{"id":3562,"date":"2024-06-24T11:23:47","date_gmt":"2024-06-24T02:23:47","guid":{"rendered":"https:\/\/www.risingbull.co.jp\/stock\/?p=3562"},"modified":"2026-04-07T15:42:41","modified_gmt":"2026-04-07T06:42:41","slug":"stagflation","status":"publish","type":"post","link":"https:\/\/www.risingbull.co.jp\/stock\/stagflation","title":{"rendered":"\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3068\u306f\uff1f\u65e5\u672c\u306e\u73fe\u72b6\u3084\u500b\u4eba\u306e\u5bfe\u7b56\u3082\u89e3\u8aac\u30102026\u5e74\u3011"},"content":{"rendered":"<p>\u300c\u7269\u4fa1\u306f\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u306b\u3001\u666f\u6c17\u304c\u826f\u304f\u306a\u3063\u305f\u5b9f\u611f\u304c\u306a\u3044&#8230;&#8230;\u300d\u3068\u611f\u3058\u3066\u3044\u308b\u65b9\u306f\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u30022026\u5e743\u6708\u73fe\u5728\u3001\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\u306f\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u3001\u98df\u54c1\u3084\u5149\u71b1\u8cbb\u306e\u5024\u4e0a\u304c\u308a\u3082\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u8cc3\u91d1\u306e\u4f38\u3073\u306f\u7269\u4fa1\u4e0a\u6607\u306b\u8ffd\u3044\u3064\u3044\u3066\u3044\u307e\u305b\u3093\u3002\u3053\u3046\u3057\u305f\u300c\u4e0d\u666f\u6c17\u306a\u306e\u306b\u7269\u4fa1\u3060\u3051\u304c\u4e0a\u304c\u308b\u300d\u72b6\u614b\u306f\u3001\u7d4c\u6e08\u5b66\u3067\u306f\u300c\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u300d\u3068\u547c\u3070\u308c\u307e\u3059\u3002<\/p>\n<p>2022\u5e74\u306b\u653f\u5e9c\u306f\u300c\u6211\u304c\u56fd\u306f\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u72b6\u6cc1\u306b\u306f\u306a\u3044\u300d\u3068\u5426\u5b9a\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u3057\u304b\u3057\u73fe\u5728\u72b6\u6cc1\u306f\u5909\u308f\u308a\u3064\u3064\u3042\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u4ed5\u7d44\u307f\u3084\u751f\u6d3b\u3078\u306e\u5f71\u97ff\u3001\u4eca\u304b\u3089\u3067\u304d\u308b\u5099\u3048\u306a\u3069\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<h2>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3068\u306f\uff1a\u4e0d\u666f\u6c17\u306a\u306e\u306b\u7269\u4fa1\u304c\u4e0a\u304c\u308b\u3053\u3068<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation06-1024x909.jpg\" alt=\"\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\" width=\"868\" height=\"771\" class=\"aligncenter size-large wp-image-3843\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation06-1024x909.jpg 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation06-300x266.jpg 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation06-768x681.jpg 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation06.jpg 1038w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p><strong><span class=\"f-marker-y\">\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3068\u306f\uff1f<br 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class=\"f-marker-y\">\u6df1\u523b\u306a\u306e\u306f\u300c\u653f\u7b56\u306e\u30b8\u30ec\u30f3\u30de\u300d\u306b\u9665\u308b\u70b9\u3067\u3059\u3002<\/span><\/strong>\u666f\u6c17\u3092\u523a\u6fc0\u3059\u308c\u3070\u7269\u4fa1\u304c\u8df3\u306d\u4e0a\u304c\u308a\u3001\u7269\u4fa1\u3092\u6291\u3048\u3088\u3046\u3068\u3059\u308c\u3070\u666f\u6c17\u306f\u3082\u3063\u3068\u51b7\u3048\u8fbc\u307f\u307e\u3059\u3002<\/p>\n<p>\u3069\u3061\u3089\u306e\u653f\u7b56\u3092\u3068\u3063\u3066\u3082\u72b6\u6cc1\u304c\u60aa\u5316\u3057\u3084\u3059\u304f\u3001\u653f\u5e9c\u3084\u4e2d\u592e\u9280\u884c\u306e\u5bfe\u5fdc\u304c\u304d\u308f\u3081\u3066\u96e3\u3057\u304f\u306a\u308b\u306e\u304c\u7279\u5fb4\u3067\u3059\u3002<\/p>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u500b\u4eba\u306e\u751f\u6d3b\u3084\u8cc7\u7523\u3001\u96c7\u7528\u306b\u3082\u5927\u304d\u306a\u5f71\u97ff\u3092\u304a\u3088\u307c\u3057\u307e\u3059\u3002\u5177\u4f53\u7684\u306a\u5185\u5bb9\u306f\u300c<a href=\"https:\/\/docs.google.com\/document\/d\/1JST3OWwUBa1vUxhitRTZLgkwu5GNT7UMwO9rzSwQJwM\/edit?tab=t.0#heading=h.4ej7mot4hml1\">\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u4e00\u822c\u7684\u306a\u5f71\u97ff<\/a>\u300d\u3067\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u8d77\u304d\u308b3\u3064\u306e\u539f\u56e0<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2026\/01\/img-mutual-funds05-e1774853161616-1024x496.webp\" alt=\"3\u3064\u306e\u6ce8\u610f\u70b9\" width=\"868\" height=\"420\" class=\"aligncenter wp-image-7145 size-large\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2026\/01\/img-mutual-funds05-e1774853161616-1024x496.webp 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2026\/01\/img-mutual-funds05-e1774853161616-300x145.webp 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2026\/01\/img-mutual-funds05-e1774853161616-768x372.webp 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2026\/01\/img-mutual-funds05-e1774853161616.webp 1254w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u8d77\u304d\u308b\u304a\u3082\u306a\u539f\u56e0\u306f\u3001\u5927\u304d\u304f\u6b21\u306e3\u3064\u3067\u3059\u3002<\/p>\n<ul>\n<li><a href=\"#stag08\">\u539f\u6cb9\u3001\u5929\u7136\u30ac\u30b9\u306a\u3069\u306e\u4e00\u6b21\u7523\u54c1\u306e\u7269\u4fa1\u9ad8\u9a30<\/a><\/li>\n<li><a href=\"#stag09\">\u5404\u56fd\u306e\u91d1\u878d\u653f\u7b56\u306a\u3069\u306b\u3088\u308b\u6025\u6fc0\u306a\u901a\u8ca8\u5b89<\/a><\/li>\n<li><a href=\"#stag10\">\u5186\u5b89\u306e\u5b9a\u7740\u306b\u3088\u308b\u8f38\u5165\u54c1\u4fa1\u683c\u306e\u4e0a\u6607<\/a><\/li>\n<\/ul>\n<p>\u305d\u308c\u305e\u308c\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u539f\u56e0\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u3082\u306e\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<\/p>\n<h3><a id=\"stag08\"><\/a>\u539f\u6cb9\u3001\u5929\u7136\u30ac\u30b9\u306a\u3069\u306e\u4e00\u6b21\u7523\u54c1\u306e\u7269\u4fa1\u9ad8\u9a30<\/h3>\n<p>\u539f\u6cb9\u3084\u5929\u7136\u30ac\u30b9\u306a\u3069\u306e\u8cc7\u6e90\u4fa1\u683c\u304c\u6025\u9a30\u3059\u308b\u3068\u3001\u88fd\u9020\u30fb\u7269\u6d41\u30fb\u96fb\u529b\u3092\u901a\u3058\u3066\u5e45\u5e83\u3044\u30e2\u30ce\u3084\u30b5\u30fc\u30d3\u30b9\u306e\u30b3\u30b9\u30c8\u306b\u6ce2\u53ca\u3059\u308b\u3067\u3057\u3087\u3046\u3002\u4f9b\u7d66\u30b3\u30b9\u30c8\u304c\u539f\u56e0\u3067\u7269\u4fa1\u304c\u4e0a\u304c\u308b\u3053\u306e\u73fe\u8c61\u306f\u300c\u30b3\u30b9\u30c8\u30d7\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ec\u300d\u3068\u547c\u3070\u308c\u307e\u3059\u3002<\/p>\n<p>\u30b3\u30b9\u30c8\u30d7\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ec\u3067\u306f\u3001\u7269\u4fa1\u304c\u4e0a\u304c\u3063\u3066\u3082\u6d88\u8cbb\u8005\u306e\u8cfc\u8cb7\u529b\u306f\u5897\u3048\u306a\u3044\u305f\u3081\u3001\u6d88\u8cbb\u304c\u51b7\u3048\u8fbc\u307f\u666f\u6c17\u306f\u505c\u6ede\u3057\u307e\u3059\u3002\u7269\u4fa1\u4e0a\u6607\u3068\u666f\u6c17\u505c\u6ede\u304c\u540c\u6642\u306b\u9032\u3080\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u5178\u578b\u7684\u306a\u69cb\u9020\u3067\u3059\u3002<\/p>\n<p>\u904e\u53bb\u306e\u4ee3\u8868\u4f8b\u3067\u3042\u308b1973\u5e74\u306e\u7b2c1\u6b21\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u3082\u3001\u7b2c4\u6b21\u4e2d\u6771\u6226\u4e89\u306b\u3088\u308b\u539f\u6cb9\u4f9b\u7d66\u306e\u5236\u9650\u304c\u767a\u7aef\u3067\u3057\u305f\u3002\u5f53\u6642\u3001\u308f\u305a\u304b3\u30f5\u6708\u3067\u539f\u6cb9\u4fa1\u683c\u304c\u7d044\u500d\u306b\u8df3\u306d\u4e0a\u304c\u308a\u3001\u65e5\u672c\u7d4c\u6e08\u306f\u6226\u5f8c\u521d\u306e\u30de\u30a4\u30ca\u30b9\u6210\u9577\u306b\u9665\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3><a id=\"stag09\"><\/a>\u5404\u56fd\u306e\u91d1\u878d\u653f\u7b56\u306a\u3069\u306b\u3088\u308b\u6025\u6fc0\u306a\u901a\u8ca8\u5b89<\/h3>\n<p>\u4ed6\u56fd\u3068\u306e\u91d1\u5229\u5dee\u306b\u3088\u308b\u901a\u8ca8\u5b89\uff08\u5186\u5b89\uff09\u3082\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u62db\u304f\u8981\u56e0\u306e\u4e00\u3064\u3067\u3059\u3002<\/p>\n<p>\u305f\u3068\u3048\u3070\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u3092\u9032\u3081\u308b\u4e00\u65b9\u3067\u65e5\u672c\u304c\u4f4e\u91d1\u5229\u3092\u7dad\u6301\u3059\u308b\u3068\u3001\u6295\u8cc7\u5bb6\u306f\u3088\u308a\u5229\u56de\u308a\u306e\u826f\u3044\u30c9\u30eb\u3067\u306e\u904b\u7528\u3092\u597d\u3080\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u7d50\u679c\u3001\u5186\u3092\u58f2\u3063\u3066\u30c9\u30eb\u3092\u8cb7\u3046\u52d5\u304d\u304c\u5f37\u307e\u308a\u3001\u5186\u5b89\u304c\u52a0\u901f\u3057\u3066\u3057\u307e\u3046\u3067\u3057\u3087\u3046\u3002 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id=\"stag10\"><\/a>\u5186\u5b89\u306e\u5b9a\u7740\u306b\u3088\u308b\u8f38\u5165\u54c1\u4fa1\u683c\u306e\u4e0a\u6607<\/h3>\n<p>\u5186\u5b89\u306e\u5b9a\u7740\u306f\u3001\u3042\u3089\u3086\u308b\u8f38\u5165\u54c1\u306e\u4fa1\u683c\u3092\u62bc\u3057\u4e0a\u3052\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u62db\u304d\u3084\u3059\u3044\u3067\u3059\u3002<\/p>\n<p>\u5186\u5b89\u304c\u9032\u3080\u3068\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u3084\u539f\u6750\u6599\u306e\u8f38\u5165\u30b3\u30b9\u30c8\u304c\u81a8\u308c\u4e0a\u304c\u308a\u307e\u3059\u3002\u666f\u6c17\u304c\u505c\u6ede\u3059\u308b\u4e2d\u3067\u306f\u3001\u4f01\u696d\u306f\u30b3\u30b9\u30c8\u5897\u306e\u5438\u53ce\u304c\u7cbe\u4e00\u676f\u3067\u3001\u8cc3\u91d1\u3078\u306e\u53cd\u6620\u306f\u56f0\u96e3\u3067\u3059\u3002<\/p>\n<p>\u7d50\u679c\u3068\u3057\u3066\u300c\u7d66\u6599\u306f\u5897\u3048\u306a\u3044\u306e\u306b\u7269\u4fa1\u3060\u3051\u304c\u4e0a\u304c\u308b\u300d\u3068\u3044\u3046\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u7279\u6709\u306e\u69cb\u9020\u304c\u3001\u5b9a\u7740\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3068\u304f\u306b\u65e5\u672c\u306f\u30a8\u30cd\u30eb\u30ae\u30fc\u81ea\u7d66\u7387\u304c15.3\uff05\u203b\u3068G7\u5404\u56fd\u3067\u3082\u3063\u3068\u3082\u4f4e\u3044\u3046\u3048\u3001\u767a\u96fb\u306e8\u5272\u4ee5\u4e0a\u203b\u3092\u5316\u77f3\u71c3\u6599\u306b\u4f9d\u5b58\u3057\u3066\u3044\u308b\u73fe\u72b6\u3067\u3059\u3002\u5186\u5b89\u306b\u3088\u308b\u7269\u4fa1\u9ad8\u306e\u30c0\u30e1\u30fc\u30b8\u3092\u3001\u3088\u308a\u30c0\u30a4\u30ec\u30af\u30c8\u306b\u53d7\u3051\u3084\u3059\u3044\u7acb\u5834\u306b\u3042\u308b\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n<p>\u203b\u53c2\u7167\u5143\uff1a<a href=\"https:\/\/www.enecho.meti.go.jp\/about\/whitepaper\/2025\/html\/1-2-1.html\" target=\"_blank\" rel=\"noopener\" class=\"broken_link\">\u7d4c\u6e08\u7523\u696d\u7701\u8cc7\u6e90\u30a8\u30cd\u30eb\u30ae\u30fc\u5e81\uff5c\u7b2c1\u7bc0\u65e5\u672c\u3092\u53d6\u308a\u5dfb\u304f\u8fd1\u5e74\u306e\u74b0\u5883\u5909\u5316<\/a><\/p>\n<h2>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u4e00\u822c\u7684\u306a\u5f71\u97ff<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation03-1024x683.webp\" alt=\"\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u5f71\u97ff\u306e\u30a4\u30e1\u30fc\u30b8\" width=\"868\" height=\"579\" class=\"aligncenter size-large wp-image-3575\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation03-1024x683.webp 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation03-300x200.webp 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation03-768x513.webp 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation03.webp 1254w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u8d77\u304d\u308b\u3068\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5f71\u97ff\u304c\u51fa\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"#stag05\" target=\"_blank\" rel=\"noopener\">\u5404\u5bb6\u5ead\u306e\u751f\u6d3b\u8cbb\u304c\u5897\u3048\u308b<\/a><\/li>\n<li><a href=\"#stag06\" target=\"_blank\" rel=\"noopener\">\u91d1\u878d\u8cc7\u7523\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b<\/a><\/li>\n<li><a href=\"#stag07\" target=\"_blank\" rel=\"noopener\">\u96c7\u7528\u74b0\u5883\u304c\u60aa\u5316\u3057\u3084\u3059\u304f\u306a\u308b<\/a><\/li>\n<\/ul>\n<p>\u3069\u308c\u3082\u500b\u4eba\u306e\u751f\u6d3b\u306b\u95a2\u308f\u308b\u305f\u3081\u3001\u5f71\u97ff\u306e\u4e2d\u8eab\u3092\u62bc\u3055\u3048\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3><a id=\"stag05\"><\/a>\u5404\u5bb6\u5ead\u306e\u751f\u6d3b\u8cbb\u304c\u5897\u3048\u308b<\/h3>\n<p>&nbsp;<\/p>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u4e0b\u3067\u306f\u3001\u98df\u54c1\u30fb\u5149\u71b1\u8cbb\u30fb\u30ac\u30bd\u30ea\u30f3\u306a\u3069\u751f\u6d3b\u306b\u6b20\u304b\u305b\u306a\u3044\u652f\u51fa\u304c\u5897\u52a0\u3057\u307e\u3059\u3002<\/p>\n<p>\u4ee3\u8868\u4f8b\u3067\u3042\u308b1974\u5e74\u306e\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u6642\u306b\u306f\u3001\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\u304c\u524d\u5e74\u6bd423.2\uff05\u4e0a\u6607\u203b\u3057\u307e\u3057\u305f\u3002\u4eee\u306b\u6708\u306e\u751f\u6d3b\u8cbb\u304c30\u4e07\u5186\u306e\u5bb6\u5ead\u3067\u3042\u308c\u3070\u3001\u5e74\u9593\u3067\u7d0483\u4e07\u5186\u306e\u8ca0\u62c5\u304c\u5897\u3048\u305f\u8a08\u7b97\u3067\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u5c40\u9762\u3067\u306f\u666f\u6c17\u304c\u505c\u6ede\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u7d66\u4e0e\u306f\u4e0a\u304c\u308a\u306b\u304f\u304f\u3001\u5897\u3048\u305f\u652f\u51fa\u3092\u53ce\u5165\u3067\u30ab\u30d0\u30fc\u3067\u304d\u306a\u3044\u72b6\u614b\u304c\u7d9a\u304d\u307e\u3059\u3002<\/p>\n<p style=\"text-align: center;\">\u203b<a href=\"https:\/\/www5.cao.go.jp\/j-j\/wp\/wp-je24\/h11_data05.html\">\u53c2\u7167\u5143\uff1a\u5185\u95a3\u5e9c\uff5c\u7269\u4fa1<\/a><\/p>\n<h3><a id=\"stag06\"><\/a>\u91d1\u878d\u8cc7\u7523\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b<\/h3>\n<p><strong><span class=\"f-marker-y\">\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u5c40\u9762\u3067\u306f\u3001\u4fdd\u6709\u3057\u3066\u3044\u308b\u8cc7\u7523\u306e\u300c\u5b9f\u8cea\u7684\u306a\u4fa1\u5024\u300d\u304c\u76ee\u6e1b\u308a\u3057\u304b\u306d\u307e\u305b\u3093\u3002<\/span><\/strong><\/p>\n<p>\u682a\u5f0f\u306f\u4f01\u696d\u53ce\u76ca\u306e\u60aa\u5316\u306b\u3088\u3063\u3066\u58f2\u3089\u308c\u3084\u3059\u304f\u306a\u308a\u3001\u50b5\u5238\u3082\u7269\u4fa1\u3092\u6291\u3048\u308b\u305f\u3081\u306e\u5229\u4e0a\u3052\u3067\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002\u73fe\u91d1\u3084\u9810\u91d1\u3082\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>\u305f\u3068\u3048\u3070100\u4e07\u5186\u306e\u8caf\u91d1\u304c\u3042\u3063\u3066\u3082\u3001\u7269\u4fa1\u304c\u5e742%\u4e0a\u304c\u308a\u9810\u91d1\u91d1\u5229\u304c0.3%\u3067\u3042\u308c\u3070\u30011\u5e74\u9593\u3067\u7d041.7\u4e07\u5186\u5206\u306e\u8cfc\u8cb7\u529b\u304c\u5931\u308f\u308c\u307e\u3059\u3002\u984d\u9762\u306f\u5909\u308f\u3089\u306a\u3044\u306e\u306b\u3001\u8cb7\u3048\u308b\u30e2\u30ce\u3060\u3051\u304c\u6e1b\u3063\u3066\u3044\u304f\u72b6\u614b\u3067\u3059\u3002<\/p>\n<p>\u53c2\u7167\u5143\uff1a<a href=\"https:\/\/www.stat.go.jp\/data\/cpi\/sokuhou\/tsuki\/pdf\/zenkoku.pdf\">\u7dcf\u52d9\u7701\uff5c2020\u5e74\u57fa\u6e96\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\u5168\u56fd 2026\u5e74\uff08\u4ee4\u548c\uff18\u5e74\uff09\uff11\u6708\u5206<\/a>\u3001<a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOUB184PM0Y5A211C2000000\/\">\u65e5\u672c\u7d4c\u6e08\u65b0\u805e\uff5c3\u30e1\u30ac\u9280\u3001\u666e\u901a\u9810\u91d1\u91d1\u52290.3\uff05\u306b\u65e5\u9280\u5229\u4e0a\u3052\u3067\u4e09\u83f1UFJ\u306f33\u5e74\u3076\u308a\u9ad8\u6c34\u6e96<\/a><\/p>\n<h3><a id=\"stag07\"><\/a>\u96c7\u7528\u74b0\u5883\u304c\u60aa\u5316\u3057\u3084\u3059\u304f\u306a\u308b<\/h3>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u6df1\u523b\u5316\u3059\u308b\u3068\u3001\u4f01\u696d\u306f\u30b3\u30b9\u30c8\u5897\u3068\u6d88\u8cbb\u306e\u51b7\u3048\u8fbc\u307f\u306b\u631f\u307e\u308c\u3001\u63a1\u7528\u306e\u6291\u5236\u3084\u5f85\u9047\u306e\u898b\u76f4\u3057\u306b\u52d5\u304d\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u4f01\u696d\u304c\u5012\u7523\u3059\u308c\u3070\u3001\u96c7\u7528\u81ea\u4f53\u304c\u5931\u308f\u308c\u304b\u306d\u307e\u305b\u3093\u3002<\/p>\n<p>1974\u5e74\u306e\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u6642\u306b\u3082\u3001\u4e0d\u6cc1\u4e0b\u306e\u7269\u4fa1\u9ad8\u306b\u3088\u3063\u3066\u3001\u591a\u304f\u306e\u65e5\u672c\u4f01\u696d\u306f\u53b3\u3057\u3044\u4eba\u54e1\u524a\u6e1b\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3068\u304f\u306b\u88fd\u9020\u696d\u3084\u904b\u8f38\u696d\u306f\u30a8\u30cd\u30eb\u30ae\u30fc\u30b3\u30b9\u30c8\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u304f\u3001\u5c0f\u58f2\u30fb\u98f2\u98df\u696d\u306f\u6d88\u8cbb\u8005\u306e\u7bc0\u7d04\u5fd7\u5411\u306e\u76f4\u6483\u3092\u53d7\u3051\u308b\u305f\u3081\u3001\u96c7\u7528\u306e\u8abf\u6574\u304c\u65e9\u307e\u308a\u3084\u3059\u3044\u696d\u754c\u3067\u3059\u3002<\/p>\n<p style=\"text-align: center;\">\u53c2\u8003\u5143\uff1a<a href=\"https:\/\/www.mhlw.go.jp\/toukei_hakusho\/hakusho\/roudou\/1982\/dl\/05.pdf\">\u539a\u751f\u52b4\u50cd\u7701\uff5c\u662d\u548c57\u5e74\u52b4\u50cd\u7d4c\u6e08\u306e\u5206\u6790<\/a><\/p>\n<h2><a id=\"stag01\"><\/a>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3067\u8cc7\u7523\u3092\u5b88\u308b\u305f\u3081\u500b\u4eba\u304c\u5bfe\u7b56\u3059\u3079\u304d\u3053\u3068<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation04-1024x726.webp\" alt=\"\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u5bfe\u7b56\u6cd5\u306e\u30a4\u30e1\u30fc\u30b8\" width=\"868\" height=\"615\" class=\"aligncenter size-large wp-image-3576\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation04-1024x726.webp 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation04-300x213.webp 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation04-768x545.webp 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation04.webp 1215w\" sizes=\"(max-width: 868px) 100vw, 868px\" 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class=\"f-marker-y\">\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u4e0b\u3067\u306f\u3001\u4f01\u696d\u306e\u696d\u7e3e\u60aa\u5316\u306b\u3088\u308b\u7d66\u4e0e\u6e1b\u984d\u3084\u96c7\u7528\u4e0d\u5b89\u304c\u73fe\u5b9f\u306e\u30ea\u30b9\u30af\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/strong><\/p>\n<p>\u53ce\u5165\u30921\u304b\u6240\u306b\u4f9d\u5b58\u3057\u306a\u3044\u4f53\u5236\u3092\u65e9\u3081\u306b\u4f5c\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n<p>\u526f\u696d\u30fb\u30d5\u30ea\u30fc\u30e9\u30f3\u30b9\u53ce\u5165\u306b\u52a0\u3048\u3001\u914d\u5f53\u53ce\u5165\u3084\u5bb6\u8cc3\u53ce\u5165\u306a\u3069\u300c\u52b4\u50cd\u306b\u4f9d\u5b58\u3057\u306a\u3044\u53ce\u5165\u6e90\u300d\u3092\u6301\u3064\u3053\u3068\u304c\u3001\u9577\u671f\u7684\u306a\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u5bfe\u7b56\u3068\u3057\u3066\u6709\u52b9\u3067\u3059\u3002<\/p>\n<p>\u4e0d\u666f\u6c17\u306b\u306a\u3063\u3066\u3044\u304f\u306a\u304b\u8cc7\u7523\u9632\u885b\u306e\u305f\u3081\u306b\u682a\u3092\u59cb\u3081\u305f\u3044\u30fb\u30fb\u3067\u3082\u3001\u682a\u5f0f\u6295\u8cc7\u306f\u3088\u304f\u308f\u304b\u3089\u306a\u3044\u304b\u3089\u4e0d\u5b89\u3001\u65e5\u672c\u3084\u4e16\u754c\u306e\u4f01\u696d\u306e\u4e2d\u304b\u3089\u3001\u300c\u3069\u306e\u9298\u67c4\u3092\u8cfc\u5165\u3059\u308c\u3070\u826f\u3044\u304b\u5168\u304f\u308f\u304b\u3089\u306a\u3044\u300d\u3068\u3044\u3046\u65b9\u306b\u306f\u3001<a href=\"https:\/\/www.risingbull.co.jp\/stock\/investment-advisor\">\u4fe1\u983c\u3067\u304d\u308b\u6295\u8cc7\u9867\u554f<\/a>\u306e\u5229\u7528\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/p>\n<p>\u5f53\u30b5\u30a4\u30c8\u3092\u904b\u55b6\u3059\u308b\u30e9\u30a4\u30b8\u30f3\u30b0\u30d6\u30eb\u6295\u8cc7\u9867\u554f\u306f\u3001\u682a\u306e\u300c\u58f2\u8cb7\u30b5\u30dd\u30fc\u30c8\u300d\u3092\u884c\u3063\u3066\u304a\u308a\u307e\u3059\u3002<a href=\"https:\/\/www.risingbull.co.jp\/find\/index3.html\">\u30e9\u30a4\u30b8\u30f3\u30b0\u30d6\u30eb\u306e\u58f2\u8cb7\u30b5\u30dd\u30fc\u30c8\u30b5\u30fc\u30d3\u30b9<\/a>\u306f\u30013\u30f6\u67089,000\u5186\u3067\u8cb7\u3044\u63a8\u5968\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u58f2\u5374\u3001\u9298\u67c4\u5165\u66ff\u3059\u308b\u3068\u3053\u308d\u307e\u3067\u3001\u30ea\u30b9\u30af\u7ba1\u7406\u3092\u3057\u306a\u304c\u3089\u30b5\u30dd\u30fc\u30c8\u3057\u307e\u3059\u3002<\/p>\n<h2>\u65e5\u672c\u304c\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u9665\u3063\u305f\u4e8b\u4f8b<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu06-1024x576.webp\" alt=\"\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u4e8b\u4f8b\u306e\u30a4\u30e1\u30fc\u30b8\" width=\"868\" height=\"488\" class=\"aligncenter size-large wp-image-7592\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu06-1024x576.webp 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu06-300x169.webp 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu06-768x432.webp 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu06.webp 1365w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p>\u904e\u53bb\u306b\u3042\u3063\u305f\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u3082\u306e\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>1970\u5e74\u4ee3\u306e\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\uff08\u904e\u53bb\u306e\u5178\u578b\u4e8b\u4f8b\uff09<\/h3>\n<p>&nbsp;<\/p>\n<p class=\"attention-p\">\u4e2d\u6771\u6226\u4e89\u3084\u30a4\u30e9\u30f3\u9769\u547d\u3092\u5951\u6a5f\u306b\u3001OPEC\uff08\u4e16\u754c\u77f3\u6cb9\u8f38\u51fa\u56fd\u6a5f\u69cb\uff09\u304c\u539f\u6cb9\u4fa1\u683c\u3092\u5f15\u304d\u4e0a\u3052\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u6025\u6fc0\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u4e16\u754c\u5404\u56fd\u3067\u8d77\u3053\u308a\u307e\u3057\u305f\u3002<\/p>\n<p class=\"attention-p\">\u65e5\u672c\u3067\u3082\u7269\u4fa1\u9ad8\u3068\u666f\u6c17\u60aa\u5316\u304c\u540c\u6642\u306b\u8d77\u304d\u3001\u7b2c\u4e00\u6b21\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u6642\u306b\u306f\u30c8\u30a4\u30ec\u30c3\u30c8\u30da\u30fc\u30d1\u30fc\u306e\u8cb7\u3044\u5360\u3081\u9a12\u52d5\u306a\u3069\u793e\u4f1a\u7684\u6df7\u4e71\u3082\u8d77\u3053\u308a\u307e\u3057\u305f\u3002<\/p>\n<h3>2025\u301c2026\u5e74\u306e\u65e5\u672c\uff1a\u300c\u73fe\u4ee3\u306e\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u300d\u61f8\u5ff5\u56fd<\/h3>\n<p><strong><span class=\"f-marker-y\">\u73fe\u5728\u306e\u65e5\u672c\u306f\u307e\u3055\u306b\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u61f8\u5ff5\u3055\u308c\u308b\u72b6\u6cc1\u306b\u3042\u308a\u307e\u3059\u3002<\/span><\/strong><\/p>\n<p>\u30c8\u30e9\u30f3\u30d7\u95a2\u7a0e\u306b\u3088\u308b\u8f38\u51fa\u4f01\u696d\u3078\u306e\u30c0\u30e1\u30fc\u30b8\u3068\u3001\u8f38\u5165\u30b3\u30b9\u30c8\u4e0a\u6607\u306b\u3088\u308b\u7269\u4fa1\u9ad8\u304c\u540c\u6642\u9032\u884c\u3057\u3066\u3044\u307e\u3059\u3002\u65e5\u9280\u306f\u5229\u4e0a\u3052\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u304c\u3001\u666f\u6c17\u306e\u8db3\u3092\u5f15\u3063\u5f35\u308b\u307b\u3069\u306e\u6025\u6fc0\u306a\u5f15\u304d\u7de0\u3081\u306f\u96e3\u3057\u3044\u72b6\u6cc1\u3067\u3059\u3002<\/p>\n<p>\u98df\u6599\u54c1\u3084\u5149\u71b1\u8cbb\u306e\u5024\u4e0a\u3052\u304c\u5bb6\u8a08\u3092\u76f4\u6483\u3059\u308b\u4e00\u65b9\u3001\u30c8\u30e9\u30f3\u30d7\u95a2\u7a0e\u306e\u5f71\u97ff\u3067\u65e5\u672c\u306e\u4e3b\u529b\u7523\u696d\u3067\u3042\u308b\u81ea\u52d5\u8eca\u8f38\u51fa\u306f\u6e1b\u5c11\u3057\u3066\u304a\u308a\u3001\u300c\u666f\u6c17\u306f\u60aa\u5316\u3001\u7269\u4fa1\u306f\u4e0a\u6607\u300d\u3068\u3044\u3046\u6559\u79d1\u66f8\u901a\u308a\u306e\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u7684\u69cb\u56f3\u304c\u73fe\u5b9f\u5473\u3092\u5e2f\u3073\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><i class=\"fas fa-link\"><\/i><br \/>\n<a href=\"https:\/\/www.risingbull.co.jp\/stock\/investment-recession\">\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u3068\u306f\uff1f\u304a\u91d1\u3092\u5b88\u308b\u305f\u3081\u7d76\u5bfe\u306b\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u57fa\u790e\u77e5\u8b58<\/a><\/p>\n<h2>\u30a4\u30f3\u30d5\u30ec\u3084\u30c7\u30d5\u30ec\u3068\u306e\u9055\u3044<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05-1024x668.webp\" alt=\"\u30a4\u30f3\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30c7\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u9055\u3044\" width=\"868\" height=\"566\" class=\"aligncenter size-large wp-image-7591\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05-1024x668.webp 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05-300x196.webp 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05-768x501.webp 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05-445x290.webp 445w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05-870x568.webp 870w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05-244x160.webp 244w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-imgstagfu05.webp 1267w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u4f3c\u305f\u8a00\u8449\u3068\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u30a4\u30f3\u30d5\u30ec\uff09\u3084\u30c7\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u30c7\u30d5\u30ec\uff09\u3068\u3044\u3063\u305f\u8a00\u8449\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u305e\u308c\u306e\u610f\u5473\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<h3>\u30a4\u30f3\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3<\/h3>\n<p>\n\u4f01\u696d\u306e\u58f2\u4e0a\u3084\u5229\u76ca\u304c\u5897\u3048\u308b\u3053\u3068\u3067\u5f93\u696d\u54e1\u306e\u8cc3\u91d1\u3082\u4e0a\u6607\u3057\u3066\u3044\u308b\u72b6\u614b\u3002\u597d\u666f\u6c17\u306e\u4e2d\u3067\u3001\u6d88\u8cbb\u304c\u6d3b\u767a\u306b\u306a\u308a\u3001\u7269\u4fa1\u3082\u7d99\u7d9a\u7684\u306b\u4e0a\u6607\u3057\u7d9a\u3051\u308b\u72b6\u614b\u3092\u6307\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3068\u306e\u9055\u3044\u306f\u3001\u300c\u597d\u666f\u6c17\u306e\u4e2d\u3067\u306e\u7269\u4fa1\u4e0a\u6607\u300d\u304b\u3001\u300c\u4e0d\u666f\u6c17\u306e\u4e2d\u3067\u306e\u7269\u4fa1\u4e0a\u6607\u300d\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u3053\u3068\u3092\u60aa\u3044\u30a4\u30f3\u30d5\u30ec\u3068\u8868\u73fe\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>\u30c7\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3<\/h3>\n<p>\n\u4f01\u696d\u306e\u58f2\u4e0a\u3084\u5229\u76ca\u304c\u6e1b\u5c11\u3059\u308b\u3053\u3068\u3067\u5f93\u696d\u54e1\u306e\u8cc3\u91d1\u3082\u4e0b\u843d\u3057\u3066\u3044\u308b\u72b6\u614b\u3002\u4e0d\u666f\u6c17\u306a\u306e\u3067\u6d88\u8cbb\u304c\u843d\u3061\u8fbc\u307f\u3001\u7269\u4fa1\u3082\u7d99\u7d9a\u7684\u306b\u4e0b\u843d\u3057\u3066\u3044\u304f\u72b6\u614b\u3092\u6307\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u9055\u3044\u306f\u3001\u300c\u4e0d\u666f\u6c17\u306e\u4e2d\u3067\u7269\u4fa1\u4e0a\u6607\u3059\u308b\u300d\u304b\u3001\u300c\u4e0d\u666f\u6c17\u306e\u4e2d\u3067\u7269\u4fa1\u4e0b\u843d\u3059\u308b\u300d\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u95a2\u3057\u3066\u3088\u304f\u3042\u308b\u8cea\u554f<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2025\/12\/img-etfmorebuy05-1024x602.webp\" alt=\"\u3088\u304f\u3042\u308b\u8cea\u554f\" width=\"868\" height=\"510\" class=\"aligncenter size-large wp-image-7155\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2025\/12\/img-etfmorebuy05-1024x602.webp 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2025\/12\/img-etfmorebuy05-300x176.webp 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2025\/12\/img-etfmorebuy05-768x452.webp 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2025\/12\/img-etfmorebuy05.webp 1335w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/p>\n<p>\u6700\u5f8c\u306b\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u95a2\u3059\u308b\u3088\u304f\u3042\u308b\u8cea\u554f\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p><a href=\"#stag02\" target=\"_blank\" rel=\"noopener\">1.\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u5f37\u3044\u8cc7\u7523\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/a><br \/>\n<a href=\"#stag03\" target=\"_blank\" rel=\"noopener\">2.\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u8131\u5374\u65b9\u6cd5\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/a><br \/>\n<a href=\"#stag04\" target=\"_blank\" rel=\"noopener\">3.\u65e5\u672c\u306f\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3067\u3059\u304b\uff1f<\/a><\/p>\n<h3>1.<a id=\"stag02\"><\/a>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u5f37\u3044\u8cc7\u7523\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/h3>\n<p>\n\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u5c40\u9762\u3067\u306f\u3001\u4ee5\u4e0b\u306e\u8cc7\u7523\u304c\u300c\u6bd4\u8f03\u7684\u5f37\u3044\u300d\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 26.4943%; background-color: #f2f2f2;\">\u8cc7\u7523\u306e\u7a2e\u985e<\/td>\n<td style=\"width: 72.2133%; background-color: #f2f2f2;\">\u7279\u5fb4<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 26.4943%; background-color: #e8c574;\">\u91d1\uff08\u30b4\u30fc\u30eb\u30c9\uff09<\/td>\n<td style=\"width: 72.2133%; background-color: #e8c574;\">\u901a\u8ca8\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u5c40\u9762\u3067\u3082\u4fa1\u683c\u304c\u4e0a\u304c\u308a\u3084\u3059\u3044\u50be\u5411\u304c\u3042\u308b<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 26.4943%; background-color: #e0eff7;\">\u5916\u8ca8\u5efa\u3066\u8cc7\u7523<\/td>\n<td style=\"width: 72.2133%; background-color: #e0eff7;\">\u5186\u5b89\u304c\u9032\u3080\u5c40\u9762\u3067\u3082\u3001\u5916\u8ca8\u3067\u6301\u3063\u3066\u3044\u308b\u5206\u306f\u4fa1\u5024\u304c\u4e0b\u304c\u308a\u306b\u304f\u3044<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 26.4943%; background-color: #fcf2f2;\">\u4e0d\u52d5\u7523<\/td>\n<td style=\"width: 72.2133%; background-color: #fcf2f2;\">\u7269\u4fa1\u306e\u4e0a\u6607\u306b\u9023\u52d5\u3057\u3066\u8cc7\u7523\u4fa1\u5024\u3084\u5bb6\u8cc3\u53ce\u5165\u304c\u4e0a\u304c\u308a\u3084\u3059\u3044<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u305f\u3060\u3057\u3001\u3069\u306e\u8cc7\u7523\u306b\u3082\u56fa\u6709\u306e\u30ea\u30b9\u30af\u306f\u5b58\u5728\u3057\u307e\u3059\u3002\u7279\u5b9a\u306e\u8cc7\u7523\u306b\u504f\u3089\u305b\u305a\u3001\u8907\u6570\u306e\u7a2e\u985e\u306b\u5206\u6563\u3057\u3066\u5099\u3048\u308b\u306e\u304c\u57fa\u672c\u3067\u3059\u3002<\/p>\n<h3>2.<a id=\"stag03\"><\/a>\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u8131\u5374\u65b9\u6cd5\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/h3>\n<p>\n\u904e\u53bb\u306e\u4e8b\u4f8b\u3067\u306f\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u4f9d\u5b58\u5ea6\u3092\u4e0b\u3052\u308b\u300c\u4f9b\u7d66\u529b\u306e\u5411\u4e0a\u300d\u304c\u8131\u5374\u306e\u9375\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u305f\u3060\u3057\u3001\u500b\u4eba\u30ec\u30d9\u30eb\u3067\u306f\u653f\u7b56\u3092\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>\u56fa\u5b9a\u8cbb\u306e\u898b\u76f4\u3057\u3084\u4e0d\u8981\u306a\u652f\u51fa\u306e\u524a\u6e1b\u3067\u5bb6\u8a08\u306e\u8010\u4e45\u529b\u3092\u9ad8\u3081\u3064\u3064\u3001\u8cc7\u7523\u3092\u5206\u6563\u3055\u305b\u3066\u304a\u304f\u306e\u304c\u73fe\u5b9f\u7684\u306a\u5099\u3048\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u5177\u4f53\u7684\u306a\u5bfe\u7b56\u306f\u300c\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3078\u500b\u4eba\u304c\u5bfe\u7b56\u3059\u3079\u304d\u3053\u3068\u300d\u3082\u4f75\u305b\u3066\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n<p style=\"text-align: center;\">\u53c2\u8003\u5143\uff1a<a href=\"https:\/\/www.esri.cao.go.jp\/jp\/esri\/prj\/sbubble\/history\/history_01\/analysis_01_01_02.pdf\" target=\"_blank\" rel=\"noopener\">\u7d4c\u6e08\u793e\u4f1a\u7dcf\u5408\u7814\u7a76\u6240-\u5185\u95a3\u5e9c\uff5c\u4e8c\u5ea6\u306e\u77f3\u6cb9\u5371\u6a5f\u3068\u65e5\u672c\u7d4c\u6e08\u306e\u52d5\u5411<\/a><\/p>\n<h3>3.<a id=\"stag04\"><\/a>\u65e5\u672c\u306f\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3067\u3059\u304b\uff1f<\/h3>\n<p>\n\u53b3\u5bc6\u306a\u65ad\u5b9a\u306f\u56f0\u96e3\u3067\u3059\u304c\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u8fd1\u3044\u300c\u5146\u5019\u300d\u306f\u5404\u6240\u3067\u898b\u53d7\u3051\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u5e1d\u56fd\u30c7\u30fc\u30bf\u30d0\u30f3\u30af\u306e\u8abf\u67fb\u306b\u3088\u308b\u3068\u30012025\u5e74\u306e\u7269\u4fa1\u9ad8\u5012\u7523\u203b1\u306f5\u5e74\u9023\u7d9a\u3067\u904e\u53bb\u6700\u591a\u203b2\u3092\u8a18\u9332\u3057\u3001\u5b8c\u5168\u5931\u696d\u7387\u3082\u4e0a\u6607\u203b3\u306b\u8ee2\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5927\u304d\u304f\u7d66\u4e0e\u304c\u4e0a\u304c\u3089\u306a\u3044\u306a\u304b\u3001\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\u306f\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u3066\u3044\u308b\u73fe\u72b6\uff082026\u5e743\u670818\u65e5\u6642\u70b9\uff09\u3092\u9451\u307f\u308c\u3070\u3001\u7269\u4fa1\u9ad8\u304c\u666f\u6c17\u3092\u4e0b\u62bc\u3057\u3059\u308b\u61f8\u5ff5\u306f\u62ed\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>\u65e5\u9280\u306f\u300c\u666f\u6c17\u306f\u7de9\u3084\u304b\u306b\u56de\u5fa9\u3057\u3066\u3044\u308b\u300d\u3068\u8a55\u4fa1\u3057\u3066\u3044\u307e\u3059\u304c\u203b4\u3001\u4e0a\u8a18\u306e\u70b9\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u63a5\u8fd1\u306f\u5426\u5b9a\u3067\u304d\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u203b1\uff09\u539f\u6750\u6599\u9ad8\u3084\u4eba\u4ef6\u8cbb\u9ad8\u9a30\u306b\u8010\u3048\u304d\u308c\u305a\u5012\u7523\u3057\u305f\u6570\u3001&gt;\u203b2\uff09\u53c2\u7167\u5143\uff1a<a href=\"https:\/\/www.tdb.co.jp\/report\/economic\/20260114-bukkadaka2025\/\">\u5e1d\u56fd\u30c7\u30fc\u30bf\u30d0\u30f3\u30af\uff5c\u300c\u7269\u4fa1\u9ad8\u300d\u5012\u7523\u52d5\u5411\u8abf\u67fb\uff082025\u5e74\uff09\u3001<\/a>\u203b3\uff09\u53c2\u7167\u5143\uff1a<a href=\"https:\/\/www.stat.go.jp\/data\/roudou\/sokuhou\/tsuki\/index.html\">\u7dcf\u52d9\u7701\uff5c\u52b4\u50cd\u529b\u8abf\u67fb\uff08\u57fa\u672c\u96c6\u8a08\uff092026\u5e74\uff08\u4ee4\u548c8\u5e74\uff091\u6708\u5206\u7d50\u679c\u3001<\/a>4\uff09\u53c2\u8003\u5143\uff1a<a href=\"https:\/\/www.boj.or.jp\/mopo\/mpmdeci\/mpr_2026\/k260319a.pdf\">\u65e5\u672c\u9280\u884c\uff5c\u5f53\u9762\u306e\u91d1\u878d\u653f\u7b56\u904b\u55b6\u306b\u3064\u3044\u3066<\/a><\/p>\n<div class=\"attention a-2\">\n<p><strong>\u76f8\u5834\u304c\u5927\u304d\u304f\u4e0b\u843d\u3057\u3066\u3044\u308b\u3068\u304d\u3053\u305d\u3001\u58f2\u5374\u6642\u306e\u5224\u65ad\u304c\u91cd\u8981\u3067\u3059\u3002<\/strong><br \/>\n\u682a\u5f0f\u6295\u8cc7\u3067\u306f\u3001\u76f8\u5834\u304c\u5927\u304d\u304f\u4e0b\u843d\u3059\u308b\u3068\u4e0d\u5b89\u304c\u5f37\u304f\u306a\u308a\u3001\u7126\u3063\u3066\u58f2\u5374\u3057\u3066\u3057\u307e\u3063\u305f\u308a\u3001\u53cd\u5bfe\u306b\u6839\u62e0\u304c\u306a\u3044\u307e\u307e\u8cb7\u3044\u5897\u3057\u3057\u3066\u3057\u307e\u3063\u305f\u308a\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<br \/>\n\u305d\u306e\u305f\u3081\u3001\u66b4\u843d\u6642\u306b\u8cc7\u7523\u5f62\u6210\u3092\u8003\u3048\u308b\u5834\u5408\u306f\u3001\u76ee\u5148\u306e\u5024\u52d5\u304d\u3060\u3051\u3067\u5224\u65ad\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u4fdd\u6709\u3092\u7d9a\u3051\u308b\u304b\u898b\u76f4\u3059\u304b\u3001\u3069\u306e\u9298\u67c4\u3092\u6b8b\u3059\u304b\u307e\u3067\u542b\u3081\u3066\u8003\u3048\u308b\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001<br 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target=\"_blank\" rel=\"noopener\">\u58f2\u8cb7\u30b5\u30dd\u30fc\u30c8\u30b5\u30fc\u30d3\u30b9\u3092\u898b\u308b<\/a><\/p>\n<\/div>\n<h2>\u307e\u3068\u3081\uff1a\u652f\u51fa\u306e\u898b\u76f4\u3057\u3068\u8cc7\u7523\u306e\u5206\u6563\u3067\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u5099\u3048\u3088\u3046<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation05-1024x683.webp\" alt=\"\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u30a4\u30e1\u30fc\u30b8\" width=\"868\" height=\"579\" class=\"aligncenter size-large wp-image-3577\" srcset=\"https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation05-1024x683.webp 1024w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation05-300x200.webp 300w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation05-768x512.webp 768w, https:\/\/www.risingbull.co.jp\/stock\/wp-content\/uploads\/2024\/06\/img-stagflation05.webp 1254w\" sizes=\"(max-width: 868px) 100vw, 868px\" 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\/>\n\u203b\u8a18\u8f09\u306e\u30c7\u30fc\u30bf\u7b49\u306f2026\u5e743\u670823\u65e5\u6642\u70b9\u306e\u3082\u306e\u3067\u3059\u3002\u6700\u65b0\u60c5\u5831\u306f\u5404\u4f01\u696d\u306eIR\u8cc7\u6599\u7b49\u3067\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u300c\u7269\u4fa1\u306f\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u306b\u3001\u666f\u6c17\u304c\u826f\u304f\u306a\u3063\u305f\u5b9f\u611f\u304c\u306a\u3044&#8230;&#8230;\u300d\u3068\u611f\u3058\u3066\u3044\u308b\u65b9\u306f\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u30022026\u5e743\u6708\u73fe\u5728\u3001\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\u306f\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u3001\u98df\u54c1\u3084\u5149\u71b1\u8cbb\u306e\u5024\u4e0a\u304c\u308a\u3082\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002 \u4e00\u65b9 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"acf":[],"_links":{"self":[{"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/posts\/3562"}],"collection":[{"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/comments?post=3562"}],"version-history":[{"count":13,"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/posts\/3562\/revisions"}],"predecessor-version":[{"id":7810,"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/posts\/3562\/revisions\/7810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/media\/3573"}],"wp:attachment":[{"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/media?parent=3562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.risingbull.co.jp\/stock\/wp-json\/wp\/v2\/categories?post=3562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}