5e74\u56fa\u5b9a\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u306b\u3068\u3063\u3066\u300130\u5e74\u56fd\u50b5\u306e\u4e0a\u6607\u306f\u7279\u306b\u61f8\u5ff5\u3055\u308c\u307e\u3059\u3002<\/p><!-- \/wp:paragraph -->\n<!-- wp:paragraph --><p>\u30a2\u30e1\u30ea\u30ab\u5927\u7d71\u9818\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u306e\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u3078\u306e\u653b\u6483\u304c30\u5e74\u5229\u56de\u308a\u306b\u5bfe\u3059\u308b\u5727\u529b\u3092\u52a0\u901f\u3055\u305b\u3066\u3044\u308b\u3068W1M\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u30b8\u30a7\u30fc\u30e0\u30ba\u30fb\u30ab\u30fc\u30bf\u30fc\u306f\u8a9e\u308a\u3001\u300c\u3053\u308c\u306f\u5229\u4e0b\u3052\u3092\u6c42\u3081\u3066\u3044\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u306f\u9006\u8aac\u7684\u3067\u3059\u300d\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002\u30c8\u30e9\u30f3\u30d7\u306e\u5f71\u97ff\u529b\u306f\u77ed\u671f\u91d1\u5229\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u9577\u671f\u7684\u306b\u306f\u30db\u30ef\u30a4\u30c8\u30cf\u30a6\u30b9\u306b\u3068\u3063\u3066\u901a\u5e38\u306e\u653f\u7b56\u3067\u306f\u306a\u304f\u3001\u9577\u671f\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u3092\u59a8\u3052\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u30ab\u30fc\u30bf\u30fc\u306f\u7d9a\u3051\u307e\u3057\u305f\u3002 <\/p><!-- \/wp:paragraph -->\n<!-- wp:paragraph --><p>\u5f93\u6765\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u5238\u5e02\u5834\u306f\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u9ad8\u3044\u307e\u305f\u306f\u30ea\u30b9\u30af\u30aa\u30d5\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u304c\u5f37\u3044\u6642\u671f\u306b\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u5b89\u5168\u30fb\u5b89\u5b9a\u306e\u907f\u96e3\u6240\u3068\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u4eca\u5e74\u306f\u30db\u30ef\u30a4\u30c8\u30cf\u30a6\u30b9\u306e\u653f\u7b56\u3001\u7279\u306b\u95a2\u7a0e\u653f\u7b56\u304c\u5e02\u5834\u306e\u4e0d\u5b89\u306e\u539f\u56e0\u3068\u306a\u308a\u3001\u3053\u306e\u95a2\u4fc2\u306f\u5d29\u308c\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u50b5\u5238\u5e02\u5834\u3068\u682a\u5f0f\u5e02\u5834\u306b\u306f\u6b74\u53f2\u7684\u306b\u9006\u76f8\u95a2\u95a2\u4fc2\u304c\u3042\u308a\u307e\u3059\u3002\u30cf\u30fc\u30b0\u30ea\u30fc\u30d6\u30b9\u30fb\u30e9\u30f3\u30ba\u30c0\u30a6\u30f3\u306e\u30b7\u30cb\u30a2\u6295\u8cc7\u30a2\u30ca\u30ea\u30b9\u30c8\u3001\u30b1\u30a4\u30c8\u30fb\u30de\u30fc\u30b7\u30e3\u30eb\u306f\u300c\u5229\u56de\u308a\u304c\u4e0a\u304c\u308b\u3068\u3001\u901a\u5e38\u5b89\u5168\u306a\u8cc7\u7523\u3067\u3042\u308b\u50b5\u5238\u3084\u73fe\u91d1\u306e\u5229\u56de\u308a\u304c\u4e0a\u6607\u3057\u3001\u8cc7\u672c\u30b3\u30b9\u30c8\u3082\u5897\u52a0\u3059\u308b\u305f\u3081\u3001\u682a\u5f0f\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u5727\u529b\u3092\u53d7\u3051\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u300d\u3068\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002 <\/p><!-- \/wp:paragraph -->\n<!-- wp:paragraph --><p>\u6700\u8fd1\u3067\u306f\u3001\u56fd\u50b5\u5229\u56de\u308a\u304c\u4f01\u696d\u50b5\u5e02\u5834\u306b\u597d\u5f71\u97ff\u3092\u4e0e\u3048\u3066\u3044\u308b\u3068BNP\u30d1\u30ea\u30d0\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u6226\u7565\u8cac\u4efb\u8005\u3067\u3042\u308b\u30d3\u30af\u30c8\u30eb\u30fb\u30d2\u30e7\u30fc\u30c8\u304c\u6307\u6458\u3057\u307e\u3057\u305f\u3002\u9ad8\u3044\u5229\u56de\u308a\u306f\u4f01\u696d\u50b5\u5e02\u5834\u306b\u3068\u3063\u3066\u591a\u304f\u306e\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u52b9\u679c\u3092\u3082\u305f\u3089\u3057\u3001\u9700\u8981\u3092\u5f15\u304d\u4ed8\u3051\u3001\u4f01\u696d\u304c\u904e\u5ea6\u306b\u501f\u5165\u3092\u884c\u3046\u3053\u3068\u3092\u6291\u5236\u3057\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u5065\u5168\u6027\u3092\u78ba\u4fdd\u3059\u308b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3092\u4e0e\u3048\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30d4\u30fc\u30eb\u30fb\u30cf\u30f3\u30c8\u306e\u30c1\u30fc\u30d5\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u3001\u30ab\u30e9\u30e0\u30fb\u30d4\u30c3\u30ab\u30ea\u30f3\u30b0\u306f\u3001\u9ad8\u3044\u50b5\u5238\u5229\u56de\u308a\u304c\u4f01\u696d\u6d3b\u52d5\u306b\u5bfe\u3057\u3066\u6291\u5236\u7684\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u5f37\u8abf\u3057\u307e\u3057\u305f\u3002\u5f7c\u306f\u300c\u5148\u9032\u56fd\u5168\u4f53\u3067\u8a00\u3048\u308b\u3053\u3068\u3067\u3059\u304c\u3001\u50b5\u5238\u5e02\u5834\u3067\u5371\u6a5f\u304c\u306a\u3044\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u3053\u308c\u3089\u306e\u91d1\u5229\u304c\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3055\u306a\u3044\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u300d\u3068\u8ff0\u3079\u3001\u9ad8\u3044\u5229\u56de\u308a\u306f\u30dd\u30ea\u30b7\u30fc\u9078\u629e\u80a2\u3092\u5236\u7d04\u3057\u3001\u6c11\u9593\u6295\u8cc7\u3092\u63bb\u304d\u6d88\u3057\u3001\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u4e0d\u5b89\u5b9a\u6027\u3092\u5ff5\u982d\u306b\u7f6e\u304f\u3053\u3068\u306b\u306a\u308b\u3001\u3068\u8b66\u6212\u611f\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u306f\u975e\u5e38\u306b\u6df1\u523b\u3067\u3001\u653f\u5e9c\u306e\u7dca\u7e2e\u8ca1\u653f\u304c\u9006\u306b\u523a\u6fc0\u7684\u52b9\u679c\u3092\u6301\u3064\u53ef\u80fd\u6027\u3059\u3089\u3042\u308b\u3068\u5f7c\u306f\u8ff0\u3079\u307e\u3057\u305f\u3002\u5e02\u5834\u306b\u81ea\u4fe1\u3092\u4e0e\u3048\u3001\u50b5\u5238\u5229\u56de\u308a\u3092\u4f4e\u4e0b\u3055\u305b\u3001\u6c11\u9593\u90e8\u9580\u304c\u30db\u30c3\u3068\u4e00\u606f\u3064\u304f\u72b6\u6cc1\u3092\u751f\u3080\u3088\u3046\u306a\u63aa\u7f6e\u304c\u6c42\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p><!-- \/wp:paragraph -->\n","_links":{"self":[{"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/posts\/856048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/comments?post=856048"}],"version-history":[{"count":0,"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/posts\/856048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/media\/856051"}],"wp:attachment":[{"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/media?parent=856048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/categories?post=856048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ztylezman.com\/ja\/wp-json\/wp\/v2\/tags?post=856048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}