![\"\"](\"https:\/\/julius-tokyo.com\/wp-content\/uploads\/2025\/12\/134037908958332265-1024x576.jpg\")
<\/figure>\n\n\n\n\u25a0\u70ba\u66ff\u30ea\u30b9\u30af\u3068\u306f\uff1f<\/h2>\n\n\n\n
\u70ba\u66ff\u30ea\u30b9\u30af\u3068\u306f\u3001\u70ba\u66ff\u76f8\u5834\u306e\u5909\u52d5\u306b\u3088\u308a\u3001\u4fdd\u6709\u3059\u308b\u5916\u8ca8\u5efa\u3066\u8cc7\u7523\u306e\u5186\u8a55\u4fa1\u304c\u5909\u52d5\u3059\u308b\u3053\u3068\u3092\u8a00\u3046\u3002<\/p>\n\n\n\n
\u6d77\u5916\u306e\u682a\u5f0f\u3084\u50b5\u5238\u7b49\u306b\u6295\u8cc7\u3059\u308b\u306b\u306f\u3001\u57fa\u672c\u7684\u306b\u306f\u305d\u306e\u56fd\u306e\u901a\u8ca8\u3067\u6295\u8cc7\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u7c73\u56fd\u682a\u5f0f\u3078\u306e\u6295\u8cc7\u306a\u3089\u7c73\u30c9\u30eb\u3067\u306e\u6295\u8cc7\u3068\u306a\u308b\u3002<\/p>\n\n\n\n
\u3057\u304b\u3057\u3001\u65e5\u672c\u3067\u6295\u8cc7\u3059\u308b\u6295\u8cc7\u5bb6\u306f\u3001\u6295\u8cc7\u3059\u308b\u969b\u3084\u63db\u91d1\u3059\u308b\u969b\u306e\u91d1\u984d\u3092\u65e5\u672c\u5186\u306b\u63db\u7b97\u3059\u308b\u305f\u3081\u3001\u70ba\u66ff\u306e\u5f71\u97ff\u3092\u53d7\u3051\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3060\u3002<\/p>\n\n\n\n
\u3064\u307e\u308a\u3001\u305f\u3068\u3048\u682a\u5f0f\u3084\u50b5\u5238\u306e\u4fa1\u683c\u304c\u5909\u308f\u3089\u306a\u304f\u3066\u3082\u3001\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u5909\u52d5\u306b\u3088\u3063\u3066\u65e5\u672c\u5186\u306b\u63db\u7b97\u3057\u305f\u3068\u304d\u306e\u4fa1\u5024\u304c\u5909\u308f\u308b\u3002<\/p>\n\n\n\n
\u4f8b\u3048\u3070\u30011\u30c9\u30eb\uff1d140\u5186\u306e\u3068\u304d\u306b\u7c73\u56fd\u682a\u3092\u8cfc\u5165\u3057\u3001\u305d\u306e\u5f8c\u5186\u5b89\u30671\u30c9\u30eb\uff1d150\u5186\u306b\u306a\u308c\u3070\u3001\u30c9\u30eb\u8cc7\u7523\u306e\u4fa1\u5024\u304c\u4e0a\u304c\u308b\u306e\u3067\u3001\u5186\u63db\u7b97\u3067\u306e\u4fa1\u5024\u306f\u5897\u3048\u308b\u3002<\/p>\n\n\n\n
\u4e00\u65b9\u3001\u5186\u9ad8\u30671\u30c9\u30eb\uff1d130\u5186\u306b\u306a\u308c\u3070\u3001\u30c9\u30eb\u8cc7\u7523\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u306e\u3067\u3001\u5186\u63db\u7b97\u3067\u306f\u640d\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n
\u3064\u307e\u308a\u3001\u70ba\u66ff\u306e\u52d5\u304d\u306b\u3088\u3063\u3066\u3001\u6295\u8cc7\u306e\u640d\u76ca\u304c\u5de6\u53f3\u3055\u308c\u3066\u3057\u307e\u3046\u306e\u304c\u70ba\u66ff\u30ea\u30b9\u30af\u3060\u3002<\/p>\n\n\n\n
\u6d41\u884c\u306e\u30aa\u30eb\u30ab\u30f3\uff08\u5168\u4e16\u754c\u682a\u5f0f\uff09\u3092\u4f8b\u306b\u6319\u3052\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n
\u30aa\u30eb\u30ab\u30f3\u306f\u4e3b\u306b\u7c73\u30c9\u30eb\u5efa\u3066\u306e\u8cc7\u7523\u306b\u6295\u8cc7\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u5186\u9ad8\u306b\u306a\u308b\u3068\u8a55\u4fa1\u984d\u304c\u4e0b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u3064\u307e\u308a\u70ba\u66ff\u30ea\u30b9\u30af\u304c\u3042\u308b\u306e\u3060\u3002\u203b<\/p>\n\n\n\n
\u9006\u306b\u3001\u30aa\u30eb\u30ab\u30f3\u306e\u4fa1\u683c\u306f\u305d\u306e\u539f\u682a\u4fa1\u6307\u6570\uff08MSCI ACWI\uff09\u306b\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u3092\u639b\u3051\u5408\u308f\u305b\u305f\u5f62\u3067\u7b97\u51fa\u3055\u308c\u308b\u306e\u3067\u3001\u5186\u5b89\u306b\u306a\u308b\u3068\u5186\u63db\u7b97\u306e\u57fa\u6e96\u4fa1\u984d\u304c\u4e0a\u304c\u308b\u3002<\/p>\n\n\n\n
\u66f4\u306b\u3001\u5186\u5b89\u306e\u3068\u304d\u306f\u682a\u9ad8\u306b\u306a\u308b\u50be\u5411\u304c\u3042\u308a\u3001\u30aa\u30eb\u30ab\u30f3\u306e\u3088\u3046\u306a\u5916\u8ca8\u5efa\u3066\u8cc7\u7523\u306b\u3068\u3063\u3066\u306f\u5186\u5b89\u3067\u70ba\u66ff\u5dee\u76ca\u304c\u30d7\u30e9\u30b9\u306b\u50cd\u304f\u306e\u3067\u3001\u682a\u9ad8\u3068\u76f8\u307e\u3063\u3066\u30ea\u30bf\u30fc\u30f3\u304c\u52a0\u901f\u3059\u308b\u50be\u5411\u304c\u3042\u308b\u3002<\/p>\n\n\n\n
\u3064\u307e\u308a\u3001\u70ba\u66ff\u30ea\u30b9\u30af\u306f\u3042\u308b\u3082\u306e\u306e\u3001\u70ba\u66ff\u306e\u52d5\u304d\u306b\u3088\u308b\u30e1\u30ea\u30c3\u30c8\u3082\u5927\u304d\u3044\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n
\u203b\u4f8b\u5916\u3068\u3057\u3066\u3001\u682a\u4fa1\u306e\u4e0a\u6607\u304c\u70ba\u66ff\u306e\u30de\u30a4\u30ca\u30b9\u3092\u6253\u3061\u6d88\u3059\u3053\u3068\u3082\u3042\u308b\u3002\u5186\u9ad8\u306b\u306a\u3063\u3066\u3082\u682a\u4fa1\u304c\u305d\u308c\u4ee5\u4e0a\u306b\u4e0a\u304c\u308c\u3070\u3001\u4fa1\u683c\u304c\u4e0b\u304c\u3089\u306a\u3044\u3002<\/p>\n\n\n\n
\u305f\u3068\u3048\u3070\u30012023\u5e74\u672b\u304b\u30892024\u5e74\u521d\u3081\u306b\u304b\u3051\u3066\u3001\u30c9\u30eb\u5186\u304c\u5c11\u3057\u5186\u9ad8\u306b\u52d5\u3044\u305f\u304c\u3001\u30aa\u30eb\u30ab\u30f3\u306e\u4fa1\u683c\u306f\u305d\u306e\u539f\u682a\u4fa1\u6307\u6570\uff08MSCI ACWI\uff09\u304c\u305d\u308c\u4ee5\u4e0a\u306b\u4e0a\u6607\u3057\u305f\u3053\u3068\u3067\u3001\u30aa\u30eb\u30ab\u30f3\u306e\u4fa1\u683c\u306f\u3080\u3057\u308d\u4e0a\u304c\u3063\u305f\u3002<\/p>\n\n\n\n
\u25a0\u70ba\u66ff\u304c\u5909\u52d5\u3059\u308b\u4e3b\u306a\u8981\u56e0<\/h2>\n\n\n\n
\u70ba\u66ff\u76f8\u5834\u306f\u3001\u57fa\u672c\u7684\u306b\u9700\u7d66\u30d0\u30e9\u30f3\u30b9\u3067\u6c7a\u307e\u308b\u3002<\/p>\n\n\n\n
\u56fd\u5185\u3078\u306e\u8cc7\u91d1\u6d41\u5165\u3067\u70ba\u66ff\u76f8\u5834\u306f\u4e0a\u304c\u308a\u3001\u56fd\u5916\u3078\u306e\u8cc7\u91d1\u6d41\u51fa\u3067\u76f8\u5834\u306f\u4e0b\u843d\u3059\u308b\u3002<\/p>\n\n\n\n
\u4e3b\u306a\u5909\u52d5\u8981\u56e0\u306f\u4ee5\u4e0b\u306e5\u3064\u3060\u3002<\/p>\n\n\n\n
\u30fb\u91d1\u5229\u5dee<\/strong><\/p>\n\n\n\n \u30fb\u7d4c\u6e08\u6307\u6a19<\/strong><\/p>\n\n\n\n \u30fb\u5b9f\u9700<\/strong><\/p>\n\n\n\n \u30fb\u6295\u6a5f\u7b4b<\/strong><\/p>\n\n\n\n \u30fb\u56fd\u969b\u60c5\u52e2\u30fb\u5730\u653f\u5b66\u30ea\u30b9\u30af<\/strong><\/p>\n\n\n\n \u305d\u308c\u305e\u308c\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u3066\u3044\u304f\u3002<\/p>\n\n\n\n \u4e00\u822c\u7684\u306b\u3001\u9ad8\u91d1\u5229\u306e\u901a\u8ca8\u3067\u904b\u7528\u3057\u305f\u65b9\u304c\u591a\u304f\u306e\u91d1\u5229\u53ce\u5165\u3092\u898b\u8fbc\u3081\u308b\u70ba\u3001\u91d1\u5229\u306e\u9ad8\u3044\u56fd\u3084\u5730\u57df\u306e\u70ba\u66ff\u76f8\u5834\u306f\u4e0a\u6607\u3057\u3001\u91d1\u5229\u306e\u4f4e\u3044\u56fd\u3084\u5730\u57df\u306f\u4e0b\u843d\u3059\u308b\u50be\u5411\u306b\u3042\u308b\u3002<\/p>\n\n\n\n \u4f8b\u3048\u3070\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u7b56\u91d1\u5229\u304c\u65e5\u672c\u3088\u308a\u9ad8\u3051\u308c\u3070\u3001\u3088\u308a\u5229\u56de\u308a\u306e\u826f\u3044\u30c9\u30eb\u5efa\u3066\u8cc7\u7523\u3092\u6c42\u3081\u3066\u8cc7\u91d1\u304c\u30a2\u30e1\u30ea\u30ab\u306b\u6d41\u308c\u3001\u5186\u3092\u58f2\u308a\u30c9\u30eb\u3092\u8cb7\u3046\u3053\u3068\u3067\u5186\u5b89\u30fb\u30c9\u30eb\u9ad8\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n \u9006\u306b\u3001\u65e5\u7c73\u306e\u91d1\u5229\u5dee\u304c\u7e2e\u307e\u308c\u3070\u3001\u5186\u9ad8\u65b9\u5411\u306b\u9032\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n \u3057\u305f\u304c\u3063\u3066\u3001\u5404\u56fd\u4e2d\u592e\u9280\u884c\uff08FRB\u3084\u65e5\u9280\u7b49\uff09\u3084\u653f\u5e9c\u306e\u52d5\u304d\u3084\u767a\u8a00\u306f\u3001\u70ba\u66ff\u5909\u52d5\u306e\u6750\u6599\u3068\u306a\u308a\u5f97\u308b\u3002<\/p>\n\n\n\n \u5404\u56fd\u306e\u7d4c\u6e08\u6307\u6a19\u793a\u3059\u7d4c\u6e08\u72b6\u6cc1\u3082\u70ba\u66ff\u306b\u5f71\u97ff\u3059\u308b\u3002<\/p>\n\n\n\n \u7279\u306b\u3001\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08CPI\uff09\u3084\u52b4\u50cd\u5e02\u5834\u3092\u793a\u3059\u96c7\u7528\u7d71\u8a08\u306f\u4e2d\u592e\u9280\u884c\u306e\u300c\u91d1\u878d\u653f\u7b56\u300d\u306b\u76f4\u7d50\u3059\u308b\u305f\u3081\u3001\u5e02\u5834\u306e\u6ce8\u76ee\u5ea6\u304c\u9ad8\u3044\u6307\u6a19\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n \u4f8b\u3048\u3070\u3001\u7c73\u56fd\u306e\u96c7\u7528\u7d71\u8a08\u304c\u597d\u8abf\u3067\u3042\u308b\u3068\u3001\u30c9\u30eb\u9ad8\u306e\u8981\u56e0\u306b\u306a\u308b\u3053\u3068\u304c\u591a\u3044\u3002<\/p>\n\n\n\n \u96c7\u7528\u7d71\u8a08\u304c\u5e02\u5834\u4e88\u60f3\u3092\u4e0a\u56de\u308b\u3068\u3001\u300cFRB\uff08\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff09\u306f\u3059\u3050\u306b\u5229\u4e0b\u3052\u3057\u306a\u3044\u3060\u308d\u3046\u300d\u3068\u3044\u3046\u898b\u65b9\u304c\u5e83\u304c\u308b\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30c9\u30eb\u306e\u91d1\u5229\u304c\u9ad8\u6b62\u307e\u308a\u3059\u308b\u3068\u306e\u671f\u5f85\u304c\u5f37\u307e\u308a\u3001\u30c9\u30eb\u8cb7\u3044\u304c\u9032\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n \u307e\u305f\u3001\u96c7\u7528\u7d71\u8a08\u304c\u5f37\u3044\u3068\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u5e95\u5805\u3055\u304c\u610f\u8b58\u3055\u308c\u3001\u30ea\u30b9\u30af\u56de\u907f\u306e\u52d5\u304d\u304c\u5f8c\u9000\u3057\u3066\u3001\u8cc7\u91d1\u304c\u30c9\u30eb\u306b\u96c6\u307e\u308a\u3084\u3059\u304f\u306a\u308b\u3068\u3044\u3046\u9762\u3082\u3042\u308b\u3002<\/p>\n\n\n\n \u7d4c\u6e08\u6d3b\u52d5\u306b\u4f34\u3046\u9700\u7d66\u53d6\u5f15\u3092\u80cc\u666f\u306b\u3057\u3066\u70ba\u66ff\u304c\u52d5\u304f\u3053\u3068\u3082\u3042\u308b\u3002<\/p>\n\n\n\n \u8cbf\u6613\u53ce\u652f\u306a\u3069\u306e\u7d4c\u5e38\u53ce\u652f\u3084\u6295\u8cc7\u306a\u3069\u306e\u8cc7\u672c\u53d6\u5f15\u53ce\u652f\u306b\u304a\u3051\u308b\u56fd\u5185\u5916\u3078\u306e\u8cc7\u91d1\u6d41\u51fa\u5165\u306e\u5909\u5316\u304c\u70ba\u66ff\u76f8\u5834\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002<\/p>\n\n\n\n \u25c9\u7d4c\u5e38\u53ce\u652f\uff08\u8cbf\u6613\u53ce\u652f\u306a\u3069\uff09<\/strong> \u3000<\/p>\n\n\n\n \u8f38\u51fa\u304c\u8f38\u5165\u3092\u4e0a\u56de\u308c\u3070\u3001\u5916\u56fd\u304b\u3089\u306e\u652f\u6255\u3044\u304c\u5897\u3048\u3066\u5186\u8cb7\u3044\u304c\u9032\u307f\u3001\u5186\u9ad8\u8981\u56e0\u306b\u306a\u308b\u3002<\/p>\n\n\n\n \u9006\u306b\u8f38\u5165\u8d85\u904e\u306a\u3089\u5186\u58f2\u308a\u304c\u9032\u307f\u3001\u5186\u5b89\u8981\u56e0\u3068\u306a\u308b\u3002<\/p>\n\n\n\n \u4f8b\u3048\u3070\u6628\u4eca\u3001\u65e5\u672c\u306f\u30af\u30e9\u30a6\u30c9\u30b5\u30fc\u30d3\u30b9\u3084\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u578b\u306e\u30c7\u30b8\u30bf\u30eb\u30b5\u30fc\u30d3\u30b9\uff08Netflix\u3001AWS\u3001iPhone\u306e\u30af\u30e9\u30a6\u30c9\u306a\u3069\uff09\u3092\u6d77\u5916\u4f01\u696d\u304b\u3089\u5927\u91cf\u306b\u8cfc\u5165\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u3089\u306e\u652f\u6255\u3044\u306f\u5916\u8ca8\u5efa\u3066\u306a\u306e\u3067\u3001\u5186\u3092\u58f2\u3063\u3066\u30c9\u30eb\u306a\u3069\u3092\u8cb7\u3046\u52d5\u304d\u304c\u5f37\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u3053\u306e\u3088\u3046\u306a\u30c7\u30b8\u30bf\u30eb\u8d64\u5b57\u306e\u62e1\u5927\u306b\u3088\u308b\u5916\u8ca8\u6d41\u51fa\u304c\u5186\u5b89\u5727\u529b\u3092\u9ad8\u3081\u308b\u4e00\u56e0\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u6307\u6458\u304c\u3042\u308b\u3002<\/p>\n\n\n\n \u25c9\u8cc7\u672c\u53ce\u652f\uff08\u6295\u8cc7\u306a\u3069\uff09<\/strong> \u3000<\/p>\n\n\n\n \u65e5\u672c\u4f01\u696d\u3084\u6295\u8cc7\u5bb6\u304c\u6d77\u5916\u306b\u6295\u8cc7\u3059\u308c\u3070\u5186\u3092\u58f2\u3063\u3066\u5916\u8ca8\u3092\u8cb7\u3046\u305f\u3081\u3001\u5186\u5b89\u8981\u56e0\u306b\u306a\u308b\u3002<\/p>\n\n\n\n \u9006\u306b\u6d77\u5916\u304b\u3089\u65e5\u672c\u3078\u306e\u6295\u8cc7\u304c\u5897\u3048\u308c\u3070\u5186\u9ad8\u8981\u56e0\u306b\u306a\u308b\u3002<\/p>\n\n\n\n \u65b0NISA\u306b\u304a\u3051\u308b\u30aa\u30eb\u30ab\u30f3\u306a\u3069\u306e\u5916\u8ca8\u5efa\u3066\u8cc7\u7523\u3078\u306e\u6295\u8cc7\u5897\u52a0\u3092\u53d7\u3051\u305f\u5186\u58f2\u308a\u9700\u8981\u3067\u3001\u5bfe\u5916\u8a3c\u5238\u6295\u8cc7\u306f\u5186\u5b89\u8981\u56e0\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u5b9f\u9700\u3092\u4f34\u308f\u306a\u3044\u9700\u7d66\u3068\u3057\u3066\u3001\u70ba\u66ff\u5e02\u5834\u306e\u5e02\u5834\u53c2\u52a0\u8005\u306e\u53d6\u5f15\u306e\u4e2d\u306b\u306f\u3001\u77ed\u671f\u7684\u306a\u5024\u52d5\u304d\u3092\u72d9\u3046\u6295\u6a5f\u7684\u306a\u53d6\u5f15\u304c\u591a\u6570\u5b58\u5728\u3059\u308b\u3002\u307e\u305f\u3001\u904e\u5ea6\u306a\u5186\u5b89\u3092\u5bfe\u5fdc\u3059\u308b\u305f\u3081\u306b\u653f\u5e9c\u306a\u3069\u306b\u3088\u308b\u70ba\u66ff\u4ecb\u5165\u3082\u70ba\u66ff\u5909\u52d5\u8981\u56e0\u3068\u306a\u308b\u3002<\/p>\n\n\n\n \u6295\u6a5f\u7b4b\u306e\u70ba\u66ff\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u52d5\u5411\u3092\u78ba\u8a8d\u3059\u308b\u306b\u306f\u3001\u300cIMM\uff08\u56fd\u969b\u901a\u8ca8\u5e02\u5834\uff09\u6295\u6a5f\u7b4b\u30dd\u30b8\u30b7\u30e7\u30f3\u30c7\u30fc\u30bf\u300d\u304c\u3088\u304f\u4f7f\u308f\u308c\u308b\u3002\u3053\u306e\u30c7\u30fc\u30bf\u306f\u3001CFTC\uff08\u7c73\u56fd\u5546\u54c1\u5148\u7269\u53d6\u5f15\u59d4\u54e1\u4f1a\uff09\u304c\u6bce\u9031\u91d1\u66dc\u65e5\u306b\u767a\u8868\u3059\u308b\u300cCOT\u30ec\u30dd\u30fc\u30c8\uff08Commitments of Traders Report\uff09\u300d\u306b\u57fa\u3065\u3044\u3066\u304a\u308a\u3001\u6295\u6a5f\u7b4b\u306e\u30ed\u30f3\u30b0\u30dd\u30b8\u30b7\u30e7\u30f3\uff08\u8cb7\u3044\uff09\u3084\u30b7\u30e7\u30fc\u30c8\u30dd\u30b8\u30b7\u30e7\u30f3\uff08\u58f2\u308a\uff09\u3092\u628a\u63e1\u3067\u304d\u308b\u3002<\/p>\n\n\n\n <\/p>\n\n\n\n \u653f\u5e9c\u30fb\u65e5\u672c\u9280\u884c\u306b\u3088\u308b\u70ba\u66ff\u4ecb\u5165\u306f\u3001\u6025\u6fc0\u306a\u5e02\u5834\u306e\u6d41\u308c\u3092\u5909\u3048\u308b\u91cd\u8981\u306a\u624b\u6bb5\u3068\u3057\u3066\u4f7f\u308f\u308c\u3066\u304d\u305f\u3002<\/p>\n\n\n\n \u7279\u306b\u6700\u8fd1\u306e\u4e8b\u4f8b\u3067\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u52d5\u304d\u304c\u3042\u3063\u305f\u3002<\/p>\n\n\n\n ☑4\u670829\u65e5\u30fb5\u67081\u65e5<\/strong><\/p>\n\n\n\n \u3000\u7d049.8\u5146\u5186\u306e\u5186\u8cb7\u3044\u4ecb\u5165<\/p>\n\n\n\n \u3000160\u5186\u53f0\u3092\u7a81\u7834\u3057\u305f\u30c9\u30eb\u5186\u76f8\u5834\u3092\u6291\u3048\u308b\u76ee\u7684<\/p>\n\n\n\n ☑7\u670811\u65e5\u30fb12\u65e5<\/strong><\/p>\n\n\n\n \u3000\u7d045.5\u5146\u5186\u306e\u5186\u8cb7\u3044\u4ecb\u5165<\/p>\n\n\n\n \u3000\u7c73\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08CPI\uff09\u306e\u4e0b\u632f\u308c\u306b\u5408\u308f\u305b\u3066\u5b9f\u65bd\u3055\u308c\u3001\u30c9\u30eb\u5186\u306f161\u5186\u304b\u3089157\u5186\u53f0\u3078\u6025\u843d<\/p>\n\n\n\n \u3000\u4e2d\u3067\u30822024\u5e747\u6708\u306e\u4ecb\u5165\u306f\u3001\u7c73\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u306e\u767a\u8868\u76f4\u5f8c\u306b\u884c\u308f\u308c\u3001\u30c8\u30ec\u30f3\u30c9\u8ee2\u63db\u306e\u304d\u3063\u304b\u3051\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n \u653f\u6a29\u4ea4\u4ee3\u3084\u7d4c\u6e08\u5236\u88c1\u3068\u3044\u3063\u305f\u56fd\u969b\u7684\u306a\u653f\u6cbb\u30a4\u30d9\u30f3\u30c8\u3082\u3001\u901a\u8ca8\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u306b\u5f71\u97ff\u3057\u3001\u70ba\u66ff\u76f8\u5834\u3092\u4e0d\u5b89\u5b9a\u306b\u3059\u308b\u3002<\/p>\n\n\n\n \u307e\u305f\u3001\u7d1b\u4e89\u3084\u6226\u4e89\u30fb\u30c6\u30ed\u30fb\u653f\u60c5\u4e0d\u5b89\u306a\u3069\u304c\u8d77\u304d\u305f\u969b\u3001\u5b89\u5168\u8cc7\u7523\u3068\u3055\u308c\u308b\u30b9\u30a4\u30b9\u30d5\u30e9\u30f3\u3084\u5186\u304c\u8cb7\u308f\u308c\u3001\u300c\u6709\u4e8b\u306e\u5186\u9ad8\u300d\u304c\u8d77\u304d\u308b\u3053\u3068\u304c\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u8fd1\u5e74\u306e\u4e2d\u6771\u60c5\u52e2\u306e\u7dca\u8feb\u5316\u3067\u306f\u5186\u5b89\u304c\u9032\u3080\u52d5\u304d\u3082\u3042\u308a\u3001\u6709\u4e8b\u306e\u5186\u8cb7\u3044\u306f\u5f31\u304f\u306a\u3063\u3066\u3044\u308b\u4e00\u9762\u3082\u3042\u308b\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30ea\u30b9\u30af\u3092\u56de\u907f\u3059\u308b\u65b9\u6cd5\u306b\u70ba\u66ff\u30d8\u30c3\u30b8\u306e\u6d3b\u7528\u304c\u3042\u308b\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30d8\u30c3\u30b8\u3068\u306f\u3001\u5186\u9ad8\u30fb\u5186\u5b89\u306a\u3069\u306e\u70ba\u66ff\u5909\u52d5\u306b\u3088\u308b\u5186\u30d9\u30fc\u30b9\u3067\u306e\u640d\u76ca\u3092\u56de\u907f\u3059\u308b\u65b9\u6cd5\u3002<\/p>\n\n\n\n \u30d8\u30c3\u30b8\uff08hedge\uff09\u306f\u76f4\u8a33\u3059\u308b\u3068\u300c\u907f\u3051\u308b\u300d\u3068\u306a\u308b\u304c\u3001\u30ea\u30b9\u30af\u3092\u56de\u907f\u30fb\u8efd\u6e1b\u3059\u308b\u3068\u3044\u3046\u610f\u5473\u3067\u4f7f\u308f\u308c\u308b\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30d8\u30c3\u30b8\u3092\u884c\u3046\u3053\u3068\u3067\u70ba\u66ff\u5909\u52d5\u30ea\u30b9\u30af\u3092\u6291\u3048\u308b\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308b\u306e\u3060\u3002<\/p>\n\n\n\n \u591a\u304f\u306e\u6295\u8cc7\u4fe1\u8a17\u306f\u3001\u6d77\u5916\u306e\u682a\u5f0f\u3084\u50b5\u5238\u306a\u3069\u306e\u5916\u56fd\u8cc7\u7523\u306b\u6295\u8cc7\u3092\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u3053\u308c\u3089\u306e\u306a\u304b\u306b\u306f\u3001\u70ba\u66ff\u5909\u52d5\u306b\u3088\u3063\u3066\u5186\u30d9\u30fc\u30b9\u3067\u306e\u4fa1\u5024\u304c\u6e1b\u5c11\u3059\u308b\u3053\u3068\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306b\u3001\u70ba\u66ff\u30d8\u30c3\u30b8\u3042\u308a\u3068\u70ba\u66ff\u30d8\u30c3\u30b8\u306a\u3057\u3092\u9078\u629e\u3067\u304d\u308b\u5834\u5408\u304c\u3042\u308b\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30d8\u30c3\u30b8\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3002<\/p>\n\n\n\n \u3000☑\u5186\u9ad8\u306b\u3088\u308b\u70ba\u66ff\u5dee\u640d\u3092\u56de\u907f\u3067\u304d\u308b<\/p>\n\n\n\n \u3000☑\u5186\u5b89\u306b\u3088\u308b\u70ba\u66ff\u5dee\u76ca\u306f\u53d6\u308c\u306a\u3044<\/strong><\/p>\n\n\n\n \u3000☑\u70ba\u66ff\u30d8\u30c3\u30b8\u306e\u6d3b\u7528\u306b\u306f\u3001\u30d8\u30c3\u30b8\u30b3\u30b9\u30c8\u304c\u767a\u751f\u3059\u308b<\/strong><\/p>\n\n\n\n \u3000\u30b3\u30b9\u30c8\u306f\u4e00\u822c\u7684\u306b\uff12\u3064\u306e\u56fd\u30fb\u5730\u57df\u306e3\u30f5\u6708\u5206\u306e\u77ed\u671f\u56fd\u50b5\u5229\u56de\u308a\u5dee\u306b\u76f8\u5f53\u3059\u308b\u3002<\/p>\n\n\n\n \u3000\u30d8\u30c3\u30b8\u30b3\u30b9\u30c8\u306f\u3001\u57fa\u672c\u7684\u306b\uff12\u3064\u306e\u56fd\u30fb\u5730\u57df\u9593\u306e\u91d1\u5229\u5dee\u304c\u5927\u304d\u3044\u7a0b\u9ad8\u304f\u3001\u5c0f\u3055\u3044\u7a0b\u4f4e\u304f\u306a\u308b\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30d8\u30c3\u30b8\u3042\u308a\u3067\u306f\u3001\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u56de\u907f\u3067\u304d\u308b\u53cd\u9762\u3001\u30d8\u30c3\u30b8\u30b3\u30b9\u30c8\u304c\u4fe1\u8a17\u8ca1\u7523\u304b\u3089\u63a7\u9664\u3055\u308c\u308b\u306e\u3067\u3001\u904b\u7528\u5b9f\u7e3e\u306e\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u306b\u306a\u308b\u3053\u3068\u306f\u8a8d\u8b58\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30d8\u30c3\u30b8\u306e\u9078\u629e\u306b\u969b\u3057\u3066\u306f\u3001\u4e0b\u8a18\u3092\u8003\u616e\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n \u30fb\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u8a31\u5bb9\u3067\u304d\u308b\u304b\u3069\u3046\u304b\uff1f<\/p>\n\n\n\n \u30fb\u70ba\u66ff\u76f8\u5834\u304c\u5186\u9ad8\u30fb\u5186\u5b89\u3069\u3061\u3089\u306b\u52d5\u304f\u304b\uff1f<\/p>\n\n\n\n \u30fb\u30d8\u30c3\u30b8\u30b3\u30b9\u30c8\u306e\u6c34\u6e96\u304c\u3069\u306e\u7a0b\u5ea6\u304b\uff1f<\/p>\n\n\n\n \u4f8b\u3048\u3070\u79c1\u306f\u3001\u500b\u4eba\u3068\u3057\u3066\u7c73\u56fd\u50b520\u5e74\u8d85ETF\u3092\u70ba\u66ff\u30d8\u30c3\u30b8\u3042\u308a\u3067\u4fdd\u6709\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u73fe\u5728\u306e\u3088\u3046\u306a\u3001\u65e5\u7c73\u4e21\u56fd\u9593\u306e\u77ed\u671f\u91d1\u5229\u304c\u958b\u3044\u3066\u3044\u308b\u72b6\u614b\u3067\u306f\u3001\u30b3\u30b9\u30c8\u30c7\u30e1\u30ea\u30c3\u30c8\u306f\u3042\u308b\u3068\u601d\u3046\u304c\u3001\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u6c17\u306b\u3057\u306a\u3044\u3067\u3001\u5b9a\u671f\u7684\u306b\u5e744\u56de\u5206\u914d\u91d1\uff08\u4e0d\u52b4\u6240\u5f97\uff09\u304c\u5165\u3063\u3066\u304f\u308b\u306e\u3067\u60aa\u304f\u306f\u306a\u3044\u304b\u3068\u601d\u3063\u3066\u3044\u308b\u3002\u79c1\u304c\u30a8\u30f3\u30c8\u30ea\u30fc\u3057\u305f\u6642\u70b9\u3067\u306f\u3001\u5186\u5b89\u304c\u884c\u304d\u904e\u304e\u305f\u611f\u304c\u3042\u3063\u305f\u306e\u3067\u30d8\u30c3\u30b8\u3092\u639b\u3051\u305f\u904b\u7528\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n 2024\u5e74\u4ee5\u964d\u3001\u7c73\u56fd\u3067\u306e\u5229\u4e0b\u3052\u3078\u306e\u8ee2\u63db\u3068\u65e5\u672c\u306e\u7de9\u3084\u304b\u306a\u5229\u4e0a\u3052\u3092\u80cc\u666f\u3068\u3057\u305f\u91d1\u5229\u5dee\u7e2e\u5c0f\u304b\u3089\u3001\u30b3\u30b9\u30c8\u306f\u4e0b\u304c\u308b\u50be\u5411\u306b\u3042\u308b\u304b\u3068\u601d\u3046\u30022025\u5e748\u6708\u306e\u30b8\u30e3\u30af\u30bd\u30f3\u30db\u30fc\u30eb\u3067\u306e\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u767a\u8a00\u306a\u3069\u3067\u3082\u5229\u4e0b\u3052\u671f\u5f85\u304c\u9ad8\u307e\u3063\u305f\u304b\u3082\u77e5\u308c\u306a\u3044\u3002<\/p>\n\n\n\n \u305f\u3060\u3057\u3001\u5c06\u6765\u7684\u306b\u91d1\u5229\u3084\u70ba\u66ff\u304c\u3069\u3046\u52d5\u304f\u304b\u306f\u8ab0\u306b\u3082\u308f\u304b\u3089\u306a\u3044\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30ea\u30b9\u30af\u3092\u53d7\u3051\u5165\u308c\u3066\u3001\u4e2d\u9577\u671f\u306a\u8996\u70b9\u3067\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u671f\u5f85\u3059\u308b\u904b\u7528\u3082\u5f53\u7136\u3042\u308a\u3060\u3068\u601d\u3046\u3002<\/p>\n\n\n\n \u70ba\u66ff\u30d8\u30c3\u30b8\u306e\u9078\u629e\u3084\u5916\u8ca8\u5efa\u3066\u8cc7\u7523\u3078\u306e\u6295\u8cc7\u306e\u53ef\u5426\u306b\u3064\u3044\u3066\u306f\u500b\u4eba\u306e\u5224\u65ad\u3067\u3001\u826f\u3057\u60aa\u3057\u306f\u30b1\u30fc\u30b9\u30d0\u30a4\u30b1\u30fc\u30b9\u3060\u3002<\/p>\n\n\n\n \u8457\u8005\uff1a\u4e0a\u5ca1 \u5065\u53f8 \u4e2d\u56fd\u30fb\u30bf\u30a4\u30fb\u30d9\u30c8\u30ca\u30e0\u306a\u3069\u30a2\u30b8\u30a23\u30ab\u56fd\u306710\u5e74\u4ee5\u4e0a\u306e\u4f01\u696d\u7d4c\u55b6\u7d4c\u9a13\u3092\u6301\u3064\u6295\u8cc7\u5bb6\u30fb\u6226\u7565\u7684\u30e1\u30c7\u30a3\u30a2\u30aa\u30fc\u30ca\u30fc\u3002\u81ea\u793e\u3067\u306e\u4e0d\u52d5\u7523\u30fb\u91d1\u878d\u8cc7\u7523\u904b\u7528\u3092\u5b9f\u8df5\u3057\u306a\u304c\u3089\u3001\u8cc7\u672c\u4e3b\u7fa9\u306e\u69cb\u9020\u3092\u6d3b\u7528\u3057\u305f\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb\u3092\u767a\u4fe1\u4e2d\u3002\u8457\u66f8\u591a\u6570\u3002<\/p>\n\n\n\n ▶ [\u8457\u8005\u30d7\u30ed\u30d5\u30a3\u30fc\u30eb\u8a73\u7d30\u306f\u3053\u3061\u3089<\/a>] \u5186\u5b89\u306e\u4eca\u3001\u5916\u8ca8\u5efa\u3066\u8cc7\u7523\u3078\u306e\u6295\u8cc7\u3078\u306e\u6ce8\u76ee\u5ea6\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3002 \u3057\u304b\u3057\u70ba\u66ff\u30ea\u30b9\u30af\u304c\u6c17\u306b\u306a\u3063\u3066\u3001\u306a\u304b\u306a\u304b\u4e00\u6b69\u3092\u8e0f\u307f\u51fa\u305b […]<\/p>\n","protected":false},"author":1,"featured_media":1169,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money"],"_links":{"self":[{"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/posts\/1162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/comments?post=1162"}],"version-history":[{"count":10,"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/posts\/1162\/revisions"}],"predecessor-version":[{"id":1688,"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/posts\/1162\/revisions\/1688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/media\/1169"}],"wp:attachment":[{"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/media?parent=1162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/categories?post=1162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/julius-tokyo.com\/en\/wp-json\/wp\/v2\/tags?post=1162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u2776\u91d1\u5229\u5dee<\/h3>\n\n\n\n
\u2777\u7d4c\u6e08\u6307\u6a19<\/h3>\n\n\n\n
\u2778\u5b9f\u9700<\/h3>\n\n\n\n
\u2779\u6295\u6a5f\u7b4b<\/h3>\n\n\n\n
\u25c9\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3084FX\u53d6\u5f15\u306b\u3088\u308b\u70ba\u66ff\u53d6\u5f15<\/h4>\n\n\n\n
\u25c9\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u70ba\u66ff\u4ecb\u5165<\/h4>\n\n\n\n
\u25a02024\u5e744\u6708\uff5e7\u6708\u306e\u4ecb\u5165<\/h5>\n\n\n\n
\u277a\u56fd\u969b\u60c5\u52e2\u30fb\u5730\u653f\u5b66\u30ea\u30b9\u30af<\/h3>\n\n\n\n
\u25a0\u70ba\u66ff\u30d8\u30c3\u30b8\u306e\u6d3b\u7528\u306f\u70ba\u66ff\u30ea\u30b9\u30af\u306e\u56de\u907f\u306b\u52b9\u679c\u7684<\/h2>\n\n\n\n
\u25c9\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n
\u25c9\u30c7\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n
\u25a0\u307e\u3068\u3081<\/h2>\n\n\n\n
\n
\u25a0\u8457\u8005\u30d7\u30ed\u30d5\u30a3\u30fc\u30eb<\/strong><\/h4>\n\n\n\n
AFP(\u65e5\u672c\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30d7\u30e9\u30f3\u30ca\u30fc\u5354\u4f1a\u8a8d\u5b9a\uff09\u3001\u5b85\u5730\u5efa\u7269\u53d6\u5f15\u58eb\u8cc7\u683c\u5408\u683c
\u682a\u5f0f\u4f1a\u793e\u30e6\u30ea\u30a6\u30b9\u4ee3\u8868\u53d6\u7de0\u5f79<\/p>\n\n\n\n
▶ [\u8457\u66f8\u4e00\u89a7\u306f\u3053\u3061\u3089<\/a>]<\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"