{"id":49337,"date":"2026-06-03T02:54:29","date_gmt":"2026-06-03T02:54:29","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/48106\/"},"modified":"2026-06-03T02:54:29","modified_gmt":"2026-06-03T02:54:29","slug":"dbs%e3%80%81%e5%8e%9f%e6%b2%b9%e3%82%b7%e3%83%a7%e3%83%83%e3%82%af%e3%81%a7%e8%b5%a4%e5%ad%97%e6%8b%a1%e5%a4%a7%e3%83%bb%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e5%9c%a7%e5%8a%9b%e5%bc%b7%e3%81%be","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/49337\/","title":{"rendered":"DBS\u3001\u539f\u6cb9\u30b7\u30e7\u30c3\u30af\u3067\u8d64\u5b57\u62e1\u5927\u30fb\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u5f37\u307e\u308aBSP\u306e\u5bfe\u5fdc\u8feb\u3089\u308c\u308b\u4e2d\u30012026\u5e74\u306e\u30c9\u30eb\uff0f\u30da\u30bd\uff08USD\/PHP\uff09\u898b\u901a\u3057\u3092\u5f15\u304d\u4e0a\u3052"},"content":{"rendered":"

DBS\u30b0\u30eb\u30fc\u30d7\u30fb\u30ea\u30b5\u30fc\u30c1\u306f\u3001\u7c73\u30c9\u30eb\uff0f\u30d5\u30a3\u30ea\u30d4\u30f3\u30da\u30bd\uff08USD\/PHP\uff09\u306e2026\u5e74\u672b\u898b\u901a\u3057\u309257.8\u304b\u308962.7\u3078\u5f15\u304d\u4e0a\u3052\u305f\u3002\u3053\u308c\u306f\u300c\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30a8\u30d4\u30c3\u30af\u30fb\u30d5\u30e5\u30fc\u30ea\u30fc\u300d\u304c\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u5c01\u9396\u3068\u91cd\u306a\u3063\u305f1\u30ab\u6708\u5f8c\u306bUSD\/PHP\u304c\u521d\u3081\u306660\u3092\u4e0a\u629c\u3051\u305f\u3053\u3068\u3092\u53d7\u3051\u305f\u3082\u306e\u3002\u3053\u308c\u306b\u4f34\u3046\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306e\u4e0a\u6607\u3068\u4f9b\u7d66\u6df7\u4e71\u304c\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u5bfe\u5916\u53ce\u652f\u306b\u6ce2\u53ca\u3057\u3066\u304a\u308a\u3001\u8f38\u5165\u3059\u308b\u6e7e\u5cb8\u539f\u6cb9\u3078\u306e\u4f9d\u5b58\u304c\u3001\u8cbf\u6613\u8d64\u5b57\u306e\u904e\u53bb\u6700\u5927\u6c34\u6e96\u3078\u306e\u56de\u5e30\u3068\u7d50\u3073\u4ed8\u3044\u3066\u3044\u308b\u3002<\/p>\n

\u30a4\u30f3\u30d5\u30ec\u3082\u6025\u52a0\u901f\u3057\u3066\u3044\u308b\u30024\u6708\u306eCPI\u306f\u524d\u5e74\u6bd47.2%\u30fb\u524d\u6708\u6bd42.6%\u3068\u30013\u6708\u306e\u524d\u5e74\u6bd44.1%\u30fb\u524d\u6708\u6bd41.4%\u304b\u3089\u5927\u304d\u304f\u4e0a\u632f\u308c\u305f\u3002\u3053\u308c\u3092\u53d7\u3051\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u4e2d\u592e\u9280\u884c\uff08BSP\uff09\u306f2\u670819\u65e5\u306e25bp\u5229\u4e0b\u3052\u3092\u4e8b\u5b9f\u4e0a\u64a4\u56de\u3059\u308b\u5f62\u3067\u30014\u670823\u65e5\u306b25bp\u5229\u4e0a\u3052\u3057\u653f\u7b56\u91d1\u5229\u30924.50%\u3068\u3057\u305f\u3002BSP\u306e5\u6708\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057\u306f7.1\uff5e7.9%\u3067\u3001\u76ee\u6a19\u30ec\u30f3\u30b8\uff082\uff5e4%\uff09\u3092\u306a\u304a\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u3044\u308b\u3002<\/p>\n

Persistent Peso Weakness and Policy Risks<\/h3>\n

\u30da\u30bd\u304c62.7\u307e\u3067\u4e0b\u843d\u3059\u308b\u3068\u306e\u4e88\u60f3\u306b\u4fee\u6b63\u3055\u308c\u305f\u3053\u3068\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u62b5\u6297\u306e\u5c11\u306a\u3044\u65b9\u5411\u306f\u4e00\u6bb5\u306e\u30da\u30bd\u5b89\u3060\u3068\u8003\u3048\u308b\u3002\u4eca\u5f8c\u6570\u9031\u9593\u306fUSD\/PHP\u306e\u30ed\u30f3\u30b0\u69cb\u7bc9\u3092\u691c\u8a0e\u3059\u308b\u3002\u9ad8\u6cb9\u4fa1\u3068\u8cbf\u6613\u8d64\u5b57\u62e1\u5927\u3068\u3044\u3046\u6839\u672c\u7684\u306a\u5727\u529b\u304c\u77ed\u671f\u7684\u306b\u7de9\u548c\u3059\u308b\u53ef\u80fd\u6027\u306f\u4f4e\u3044\u3002<\/p>\n

\u76f4\u8fd15\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f7.8%\u3068\u306a\u308a\u3001\u4e2d\u9280\u4e88\u6e2c\u30ec\u30f3\u30b8\u306e\u4e0a\u9650\u8fd1\u304f\u306b\u7740\u5730\u3057\u305f\u3053\u3068\u3067\u61f8\u5ff5\u3092\u88cf\u4ed8\u3051\u305f\u3002\u3053\u306e\u6301\u7d9a\u7684\u306a\u7269\u4fa1\u5727\u529b\u306f\u516c\u5f0f\u76ee\u6a19\uff082\uff5e4%\uff09\u306e2\u500d\u8d85\u3067\u3042\u308a\u3001BSP\u306b\u8ffd\u52a0\u5229\u4e0a\u3052\u3092\u8feb\u308b\u69cb\u56f3\u3060\u3002\u8ffd\u52a0\u5f15\u304d\u7de0\u3081\u3092\u305f\u3081\u3089\u3048\u3070\u653f\u7b56\u5bfe\u5fdc\u306e\u5931\u6557\u3068\u53d7\u3051\u6b62\u3081\u3089\u308c\u3001\u30da\u30bd\u5b89\u304c\u52a0\u901f\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002<\/p>\n

Volatility, Growth Constraints, and Diminishing Carry Appeal<\/h3>\n

\u30da\u30bd\u5f31\u6c17\u306e\u898b\u65b9\u3092\u8868\u73fe\u3059\u308b\u624b\u6bb5\u3068\u3057\u3066\u306f\u3001\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u6025\u4e0a\u6607\u3057\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u6d3b\u7528\u3092\u9078\u597d\u3059\u308b\u3002\u4f8b\u3048\u3070\u30011\u30ab\u6708\u7269\u306eUSD\/PHP\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306f\u8db3\u5143\u306710%\u3092\u4e0a\u56de\u308a\u30012022\u5e74\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u30b7\u30e7\u30c3\u30af\u4ee5\u6765\u306e\u6c34\u6e96\u306b\u8df3\u306d\u4e0a\u304c\u3063\u305f\u3002\u77ed\u671f\u306eUSD\/PHP\u30b3\u30fc\u30eb\u3092\u8cfc\u5165\u3059\u308c\u3070\u3001\u4e0d\u78ba\u5b9f\u6027\u304c\u9ad8\u3044\u74b0\u5883\u4e0b\u3067\u3082\u6700\u5927\u640d\u5931\u3092\u9650\u5b9a\u3057\u3064\u3064\u4e0a\u65b9\u5411\u306e\u5024\u5e45\u3092\u72d9\u3048\u308b\u3002<\/p>\n

BSP\u306f\u56fd\u5185\u6210\u9577\u306e\u920d\u5316\u306b\u5236\u7d04\u3055\u308c\u3001\u3044\u307e\u3060\u300c\u5f8c\u624b\u300d\u306b\u56de\u308b\u3068\u4e88\u60f3\u3059\u308b\u3002\u76f4\u8fd1\u30c7\u30fc\u30bf\u3067\u306f2026\u5e741\uff5e3\u6708\u671f\u306e\u5b9f\u8ceaGDP\u6210\u9577\u7387\u304c4.1%\u3078\u6e1b\u901f\u3057\u3066\u304a\u308a\u30012022\u5e74\u306e\u3088\u3046\u306a\u6025\u30d4\u30c3\u30c1\u5229\u4e0a\u3052\u30b5\u30a4\u30af\u30eb\u3092\u306a\u305e\u308b\u4f59\u5730\u306f\u9650\u3089\u308c\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u3068\u8106\u5f31\u306a\u666f\u6c17\u4e0b\u652f\u3048\u306e\u677f\u631f\u307f\u306f\u3001\u5bfe\u30c9\u30eb\u3067\u306e\u30da\u30bd\u306e\u76f8\u5bfe\u7684\u306a\u5f31\u3055\u306b\u3064\u306a\u304c\u308a\u3084\u3059\u3044\u3002<\/p>\n

\u76f4\u8fd1\u306e\u5229\u4e0a\u3052\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30ad\u30e3\u30ea\u30fc\u30c8\u30ec\u30fc\u30c9\u5bfe\u8c61\u3068\u3057\u3066\u306e\u30da\u30bd\u306e\u9b45\u529b\u306f\u6025\u901f\u306b\u8584\u308c\u3066\u3044\u308b\u30021\u9031\u9593\u3067\u91d1\u5229\u53ce\u76ca\u306e\u6570\u30ab\u6708\u5206\u3092\u76f8\u6bba\u3057\u5f97\u308b\u901a\u8ca8\u4e0b\u843d\u30ea\u30b9\u30af\u304c\u3001\u4eca\u3084\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u904e\u5927\u3068\u306a\u3063\u3066\u3044\u308b\u305f\u3081\u3060\u3002\u3053\u3046\u3057\u305f\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u5dfb\u304d\u623b\u3057\u304c\u89b3\u6e2c\u3055\u308c\u3066\u304a\u308a\u3001\u73fe\u7269\u5e02\u5834\u3067\u306ePHP\u58f2\u308a\u5727\u529b\u3092\u3055\u3089\u306b\u5f37\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n

\u4eca\u3059\u3050\u53d6\u5f15\u3092\u59cb\u3081\u307e\u3057\u3087\u3046 \u2014 VT Markets\u306e\u30ea\u30a2\u30eb\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b\u306b\u306f\u3053\u3061\u3089<\/a>\u3092\u30af\u30ea\u30c3\u30af\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/b><\/p>","protected":false},"excerpt":{"rendered":"

\u3010\u30da\u30bd\u5b89\u8b66\u6212\u3011DBS\u306fUSD\/PHP\u4e88\u60f3\u30922026\u5e74\u672b62.7\u3078\u4e0a\u65b9\u4fee\u6b63\u3002\u30db\u30eb\u30e0\u30ba\u5c01\u9396\u3067\u6cb9\u4fa1\u9ad8\u30fb\u8cbf\u6613\u8d64\u5b57\u3001CPI\u6025\u9a30\u3067BSP\u8ffd\u52a0\u5229\u4e0a\u3052\u5727\u529b\u3001\u30dc\u30e9\u4e0a\u6607\u3067\u30aa\u30d7\u30b7\u30e7\u30f3\u9078\u597d\u3002<\/p>\n","protected":false},"author":87,"featured_media":47401,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-49337","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/49337","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=49337"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/49337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media\/47401"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=49337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=49337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=49337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}