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CPM\u30b0\u30eb\u30fc\u30d7\u306f\u3001\u73fe\u5728\u306e\u4e16\u754c\u7684\u30ea\u30b9\u30af\u74b0\u5883\u3092\u300c1941\u5e7412\u6708\u4ee5\u6765\u6700\u9ad8\u300d\u3068\u8a55\u3057\u3066\u3044\u308b\u3002\u30ed\u30b7\u30a2\u30fb\u30a6\u30af\u30e9\u30a4\u30ca\u7d1b\u4e89\u306e\u9577\u671f\u5316\u3001\u4e2d\u6771\u306e\u7dca\u5f35\u3001\u7c73\u4e2d\u8cbf\u6613\u6469\u64e6\u3001\u305d\u3057\u3066\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u306b\u3088\u308b\u4e0d\u78ba\u5b9f\u6027\u304c\u3001\u91d1\u306e\u5b89\u5168\u8cc7\u7523\u9700\u8981\u3092\u9ad8\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

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ETF\u30d5\u30ed\u30fc\uff1a\u6b74\u53f2\u7684\u306a\u8cc7\u91d1\u6d41\u5165\u306e\u8ee2\u63db<\/h3>\n\n\n\n

\u6700\u3082\u5287\u7684\u306a\u5909\u5316\u306f\u3001\u91d1ETF\u3078\u306e\u8cc7\u91d1\u6d41\u5165\u306e\u56de\u5fa9<\/strong>\u3067\u3042\u308b\u30022020\u5e7411\u6708\u304b\u30892024\u5e745\u6708\u307e\u3067930\u30c8\u30f3\u306e\u7d14\u6d41\u51fa\u304c\u7d9a\u3044\u3066\u3044\u305f\u304c\u30012024\u5e74\u306b\u6d41\u308c\u304c\u5909\u308f\u3063\u305f\u3002<\/p>\n\n\n\n

2025\u5e74\u306f\u8a18\u9332\u7684\u306aETF\u6d41\u5165\u3092\u8a18\u9332\u3057\u3066\u3044\u308b\u3002\u7b2c1\u56db\u534a\u671f\u306b\u306f226\u30c8\u30f3\uff08210\u5104\u30c9\u30eb\uff09\u3001\u7b2c2\u56db\u534a\u671f\u306b\u306f171\u30c8\u30f3\uff08260\u5104\u30c9\u30eb\uff09\u3001\u305d\u3057\u3066\u7b2c3\u56db\u534a\u671f\u306b\u306f\u8a18\u9332\u7684\u306a260\u5104\u30c9\u30eb<\/strong>\u304c\u6d41\u5165\u3057\u305f\u30029\u6708\u5358\u6708\u306e\u6d41\u5165\u306f\u53f2\u4e0a\u6700\u5927\u3068\u306a\u3063\u305f\u30022025\u5e749\u6708\u672b\u6642\u70b9\u3067ETF\u306e\u4fdd\u6709\u91cf\u306f3,838\u30c8\u30f3\u306b\u9054\u3057\u30012020\u5e7411\u6708\u306e\u30d4\u30fc\u30af3,929\u30c8\u30f3\u307e\u3067\u3042\u30682%\u306b\u8feb\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u5730\u57df\u5225\u3067\u306f\u3001\u5317\u7c73\u304c\u6700\u5927\u306e\u727d\u5f15\u5f79\u3068\u306a\u308a\u3001\u7b2c3\u56db\u534a\u671f\u3060\u3051\u3067161\u5104\u30c9\u30eb\u304c\u6d41\u5165\u3057\u305f\u3002\u7c73\u56fd\u306e\u30d5\u30a1\u30f3\u30c9\uff08GLD\u3001IAU\u3001GLDM\u3001SGOL\uff09\u304c2025\u5e74\u4e0a\u534a\u671f\u306e\u6d41\u5165\u306e88%\u3092\u5360\u3081\u3066\u3044\u308b\u3002\u6b27\u5dde\u3082\u7b2c3\u56db\u534a\u671f\u306b82\u5104\u30c9\u30eb\u3068\u53f2\u4e0a2\u756a\u76ee\u306b\u5f37\u3044\u56db\u534a\u671f\u3092\u8a18\u9332\u3057\u3001\u82f1\u56fd\u3001\u30b9\u30a4\u30b9\u3001\u30c9\u30a4\u30c4\u304c\u9700\u8981\u3092\u727d\u5f15\u3057\u305f\u3002<\/p>\n\n\n\n

\u30a2\u30b8\u30a2\u3067\u306f\u3001\u65e5\u672c\u304c7\u30f6\u6708\u9023\u7d9a\u3067\u6d41\u5165\u3092\u8a18\u9332\uff084\u6708\u307e\u3067\uff09\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u3068\u5186\u5b89\u304c\u9700\u8981\u3092\u652f\u3048\u3066\u3044\u308b\u3002\u4e2d\u56fd\u3082\u5e74\u521d\u306f\u6d41\u5165\u304c\u7d9a\u3044\u305f\u304c\u30018\u6708\u306b\u306f\u682a\u5f0f\u5e02\u5834\u306e\u597d\u8abf\uff08CSI300\u304c10%\u4e0a\u6607\uff09\u306b\u3088\u308a\u4e00\u90e8\u306e\u8cc7\u91d1\u304c\u682a\u5f0f\u306b\u6d41\u308c\u305f\u3002<\/p>\n\n\n\n

2025-2027\u5e74\u306e\u4fa1\u683c\u4e88\u6e2c\uff1a\u4e3b\u8981\u91d1\u878d\u6a5f\u95a2\u306e\u898b\u89e3<\/h2>\n\n\n\n

\u6700\u3082\u5f37\u6c17\u306a\u4e88\u6e2c\uff1a\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9<\/h3>\n\n\n\n

\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306f\u6700\u3082\u697d\u89b3\u7684\u306a\u898b\u901a\u3057\u3092\u63d0\u793a\u3057\u3066\u3044\u308b\u30022025\u5e74\u672b\u306b3,700\u30c9\u30eb\/\u30aa\u30f3\u30b9<\/strong>\uff08\u5f53\u521d\u306e3,100\u30c9\u30eb\u304b\u3089\u4e0a\u65b9\u4fee\u6b63\uff09\u30012026\u5e74\u534a\u3070\u306b4,000\u30c9\u30eb<\/strong>\u3001\u305d\u3057\u30662026\u5e7412\u6708\u306b\u306f4,900\u30c9\u30eb<\/strong>\u306b\u9054\u3059\u308b\u3068\u4e88\u6e2c\u3057\u3066\u3044\u308b\u3002\u3055\u3089\u306b\u3001FRB\u306e\u72ec\u7acb\u6027\u306b\u61f8\u5ff5\u304c\u751f\u3058\u305f\u308a\u3001\u7c73\u56fd\u50b5\u5e02\u5834\u304b\u30891%\u306e\u8cc7\u91d1\u304c\u91d1\u306b\u6d41\u5165\u3057\u305f\u308a\u3059\u308c\u3070\u30015,000\u30c9\u30eb\u8d85<\/strong>\u3082\u8996\u91ce\u306b\u5165\u308b\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u540c\u793e\u306e\u4e88\u6e2c\u306f\u3001\u4e2d\u592e\u9280\u884c\u304c2025\u5e74\u306b\u6708\u959380\u30c8\u30f3\u30012026\u5e74\u306b\u6708\u959370\u30c8\u30f3\u306e\u8cfc\u5165\u3092\u7d99\u7d9a\u3057\u3001FRB\u306e\u5229\u4e0b\u3052\u304cETF\u9700\u8981\u3092\u62bc\u3057\u4e0a\u3052\u308b\u3068\u3044\u3046\u524d\u63d0\u306b\u57fa\u3065\u3044\u3066\u3044\u308b\u3002\u65b0\u8208\u5e02\u5834\u306e\u4e2d\u592e\u9280\u884c\u304c\u4f9d\u7136\u3068\u3057\u3066\u91d1\u3092\u300c\u5927\u5e45\u306b\u4fdd\u6709\u4e0d\u8db3\u300d\u3067\u3042\u308b\u3053\u3068\u3082\u3001\u69cb\u9020\u7684\u306a\u9700\u8981\u8981\u56e0\u3068\u3057\u3066\u6319\u3052\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

JP\u30e2\u30eb\u30ac\u30f3\uff1a\u6bb5\u968e\u7684\u306a\u4e0a\u6607\u3092\u4e88\u60f3<\/h3>\n\n\n\n

JP\u30e2\u30eb\u30ac\u30f3\u306f\u30012025\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u5e73\u5747\u4fa1\u683c\u30923,675\u30c9\u30eb\/\u30aa\u30f3\u30b9<\/strong>\u30012026\u5e74\u7b2c2\u56db\u534a\u671f\u306b\u306f4,000\u30c9\u30eb<\/strong>\u306b\u9054\u3059\u308b\u3068\u4e88\u6e2c\u3057\u3066\u3044\u308b\u3002\u540c\u793e\u306f\u3001\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u5e74\u9593900\u30c8\u30f3\u306e\u8cfc\u5165\u304c\u7d99\u7d9a\u3057\u3001\u6295\u8cc7\u5bb6\u3068\u4e2d\u592e\u9280\u884c\u3092\u5408\u308f\u305b\u305f\u9700\u8981\u304c\u56db\u534a\u671f\u3042\u305f\u308a710\u30c8\u30f3\u306e\u7d14\u5897\u3068\u306a\u308b\u3068\u898b\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p>\n\n\n\n

JP\u30e2\u30eb\u30ac\u30f3\u306f\u3001\u91d1\u304c\u300c\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3001\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u3001\u901a\u8ca8\u4fa1\u5024\u4e0b\u843d\u30ea\u30b9\u30af\u306e\u72ec\u7279\u306a\u7d44\u307f\u5408\u308f\u305b\u306b\u5bfe\u3059\u308b\u6700\u3082\u6700\u9069\u306a\u30d8\u30c3\u30b8\u306e\u4e00\u3064\u300d\u3067\u3042\u308b\u3068\u5f37\u8abf\u3057\u3001\u300c\u30ea\u30b9\u30af\u306f\u4e88\u6e2c\u306e\u65e9\u671f\u8d85\u904e\u306b\u50be\u3044\u3066\u3044\u308b\u300d\u3068\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\uff1a5,000\u30c9\u30eb\u306e\u30d4\u30fc\u30af\u30b7\u30ca\u30ea\u30aa<\/h3>\n\n\n\n

\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\u306f\u975e\u5e38\u306b\u5f37\u6c17\u3067\u30012026\u5e74\u306e\u5e73\u5747\u30923,350\u30c9\u30eb<\/strong>\u304b\u30894,400\u30c9\u30eb<\/strong>\u306b\u4e0a\u65b9\u4fee\u6b63\u3057\u3001\u30d4\u30fc\u30af\u3067\u306f5,000\u30c9\u30eb<\/strong>\u306b\u9054\u3059\u308b\u53ef\u80fd\u6027\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u30022027\u5e74\u306f3,500\u30c9\u30eb\u3068\u4e88\u6e2c\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u540c\u793e\u306e\u5f37\u6c17\u898b\u901a\u3057\u306f\u30012026\u5e74\u306e\u6295\u8cc7\u9700\u8981\u304c14%\u6210\u9577\u3057\u3001\u4e2d\u592e\u9280\u884c\u304c\u91d1\u6e96\u5099\u306e\u6bd4\u7387\u3092\u73fe\u5728\u306e10%\u304b\u308930%\u8d85\u306b\u5f15\u304d\u4e0a\u3052\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3044\u3046\u5206\u6790\u306b\u57fa\u3065\u3044\u3066\u3044\u308b\u3002\u307e\u305f\u3001\u6295\u8cc7\u9700\u8981\u304c10%\u5897\u52a0\u3059\u308c\u3070\u30012\u5e74\u4ee5\u5185\u306b\u91d1\u4fa1\u683c\u306f3,500\u30c9\u30eb\u306b\u5230\u9054\u3059\u308b\u3068\u8a08\u7b97\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

UBS\u3001\u30c9\u30a4\u30c4\u9280\u884c\u3001\u30b3\u30e1\u30eb\u30c4\u9280\u884c\u306e\u898b\u89e3<\/h3>\n\n\n\n

UBS<\/strong>\u306f2025\u5e74\u672b\u306b3,800\u30c9\u30eb<\/strong>\u30012026\u5e74\u534a\u3070\u306b3,900\u30c9\u30eb<\/strong>\u3001\u9577\u671f\u7684\u306b\u306f4,200\u30c9\u30eb<\/strong>\u3092\u76ee\u6a19\u3068\u3057\u3066\u3044\u308b\u3002\u4e2d\u592e\u9280\u884c\u306e\u8cfc\u5165\u304c1,000\u30c8\u30f3\u306b\u9054\u3057\u3001ETF\u306e\u7d14\u8cb7\u3044\u304c450\u30c8\u30f3\u306b\u5897\u52a0\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u30c9\u30a4\u30c4\u9280\u884c<\/strong>\u306f2026\u5e74\u306e\u5e73\u5747\u30924,000\u30c9\u30eb<\/strong>\u306b\u4e0a\u65b9\u4fee\u6b63\u3057\uff08\u5f53\u521d\u306e3,700\u30c9\u30eb\u304b\u3089\uff09\u3001\u7b2c4\u56db\u534a\u671f\u306b\u306f4,300\u30c9\u30eb<\/strong>\u306b\u9054\u3059\u308b\u3068\u4e88\u6e2c\u3057\u3066\u3044\u308b\u3002\u516c\u7684\u30bb\u30af\u30bf\u30fc\u306e\u91d1\u9700\u8981\u304c10\u5e74\u5e73\u5747\u306e2\u500d\u3067\u63a8\u79fb\u3057\u3001\u30ea\u30b5\u30a4\u30af\u30eb\u91d1\u306e\u4f9b\u7d66\u304c\u4e88\u60f3\u30924%\u4e0b\u56de\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u30b3\u30e1\u30eb\u30c4\u9280\u884c<\/strong>\u306f\u30012025\u5e74\u672b\u306b3,600\u30c9\u30eb<\/strong>\u30012026\u5e74\u672b\u306b\u306f3,800-4,200\u30c9\u30eb<\/strong>\u306e\u30ec\u30f3\u30b8\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002FRB\u304c2025\u5e74\u306e\u6b8b\u308a\u671f\u9593\u306b75\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u30012026\u5e74\u306b125\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u5229\u4e0b\u3052\u3092\u5b9f\u65bd\u3059\u308b\u3068\u3044\u3046\u524d\u63d0\u306b\u57fa\u3065\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

LBMA\u5e74\u6b21\u8cb4\u91d1\u5c5e\u4e88\u6e2c\u8abf\u67fb\u306e\u7d50\u679c<\/h3>\n\n\n\n

\u30ed\u30f3\u30c9\u30f3\u8cb4\u91d1\u5c5e\u5e02\u5834\u5354\u4f1a\uff08LBMA\uff09\u306e\u5e74\u6b21\u8abf\u67fb\u3067\u306f\u30012025\u5e741\u6708\u6642\u70b9\u306730\u4eba\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u5e73\u57472,735.33\u30c9\u30eb<\/strong>\u3092\u4e88\u6e2c\u3057\u3066\u3044\u305f\u3002\u3057\u304b\u3057\u3001\u5b9f\u969b\u306e\u4fa1\u683c\u304c\u3053\u308c\u3092\u5927\u5e45\u306b\u4e0a\u56de\u3063\u305f\u305f\u3081\u30017\u6708\u306e\u4e2d\u9593\u898b\u76f4\u3057\u3067\u306f13\u4eba\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u4e88\u6e2c\u309215.49%\u5f15\u304d\u4e0a\u3052\u3001\u65b0\u305f\u306a\u5e73\u5747\u306f3,159\u30c9\u30eb<\/strong>\u3068\u306a\u3063\u305f\u3002\u5e74\u672b\u4e88\u6e2c\u306f3,324.40\u30c9\u30eb<\/strong>\u3001\u30ec\u30f3\u30b8\u306f3,200-4,000\u30c9\u30eb\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u4e88\u6e2c\u306e\u307e\u3068\u3081<\/h3>\n\n\n\n

2025\u5e74\u672b\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9<\/strong>\uff1a3,500-3,800\u30c9\u30eb\/\u30aa\u30f3\u30b9<\/p>\n\n\n\n

    \n
  • \u6700\u4f4e\u4e88\u6e2c\uff1a3,100\u30c9\u30eb\uff08\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306e\u30d9\u30fc\u30b9\u30b1\u30fc\u30b9\uff09<\/li>\n\n\n\n
  • \u6700\u9ad8\u4e88\u6e2c\uff1a3,800\u30c9\u30eb\uff08ANZ\u3001UBS\uff09<\/li>\n\n\n\n
  • \u4e2d\u592e\u5024\uff1a\u7d043,600\u30c9\u30eb<\/li>\n<\/ul>\n\n\n\n

    2026\u5e74\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9<\/strong>\uff1a3,800-4,300\u30c9\u30eb\/\u30aa\u30f3\u30b9<\/p>\n\n\n\n

      \n
    • \u6700\u4f4e\u4e88\u6e2c\uff1a2,450\u30c9\u30eb\uff08\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u3001\u3088\u308a\u4fdd\u5b88\u7684\uff09<\/li>\n\n\n\n
    • \u6700\u9ad8\u4e88\u6e2c\uff1a5,000\u30c9\u30eb\uff08\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\u306e\u30d4\u30fc\u30af\uff09\u30014,900\u30c9\u30eb\uff08\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\uff09<\/li>\n\n\n\n
    • \u4e2d\u592e\u5024\uff1a\u7d044,000\u30c9\u30eb<\/li>\n<\/ul>\n\n\n\n

      2027\u5e74\u306e\u9650\u5b9a\u7684\u306a\u4e88\u6e2c<\/strong>\uff1a3,500-3,600\u30c9\u30eb\/\u30aa\u30f3\u30b9<\/p>\n\n\n\n

        \n
      • HSBC\uff1a3,600\u30c9\u30eb<\/li>\n\n\n\n
      • \u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\uff1a3,500\u30c9\u30eb<\/li>\n\n\n\n
      • \u9577\u671f\u4e88\u6e2c\u3067\u306f2027-2028\u5e74\u306b4,500-5,000\u30c9\u30eb\u306e\u53ef\u80fd\u6027\u3082<\/li>\n<\/ul>\n\n\n\n

        \u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u5411\u3051\uff1a\u5186\u5efa\u3066\u4fa1\u683c\u3068\u6295\u8cc7\u6226\u7565<\/h2>\n\n\n\n

        \u5186\u5efa\u3066\u4fa1\u683c\u306e\u898b\u901a\u3057<\/h3>\n\n\n\n

        \u5186\u5efa\u3066\u306e\u91d1\u4fa1\u683c\u306f\u3001\u30c9\u30eb\u5efa\u3066\u91d1\u4fa1\u683c<\/strong>\u3068USD\/JPY\u70ba\u66ff\u30ec\u30fc\u30c8<\/strong>\u306e2\u3064\u306e\u8981\u56e0\u306b\u5de6\u53f3\u3055\u308c\u308b\u3002\u4e3b\u8981\u6a5f\u95a2\u306e\u70ba\u66ff\u4e88\u6e2c\u306f\u30012025\u5e74\u672b\u3067145-165\u5186\u306e\u30ec\u30f3\u30b8\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

        2025\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u4e88\u60f3\u30ec\u30f3\u30b8<\/strong>\uff1a<\/p>\n\n\n\n

          \n
        • \u30c9\u30eb\u5efa\u3066\u91d1\u4fa1\u683c\uff1a3,675-3,800\u30c9\u30eb\/\u30aa\u30f3\u30b9<\/li>\n\n\n\n
        • USD\/JPY\uff1a145-165\u5186<\/li>\n\n\n\n
        • \u5186\u5efa\u3066\u4fa1\u683c\uff1a\u7d0460\u4e07-80\u4e07\u5186\/\u30c8\u30ed\u30a4\u30aa\u30f3\u30b9<\/strong>\uff0819,300-25,700\u5186\/\u30b0\u30e9\u30e0\uff09<\/li>\n<\/ul>\n\n\n\n

          2026\u5e74\u534a\u3070\u306e\u4e88\u60f3\u30ec\u30f3\u30b8<\/strong>\uff1a<\/p>\n\n\n\n

            \n
          • \u30c9\u30eb\u5efa\u3066\u91d1\u4fa1\u683c\uff1a4,000\u30c9\u30eb\/\u30aa\u30f3\u30b9<\/li>\n\n\n\n
          • USD\/JPY\uff1a145-160\u5186<\/li>\n\n\n\n
          • \u5186\u5efa\u3066\u4fa1\u683c\uff1a\u7d0490\u4e07\u5186\/\u30c8\u30ed\u30a4\u30aa\u30f3\u30b9\u3092\u8d85\u3048\u308b\u53ef\u80fd\u6027<\/strong><\/li>\n<\/ul>\n\n\n\n

            \u91cd\u8981\u306a\u306e\u306f\u3001\u5186\u5b89\u304c\u5186\u5efa\u3066\u91d1\u4fa1\u683c\u3092\u5897\u5e45\u3055\u305b\u308b\u3053\u3068\u3060\u3002\u4f8b\u3048\u3070\u3001\u91d1\u304c3,675\u30c9\u30eb\/\u30aa\u30f3\u30b9\u3067\u3001USD\/JPY\u304c150\u5186\u306a\u3089\u91d1\u4fa1\u683c\u306f55.1\u4e07\u5186\/\u30aa\u30f3\u30b9\u3060\u304c\u3001165\u5186\u306a\u308960.6\u4e07\u5186\/\u30aa\u30f3\u30b9\u3068\u306a\u308b\u300210%\u306e\u5186\u5b89\u306f\u3001\u30c9\u30eb\u5efa\u3066\u91d1\u4fa1\u683c\u304c\u6a2a\u3070\u3044\u3067\u3082\u5186\u5efa\u3066\u4fa1\u683c\u309210%\u62bc\u3057\u4e0a\u3052\u308b\u3002<\/p>\n\n\n\n

            \u65e5\u9280\u653f\u7b56\u306e\u5f71\u97ff<\/h3>\n\n\n\n

            \u65e5\u672c\u9280\u884c\u306f2024\u5e743\u6708\u306b\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u653f\u7b56\u3092\u7d42\u4e86\u3057\u3001\u305d\u306e\u5f8c3\u56de\u306e\u5229\u4e0a\u3052\u3067\u653f\u7b56\u91d1\u5229\u30920.50%\u307e\u3067\u5f15\u304d\u4e0a\u3052\u305f\u3002\u5e02\u5834\u306f2025\u5e74\u672b\u307e\u3067\u306b1%\u3078\u306e\u5229\u4e0a\u3052\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

            \u91d1\u3078\u306e\u5f71\u97ff<\/strong>\uff1a<\/p>\n\n\n\n

              \n
            • \u5229\u4e0a\u3052<\/strong>\uff08\u91d1\u306b\u5bfe\u3057\u3066\u3084\u3084\u5f31\u6c17\uff09\uff1a\u9ad8\u91d1\u5229\u306f\u91d1\u306e\u9b45\u529b\u3092\u6e1b\u3058\u308b\u304c\u3001\u5b9f\u8cea\u91d1\u5229\u304c\u4f9d\u7136\u3068\u3057\u3066\u30de\u30a4\u30ca\u30b9\uff08CPI 3.4% vs \u653f\u7b56\u91d1\u52290.5%\uff09\u3067\u3042\u308b\u305f\u3081\u3001\u5f71\u97ff\u306f\u9650\u5b9a\u7684<\/li>\n\n\n\n
            • \u5186\u9ad8\u306e\u53ef\u80fd\u6027<\/strong>\uff08\u5186\u5efa\u3066\u91d1\u4fa1\u683c\u306b\u5bfe\u3057\u3066\u5f31\u6c17\uff09\uff1a\u653f\u7b56\u5f15\u304d\u7de0\u3081\u306f\u5186\u3092\u5f37\u304f\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u5186\u5efa\u3066\u91d1\u4fa1\u683c\u3092\u62bc\u3057\u4e0b\u3052\u308b<\/li>\n\n\n\n
            • \u50b5\u5238\u5e02\u5834\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3<\/strong>\uff08\u91d1\u306b\u5bfe\u3057\u3066\u5f37\u6c17\uff09\uff1aJGB\u5229\u56de\u308a\u304c\u4e0a\u6607\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u3068\u6210\u9577\u306e\u61f8\u5ff5\u304c\u4ea4\u932f\u3059\u308b\u4e2d\u3001\u91d1\u306f\u4ee3\u66ff\u7684\u306a\u5206\u6563\u6295\u8cc7\u5148\u3068\u3057\u3066\u6a5f\u80fd<\/li>\n<\/ul>\n\n\n\n

              \u305f\u3060\u3057\u3001\u65e5\u9280\u306f\u614e\u91cd\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u53d6\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u304a\u308a\u3001\u6025\u6fc0\u306a\u653f\u7b56\u8ee2\u63db\u306f\u907f\u3051\u3089\u308c\u308b\u898b\u8fbc\u307f\u3060\u3002\u30ef\u30fc\u30eb\u30c9\u30b4\u30fc\u30eb\u30c9\u30ab\u30a6\u30f3\u30b7\u30eb\u306e\u5206\u6790\u3067\u306f\u3001\u65e5\u9280\u306e\u614e\u91cd\u306a\u30b9\u30bf\u30f3\u30b9\u306f\u300c\u30a4\u30f3\u30d5\u30ec\u304c\u4e0a\u6607\u3059\u308b\u4e00\u65b9\u3067\u6210\u9577\u304c\u8ab2\u984c\u306b\u76f4\u9762\u3057\u3066\u3044\u308b\u300d\u3053\u3068\u3092\u610f\u5473\u3057\u3001\u5b89\u5168\u8cc7\u7523\u304a\u3088\u3073\u30a4\u30f3\u30d5\u30ec\u30d8\u30c3\u30b8\u3068\u3057\u3066\u306e\u91d1\u306b\u3068\u3063\u3066\u652f\u63f4\u7684\u306a\u74b0\u5883\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

              \u65e5\u672c\u5e02\u5834\u306e\u6295\u8cc7\u6a5f\u4f1a\u3068\u8ab2\u984c<\/h3>\n\n\n\n

              \u30ef\u30fc\u30eb\u30c9\u30b4\u30fc\u30eb\u30c9\u30ab\u30a6\u30f3\u30b7\u30eb\u306e\u8abf\u67fb\u306b\u3088\u308c\u3070\u3001\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306e\u308f\u305a\u304b23-28%\u3057\u304b\u91d1\u3092\u4fdd\u6709\u3057\u3066\u3044\u306a\u3044<\/strong>\u3002\u3053\u308c\u306f\u5927\u304d\u306a\u6210\u9577\u4f59\u5730\u3092\u793a\u3057\u3066\u3044\u308b\u30022025\u5e74\u7b2c1\u56db\u534a\u671f\u6642\u70b9\u3067\u3001\u65e5\u672c\u306e\u5bb6\u8a08\u91d1\u878d\u8cc7\u7523\u306f**2,195\u5146\u5186\uff08\u7d0415\u5146\u30c9\u30eb\uff09**\u306b\u9054\u3057\u3066\u304a\u308a\u3001\u305d\u306e\u6f5c\u5728\u529b\u306f\u81a8\u5927\u3060\u3002<\/p>\n\n\n\n

              \u91d1\u4fdd\u6709\u8005\u306e\u4e2d\u3067\u3082\u3001\u5178\u578b\u7684\u306a\u914d\u5206\u306f**\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e1-10%**\u306b\u904e\u304e\u306a\u3044\u3002\u8cc7\u75232,000\u4e07\u5186\u4ee5\u4e0a\u306e\u5bcc\u88d5\u5c64\u3067\u306f36%\u304c\u91d1\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u304c\u3001\u5168\u4f53\u3067\u306f23%\u306b\u3068\u3069\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

              \u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u304c\u91d1\u3092\u8cfc\u5165\u3059\u308b\u4e3b\u306a\u7406\u7531<\/strong>\uff1a<\/p>\n\n\n\n

                \n
              1. \u6b74\u53f2\u7684\u306a\u4fa1\u5024\u7dad\u6301\uff0851-53%\uff09<\/li>\n\n\n\n
              2. \u5371\u6a5f\u6642\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\uff0835-41%\uff09<\/li>\n\n\n\n
              3. \u30a4\u30f3\u30d5\u30ec\u30d8\u30c3\u30b8\u30fb\u4fdd\u8b77\uff0837-53%\uff09<\/li>\n\n\n\n
              4. \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u591a\u69d8\u5316\uff0834-36%\uff09<\/li>\n\n\n\n
              5. \u9577\u671f\u7684\u306a\u826f\u597d\u306a\u30ea\u30bf\u30fc\u30f3\u306e\u53ef\u80fd\u6027\uff0832-37%\uff09<\/li>\n<\/ol>\n\n\n\n

                \u6295\u8cc7\u306e\u969c\u58c1<\/strong>\uff1a<\/p>\n\n\n\n

                  \n
                • \u77e5\u8b58\u4e0d\u8db3\uff0811%\u304c\u59cb\u3081\u65b9\u304c\u308f\u304b\u3089\u306a\u3044\uff09<\/li>\n\n\n\n
                • \u73fe\u5728\u306e\u9ad8\u4fa1\u683c\uff08\u624b\u9803\u611f\u306e\u61f8\u5ff5\uff09<\/li>\n\n\n\n
                • \u8cfc\u5165\u30fb\u58f2\u5374\u306e\u96e3\u3057\u3055\u306e\u8a8d\u8b58<\/li>\n\n\n\n
                • \u91d1\u88fd\u54c1\u3068\u5229\u70b9\u306b\u95a2\u3059\u308b\u4f4e\u3044\u8a8d\u77e5\u5ea6<\/li>\n<\/ul>\n\n\n\n

                  \u65e5\u672c\u306b\u304a\u3051\u308b\u91d1\u6295\u8cc7\u624b\u6bb5<\/h3>\n\n\n\n

                  1. \u91d1ETF\uff08\u6700\u3082\u4eba\u6c17\uff09<\/strong><\/p>\n\n\n\n

                  \u65e5\u672c\u306b\u306f\u8907\u6570\u306e\u91d1ETF\u304c\u4e0a\u5834\u3057\u3066\u304a\u308a\u3001\u65b0NISA\u5236\u5ea6\u3067\u975e\u8ab2\u7a0e\u6295\u8cc7\u304c\u53ef\u80fd\u3060\u3002<\/p>\n\n\n\n

                    \n
                  • \u4e09\u83f1UFJ\u7d14\u91d1\u4e0a\u5834\u4fe1\u8a17\uff081540\uff09<\/strong>\uff1a\u73fe\u7269\u91d1\u88cf\u4ed8\u3051\u30011\u30b0\u30e9\u30e0\u3042\u305f\u308a\u306e\u91d1\u4fa1\u683c\u306b\u9023\u52d5<\/li>\n\n\n\n
                  • NEXT FUNDS \u91d1\u4fa1\u683c\u9023\u52d5\u578bETF\uff081328\uff09<\/strong>\uff1a\u5148\u7269\u30d9\u30fc\u30b9\u3001\u91ce\u6751\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u904b\u7528<\/li>\n\n\n\n
                  • i\u30b7\u30a7\u30a2\u30fc\u30ba \u30b4\u30fc\u30eb\u30c9ETF<\/strong>\uff1a\u30d6\u30e9\u30c3\u30af\u30ed\u30c3\u30af\u904b\u7528\u3001\u73fe\u7269\u91d1\u88cf\u4ed8\u3051<\/li>\n\n\n\n
                  • SPDR \u30b4\u30fc\u30eb\u30c9\u30fb\u30b7\u30a7\u30a2\uff081326\uff09<\/strong>\uff1a\u4e16\u754c\u6700\u5927\u7d1a\u306e\u91d1ETF\u306e\u4e00\u3064<\/li>\n<\/ul>\n\n\n\n

                    \u30e1\u30ea\u30c3\u30c8<\/strong>\uff1a\u6d41\u52d5\u6027\u304c\u9ad8\u304f\u3001\u5c11\u984d\u304b\u3089\u6295\u8cc7\u53ef\u80fd\u3001\u65b0NISA\u5bfe\u8c61\u3001\u58f2\u8cb7\u304c\u7c21\u5358 \u7d4c\u8cbb\u7387<\/strong>\uff1a\u5e740.4-0.7%\u7a0b\u5ea6<\/p>\n\n\n\n

                    2. \u91d1\u7a4d\u7acb\u30d7\u30e9\u30f3<\/strong><\/p>\n\n\n\n

                    \u7530\u4e2d\u8cb4\u91d1\u5c5e\u306a\u3069\u304c\u63d0\u4f9b\u3059\u308b\u6708\u6b21\u81ea\u52d5\u8cfc\u5165\u30d7\u30e9\u30f3\u3067\u3001\u30c9\u30eb\u30b3\u30b9\u30c8\u5e73\u5747\u6cd5\u306b\u3088\u308a\u4fa1\u683c\u5909\u52d5\u30ea\u30b9\u30af\u3092\u8efd\u6e1b\u3067\u304d\u308b\u3002\u5c11\u984d\u304b\u3089\u59cb\u3081\u3089\u308c\u3001\u7a4d\u7acb\u5f8c\u306b\u73fe\u7269\u306e\u5f15\u304d\u51fa\u3057\u3082\u53ef\u80fd\u3002<\/p>\n\n\n\n

                    3. \u73fe\u7269\u91d1<\/strong><\/p>\n\n\n\n

                    \u91d1\u5730\u91d1\uff081kg\u304b\u30891\u30b0\u30e9\u30e0\u307e\u3067\uff09\u3084\u91d1\u8ca8\uff08\u30a6\u30a3\u30fc\u30f3\u91d1\u8ca8\u3001\u30e1\u30a4\u30d7\u30eb\u30ea\u30fc\u30d5\u91d1\u8ca8\u306a\u3069\uff09\u3092\u8cfc\u5165\u3067\u304d\u308b\u3002\u7530\u4e2d\u8cb4\u91d1\u5c5e\u3084\u65e5\u672c\u306e\u9020\u5e63\u5c40\u306a\u3069\u304c\u8ca9\u58f2\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

                    \u6ce8\u610f\u70b9<\/strong>\uff1a\u4fdd\u7ba1\u8cbb\u7528\u3001\u4fdd\u967a\u3001\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u306e\u8003\u616e\u304c\u5fc5\u8981<\/p>\n\n\n\n

                    \u7a0e\u52d9\u3068\u898f\u5236\u306e\u8003\u616e\u4e8b\u9805<\/h3>\n\n\n\n

                    \u6d88\u8cbb\u7a0e<\/strong>\uff1a\u91d1\u306e\u58f2\u8cb7\u306b\u306f10%\u306e\u6d88\u8cbb\u7a0e\u304c\u9069\u7528\u3055\u308c\u308b\u3002\u8cfc\u5165\u6642\u306b10%\u3092\u652f\u6255\u3044\u3001\u58f2\u5374\u6642\u306b10%\u3092\u53d7\u3051\u53d6\u308b\u305f\u3081\u3001\u6b63\u5f53\u306a\u53d6\u5f15\u3067\u306f\u5b9f\u8cea\u7684\u306b\u7a0e\u4e2d\u7acb\u7684\u3002\u904e\u53bb\u306b3%\u30015%\u30018%\u306e\u7a0e\u7387\u3067\u8cfc\u5165\u3057\u305f\u91d1\u3067\u3082\u3001\u58f2\u5374\u6642\u306b\u306f\u73fe\u5728\u306e10%\u3092\u53d7\u3051\u53d6\u308c\u308b\u5229\u70b9\u304c\u3042\u308b\u3002<\/p>\n\n\n\n

                    \u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\u7a0e<\/strong>\uff1a<\/p>\n\n\n\n

                      \n
                    • \u73fe\u7269\u91d1\uff1a5\u5e74\u8d85\u4fdd\u6709\u3067\u8ab2\u7a0e\u5bfe\u8c61\u5229\u76ca\u304c50%\u6e1b\u984d\u3055\u308c\u308b\u512a\u9047\u63aa\u7f6e<\/li>\n\n\n\n
                    • \u91d1ETF\uff1a\u4e00\u5f8b20.315%\u306e\u7a0e\u7387\uff08\u8a3c\u5238\u3068\u540c\u69d8\uff09<\/li>\n<\/ul>\n\n\n\n

                      \u65b0NISA\u5236\u5ea6<\/strong>\uff1a<\/p>\n\n\n\n

                        \n
                      • \u53d6\u5f15\u5229\u76ca\u304c\u975e\u8ab2\u7a0e\uff08\u901a\u5e38\u306f20.315%\uff09<\/li>\n\n\n\n
                      • \u4e0a\u9650\uff1a\u4e00\u4eba\u5f53\u305f\u308a1,800\u4e07\u5186<\/li>\n\n\n\n
                      • \u671f\u9593\u5236\u9650\u306a\u3057<\/li>\n\n\n\n
                      • \u7279\u5b9a\u306e\u91d1ETF\u3068\u6295\u8cc7\u4fe1\u8a17\u304c\u5bfe\u8c61<\/li>\n<\/ul>\n\n\n\n

                        \u65b0NISA\u5236\u5ea6\u306b\u3088\u308a\u3001\u91d1\u6295\u8cc7\u306e\u7a0e\u5236\u512a\u9047\u304c\u5f37\u5316\u3055\u308c\u3001\u9b45\u529b\u304c\u5897\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

                        \u6295\u8cc7\u6226\u7565\u3068\u30ea\u30b9\u30af\u7ba1\u7406<\/h2>\n\n\n\n

                        \u65b0\u898f\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u63a8\u5968\u4e8b\u9805<\/h3>\n\n\n\n

                        \u30b9\u30c6\u30c3\u30d71\uff1aETF\u304b\u3089\u59cb\u3081\u308b<\/strong> \u65b0NISA\u53e3\u5ea7\u3067\u91d1ETF\uff081540\u30011328\u30011326\u306a\u3069\uff09\u3092\u8cfc\u5165\u3059\u308b\u3053\u3068\u3067\u3001\u4f4e\u30b3\u30b9\u30c8\u304b\u3064\u6d41\u52d5\u6027\u306e\u9ad8\u3044\u91d1\u6295\u8cc7\u304c\u53ef\u80fd\u3002\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e**1-10%**\u3092\u76ee\u5b89\u306b\u914d\u5206\u3059\u308b\u3002<\/p>\n\n\n\n

                        \u30b9\u30c6\u30c3\u30d72\uff1a\u30c9\u30eb\u30b3\u30b9\u30c8\u5e73\u5747\u6cd5\u3092\u6d3b\u7528<\/strong> \u91d1\u7a4d\u7acb\u30d7\u30e9\u30f3\u3092\u5229\u7528\u3057\u3066\u3001\u6708\u6b21\u3067\u306e\u81ea\u52d5\u8cfc\u5165\u306b\u3088\u308a\u4fa1\u683c\u5909\u52d5\u30ea\u30b9\u30af\u3092\u8efd\u6e1b\u3002\u9ad8\u5024\u63b4\u307f\u306e\u30ea\u30b9\u30af\u3092\u5206\u6563\u3067\u304d\u308b\u3002<\/p>\n\n\n\n

                        \u30b9\u30c6\u30c3\u30d73\uff1a\u65b0NISA\u5236\u5ea6\u3092\u6700\u5927\u9650\u6d3b\u7528<\/strong> \u5e74\u9593360\u4e07\u5186\uff08\u3064\u307f\u305f\u3066\u6295\u8cc7\u67a0120\u4e07\u5186+\u6210\u9577\u6295\u8cc7\u67a0240\u4e07\u5186\uff09\u3001\u751f\u6daf1,800\u4e07\u5186\u306e\u975e\u8ab2\u7a0e\u67a0\u3092\u6d3b\u7528\u3057\u3001\u5229\u76ca\u3092\u6700\u5927\u5316\u3059\u308b\u3002<\/p>\n\n\n\n

                        \u65e2\u5b58\u4fdd\u6709\u8005\u5411\u3051\u306e\u6226\u7565<\/h3>\n\n\n\n

                        \u9577\u671f\u4fdd\u6709\u3092\u57fa\u672c\u3068\u3059\u308b<\/strong>\uff1a\u69cb\u9020\u7684\u306a\u8981\u56e0\uff08\u4e2d\u592e\u9280\u884c\u306e\u8cfc\u5165\u3001\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u3001\u901a\u8ca8\u61f8\u5ff5\uff09\u306f\u5f15\u304d\u7d9a\u304d\u652f\u63f4\u7684\u3067\u3042\u308a\u3001\u9577\u671f\u7684\u306a\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\u306f\u7dad\u6301\u3055\u308c\u308b\u898b\u8fbc\u307f\u3002<\/p>\n\n\n\n

                        \u6a5f\u4f1a\u4e3b\u7fa9\u7684\u306a\u30ea\u30d0\u30e9\u30f3\u30b9<\/strong>\uff1a\u5927\u5e45\u306a\u6025\u9a30\u6642\u306b\u306f\u4e00\u90e8\u5229\u76ca\u78ba\u5b9a\u3092\u691c\u8a0e\u3057\u3001\u8abf\u6574\u5c40\u9762\u3067\u306f\u8cb7\u3044\u5897\u3057\u3092\u691c\u8a0e\u3059\u308b\u3002\u73fe\u5728\u306e\u6c34\u6e96\uff084,000\u30c9\u30eb\u8d85\u30012\u4e07\u5186\/\u30b0\u30e9\u30e0\u8d85\uff09\u306f\u8a18\u9332\u7684\u306b\u9ad8\u3044\u305f\u3081\u3001\u4e00\u5b9a\u306e\u8abf\u6574\u30ea\u30b9\u30af\u306f\u5ff5\u982d\u306b\u7f6e\u304f\u3079\u304d\u3002<\/p>\n\n\n\n

                        \u65e5\u9280\u653f\u7b56\u3092\u6ce8\u8996<\/strong>\uff1a\u5927\u5e45\u306a\u5229\u4e0a\u3052\u306f\u5186\u9ad8\u3092\u62db\u304d\u3001\u5186\u5efa\u3066\u91d1\u4fa1\u683c\u306b\u4e0b\u62bc\u3057\u5727\u529b\u3092\u304b\u3051\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n

                        \u4fdd\u6709\u5f62\u614b\u3092\u591a\u69d8\u5316<\/strong>\uff1aETF\u3001\u73fe\u7269\u3001\u91d1\u7a4d\u7acb\u30d7\u30e9\u30f3\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u305d\u308c\u305e\u308c\u306e\u5229\u70b9\u3092\u6d3b\u304b\u3059\u3002<\/p>\n\n\n\n

                        \u4e3b\u8981\u306a\u30ea\u30b9\u30af\u8981\u56e0<\/h3>\n\n\n\n

                        \u4e0a\u6607\u30ea\u30b9\u30af\uff08\u3055\u3089\u306a\u308b\u4fa1\u683c\u9ad8\u9a30\uff09<\/strong>\uff1a<\/p>\n\n\n\n

                          \n
                        • \u5730\u653f\u5b66\u7684\u72b6\u6cc1\u306e\u60aa\u5316\uff08\u53f0\u6e7e\u6d77\u5ce1\u3001\u4e2d\u6771\u3001\u30a6\u30af\u30e9\u30a4\u30ca\uff09<\/li>\n\n\n\n
                        • FRB\u306e\u60f3\u5b9a\u4ee5\u4e0a\u306e\u5229\u4e0b\u3052<\/li>\n\n\n\n
                        • \u7c73\u56fd\u8ca1\u653f\u72b6\u6cc1\u306e\u60aa\u5316\u3001\u50b5\u52d9\u61f8\u5ff5\u306e\u9ad8\u307e\u308a<\/li>\n\n\n\n
                        • \u4e2d\u592e\u9280\u884c\u306e\u8cfc\u5165\u30da\u30fc\u30b9\u52a0\u901f\uff08\u5e74\u95931,000\u30c8\u30f3\u8d85\u306e\u7d99\u7d9a\uff09<\/li>\n\n\n\n
                        • \u30c9\u30eb\u306e\u5927\u5e45\u4e0b\u843d<\/li>\n<\/ul>\n\n\n\n

                          \u4e0b\u843d\u30ea\u30b9\u30af\uff08\u4fa1\u683c\u8abf\u6574\uff09<\/strong>\uff1a<\/p>\n\n\n\n

                            \n
                          • \u4e3b\u8981\u306a\u5730\u653f\u5b66\u7684\u7dca\u5f35\u306e\u89e3\u6c7a\uff08\u53ef\u80fd\u6027\u306f\u4f4e\u3044\uff09<\/li>\n\n\n\n
                          • FRB\u306e\u653f\u7b56\u53cd\u8ee2\uff08\u30a4\u30f3\u30d5\u30ec\u518d\u71c3\u306b\u3088\u308b\u5229\u4e0a\u3052\uff09<\/li>\n\n\n\n
                          • \u7c73\u56fd\u682a\u5f0f\u5e02\u5834\u306e\u5927\u5e45\u4e0a\u6607\uff08\u30ea\u30b9\u30af\u30aa\u30f3\u76f8\u5834\uff09<\/li>\n\n\n\n
                          • \u4e2d\u592e\u9280\u884c\u306e\u8cfc\u5165\u304c\u4e88\u60f3\u5916\u306b500\u30c8\u30f3\u3092\u4e0b\u56de\u308b<\/li>\n\n\n\n
                          • \u65e5\u9280\u306e\u6025\u6fc0\u306a\u5f15\u304d\u7de0\u3081\uff08\u5927\u5e45\u306a\u5186\u9ad8\uff09<\/li>\n<\/ul>\n\n\n\n

                            \u77ed\u671f\u7684\u306a\u6ce8\u610f\u70b9<\/strong>\uff1a<\/p>\n\n\n\n

                              \n
                            • \u7b2c4\u56db\u534a\u671f\u306f\u5b63\u7bc0\u7684\u306b\u5f31\u3044\u50be\u5411<\/li>\n\n\n\n
                            • \u8a18\u9332\u7684\u9ad8\u5024\u304b\u3089\u306e\u6280\u8853\u7684\u8abf\u6574\u306e\u53ef\u80fd\u6027<\/li>\n\n\n\n
                            • \u6295\u6a5f\u7684\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u5dfb\u304d\u623b\u3057\u306b\u3088\u308b\u4e00\u6642\u7684\u306a\u4e0b\u843d<\/li>\n<\/ul>\n\n\n\n

                              \u7d50\u8ad6\uff1a\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u610f\u5473<\/h2>\n\n\n\n

                              \u91d1\u5e02\u5834\u306f2025\u5e74\u306b\u6b74\u53f2\u7684\u306a\u8ee2\u63db\u70b9\u3092\u8fce\u3048\u305f\u3002\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u69cb\u9020\u7684\u306a\u9700\u8981\u3001FRB\u306e\u5229\u4e0b\u3052\u30b5\u30a4\u30af\u30eb\u3001\u5730\u653f\u5b66\u7684\u4e0d\u78ba\u5b9f\u6027\u306e\u9ad8\u307e\u308a\u3001\u305d\u3057\u3066\u65e5\u672c\u56fd\u5185\u306e\u30a4\u30f3\u30d5\u30ec\u3068\u5186\u5b89\u61f8\u5ff5\u304c\u91cd\u306a\u308a\u3001\u91d1\u306f\u5358\u306a\u308b\u5b89\u5168\u8cc7\u7523\u3092\u8d85\u3048\u3066\u3001\u901a\u8ca8\u4fa1\u5024\u4e0b\u843d\u3078\u306e\u4fdd\u967a\u3001\u305d\u3057\u3066\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5fc5\u9808\u8981\u7d20<\/strong>\u3068\u306a\u308a\u3064\u3064\u3042\u308b\u3002<\/p>\n\n\n\n

                              \u4e3b\u8981\u91d1\u878d\u6a5f\u95a2\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u306f\u660e\u78ba\u3060\u3002\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306e2026\u5e74\u672b4,900\u30c9\u30eb\u4e88\u6e2c\u3001JP\u30e2\u30eb\u30ac\u30f3\u306e4,000\u30c9\u30eb\u4e88\u6e2c\u3001\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\u306e5,000\u30c9\u30eb\u306e\u30d4\u30fc\u30af\u30b7\u30ca\u30ea\u30aa\u306f\u3044\u305a\u308c\u3082\u3001\u91d1\u306e\u69cb\u9020\u7684\u5f37\u6c17\u76f8\u5834\u304c\u7d99\u7d9a\u3059\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3002\u5186\u5efa\u3066\u3067\u306f\u3001\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u52d5\u5411\u306b\u3082\u3088\u308b\u304c\u30012026\u5e74\u534a\u3070\u306b\u306f90\u4e07\u5186\/\u30c8\u30ed\u30a4\u30aa\u30f3\u30b9\u3092\u8d85\u3048\u308b\u6c34\u6e96<\/strong>\u3082\u8996\u91ce\u306b\u5165\u308b\u3002<\/p>\n\n\n\n

                              \u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3001\u91cd\u8981\u306a\u306e\u306f\u4eca\u3059\u3050\u5927\u91cf\u306b\u8cfc\u5165\u3059\u308b\u3053\u3068<\/strong>\u3067\u306f\u306a\u304f\u3001\u4f53\u7cfb\u7684\u304b\u3064\u898f\u5f8b\u3042\u308b\u30a2\u30d7\u30ed\u30fc\u30c1<\/strong>\u3067\u91d1\u3078\u306e\u914d\u5206\u3092\u5897\u3084\u3059\u3053\u3068\u3060\u3002\u65b0NISA\u5236\u5ea6\u3092\u6d3b\u7528\u3057\u305fETF\u6295\u8cc7\u3001\u91d1\u7a4d\u7acb\u30d7\u30e9\u30f3\u306b\u3088\u308b\u30c9\u30eb\u30b3\u30b9\u30c8\u5e73\u5747\u6cd5\u3001\u305d\u3057\u3066\u73fe\u7269\u91d1\u306e\u6226\u7565\u7684\u306a\u4fdd\u6709\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3001\u30ea\u30b9\u30af\u3092\u7ba1\u7406\u3057\u306a\u304c\u3089\u91d1\u306e\u9577\u671f\u7684\u306a\u4e0a\u6607\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\u3092\u4eab\u53d7\u3067\u304d\u308b\u3002<\/p>\n\n\n\n

                              \u73fe\u5728\u3001\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306e23-28%\u3057\u304b\u91d1\u3092\u4fdd\u6709\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u4e8b\u5b9f\u306f\u3001\u5927\u304d\u306a\u6210\u9577\u4f59\u5730<\/strong>\u3092\u793a\u3057\u3066\u3044\u308b\u30022,195\u5146\u5186\u306e\u5bb6\u8a08\u91d1\u878d\u8cc7\u7523\u306e\u3046\u3061\u3001\u308f\u305a\u304b1-5%\u3067\u3082\u91d1\u306b\u914d\u5206\u3055\u308c\u308c\u3070\u3001\u5e02\u5834\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u898f\u6a21\u3060\u3002\u6b74\u53f2\u7684\u306a\u4fa1\u5024\u4fdd\u5b58\u624b\u6bb5\u3068\u3057\u3066\u3001\u307e\u305f\u73fe\u4ee3\u306e\u8907\u96d1\u306a\u7d4c\u6e08\u30fb\u5730\u653f\u5b66\u74b0\u5883\u306b\u304a\u3051\u308b\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5b89\u5b9a\u5316\u8981\u7d20\u3068\u3057\u3066\u3001\u91d1\u306f\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3053\u308c\u307e\u3067\u4ee5\u4e0a\u306b\u91cd\u8981\u306a\u4f4d\u7f6e\u3092\u5360\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

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