{"id":46884,"date":"2026-05-14T05:10:00","date_gmt":"2026-05-14T05:10:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46884\/"},"modified":"2026-05-14T05:10:00","modified_gmt":"2026-05-14T05:10:00","slug":"%e3%83%9e%e3%83%ac%e3%83%bc%e3%82%b7%e3%82%a2%e3%81%ae%e7%87%83%e6%96%99%e8%a3%9c%e5%8a%a9%e9%87%91%e4%b8%8a%e9%99%90%e3%80%81%e5%8e%9f%e6%b2%b9100%e3%83%89%e3%83%ab%e3%81%8c%e7%84%a6%e7%82%b9","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/46884\/","title":{"rendered":"\u30de\u30ec\u30fc\u30b7\u30a2\u306e\u71c3\u6599\u88dc\u52a9\u91d1\u4e0a\u9650\u3001\u539f\u6cb9100\u30c9\u30eb\u304c\u7126\u70b9\u3000\u30ea\u30f3\u30ae\u30c3\u30c8\u304c\u91cd\u8981\u306a\u30b9\u30c8\u30ec\u30b9\u6307\u6a19\u306b"},"content":{"rendered":"

\u30de\u30ec\u30fc\u30b7\u30a2\u306f\u3001\u4e3b\u306b\u5bb6\u8a08\u304c\u4f7f\u3046\u30ac\u30bd\u30ea\u30f3\u300cRON 95\uff08\u30aa\u30af\u30bf\u30f3\u4fa195\uff09\u300d\u306e\u4fa1\u683c\u3092\u636e\u3048\u7f6e\u3044\u305f\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u5e74\u9593\u3092\u901a\u3058\u30661\u30d0\u30ec\u30eb\uff1d100\u7c73\u30c9\u30eb\u3092\u4e0b\u56de\u308c\u3070\u3001\u88dc\u52a9\u91d1\uff08\u653f\u5e9c\u304c\u4fa1\u683c\u3092\u6291\u3048\u308b\u305f\u3081\u306b\u8ca0\u62c5\u3059\u308b\u652f\u51fa\uff09\u306e\u8ca1\u653f\u30b3\u30b9\u30c8\u306fGDP\u6bd4\u3067\u7d040.2\uff05\u306b\u6291\u3048\u3089\u308c\u308b\u3002<\/p>\n

\u4e2d\u6771\u60c5\u52e2\u3092\u53d7\u3051\u3066\u5897\u3048\u305f\u8ffd\u52a0\u306e\u88dc\u52a9\u91d1\u30b3\u30b9\u30c8\u3082\u3001\u5e73\u5747\u306e\u539f\u6cb9\u4fa1\u683c\u304c100\u7c73\u30c9\u30eb\u3092\u8d85\u3048\u306a\u3051\u308c\u3070\u3001\u3053\u306e\u7bc4\u56f2\u5185\u306b\u3068\u3069\u307e\u308b\u898b\u8fbc\u307f\u3060\u3002\u3055\u3089\u306b\u3001\u7c73\u30c9\u30eb\u306b\u5bfe\u3057\u3066\u901a\u8ca8\u304c\u4e0b\u843d\uff08\u81ea\u56fd\u901a\u8ca8\u5b89\uff09\u3059\u308c\u3070\u3001\u8f38\u5165\u3059\u308b\u71c3\u6599\u306e\u652f\u6255\u3044\u304c\u5897\u3048\u308b\u305f\u3081\u3001\u88dc\u52a9\u91d1\u30b3\u30b9\u30c8\u306f\u62e1\u5927\u3059\u308b\u3002<\/p>\n

Subsidy Cost Assumptions<\/h3>\n

\u88dc\u52a9\u91d1\u30b3\u30b9\u30c8\u306f\u3001\u30de\u30ec\u30fc\u30b7\u30a2\u304cGDP\u6bd40.2\uff05\u3001\u30a4\u30f3\u30c9\u30cd\u30b7\u30a2\u304cGDP\u6bd40.6\uff05\u3068\u898b\u7a4d\u3082\u3089\u308c\u3066\u3044\u308b\u3002\u524d\u63d0\u306f\u3001\u70ba\u66ff\uff08\u901a\u8ca8\u306e\u4ea4\u63db\u30ec\u30fc\u30c8\uff09\u304c\u73fe\u5728\u306e\u6c34\u6e96\u3067\u5b89\u5b9a\u3059\u308b\u3053\u3068\u3060\u3002\u898b\u7a4d\u3082\u308a\u306f\u3001\u539f\u6cb9\u4fa1\u683c\u3068\u70ba\u66ff\u306b\u5de6\u53f3\u3055\u308c\u308b\u3002<\/p>\n

\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044\u56fd\u3068\u3057\u3066\u306f\u3001\u30a4\u30f3\u30c9\u306e\u3088\u3046\u306b\u5229\u6255\u3044\u8ca0\u62c5\uff08\u91d1\u5229\u652f\u6255\u3044\uff09\u304c\u5927\u304d\u3044\u56fd\u304c\u6319\u3052\u3089\u308c\u308b\u3002\u5f71\u97ff\u306e\u5927\u304d\u3055\u306f\u3001\u50b5\u52d9\u306e\u5e73\u5747\u671f\u9593\u304c\u77ed\u3044\u3053\u3068\uff08\u501f\u308a\u63db\u3048\u304c\u65e9\u304f\u5fc5\u8981\u306b\u306a\u308b\uff09\u3001\u30a4\u30f3\u30c9\u30cd\u30b7\u30a2\u3068\u30de\u30ec\u30fc\u30b7\u30a2\u3067\u6d77\u5916\u6295\u8cc7\u5bb6\u306e\u4fdd\u6709\u304c\u591a\u3044\u3053\u3068\u3001\u30a4\u30f3\u30c9\u30cd\u30b7\u30a2\u3067\u5916\u8ca8\u5efa\u3066\u50b5\u52d9\uff08\u7c73\u30c9\u30eb\u306a\u3069\u5916\u56fd\u901a\u8ca8\u3067\u8fd4\u6e08\u3059\u308b\u501f\u91d1\uff09\u306e\u6bd4\u7387\u304c\u9ad8\u3044\u3053\u3068\u3068\u3082\u95a2\u4fc2\u3059\u308b\u3002<\/p>\n

\u30de\u30ec\u30fc\u30b7\u30a2\u3067\u306f\u653f\u5e9c\u50b5\u52d9\u304cGDP\u306e65.3\uff05\u3067\u3001\u3046\u306121.1\uff05\u3092\u975e\u5c45\u4f4f\u8005\uff08\u6d77\u5916\u6295\u8cc7\u5bb6\uff09\u304c\u4fdd\u6709\u3057\u3066\u3044\u308b\u3002\u50b5\u52d9\u306e\u671f\u9593\u304c\u9577\u3044\u3053\u3068\u3068\u3001\u56fd\u5185\u8cc7\u672c\u5e02\u5834\uff08\u56fd\u50b5\u306a\u3069\u3092\u767a\u884c\u30fb\u58f2\u8cb7\u3067\u304d\u308b\u5e02\u5834\uff09\u304c\u767a\u9054\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u3001\u4e16\u754c\u7684\u306a\u91d1\u5229\u4e0a\u6607\uff08\u5229\u56de\u308a\u4e0a\u6607\uff09\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u304f\u3059\u308b\u8981\u56e0\u3068\u3055\u308c\u308b\u3002<\/p>\n

\u30de\u30ec\u30fc\u30b7\u30a2\u306e\u8ca1\u653f\u306f\u6761\u4ef6\u4ed8\u304d\u3067\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3068\u307f\u308b\u3002\u4e3b\u56e0\u306fRON 95\u306e\u71c3\u6599\u88dc\u52a9\u91d1\u3092\u7ba1\u7406\u3057\u3066\u3044\u308b\u70b9\u3060\u3002\u305f\u3060\u3057\u5b89\u5b9a\u306f\u3001\u539f\u6cb9\u304c\u91cd\u8981\u306a\u7bc0\u76ee\u3067\u3042\u308b1\u30d0\u30ec\u30eb\uff1d100\u7c73\u30c9\u30eb\u3092\u4e0b\u56de\u308b\u3053\u3068\u304c\u524d\u63d0\u3068\u306a\u308b\u3002\u4f9b\u7d66\u4e0d\u5b89\u3092\u80cc\u666f\u306b\u30d6\u30ec\u30f3\u30c8\u539f\u6cb9\uff08\u5317\u6d77\u7523\u539f\u6cb9\u306e\u56fd\u969b\u6307\u6a19\u4fa1\u683c\uff09\u304c\u76f4\u8fd1\u306796\u7c73\u30c9\u30eb\u306b\u9054\u3057\u3066\u304a\u308a\u3001\u3053\u306e\u4e0a\u9650\u304c\u8a66\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n

Market Stress Indicators<\/h3>\n

\u8ca1\u653f\u30b9\u30c8\u30ec\u30b9\uff08\u8ca1\u653f\u60aa\u5316\u3078\u306e\u61f8\u5ff5\uff09\u3092\u898b\u6975\u3081\u308b\u4e3b\u306a\u6307\u6a19\u306f\u3001\u30de\u30ec\u30fc\u30b7\u30a2\u30fb\u30ea\u30f3\u30ae\u30c3\u30c8\u3060\u3002\u7c73\u30c9\u30eb\u306b\u5bfe\u3057\u30664.75\u524d\u5f8c\u3067\u5b89\u5b9a\u3057\u3066\u3044\u308b\u304c\u30012025\u5e74\u306e\u8cc7\u6e90\u4fa1\u683c\u306e\u5927\u304d\u306a\u5909\u52d5\u5c40\u9762\u3067\u306e\u654f\u611f\u3055\u3092\u8e0f\u307e\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u539f\u6cb9\u304c\u3055\u3089\u306b\u4e0a\u6607\u3057\u305f\u5834\u5408\u306e\u6025\u306a\u901a\u8ca8\u5909\u52d5\u306b\u5099\u3048\u308b\u624b\u6bb5\u3068\u3057\u3066\u3001\u300c\u30a2\u30a6\u30c8\u30fb\u30aa\u30d6\u30fb\u30b6\u30fb\u30de\u30cd\u30fc\u306eUSD\/MYR\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u73fe\u6642\u70b9\u306e\u76f8\u5834\u3088\u308a\u4e0d\u5229\u306a\u884c\u4f7f\u4fa1\u683c\u3067\u3001\u5c06\u6765\u30c9\u30eb\u9ad8\u30fb\u30ea\u30f3\u30ae\u30c3\u30c8\u5b89\u306b\u306a\u3063\u305f\u3068\u304d\u306b\u5229\u76ca\u304c\u51fa\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u6a29\u5229\uff09\u300d\u3092\u8cb7\u3046\u3053\u3068\u306f\u3001\u6bd4\u8f03\u7684\u4f4e\u30b3\u30b9\u30c8\u306e\u9078\u629e\u80a2\u3068\u306a\u308b\u3002<\/p>\n

\u653f\u5e9c\u50b5\u52d9\u306e\u671f\u9593\u304c\u9577\u3044\u3053\u3068\u306f\u7de9\u885d\u6750\u306b\u306a\u308b\u4e00\u65b9\u3001\u6d77\u5916\u6295\u8cc7\u5bb6\u306e\u4fdd\u6709\u6bd4\u738720.5\uff05\u306f\u5f31\u70b9\u3067\u3042\u308a\u7d9a\u3051\u308b\u3002\u4eca\u5e74\u306f\u6d77\u5916\u4fdd\u6709\u304c\u3084\u3084\u6e1b\u3063\u3066\u304a\u308a\u3001\u4e16\u754c\u7684\u306a\u91d1\u5229\u306e\u52d5\u304d\u3078\u306e\u5f71\u97ff\u304c\u3046\u304b\u304c\u3048\u308b\u3002\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c\u60f3\u5b9a\u4ee5\u4e0a\u306b\u30bf\u30ab\u6d3e\uff08\u5229\u4e0a\u3052\u306b\u524d\u5411\u304d\uff09\u306a\u59ff\u52e2\u3092\u793a\u305b\u3070\u3001\u30de\u30ec\u30fc\u30b7\u30a2\u56fd\u50b5\uff08MGS\uff09\u306e\u5229\u56de\u308a\u304c\u4e0a\u6607\u3057\u3001\u8cc7\u91d1\u6d41\u51fa\u5727\u529b\u306b\u3064\u306a\u304c\u308a\u5f97\u308b\u3002<\/p>\n

\u76f8\u5bfe\u7684\u306b\u307f\u308b\u3068\u3001\u30de\u30ec\u30fc\u30b7\u30a2\u306f\u8fd1\u96a3\u56fd\u3088\u308a\u5f71\u97ff\u304c\u5c0f\u3055\u3044\u3088\u3046\u306b\u898b\u3048\u308b\u3002\u30a4\u30f3\u30c9\u30cd\u30b7\u30a2\u306f\u88dc\u52a9\u91d1\u30b3\u30b9\u30c8\u304c\u5927\u304d\u304f\u3001\u5916\u8ca8\u5efa\u3066\u50b5\u52d9\u306e\u5f71\u97ff\u3082\u5927\u304d\u3044\u3002\u53d6\u5f15\u6226\u7565\u3068\u3057\u3066\u306f\u3001\u300c\u30da\u30a2\u30c8\u30ec\u30fc\u30c9\uff082\u3064\u306e\u901a\u8ca8\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u76f8\u5bfe\u7684\u306a\u5f37\u5f31\u306b\u8ced\u3051\u308b\u53d6\u5f15\uff09\u300d\u3067\u3001\u30ea\u30f3\u30ae\u30c3\u30c8\u3092\u8cb7\u3044\u3001\u30a4\u30f3\u30c9\u30cd\u30b7\u30a2\u30fb\u30eb\u30d4\u30a2\u3092\u58f2\u308b\u3053\u3068\u3067\u3001\u65b0\u8208\u56fd\u5168\u4f53\u306e\u30ea\u30b9\u30af\u3078\u306e\u5099\u3048\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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