![\"\uff2e\uff39\u30c0\u30a6\u3000\u65e5\u8db3\u30c1\u30e3\u30fc\u30c8\"](\"https:\/\/www.kabutatu.jp\/userold\/wp-content\/uploads\/nikkei\/nikkei_201603_3a.gif\")
<\/p>\n\u524d\u9031\u3001ECB\u30c9\u30e9\u30ae\u7dcf\u88c1\u306f\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u62e1\u5927\u3001\u91d1\u878d\u7de9\u548c\u3092\u767a\u8868\u3002\u5148\u7269\u306f\u591c\u9593\u53d6\u5f15\u3067\u5927\u304d\u304f\u52d5\u304d\u307e\u3057\u305f\u3002\u65e5\u7d4c\u5e73\u5747\u306f\u9031\u30b6\u30e9\u5834-520\u5186\u5b89\u307e\u3067\u4e0b\u3052\u3066\u3044\u305f\u304c\u3001\u30c9\u30e9\u30ae\u7dcf\u88c1\u306e\u767a\u8868\u3092\u53d7\u3051\u3001\u9031\u672b-76\u5186\u5b89\u307e\u3067\u56de\u5fa9\u3057\u3066\u5f15\u3051\u307e\u3057\u305f\u3002\u4eca\u9031\u306fECB\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u52b9\u679c\u304c\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\u89b3\u5bdf\u3059\u308b\u9031\u3067\u3057\u305f\u3002\u70ba\u66ff\u306f\u5186\u5b89\u306b\u52d5\u304b\u305a\u30011\u6708\u672b\u306e\u65e5\u9280\u767a\u8868\u3068\u540c\u3058\u304f\u77ed\u671f\u306e\u4e0a\u3052\u3067\u7d42\u308f\u3063\u3066\u3057\u307e\u3063\u305f\u300217\u65e5FOMC\u306e\u7d50\u679c\u3067\u30c9\u30eb\u58f2\u308a\u5186\u9ad8\u306b\u632f\u308c\u9031\u672b\u58f2\u3089\u308c\u307e\u3057\u305f\u3002\u307e\u305f\u8cb7\u3044\u623b\u3057\u304c\u4e00\u5de1\u305717000\u5186\u53f0\u3067\u4f38\u3073\u60a9\u3093\u3060\u4e8b\u3082\u3001\u4e0a\u3052\u6b62\u307e\u308a\u611f\u3042\u308a\u3067\u58f2\u3089\u308c\u307e\u3057\u305f\u3002<\/p>\n
\u3042\u3068\u6b8b\u3059\u306f\u30013\u6708\u672b\u306b\u5411\u3051\u3001GPIF\u306e\u904b\u7528\u6210\u7e3e\u3092\u826f\u304f\u898b\u305b\u308b\u305f\u3081\u3001\u3044\u3064\u304b\u3089\u304a\u5316\u7ca7\u8cb7\u3044\u304c\u5165\u308b\u304b\u3067\u3059\u3002\u307e\u305f17000\u5186\u53f0\u306b\u4e57\u305b\u30663\u6708\u3092\u5f15\u3051\u308b\u4e8b\u306f\u3067\u304d\u308b\u304b\u3002\u3053\u306e\u3042\u305f\u308a\u304c\u3001\u6700\u5f8c\u306e\u8cb7\u3044\u6750\u6599\u3060\u3068\u898b\u3066\u3044\u307e\u3059\u304c\u3001\u304a\u5316\u7ca7\u8cb7\u3044\u3067\u4e0a\u3052\u305f\u3068\u3053\u308d\u306f\u58f2\u308a\u5834\u3068\u898b\u307e\u3057\u3087\u3046\u30024\u6708\u5165\u308a\u3057\u3066\u304b\u308925\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0b\u56de\u308b\u3068\u58f2\u308a\u8ee2\u63db\u3068\u898b\u307e\u3057\u3087\u3046\u3002<\/p>\n
\u6b8b\u30593\u6708\u76f8\u5834\u306f\u914d\u5f53\u843d\u3061\u5f8c\u304b28\u65e5\u304b\u3089\u30e9\u30b9\u30c8\u30b9\u30d1\u30fc\u30c8\u3001\u304a\u5316\u7ca7\u8cb7\u3044\u3092\u671f\u5f85\u3057\u305f\u3044\u3002\u5c11\u3057\u5186\u5b89\u306b\u623b\u3059\u52d5\u304d\u3082\u52a0\u308f\u308c\u3070\u682a\u4fa1\u3082\u623b\u3059\u3067\u3057\u3087\u3046\u3002\u5186\u5b89\u306b\u623b\u3059\u52d5\u304d\u304c\u5f31\u3051\u308c\u3070\u3001\u682a\u4fa1\u306e\u623b\u3059\u529b\u306f\u5f31\u3044\u3068\u8a00\u3048\u307e\u3059\u300225\u65e5\u79fb\u52d5\u5e73\u5747\u7dda(16400\u5186)\u3092\u30ad\u30fc\u30d7\u3057\u3066\u3044\u308b\u9593\u306f\u58f2\u308a\u3053\u307e\u308c\u308b\u5727\u529b\u3082\u5f31\u3044\u72b6\u614b\u3067\u3059\u3002<\/p>\n
4\u6708\u5165\u308a\u3057\u3066\u300125\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u72b6\u614b\u306f\u623b\u308a\u72b6\u614b\u3092\u30ad\u30fc\u30d7\u3057\u3066\u3044\u308b\u3068\u5224\u65ad\u3067\u304d\u307e\u3059\u300225\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u30ad\u30fc\u30d7\u3057\u3066\u3044\u308b\u306a\u3089\u623b\u308a\u76f8\u5834\u306f\u7d9a\u3044\u3066\u3044\u308b\u3068\u898b\u308b\u4e8b\u306f\u3067\u304d\u307e\u3059\u300225\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0b\u56de\u308a\u3001\u9031\u9593\u3067-500\u5186\u4ee5\u4e0a\u4e0b\u3052\u305f\u3089\u4e0b\u964d\u8ee2\u63db\u3068\u5224\u65ad\u3067\u304d\u307e\u3059\u3002\u4e09\u6bb5\u4e0b\u3052\u306b\u5411\u304b\u3046\u30d1\u30bf\u30fc\u30f3\u3068\u5224\u65ad\u3067\u304d\u305d\u3046\u3067\u3059\u3002<\/p>\n
\u6771\u8a3c1\u90e8\u9298\u67c4\u30676\u30f6\u6708\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u308b\u9298\u67c4\u6570\u306f\u30011\u6708\u672b505\u9298\u67c4(225\u7a2e\uff6558)\u2192(2\/12\uff65SQ)82\u9298\u67c4(225\u7a2e\uff6514)\u3067\u30dc\u30c8\u30e0\u30022\u6708\u672b272\u9298\u67c4(225\u7a2e\uff6525)\u2192\u524d\u9031(3\/3)341\u9298\u67c4(225\u7a2e\uff6536)\u2192\u4eca\u9031(3\/17)477\u9298\u67c4(225\u7a2e\uff6539)\u3068\u5c11\u3057\u5897\u52a0\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u307e\u3060\u4e0a\u56de\u308b\u9298\u67c4\u6570\u306f\u5c11\u306a\u304f\u3001\u5f31\u3044\u72b6\u614b\u3067\u3059\u3002\u304a\u5316\u7ca7\u8cb7\u3044\u3067\u30013\u6708\u672b\u306b\u5411\u3051\u5897\u3048\u308b\u304b\u30023\u6708\u7d42\u308f\u3063\u3066800\u9298\u67c4\u4ee5\u4e0b\u306f\u4e0b\u964d\u76f8\u5834\u7d99\u7d9a\u4e2d\u3067\u3042\u308a\u4e0b\u3052\u306e\u623b\u308a\u3068\u5224\u65ad\u3055\u308c\u307e\u3059\u3002<\/p>\n
\u500b\u5225\u682a\u306e\u4e0a\u6607\u57fa\u8abf\u9298\u67c4\u306f\u3001\u65b0\u8208\u5e02\u5834\u3001\u5c0f\u578b\u6750\u6599\u682a\u3001\u5c0f\u578b\u6210\u9577\u682a\u306a\u3069\u3001\u4e00\u90e8\u306e\u682a\u306f\u4e0a\u6607\u57fa\u8abf\u3092\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u30021\u6708\u4ee5\u964d\u306e\u4e0b\u3052\u76f8\u5834\u306e\u4e2d\u3067\u3082\u4e0a\u6607\u57fa\u8abf\u3092\u7dad\u6301\u3057\u3066\u304d\u305f\u5f37\u3044\u4e0a\u6607\u9298\u67c4\u304c\u591a\u304f\u3042\u308a\u307e\u3059\u3002\u4e0a\u6607\u57fa\u8abf\u306f\u4e0b\u5024\u652f\u6301\u7dda\u3067\u4e0b\u3052\u6b62\u307e\u308a\u3001\u53cd\u767a\u306b\u8ee2\u3058\u305f\u3068\u3053\u308d\u306f\u62bc\u3057\u76ee\u3067\u3059\u3002\u5168\u4f53\u7684\u306b\u306f3\u6708\u672b\u30a4\u30c3\u30d1\u30a4\u306b\u51e6\u5206\u3068\u898b\u3066\u304a\u3044\u305f\u65b9\u304c\u5b89\u5168\u3067\u3059\u3002<\/p>\n
\uff2e\uff39\u30c0\u30a6\u306f\u3001\u65e5\u8db3\u30c1\u30e3\u30fc\u30c8\u3067\u306f75\u65e5\u304b\u3089200\u65e5\u79fb\u52d5\u5e73\u5747\u7dda(17100\u30c9\u30eb)\u3092\u4e0a\u56de\u3063\u3066\u304d\u307e\u3057\u305f\u3002\u6628\u5e7411\u6708\u304b\u308912\u6708\u306e\u9ad8\u5024\u306f200\u65e5\u79fb\u52d5\u5e73\u5747\u3092\u4e0a\u56de\u3063\u305f\u6c34\u6e96\u3068\u540c\u3058\u3068\u3053\u308d\u307e\u3067\u623b\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u4e0b\u964d\u57fa\u8abf\u3067\u306f\u4e0a\u5024\u62b5\u6297\u7dda\u307e\u3067\u623b\u3057\u305f\u52d5\u304d\u3067\u3059\u3002\u3053\u3053\u304b\u3089\u306e\u4e0a\u3052\u4f59\u5730\u306f\u5c0f\u3055\u305d\u3046\u3067\u3059\u3002<\/p>\n
\u77ed\u671f\u7684\u306b\u306f\u300110\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u308b\u72b6\u614b\u3067200\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u77ed\u671f\u3067\u306f10\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0b\u56de\u308a\u3001200\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0b\u56de\u308c\u3070\u9ad8\u5024\u5f62\u6210\u304b\u3089\u4e0b\u3052\u306b\u8ee2\u3058\u305f\u3068\u5224\u65ad\u3067\u304d\u305d\u3046\u3067\u3059\u3002\uff2e\uff39\u30c0\u30a6\u30823\u6708\u3044\u3063\u3071\u3044\u306f200\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u308b\u3067\u3057\u3087\u3046\u304b\u3002\u3053\u306e\u3042\u305f\u308a\u78ba\u8a8d\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n
\u6708\u8db3\u30c1\u30e3\u30fc\u30c8\u3067\u306f\u30013\u6708\u306f6\u30f6\u6708\u79fb\u52d5\u5e73\u5747\u7dda\u307e\u3067\u623b\u3057\u3066\u304d\u307e\u3057\u305f\u30023\u6708\u306f\u826f\u304f\u623b\u3057\u307e\u3057\u305f\u3002\u5f8c\u3069\u306e\u304f\u3089\u3044\u4e0a\u3052\u308b\u304b\u3068\u8a00\u3046\u3068\u3053\u308d\u3067\u3057\u3087\u3046\u30024\u6708\u4ee5\u964d\u30016\u30f6\u6708\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u308c\u306a\u3051\u308c\u3070\u623b\u308a\u58f2\u308a\u306b\u8ee2\u3058\u307e\u3059\u3002\u307e\u305a\u65e5\u8db3\u30c1\u30e3\u30fc\u30c8\u3067\u300110\u65e5\u304b\u3089200\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0b\u56de\u3063\u305f\u3089\u58f2\u308a\u5834\u3068\u898b\u308b\u52d5\u304d\u3067\u3059\u3002\n<\/p>\n
<\/p>\n
\u30c9\u30eb\u5186\u30c1\u30e3\u30fc\u30c8\u306f\u3001200\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u306f\u4e0b\u5411\u304d\u300175\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u306f\u4e0b\u5411\u304d\u300125\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u306f\u4e0b\u5411\u304d\u306e\u5186\u9ad8\u57fa\u8abf\u3067\u3059\u3002\u3053\u3053\u306b\u304d\u306610\u65e5\u304b\u308925\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0b\u56de\u308b\u5186\u9ad8\u306b\u8ee2\u3058\u307e\u3057\u305f\u30023\u6708\u672b\u306b\u5411\u30512\u6708\u306e110\u5186\u306f\u610f\u8b58\u3057\u305d\u3046\u3067\u3059\u3002110\u5186\u3088\u308a\u5186\u9ad8\u306b\u5411\u304b\u3046\u3068\u682a\u4fa1\u306f\u58f2\u3089\u308c\u307e\u3059\u3002<\/p>\n
\u6765\u9031\u304b\u30893\u6708\u672b\u306b\u5411\u3051\u3001\u518d\u5ea610\u65e5\u304b\u308925\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u307e\u3067\u5186\u5b89\u306b\u623b\u305b\u308b\u304b\u300210\u65e5\u304b\u308925\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u308c\u306a\u3051\u308c\u3070\u5186\u9ad8\u306b\u9006\u623b\u308a\u306e\u52d5\u304d\u3067\u3059\u30023\u6708\u672b\u306b\u5411\u3051\u5186\u5b89\u306b\u623b\u305b\u3070\u682a\u9ad8\u300210\u65e5\u304b\u308925\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u308c\u306a\u3051\u308c\u3070\u5186\u9ad8\u30fb\u682a\u5b89\u3068\u306a\u308a\u307e\u3059\u3002\u6765\u9031\u3069\u3061\u3089\u306b\u653e\u308c\u308b\u304b\u30023\u6708\u672b\u306b\u5411\u3051\u89b3\u5bdf\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n
![\"\u30c9\u30eb\u5186\u3000\u65e5\u8db3\u30c1\u30e3\u30fc\u30c8\"](\"https:\/\/www.kabutatu.jp\/userold\/wp-content\/uploads\/nikkei\/nikkei_201603_3b.gif\")
<\/p>\n
\u6708\u8db3\u30c1\u30e3\u30fc\u30c8\u3067\u306f\u30013\u6708\u306f17000\u5186\u53f0\u306b\u4e57\u305b\u305f\u3068\u3053\u308d\u304b\u3089\u4e71\u9ad8\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002\u5186\u9ad8\u3082\u52a0\u308f\u308a\u58f2\u3089\u308c\u3066\u3044\u307e\u3059\u30023\u6708\u672b\u306b\u5411\u3051\u304a\u5316\u7ca7\u8cb7\u3044\u306717000\u5186\u53f0\u306b\u4e57\u305b\u3066\u5f15\u3051\u308b\u3053\u3068\u306f\u3067\u304d\u308b\u304b\u3002\u3053\u3053\u304b\u3089\u6708\u672b\u306b\u5411\u3051\u3001\u4e0a\u5024\u306f\u58f2\u308a\u5834\u63a2\u3057\u3068\u307f\u3066\u3044\u307e\u3059\u30024\u6708\u9670\u7dda\u3067\u59cb\u307e\u308b\u3068\u58f2\u308a\u8ee2\u63db\u3067\u59cb\u307e\u308b\u5f62\u3067\u3059\u3002<\/p>\n
4\u6708\u4ee5\u964d\u30016\u30f6\u6708\u79fb\u52d5\u5e73\u5747\u7dda(18000\u5186)\u3092\u4e0a\u56de\u308c\u306a\u3051\u308c\u3070\u4e0b\u964d\u57fa\u8abf\u306e\u72b6\u614b\u3067\u3059\u30024\u6708\u304c\u9670\u7dda\u3067\u59cb\u307e\u308b\u3088\u3046\u306a\u3089\u518d\u4e0b\u843d\u8ee2\u63db\u306e\u53ef\u80fd\u6027\u306f\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002\u307e\u305a3\u6708\u672b\u306b\u5411\u3051\u304a\u5316\u7ca7\u8cb7\u3044\u306717000\u5186\u53f0\u3067\u4e0a\u5024\u5f62\u6210\u3059\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u304c\u3001\u3069\u3053\u307e\u3067\u623b\u3057\u3066\u5f15\u3051\u308b\u304b\u3002\u89b3\u5bdf\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n
![\"\u65e5\u7d4c\u5e73\u5747\u3000\u6708\u8db3\u30c1\u30e3\u30fc\u30c8\"](\"https:\/\/www.kabutatu.jp\/userold\/wp-content\/uploads\/nikkei\/nikkei_201603_3c.gif\")
<\/p>\n
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