{"id":47188,"date":"2026-05-18T21:47:32","date_gmt":"2026-05-18T21:47:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47188\/"},"modified":"2026-05-18T21:47:32","modified_gmt":"2026-05-18T21:47:32","slug":"%e6%ac%a7%e5%b7%9e%e3%81%a7%e9%98%b2%e8%a1%9b%e8%b2%bb%e3%81%8c%e6%80%a5%e5%a2%97%e3%80%81%e6%88%90%e9%95%b7%e3%82%92%e6%8a%bc%e3%81%97%e4%b8%8a%e3%81%92%e3%82%8b%e4%b8%80%e6%96%b9%e3%81%a7%e3%82%a4","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/47188\/","title":{"rendered":"\u6b27\u5dde\u3067\u9632\u885b\u8cbb\u304c\u6025\u5897\u3001\u6210\u9577\u3092\u62bc\u3057\u4e0a\u3052\u308b\u4e00\u65b9\u3067\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af\u3082"},"content":{"rendered":"<p>\u6b27\u5dde\u3067\u306f\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u3001\u4e3b\u8981\u56fd\u9593\u306e\u529b\u95a2\u4fc2\u306e\u7af6\u4e89\u3001\u7c73\u56fd\u306e\u5b89\u5168\u4fdd\u969c\u652f\u63f4\u306e\u4e0d\u900f\u660e\u611f\u3092\u80cc\u666f\u306b\u3001\u9577\u5e74\u7d9a\u3044\u305f\u9632\u885b\u8cbb\u524a\u6e1b\u304b\u3089\u8ee2\u3058\u3066\u9632\u885b\u652f\u51fa\u3092\u5897\u3084\u3057\u3066\u3044\u308b\u3002\u9632\u885b\u4e88\u7b97\u306e\u62e1\u5927\u306f\u3001\u653f\u5e9c\u306b\u3088\u308b\u8abf\u9054\u3084\u96c7\u7528\u3092\u901a\u3058\u3066\u9700\u8981\u3092\u62bc\u3057\u4e0a\u3052\u3001\u77ed\u671f\u7684\u306bGDP\u3092\u62bc\u3057\u4e0a\u3052\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<p>\u653f\u5e9c\u304c\u4eba\u54e1\u3092\u63a1\u7528\u3057\u3001\u88c5\u5099\u3092\u8abf\u9054\u3057\u3001\u65bd\u8a2d\u3092\u6574\u5099\u3057\u3001\u30b5\u30a4\u30d0\u30fc\u80fd\u529b\uff08\u30b5\u30a4\u30d0\u30fc\u653b\u6483\u3092\u9632\u304e\u5bfe\u51e6\u3059\u308b\u4f53\u5236\uff09\u306b\u8cc7\u91d1\u3092\u6295\u3058\u308b\u3053\u3068\u3067\u3001\u9632\u885b\u652f\u51fa\u306f\u300c\u8ca1\u653f\u523a\u6fc0\u300d\uff08\u653f\u5e9c\u652f\u51fa\u306b\u3088\u308b\u666f\u6c17\u4e0b\u652f\u3048\uff09\u3068\u3057\u3066\u50cd\u304f\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u88fd\u9020\u696d\u306a\u3069\u306e\u751f\u7523\u6d3b\u52d5\u3084\u52b4\u50cd\u5e02\u5834\u304c\u6d3b\u6027\u5316\u3057\u5f97\u308b\u3002<\/p>\n<h3>Medium Term Risks From Rapid Buildups<\/h3>\n<p>IMF\uff08\u56fd\u969b\u901a\u8ca8\u57fa\u91d1\uff09\u306e\u7814\u7a76\u306f\u3001\u9632\u885b\u8cbb\u304c\u6025\u5897\u3057\u3001\u305d\u308c\u304c\u5927\u304d\u306a\u8ca1\u653f\u8d64\u5b57\uff08\u6b73\u51fa\u304c\u6b73\u5165\u3092\u4e0a\u56de\u308b\u72b6\u614b\uff09\u3067\u8cc4\u308f\u308c\u308b\u5834\u5408\u3001\u4e2d\u671f\u7684\u306a\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308b\u3068\u6307\u6458\u3059\u308b\u3002\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u4e0a\u6607\uff09\u3068\u91d1\u5229\u4e0a\u6607\u306e\u30ea\u30b9\u30af\u3082\u3042\u308b\u3002<\/p>\n<p>IMF\u306b\u3088\u308b\u3068\u3001\u9632\u885b\u529b\u306e\u6025\u62e1\u5927\u306f\u3001\u7279\u306b\u666f\u6c17\u304c\u300c\u307b\u307c\u30d5\u30eb\u7a3c\u50cd\u300d\uff08\u4f9b\u7d66\u4f59\u529b\u304c\u5c0f\u3055\u3044\u72b6\u614b\uff09\u306b\u8fd1\u3044\u5c40\u9762\u3067\u306f\u3001\u4fa1\u683c\u3092\u4e00\u6642\u7684\u306b\u62bc\u3057\u4e0a\u3052\u5f97\u308b\u3002\u5f71\u97ff\u306e\u5927\u304d\u3055\u306f\u3001\u4e57\u6570\u52b9\u679c\uff08\u653f\u5e9c\u652f\u51fa\u304c\u666f\u6c17\u306b\u6ce2\u53ca\u3059\u308b\u5ea6\u5408\u3044\uff09\u3001\u50b5\u52d9\u52d5\u5b66\uff08\u501f\u91d1\u304c\u5897\u6e1b\u3059\u308b\u4ed5\u7d44\u307f\u30fb\u6301\u7d9a\u6027\uff09\u3001\u30a4\u30f3\u30d5\u30ec\u74b0\u5883\uff08\u7269\u4fa1\u306e\u57fa\u8abf\uff09\u306b\u5de6\u53f3\u3055\u308c\u308b\u3002<\/p>\n<p>\u6b27\u5dde\u306e\u4e00\u90e8\u653f\u5e9c\u306f\u3001\u5f3e\u85ac\u3001AI\uff08\u4eba\u5de5\u77e5\u80fd\uff09\u3001\u885b\u661f\u3001\u30b5\u30a4\u30d0\u30fc\u9632\u885b\u3001\u305d\u306e\u4ed6\u306e\u5148\u7aef\u6280\u8853\u306b\u3064\u3044\u3066\u3001\u57df\u5185\u751f\u7523\u306e\u62e1\u5927\u3082\u76ee\u6307\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u7523\u696d\u653f\u7b56\uff08\u653f\u5e9c\u304c\u7523\u696d\u306e\u65b9\u5411\u6027\u3092\u8a98\u5c0e\u3059\u308b\u653f\u7b56\uff09\u3092\u5de6\u53f3\u3057\u3001\u9577\u671f\u306e\u751f\u7523\u6027\uff08\u6295\u5165\u306b\u5bfe\u3059\u308b\u7523\u51fa\u306e\u52b9\u7387\uff09\u3084\u7af6\u4e89\u529b\u306b\u5f71\u97ff\u3057\u5f97\u308b\u3002<\/p>\n<p>\u6b27\u5dde\u306e\u518d\u8ecd\u5099\u306f\u3001\u904e\u53bb\u306e\u5897\u5f37\u5c40\u9762\u3068\u540c\u69d8\u306b\u3001\u5927\u304d\u306a\u8ca1\u653f\u523a\u6fc0\u3068\u3057\u3066\u4f5c\u7528\u3057\u3066\u3044\u308b\u3002\u30c9\u30a4\u30c4\u306f\u4eca\u5e74\u306e\u56fd\u9632\u4e88\u7b97\u304cGDP\u6bd42.5%\u306b\u9054\u3059\u308b\u3068\u78ba\u8a8d\u3057\u305f\u3002\u3053\u3046\u3057\u305f\u52d5\u304d\u306f\u5927\u9678\u5168\u4f53\u306b\u5e83\u304c\u308a\u3001NATO\uff08\u5317\u5927\u897f\u6d0b\u6761\u7d04\u6a5f\u69cb\uff09\u306e\u6b27\u5dde\u52a0\u76df\u56fd\u306f2025\u5e74\u521d\u3081\u4ee5\u964d\u3001\u65b0\u305f\u306b800\u5104\u30c9\u30eb\u8d85\u306e\u652f\u51fa\u3092\u7a4d\u307f\u5897\u3057\u3066\u3044\u308b\u3002\u653f\u5e9c\u4e3b\u5c0e\u306e\u9700\u8981\u304c\u3001\u5de5\u696d\u751f\u7523\u3068\u96c7\u7528\u3092\u62bc\u3057\u4e0a\u3052\u3066\u3044\u308b\u3002<\/p>\n<h3>Market Implications For Rates And Inflation<\/h3>\n<p>\u3053\u306e\u652f\u51fa\u62e1\u5927\u306f\u3001\u76f4\u8fd11\u5e74\u3067\u7c98\u7740\u7684\uff08\u4e0b\u304c\u308a\u306b\u304f\u3044\uff09\u3068\u307f\u3089\u308c\u3066\u304d\u305f\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u3092\u5f37\u3081\u3066\u3044\u308b\u30024\u6708\u306e\u30e6\u30fc\u30ed\u570fCPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306f2.8%\u3068\u306a\u308a\u3001\u5e02\u5834\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u305f\u3002\u5de5\u696d\u5411\u3051\u306e\u6295\u5165\u30b3\u30b9\u30c8\uff08\u539f\u6750\u6599\u30fb\u90e8\u54c1\u30fb\u30a8\u30cd\u30eb\u30ae\u30fc\u306a\u3069\u306e\u8cbb\u7528\uff09\u304c\u62bc\u3057\u4e0a\u3052\u8981\u56e0\u3068\u306a\u308a\u3001ECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u3067\u306f\u8b66\u6212\u611f\u304c\u51fa\u3066\u3044\u308b\u30022020\u5e74\u4ee3\u521d\u982d\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u30b7\u30e7\u30c3\u30af\u5f8c\u306b\u9032\u3093\u3060\u300c\u30c7\u30a3\u30b9\u30a4\u30f3\u30d5\u30ec\u300d\uff08\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4f4e\u4e0b\uff09\u306e\u5c40\u9762\u306f\u7d42\u308f\u3063\u305f\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<p>\u5e02\u5834\u53c2\u52a0\u8005\u306b\u3068\u3063\u3066\u306f\u3001\u300c\u9ad8\u91d1\u5229\u304c\u9577\u304f\u7d9a\u304f\u300d\u30b7\u30ca\u30ea\u30aa\u3092\u610f\u8b58\u3057\u3084\u3059\u3044\u3002\u91d1\u5229\u30ea\u30b9\u30af\u306e\u30d8\u30c3\u30b8\u3068\u3057\u3066\u91d1\u5229\u30b9\u30ef\u30c3\u30d7\uff08\u91d1\u5229\u3092\u56fa\u5b9a\u3068\u5909\u52d5\u3067\u4ea4\u63db\u3059\u308b\u53d6\u5f15\uff09\u3092\u4f7f\u3046\u3001\u307e\u305f\u306f\u30c9\u30a4\u30c4\u56fd\u50b5\u5148\u7269\uff08\u30d6\u30f3\u30c9\uff09\u306e\u3088\u3046\u306a\u9577\u671f\u56fd\u50b5\u5148\u7269\u306b\u30d7\u30c3\u30c8\uff08\u4fa1\u683c\u4e0b\u843d\u3067\u5229\u76ca\u304c\u51fa\u308b\u6a29\u5229\uff09\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u9078\u629e\u80a2\u304c\u3042\u308b\u3002\u5e02\u5834\u306f\u7b2c4\u56db\u534a\u671f\u307e\u3067\u306bECB\u304c\u5229\u4e0a\u3052\u3059\u308b\u78ba\u7387\u309240%\u3068\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u3066\u304a\u308a\u3001\u5e74\u521d\u306e\u898b\u65b9\u304b\u3089\u5927\u304d\u304f\u8ee2\u63db\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u682a\u5f0f\u5e02\u5834\u3067\u306f\u3001\u52dd\u3061\u7d44\u304c\u660e\u78ba\u306b\u306a\u308a\u3064\u3064\u3042\u308a\u3001\u9632\u885b\u95a2\u9023\u3084\u30cf\u30a4\u30c6\u30af\u578b\u306e\u7523\u696d\u30bb\u30af\u30bf\u30fc\u304c\u76ee\u7acb\u3064\u3002STOXX Europe Aerospace &#038; Defence\u6307\u6570\u306f\u5e74\u521d\u6765\u306718%\u4e0a\u6607\u3057\u30012025\u5e74\u3092\u901a\u3058\u3066\u7d9a\u3044\u305f\u5f37\u3044\u4e0a\u6607\u57fa\u8abf\u304c\u7d99\u7d9a\u3057\u3066\u3044\u308b\u3002\u3053\u3046\u3057\u305f\u52e2\u3044\u306f\u3001\u30e9\u30a4\u30f3\u30e1\u30bf\u30eb\u3084BAE\u30b7\u30b9\u30c6\u30e0\u30ba\u306a\u3069\u3067\u30b3\u30fc\u30eb\uff08\u4e0a\u6607\u3067\u5229\u76ca\u304c\u51fa\u308b\u6a29\u5229\uff09\u3092\u8cb7\u3046\u3001\u3042\u308b\u3044\u306f\u30d6\u30eb\u30fb\u30b3\u30fc\u30eb\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u30b3\u30fc\u30eb\u8cb7\u3044\u3068\u30b3\u30fc\u30eb\u58f2\u308a\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u30b3\u30b9\u30c8\u3068\u5229\u76ca\u3092\u6291\u3048\u305f\u5f37\u6c17\u6226\u7565\uff09\u3092\u7d44\u3080\u6226\u7565\u304c\u691c\u8a0e\u5bfe\u8c61\u306b\u306a\u308a\u5f97\u308b\u3002<\/p>\n<p>\u30e6\u30fc\u30ed\u570f\u306e\u7269\u4fa1\u4e0a\u6607\u304c\u7d9a\u304d\u3001\u91d1\u878d\u5f53\u5c40\u304c\u5f15\u304d\u7de0\u3081\u306b\u52d5\u304f\u306a\u3089\u3001\u30e6\u30fc\u30ed\u9ad8\u8981\u56e0\u306b\u3082\u306a\u308a\u5f97\u308b\u3002\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c\u3088\u308a\u4e2d\u7acb\u7684\u306a\u59ff\u52e2\u3092\u793a\u3059\u4e2d\u3001\u5148\u7269\u3084\u30b3\u30fc\u30eb\u3067\u306eEUR\/USD\u30ed\u30f3\u30b0\uff08\u30e6\u30fc\u30ed\u8cb7\u3044\u30fb\u30c9\u30eb\u58f2\u308a\uff09\u306b\u306f\u4e0a\u65b9\u5411\u306e\u4f59\u5730\u304c\u3042\u308b\u3002ECB\u3068\u4e3b\u8981\u56fd\u4e2d\u9280\u306e\u91d1\u5229\u5dee\u898b\u901a\u3057\uff08\u653f\u7b56\u91d1\u5229\u306e\u65b9\u5411\u6027\u306e\u5dee\uff09\u306e\u62e1\u5927\u304c\u8ffd\u3044\u98a8\u3068\u306a\u308b\u3002<\/p>\n<p>\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3055\uff09\u3092\u898b\u308b\u3068\u3001\u5f37\u3044\u666f\u6c17\u898b\u901a\u3057\u3068\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af\u306e\u5206\u5c90\u304c\u4e0d\u78ba\u5b9f\u6027\u3092\u9ad8\u3081\u3066\u3044\u308b\u3002Euro Stoxx 50\u306e\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u30aa\u30d7\u30b7\u30e7\u30f3\u4fa1\u683c\u304b\u3089\u9006\u7b97\u3055\u308c\u308b\u5e02\u5834\u306e\u4e88\u60f3\u5909\u52d5\u7387\uff09\u306f\u3001\u3053\u306e\u666f\u6c17\u5c40\u9762\u3068\u3057\u3066\u306f\u904e\u53bb\u5e73\u5747\u3088\u308a\u9ad8\u3044\u3002VSTOXX\u6307\u6570\uff08\u30e6\u30fc\u30ed\u570f\u682a\u306e\u4e88\u60f3\u5909\u52d5\u7387\u306e\u6307\u6a19\uff09\u306e\u30b3\u30fc\u30eb\u3092\u8cb7\u3046\u3053\u3068\u306f\u3001\u30bf\u30ab\u6d3e\uff08\u5f15\u304d\u7de0\u3081\u5fd7\u5411\uff09\u306e\u653f\u7b56\u30b5\u30d7\u30e9\u30a4\u30ba\u306b\u3088\u308b\u6025\u5909\u52d5\u304b\u3089\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u5b88\u308b\u624b\u6bb5\u306b\u306a\u308a\u5f97\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6b27\u5dde\u518d\u8ecd\u5099\u304c\u300c\u8ca1\u653f\u523a\u6fc0\u300d\u3068\u3057\u3066\u666f\u6c17\u3092\u62bc\u3057\u4e0a\u3052\u308b\u4e00\u65b9\u3001\u8d64\u5b57\u62e1\u5927\u306f\u4e2d\u671f\u7684\u306b\u30a4\u30f3\u30d5\u30ec\u30fb\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af\u3002\u9632\u885b\u30fb\u30cf\u30a4\u30c6\u30af\u682a\u512a\u4f4d\u3001ECB\u30bf\u30ab\u6d3e\u5316\u3067\u30e6\u30fc\u30ed\u9ad8\u30fb\u30dc\u30e9\u4e0a\u632f\u308c\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-47188","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\/47188","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=47188"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/47188\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=47188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=47188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=47188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}