{"id":45066,"date":"2026-04-18T04:28:34","date_gmt":"2026-04-18T04:28:34","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/45066\/"},"modified":"2026-04-18T04:28:34","modified_gmt":"2026-04-18T04:28:34","slug":"dbs%e3%81%ae%e3%82%a8%e3%82%b3%e3%83%8e%e3%83%9f%e3%82%b9%e3%83%88%ef%bc%9a%e4%b8%ad%e5%9b%bd%e3%80%812026%e5%b9%b41%ef%bd%9e3%e6%9c%88%e6%9c%9f%e3%81%ae%e6%88%90%e9%95%b7%e7%8e%87%e3%81%af5-0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/45066\/","title":{"rendered":"DBS\u306e\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\uff1a\u4e2d\u56fd\u30012026\u5e741\uff5e3\u6708\u671f\u306e\u6210\u9577\u7387\u306f5.0\uff05\u3001\u8f38\u51fa\u30fb\u751f\u7523\u306f\u5805\u8abf\u3082\u9700\u8981\u306f\u5f31\u542b\u307f"},"content":{"rendered":"

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\u8f38\u51fa\u306f\u7b2c1\u56db\u534a\u671f\u306b\u524d\u5e74\u540c\u671f\u6bd414.7%\u5897\u3068\u306a\u3063\u305f\u3002\u4e2d\u6771\u60c5\u52e2\u306b\u4f34\u3046\u6df7\u4e71\u306e\u5f71\u97ff\u30673\u6708\u306f\u4f38\u3073\u304c\u920d\u5316\u3057\u305f\u3082\u306e\u306e\u3001\u5168\u4f53\u3068\u3057\u3066\u306f\u9ad8\u3044\u4f38\u3073\u3092\u7dad\u6301\u3057\u305f\u3002\u5de5\u696d\u751f\u7523\u306f\u7b2c1\u56db\u534a\u671f\u306b\u540c6.1%\u5897\u3002\u904e\u5270\u751f\u7523\u80fd\u529b\uff08\u4f9b\u7d66\u304c\u9700\u8981\u3092\u4e0a\u56de\u308b\u72b6\u614b\uff09\u3092\u6291\u3048\u308b\u653f\u7b56\u304c\u7d9a\u304f\u4e2d\u3067\u3082\u3001\u8f38\u51fa\u5411\u3051\u9700\u8981\u304c\u751f\u7523\u3092\u4e0b\u652f\u3048\u3057\u305f\u3002<\/p>\n

External Demand Leading Growth<\/h3>\n

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PPI\u3068CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff1a\u5bb6\u5ead\u304c\u8cfc\u5165\u3059\u308b\u8ca1\u30fb\u30b5\u30fc\u30d3\u30b9\u306e\u7269\u4fa1\u5909\u52d5\u3092\u793a\u3059\u6307\u6a19\uff09\u306e\u6539\u5584\u306b\u3088\u308a\u3001\u91d1\u878d\u7de9\u548c\u3092\u5f37\u3081\u308b\u5fc5\u8981\u6027\u306f\u4f4e\u4e0b\u3057\u305f\u3002DBS\u306f2026\u5e74\u306e1\u5e74\u7269LPR\uff08\u30ed\u30fc\u30f3\u30d7\u30e9\u30a4\u30e0\u30ec\u30fc\u30c8\uff1a\u9280\u884c\u306e\u512a\u826f\u4f01\u696d\u5411\u3051\u8cb8\u51fa\u91d1\u5229\u306e\u76ee\u5b89\uff09\u306b\u3064\u3044\u3066\u3001\u5f15\u304d\u4e0b\u3052\u4e88\u60f3\u3092\u5f93\u6765\u306e20bp\uff08\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\uff1d0.01%\uff09\u304b\u308910bp\u3078\u3068\u5f15\u304d\u4e0b\u3052\u305f\u3002<\/p>\n

\u7b2c1\u56db\u534a\u671f\u306eGDP\u6210\u9577\u7387\u304c5.0%\u306b\u9054\u3057\u305f\u3053\u3068\u3067\u3001\u6d77\u5916\u9700\u8981\u306f\u5f37\u3044\u4e00\u65b9\u3001\u56fd\u5185\u666f\u6c17\u306f\u5f31\u3044\u3068\u3044\u3046\u69cb\u56f3\u304c\u9bae\u660e\u306b\u306a\u3063\u305f\u3002\u5e02\u5834\u53c2\u52a0\u8005\u306f\u3001\u5185\u9700\u4f9d\u5b58\u306e\u4f01\u696d\u3088\u308a\u6d77\u5916\u58f2\u4e0a\u6bd4\u7387\u306e\u9ad8\u3044\u4f01\u696d\u3092\u512a\u5148\u3057\u3084\u3059\u3044\u3002\u4e2d\u56fd\u5e02\u5834\u5168\u4f53\u3092\u4e00\u62ec\u3067\u5f37\u6c17\u306b\u898b\u308b\u3088\u308a\u3001\u9298\u67c4\u9078\u5225\u304c\u91cd\u8981\u3068\u306a\u308b\u3002<\/p>\n

\u7b2c1\u56db\u534a\u671f\u306b\u8f38\u51fa\u304c14.7%\u5897\u3068\u5e95\u5805\u3044\u3053\u3068\u306f\u3001\u88fd\u9020\u696d\u306e\u5f37\u3055\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u3092\u793a\u3059\u30024\u670812\u65e5\u306b\u4e2d\u56fd\u7a0e\u95a2\u7dcf\u7f72\u304c\u516c\u8868\u3057\u305f\u30c7\u30fc\u30bf\u3067\u306f\u3001\u96fb\u6c17\u81ea\u52d5\u8eca\uff08EV\uff09\u3084\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u95a2\u9023\u90e8\u54c1\u306a\u3069\u3001\u30cf\u30a4\u30c6\u30af\u8f38\u51fa\u306e\u4f38\u3073\u304c\u76ee\u7acb\u3063\u305f\u3002\u8f38\u51fa\u5fd7\u5411\u306e\u30c6\u30c3\u30af\u30fb\u5de5\u696d\u7cfbETF\uff08\u4e0a\u5834\u6295\u8cc7\u4fe1\u8a17\uff09\u306b\u5bfe\u3059\u308b\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u5c06\u6765\u3001\u6c7a\u3081\u3089\u308c\u305f\u4fa1\u683c\u3067\u8cb7\u3046\u6a29\u5229\uff09\u306e\u6d3b\u7528\u306f\u3001\u4eca\u5f8c\u6570\u9031\u9593\u306e\u6226\u7565\u3068\u3057\u3066\u691c\u8a0e\u4f59\u5730\u304c\u3042\u308b\u3002<\/p>\n

Domestic Weakness And Hedging<\/h3>\n

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\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u4e0a\u6607\uff09\u304c\u6301\u3061\u76f4\u3059\u4e2d\u3001\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u5927\u898f\u6a21\u306a\u91d1\u878d\u7de9\u548c\u306e\u53ef\u80fd\u6027\u306f\u5927\u304d\u304f\u4f4e\u4e0b\u3057\u305f\u3002\u5e74\u9593\u306e\u5229\u4e0b\u3052\u4e88\u60f3\u304c10bp\u7a0b\u5ea6\u307e\u3067\u7e2e\u5c0f\u3057\u305f\u3053\u3068\u3067\u3001\u4eba\u6c11\u5143\u306e\u4e0b\u652f\u3048\u8981\u56e0\u306b\u306a\u308a\u5f97\u308b\u30022025\u5e74\u306e\u591a\u304f\u306e\u671f\u9593\u306b\u5e83\u304c\u3063\u3066\u3044\u305f\u901a\u8ca8\u5b89\u89b3\u6e2c\u3068\u306f\u7570\u306a\u308b\u6d41\u308c\u3067\u3042\u308a\u3001\u4eba\u6c11\u5143\u306e\u4e0b\u843d\u3092\u898b\u8fbc\u3093\u3060\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u898b\u76f4\u3057\u304c\u9032\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n

PPI\u306e\u30d7\u30e9\u30b9\u8ee2\u63db\u306f\u3001\u5de5\u696d\u4f01\u696d\u306e\u5229\u76ca\u306b\u3068\u3063\u3066\u91cd\u8981\u3060\u3002\u539f\u6750\u6599\u30b3\u30b9\u30c8\u4e0a\u6607\u304c\u80cc\u666f\u306b\u3042\u308b\u305f\u3081\u3001\u9285\u3084\u9244\u9271\u77f3\u306e\u5148\u7269\uff08\u5c06\u6765\u306e\u58f2\u8cb7\u4fa1\u683c\u3092\u3042\u3089\u304b\u3058\u3081\u6c7a\u3081\u308b\u53d6\u5f15\uff09\u306a\u3069\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\uff08\u5546\u54c1\uff09\u306b\u5f37\u6c17\u306e\u898b\u65b9\u3092\u652f\u3048\u308b\u6750\u6599\u3068\u306a\u308b\u3002\u3053\u308c\u306f\u30012020\u5e74\u4ee3\u521d\u982d\u306b\u898b\u3089\u308c\u305f\u666f\u6c17\u56de\u5fa9\u5c40\u9762\u306e\u521d\u671f\u3068\u4f3c\u305f\u52d5\u304d\u3067\u3082\u3042\u308b\u3002<\/p>\n

\u4e2d\u6771\u306e\u6df7\u4e71\u306a\u3069\u5730\u653f\u5b66\u30ea\u30b9\u30af\u306f\u3001\u7121\u8996\u3067\u304d\u306a\u3044\u4fa1\u683c\u5909\u52d5\u8981\u56e0\u3060\u3002\u4eca\u6708\u3001\u6d77\u4e0a\u8f38\u9001\u306e\u4fdd\u967a\u6599\u306f\u3059\u3067\u306b5%\u4e0a\u6607\u3057\u3066\u304a\u308a\u3001\u7dca\u5f35\u306e\u9ad8\u307e\u308a\u3092\u6620\u3057\u3066\u3044\u308b\u3002\u7279\u306b\u30a8\u30cd\u30eb\u30ae\u30fc\u3084\u7269\u6d41\u95a2\u9023\u3067\u306f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\uff08\u4f9b\u7d66\u7db2\uff09\u306e\u6025\u5909\u306b\u5099\u3048\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u7528\u3044\u305f\u30d8\u30c3\u30b8\u3092\u691c\u8a0e\u3057\u305f\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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