{"id":38759,"date":"2026-02-20T11:31:43","date_gmt":"2026-02-20T11:31:43","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%8d%b4%ec%8a%a4%ec%bc%80-%ec%95%a0%eb%84%90%eb%a6%ac%ec%8a%a4%ed%8a%b8%eb%93%a4%ec%9d%80-pmi%ec%99%80-%ec%9e%ac%ec%a0%95%ec%a0%95%ec%b1%85%ec%97%90-%eb%94%b0%eb%a5%b8-%ea%b2%ac%ec%a1%b0%ed%95%9c\/"},"modified":"2026-02-20T11:31:43","modified_gmt":"2026-02-20T11:31:43","slug":"%eb%8d%b4%ec%8a%a4%ec%bc%80-%ec%95%a0%eb%84%90%eb%a6%ac%ec%8a%a4%ed%8a%b8%eb%93%a4%ec%9d%80-pmi%ec%99%80-%ec%9e%ac%ec%a0%95%ec%a0%95%ec%b1%85%ec%97%90-%eb%94%b0%eb%a5%b8-%ea%b2%ac%ec%a1%b0%ed%95%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%8d%b4%ec%8a%a4%ec%bc%80-%ec%95%a0%eb%84%90%eb%a6%ac%ec%8a%a4%ed%8a%b8%eb%93%a4%ec%9d%80-pmi%ec%99%80-%ec%9e%ac%ec%a0%95%ec%a0%95%ec%b1%85%ec%97%90-%eb%94%b0%eb%a5%b8-%ea%b2%ac%ec%a1%b0%ed%95%9c\/","title":{"rendered":"\ub374\uc2a4\ucf00 \uc560\ub110\ub9ac\uc2a4\ud2b8\ub4e4\uc740 PMI\uc640 \uc7ac\uc815\uc815\ucc45\uc5d0 \ub530\ub978 \uacac\uc870\ud55c \uc218\uc694\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc77c\ubcf8\uc758 \uc778\ud50c\ub808\uc774\uc158 \ub454\ud654\ub85c \uc77c\ubcf8\uc740\ud589(BoJ)\uc758 \uae08\ub9ac \uc778\uc0c1\uc774 \uc9c0\uc5f0\ub420 \uc218 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4."},"content":{"rendered":"\uc77c\ubcf8\uc758 1\uc6d4 CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)\ub294 \uc804\ub144 \ub300\ube44 1.5%\ub85c, 12\uc6d4\uc758 2.1%\uc5d0\uc11c \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4. \uadfc\uc6d0 CPI(\ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \ube80 \ubb3c\uac00)\ub294 \uc804\ub144 \ub300\ube44 2.0%\ub85c, 2.4%\uc5d0\uc11c \ub0b4\ub824\uac00\uba70 2\ub144 \ub9cc\uc5d0 \uac00\uc7a5 \ub0ae\uc740 \uc218\uc900\uc744 \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4.\n\n\uc804\uccb4 \ubb3c\uac00(\ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158)\uc758 \ud558\ub77d\uc740 \uacf5\uacf5\uc694\uae08 \ubcf4\uc870\uae08\uacfc \uae30\uc800\ud6a8\uacfc(\uc791\ub144\uc758 \ub192\uc740 \ubb3c\uac00 \uc0c1\uc2b9\uc774 \ube44\uad50 \uae30\uc900\uc774 \ub418\uba74\uc11c \uc62c\ud574 \uc0c1\uc2b9\ub960\uc774 \ub0ae\uc544 \ubcf4\uc774\ub294 \ud604\uc0c1)\uc640 \uad00\ub828\uc774 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \uadfc\uc6d0 \ubb3c\uac00\ub3c4 \ud55c \ub2ec \uc0ac\uc774\uc5d0 \ub0ae\uc544\uc84c\uc2b5\ub2c8\ub2e4.\n\n

BoJ Policy Implications<\/h3>\n\uadfc\uc6d0 \ubb3c\uac00 \ud558\ub77d\uc740 \uc77c\ubcf8\uc740\ud589(BoJ, \uc77c\ubcf8\uc758 \uc911\uc559\uc740\ud589)\uc774 \uae08\ub9ac(\uae30\uc900\uae08\ub9ac)\ub97c \uc5bc\ub9c8\ub098 \ube68\ub9ac \uc62c\ub9b4\uc9c0\uc5d0 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc218\uc694 \uc9c0\ud45c(\uacbd\uae30\uc5d0\uc11c \uc18c\ube44\u00b7\ud22c\uc790 \ub4f1 \u2018\uc0ac\ub824\ub294 \ud798\u2019\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 \uc5ec\uc804\ud788 \uacac\uc870\ud588\uace0, 2\uc6d4 \uc18d\ubcf4 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218: \uae30\uc5c5\uc758 \uacbd\uae30 \uccb4\uac10 \uc124\ubb38\uc744 \uc9c0\uc218\ub85c \ub9cc\ub4e0 \uac83)\ub3c4 \uac15\uc138\ub97c \ubcf4\uc600\uc73c\uba70, \uc7ac\uc815\uc815\ucc45(\uc815\ubd80\uc758 \uc9c0\ucd9c\u00b7\uc138\uae08 \uc815\ucc45)\ub3c4 \ub354 \ub4b7\ubc1b\uce68\ud558\ub294 \ubc29\ud5a5\uc73c\ub85c \uac00\uace0 \uc788\uc2b5\ub2c8\ub2e4.\n\n1\uc6d4\uc758 \ucd5c\uc2e0 \ubb3c\uac00 \ub370\uc774\ud130\ub294 \uc77c\ubcf8\uc740\ud589\uc758 \ub2e4\uc74c \uc6c0\uc9c1\uc784\uc5d0 \ub300\ud55c \uc6b0\ub9ac\uc758 \ud310\ub2e8\uc744 \ub354 \ubcf5\uc7a1\ud558\uac8c \ub9cc\ub4e4\uc5c8\uc2b5\ub2c8\ub2e4. \uc804\uccb4 \ubb3c\uac00\ub294 1.5%\ub85c \ub0b4\ub824\uac14\uace0, \uadfc\uc6d0 \ubb3c\uac00\ub294 2.0%\ub85c \ub5a8\uc5b4\uc838 2\ub144 \ub9cc\uc5d0 \uac00\uc7a5 \ub0ae\uc558\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \ubb3c\uac00 \ub454\ud654\ub294 \uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac\ub97c \uace7\ubc14\ub85c \uc62c\ub9ac\uae30 \uc5b4\ub835\uac8c \ub9cc\ub4ed\ub2c8\ub2e4.\n\n\uc774\ubc88 \ud558\ub77d\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc740 \uc815\ubd80\uc758 \uacf5\uacf5\uc694\uae08 \ubcf4\uc870\uae08\uacfc, 2025\ub144 \ucd08\uc5d0 \uc788\uc5c8\ub358 \uac00\uaca9 \uae09\ub4f1\uc758 \uae30\uc800\ud6a8\uacfc\ub85c \uc5b4\ub290 \uc815\ub3c4 \uc608\uc0c1\ub41c \uc77c\uc774\uc5c8\ub2e4\ub294 \uc810\uc744 \uae30\uc5b5\ud560 \ud544\uc694\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub807\ub354\ub77c\ub3c4 \uadfc\uc6d0 \ubb3c\uac00\uac00 \uc911\uc559\uc740\ud589 \ubaa9\ud45c\uc778 2%\uc5d0 \ub3c4\ub2ec\ud588\ub2e4\ub294 \uc0ac\uc2e4\uc740, \ube44\ub458\uae30\ud30c(\uae08\ub9ac \uc778\uc0c1\uc5d0 \uc2e0\uc911\ud55c \uc131\ud5a5)\uc5d0\uac8c \u201c\uae30\ub2e4\ub9ac\uc790\u201d\ub294 \uadfc\uac70\ub97c \uc904 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 3\uc6d4 \ub610\ub294 4\uc6d4 \ud68c\uc758\uc5d0\uc11c\uc758 \uae08\ub9ac \uc778\uc0c1\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \ud655\uc2e0\uc774 \uc57d\ud574\uc9c0\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4.\n\n\ud558\uc9c0\ub9cc \uacbd\uc81c\uc758 \uc218\uc694 \uce21\uc740 \uc5ec\uc804\ud788 \ud0c4\ud0c4\ud574 \uc77c\ubcf8\uc740\ud589\uc5d0 \uc0c1\ubc18\ub41c \uc2e0\ud638\ub97c \uc90d\ub2c8\ub2e4. 2\uc6d4 Jibun Bank \uc18d\ubcf4 \uc885\ud569 PMI\ub294 52.5\ub85c \uc62c\ub77c \uae30\uc5c5 \ud65c\ub3d9\uc774 \ub354 \ube68\ub77c\uc9c0\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4(\uc77c\ubc18\uc801\uc73c\ub85c 50\uc744 \ub118\uc73c\uba74 \uacbd\uae30 \ud655\uc7a5\uc73c\ub85c \ud574\uc11d). \ub354 \uc911\uc694\ud55c \uac83\uc740 \ucd98\ud22c(Shunto, \uc77c\ubcf8\uc758 \ubd04\ucca0 \uc784\uae08\ud611\uc0c1)\uc5d0\uc11c \uc8fc\uc694 \ub178\uc870\uac00 3\ub144 \uc5f0\uc18d 4% \uc774\uc0c1 \uc784\uae08 \uc778\uc0c1\uc744 \uc694\uad6c\ud558\uace0 \uc788\ub2e4\ub294 \uc810\uc774\uba70, \uc6b0\ub9ac\ub294 \ucd08\uae30 \uacb0\uacfc\ub97c \uba74\ubc00\ud788 \uc9c0\ucf1c\ubcf4\uace0 \uc788\uc2b5\ub2c8\ub2e4.\n\n

Options And FX Positioning<\/h3>\n\uc774\ucc98\ub7fc \uc2dc\uc810\uc774 \ubd88\ud655\uc2e4\ud558\uba74 \uc635\uc158 \uc2dc\uc7a5\uc5d0\uc11c \uae30\ud68c\uac00 \uc0dd\uae38 \uc218 \uc788\uc2b5\ub2c8\ub2e4. USD\/JPY \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c \uac00\uaca9\uc774 \uc5bc\ub9c8\ub098 \ud06c\uac8c \uc6c0\uc9c1\uc77c\uc9c0\u2019\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uae30\ub300)\uc740 \ube44\uad50\uc801 \ub0ae\uc558\uc9c0\ub9cc, \ubb3c\uac00 \ub454\ud654\uc640 \uc784\uae08 \uc555\ub825(\uc784\uae08\uc774 \uc624\ub974\ub824\ub294 \ud798)\uc774\ub77c\ub294 \uae34\uc7a5 \uad00\uacc4\ub294 \ud5a5\ud6c4 \uba87 \uc8fc \uc548\uc5d0 \ud070 \ubcc0\ub3d9\uc744 \ub9cc\ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc6b0\ub9ac\ub294 \uc2a4\ud2b8\ub798\ub4e4(\uac19\uc740 \ub9cc\uae30\u00b7\uac19\uc740 \ud589\uc0ac\uac00\ub85c \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \uc0ac, \ubc29\ud5a5\uacfc \uc0c1\uad00\uc5c6\uc774 \ud070 \uc6c0\uc9c1\uc784\uc5d0 \ubca0\ud305\ud558\ub294 \uad6c\uc870) \uac19\uc740 \ubc29\uc2dd\uc73c\ub85c \ubcc0\ub3d9\uc131\uc744 \uc0ac\ub294 \uac83\uc774 \uc815\ucc45\uc758 \uae5c\uc9dd \ubcc0\ud654(\uc11c\ud504\ub77c\uc774\uc988)\uc5d0 \ub300\ube44\ud558\ub294 \uc2e0\uc911\ud55c \ud3ec\uc9c0\uc158\uc774 \ub420 \uc218 \uc788\ub2e4\uace0 \ubd05\ub2c8\ub2e4.\n\n\ubc29\ud5a5\uc131 \uc804\ub9dd\uc774 \uc788\ub294 \ud22c\uc790\uc790\uc5d0\uac8c USD\/JPY\uc758 \uacbd\ub85c\ub294 \uc27d\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uae08\ub9ac \uc778\uc0c1\uc774 \ub2a6\uc5b4\uc9c0\uba74 \uc774 \ud658\uc728(\ubbf8\uad6d \ub2ec\ub7ec \ub300\ube44 \uc77c\ubcf8 \uc5d4\uc758 \uac00\uaca9)\uc740 \ub354 \uc624\ub97c \uc218 \uc788\uc9c0\ub9cc, 2024\ub144\uacfc 2025\ub144\uc5d0 \uc5d4\ud654\uac00 152 \uc218\uc900\uc744 \ub118\uc5b4 \uc57d\ud574\uc84c\uc744 \ub54c \uc7ac\ubb34\uc131\uc774 \uad6c\ub450\uac1c\uc785(\ub9d0\ub85c \uacbd\uace0\ud574 \uc2dc\uc7a5\uc744 \uc555\ubc15)\uacfc \uc2e4\uc81c \uac1c\uc785(\uc678\ud658\uc2dc\uc7a5\uc5d0 \uc9c1\uc811 \uac70\ub798\ub85c \uac1c\uc785)\uc744 \ud588\ub2e4\ub294 \uc810\uc744 \uae30\uc5b5\ud574\uc57c \ud569\ub2c8\ub2e4. \uc774 \uc218\uc900\uc740 \uc5ec\uc804\ud788 \ud575\uc2ec \ubc29\uc5b4\uc120\uc73c\ub85c \ub0a8\uc544 \ub2e8\uae30 \uc0c1\uc2b9 \ud3ed\uc744 \uc81c\ud55c\ud560 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\uc77c\ubcf8 \uc778\ud50c\ub808 \uae09\ub7ad, BOJ\ub294 \uba48\uce6b\ud560\uae4c? 1\uc6d4 CPI 1.5%, \uadfc\uc6d0 2.0%\ub85c 2\ub144 \ucd5c\uc800. \ubcf4\uc870\uae08\u00b7\uae30\uc800\ud6a8\uacfc \uc601\ud5a5. PMI\u00b7\uc784\uae08\uc740 \uac15\uc138, \uae08\ub9ac\uc778\uc0c1 \uc2dc\uc810 \ubd88\ud655\uc2e4\ud574\uc838 \uc5d4\u00b7\uc635\uc158 \ubcc0\ub3d9\uc131 \uae30\ud68c. – vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-38759","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\/kr-asia\/wp-json\/wp\/v2\/posts\/38759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=38759"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38759\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}