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Supply Chains Under Stress<\/h3>\n<p>\u7d0d\u671f\u306e\u9577\u671f\u5316\u306f\u3001\u30a4\u30e9\u30f3\u60c5\u52e2\u306b\u95a2\u9023\u3057\u305f\u4f9b\u7d66\u7db2\uff08\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\uff09\u306e\u6df7\u4e71\u3092\u793a\u3059\u5146\u5019\u3068\u8aac\u660e\u3055\u308c\u305f\u3002\u4e16\u754c\u306e\u4f9b\u7d66\u5236\u7d04\u6307\u6570\uff08\u4f9b\u7d66\u306e\u8a70\u307e\u308a\u5177\u5408\u3092\u793a\u3059\u6307\u6a19\uff09\u306f\u3001\u300c\u4f9b\u7d66\u5236\u7d04\u304c\u512a\u52e2\uff0f\u9700\u8981\u304c\u4f9b\u7d66\u3092\u4e0a\u56de\u308b\u300d\u9818\u57df\u306b\u623b\u3063\u305f\u3002<\/p>\n<p>\u5831\u544a\u66f8\u306f\u3001\u6295\u5165\u4fa1\u683c\uff08\u539f\u6750\u6599\u30fb\u90e8\u54c1\u30fb\u30a8\u30cd\u30eb\u30ae\u30fc\u306a\u3069\u306e\u4ed5\u5165\u308c\u30b3\u30b9\u30c8\uff09\u3068\u7523\u51fa\u4fa1\u683c\uff08\u51fa\u8377\u30fb\u8ca9\u58f2\u4fa1\u683c\uff09\u306e\u4e0a\u6607\u3001\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u306e\u5f37\u307e\u308a\u3082\u6307\u6458\u3057\u305f\u3002\u30e6\u30fc\u30ed\u570f\u3001\u30aa\u30e9\u30f3\u30c0\u3001\u7c73\u56fd\u3001\u4e2d\u56fd\u306e\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057\u304c\u4e0a\u65b9\u4fee\u6b63\u3055\u308c\u305f\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u3053\u306e\u8a18\u4e8b\u306fAI\uff08\u4eba\u5de5\u77e5\u80fd\uff09\u30c4\u30fc\u30eb\u3067\u4f5c\u6210\u3055\u308c\u3001\u7de8\u96c6\u8005\u304c\u78ba\u8a8d\u3057\u305f\u3002<\/p>\n<h3>Positioning For Volatility<\/h3>\n<p>\u8db3\u5143\u3067\u3082\u5f53\u6642\u306b\u4f3c\u305f\u52d5\u304d\u304c\u898b\u3089\u308c\u3001\u76f8\u5834\u304c\u5927\u304d\u304f\u52d5\u304d\u3084\u3059\u3044\u74b0\u5883\u306b\u306a\u3063\u3066\u3044\u308b\u3002S&#038;P\u30b0\u30ed\u30fc\u30d0\u30eb\u306e\u7c73\u88fd\u9020\u696dPMI\u306f2026\u5e743\u6708\u306b52.5\u3068\u62e1\u5927\uff0850\u8d85\u306f\u666f\u6c17\u62e1\u5927\u3092\u793a\u3059\uff09\u3060\u3063\u305f\u4e00\u65b9\u3001\u300c\u652f\u6255\u4fa1\u683c\u300d\u30b5\u30d6\u6307\u6570\uff08\u4f01\u696d\u304c\u652f\u6255\u3046\u4ed5\u5165\u308c\u4fa1\u683c\u306e\u52d5\u304d\uff09\u306f1\u5e74\u4ee5\u4e0a\u3067\u6700\u5927\u306e\u4e0a\u6607\u3068\u306a\u3063\u305f\u3002\u8868\u9762\u4e0a\u306f\u5805\u8abf\u3067\u3082\u3001\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u304c\u5f37\u307e\u308a\u3064\u3064\u3042\u308b\u3053\u3068\u3092\u793a\u3059\u3002<\/p>\n<p>\u3053\u306e\u6d41\u308c\u306f\u7269\u4fa1\u6307\u6a19\u3067\u3082\u88cf\u4ed8\u3051\u3089\u308c\u308b\u30022026\u5e743\u6708\u306e\u7c73CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306f3.1%\u3068\u4e88\u60f3\u3092\u3084\u3084\u4e0a\u56de\u3063\u305f\u3002\u30a4\u30f3\u30d5\u30ec\u304c\u7c98\u7740\u7684\u306a\u305f\u3081\u3001\u5229\u4e0b\u3052\u89b3\u6e2c\u306f\u697d\u89b3\u306b\u50be\u3044\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u300c\u9ad8\u91d1\u5229\u304c\u9577\u671f\u5316\uff08higher for longer\uff09\u300d\u3068\u306a\u308c\u3070\u3001\u682a\u5f0f\u306a\u3069\u8cc7\u7523\u4fa1\u683c\u306e\u8a55\u4fa1\u306b\u76f4\u63a5\u5f71\u97ff\u3059\u308b\u3002<\/p>\n<p>\u3053\u3046\u3057\u305f\u5c40\u9762\u3067\u306f\u3001\u6025\u5909\u3078\u306e\u5099\u3048\u3092\u691c\u8a0e\u3057\u305f\u3044\u3002VIX\uff08\u6050\u6016\u6307\u6570\uff1d\u682a\u5f0f\u5e02\u5834\u306e\u4e88\u60f3\u5909\u52d5\u7387\u3092\u57fa\u306b\u3057\u305f\u6307\u6570\uff09\u306e\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u5c06\u6765\u3001\u3042\u3089\u304b\u3058\u3081\u6c7a\u3081\u305f\u4fa1\u683c\u3067\u8cb7\u3046\u6a29\u5229\uff09\u3092\u8cb7\u3046\u3001\u4e3b\u8981\u682a\u4fa1\u6307\u6570\u3067\u30b9\u30c8\u30e9\u30c9\u30eb\uff08\u540c\u3058\u4fa1\u683c\u30fb\u671f\u9650\u306e\u30b3\u30fc\u30eb\u3068\u30d7\u30c3\u30c8\u3092\u540c\u6642\u306b\u8cb7\u3044\u3001\u4e0a\u306b\u3082\u4e0b\u306b\u3082\u5099\u3048\u308b\u624b\u6cd5\uff09\u3092\u4f7f\u3046\u3068\u3001\u4e0d\u78ba\u5b9f\u6027\u306e\u4e0a\u6607\u306b\u5bfe\u3059\u308b\u4fdd\u967a\u306b\u306a\u308a\u3084\u3059\u3044\u3002\u5730\u653f\u5b66\u30fb\u666f\u6c17\u306e\u30b5\u30d7\u30e9\u30a4\u30ba\u3067\u306f\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u30aa\u30d7\u30b7\u30e7\u30f3\u4fa1\u683c\u306b\u7e54\u308a\u8fbc\u307e\u308c\u305f\u5c06\u6765\u306e\u5909\u52d5\u4e88\u60f3\uff09\u304c\u4e0a\u304c\u308a\u3084\u3059\u304f\u3001\u3053\u3046\u3057\u305f\u6226\u7565\u304c\u6709\u5229\u306b\u50cd\u304f\u3053\u3068\u304c\u3042\u308b\u3002<\/p>\n<p>\u5546\u54c1\u5e02\u5834\u3067\u306f\u4f9b\u7d66\u5236\u7d04\u306e\u5f71\u97ff\u304c\u898b\u3048\u59cb\u3081\u3066\u304a\u308a\u3001\u30d6\u30ec\u30f3\u30c8\u539f\u6cb9\u306f\u65b0\u305f\u306a\u6d77\u4e0a\u8f38\u9001\u306e\u6df7\u4e71\u3092\u53d7\u3051\u30661\u30d0\u30ec\u30eb92\u30c9\u30eb\u3092\u4e0a\u56de\u3063\u305f\u3002\u539f\u6cb9\u3084\u7523\u696d\u7528\u91d1\u5c5e\u3067\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u7528\u3044\u3001\u4f9b\u7d66\u8981\u56e0\u306b\u3088\u308b\u4e0a\u632f\u308c\u306b\u5099\u3048\u308b\u9078\u629e\u80a2\u304c\u3042\u308b\u3002\u4e0a\u6607\u5c40\u9762\u306b\u53c2\u52a0\u3057\u3064\u3064\u3001\u6700\u5927\u640d\u5931\uff08\u652f\u6255\u3063\u305f\u30aa\u30d7\u30b7\u30e7\u30f3\u6599\uff09\u3092\u9650\u5b9a\u3067\u304d\u308b\u3002<\/p>\n<p>\u5229\u4e0b\u3052\u304c\u9045\u308c\u308b\u898b\u65b9\u306f\u30c9\u30eb\u9ad8\u8981\u56e0\u306b\u3082\u306a\u308a\u5f97\u308b\u3002\u91d1\u878d\u7de9\u548c\u306b\u524d\u5411\u304d\uff08\u30cf\u30c8\u6d3e\uff09\u306a\u4e2d\u592e\u9280\u884c\u306e\u901a\u8ca8\u306b\u5bfe\u3057\u3066\u3001\u30c9\u30eb\u9ad8\u3092\u898b\u8fbc\u3080\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u901a\u8ca8\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u70ba\u66ff\u306e\u6a29\u5229\u53d6\u5f15\uff09\u3067\u69cb\u7bc9\u3067\u304d\u308b\u3002\u3055\u3089\u306b\u3001\u91d1\u5229\u30b9\u30ef\u30c3\u30d7\uff08\u56fa\u5b9a\u91d1\u5229\u3068\u5909\u52d5\u91d1\u5229\u306e\u652f\u6255\u3044\u3092\u4ea4\u63db\u3059\u308b\u53d6\u5f15\uff09\u3092\u4f7f\u3048\u3070\u3001\u91d1\u5229\u304c\u60f3\u5b9a\u307b\u3069\u4f4e\u4e0b\u3057\u306a\u3044\u30ea\u30b9\u30af\u306b\u5bfe\u3057\u3001\u65e2\u5b58\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30d8\u30c3\u30b8\uff08\u640d\u5931\u3092\u6291\u3048\u308b\u624b\u5f53\u3066\uff09\u306b\u5f79\u7acb\u3064\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e16\u754c\u88fd\u9020\u696dPMI\u304c51.8\u219251.3\u306b\u6e1b\u901f\u3002\u4e2d\u6771\u7dca\u8feb\u3067\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u518d\u6df7\u4e71\u3001\u7d0d\u671f\u9577\u671f\u5316\u3068\u30b3\u30b9\u30c8\u9ad8\u304c\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u3002\u5229\u4e0b\u3052\u9045\u5ef6\u30fb\u30dc\u30e9\u4e0a\u6607\u306b\u5099\u3048\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u7b49\u3067\u30d8\u30c3\u30b8\u9700\u8981\u3002<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-44407","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/44407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=44407"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/44407\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?p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