Á°²ó¤ÏÆüËܹñÆâ¤Î·Êµ¤»ØÉ¸¤Ë¤Ä¤¤¤ÆÊÙ¶¯¤·¤Þ¤·¤¿¡£
º£²ó¤Ï³¤³°¤Ø¤È»ëÌî¤ò¹¤²¤Æ¡¢Á°²óƱÍͤ˥¢¥á¥ê¥«¤Î½ÅÍ×»ØÉ¸¤Î¤¤¤¯¤Ä¤«¤ò¼è¤ê¾å¤²¤Æ¡¢²òÀâ¤ò²Ã¤¨¤Æ¤ß¤Þ¤·¤ç¤¦¡£
¢£FOMC¡ÊFederal Open Market Committee)
Ϣˮ½àÈ÷À©ÅÙÍý»ö²ñ¡ÊFederal Reserve Board)¤¬Ç¯¤Ë£¸²ó¡¢´ðËÜŪ¤Ë¤Ï£¶½µ´Ö¤´¤È¤Î²ÐÍËÆü¤ËÄê´üŪ¤Ë³«ºÅ¤µ¤ì¤ë²ñ¹ç¤Ç¤¹¡£¥¢¥á¥ê¥«¶âÍ»À¯ºö¤ÎºÇ¹â°Õ»×·èÄê²ñ¹ç¤Ç¤¢¤ê¡¢ÆüËܤǤ¤¤¦¤È¤³¤í¤Î¡¢Æü¶ä¶âÍ»À¯ºö·èÄê²ñ¹ç¤ËÁêÅö¤¹¤ë¤È¤¤¤¨¤Þ¤¹¡£FRBÍý»ö£·Ì¾¤È¥Ë¥å¡¼¥è¡¼¥¯Ï¢¶äÁíºÛ¡¢£±£±Ã϶è¤ÎÏ¢¶äÁíºÛ¤«¤éÁª¤Ð¤ì¤¿£´Ì¾¤Î·×£±£²Ì¾¤Ç¹½À®¤µ¤ì¤Þ¤¹¡£
¥Ù¡¼¥¸¥å¥Ö¥Ã¥¯¡ÊÊÆÃ϶èÏ¢¶ä·Ê¶·Êó¹ð¡Ë¡¢Êª²Áư¸þ¡¢·ÐºÑÀ®Ä¹¡¢¸ÛÍѾðÊó¤Ê¤É¤ò´ª°Æ¤·¤Æ¡¢¶âÍø¡¢°ÙÂØ¥ì¡¼¥È¤ÎͶƳÊý¿Ë¤Ê¤É¤Ë¤Ä¤¤¤ÆµÄÏÀ¤µ¤ì¤Þ¤¹¡£Êƥɥ뤬À¤³¦·ÐºÑ¤ÎÃæ¿´¤Ç¤¢¤ë¸½ºß¡¢¥¢¥á¥ê¥«·ÐºÑ¤òº¸±¦¤¹¤ë¤³¤Î²ñ¹ç¤ÏºÇ¤âÃíÌܤ¹¤Ù¤¥Ý¥¤¥ó¥È¤È¸À¤¨¤ë¤Ç¤·¤ç¤¦¡£
¢£¥Õ¥£¥é¥Ç¥ë¥Õ¥£¥¢Ï¢¶ä»Ø¿ô
Á°½Ò¤ÎÃ϶èÏ¢¶ä¤Î¤¦¤Á¤Î¤Ò¤È¤Ä¡¢¥Õ¥£¥é¥Ç¥ë¥Õ¥£¥¢Ã϶èϢˮ¶ä¹Ô¤¬Ëè·îÂè»°ÌÚÍËÆü¤Ë¡¢¿·µ¬¼õÃí¡¢ºß¸Ë¡¢½Ð²Ù¡¢»Ùʧ²Á³Ê¡¢¸ÛÍѼԿô¤Ê¤É¤Î¥Ç¡¼¥¿¤ò¹½À®¹àÌܤȤ·¤Æ¡¢·Ê¶·´¶¤òÄ´ºº¤·¡¢¤½¤ì¤ò¿ôÃͲ½¤·¤¿¤â¤Î¤Ç¤¹¡£¤³¤ì¤é¤Î³Æ¹àÌܤˤĤ¤¤Æ¡¢£±¤«·îÁ°¤ÈÈæ³Ó¤·¤¿¸½¾õ¤È¡¢£¶¤«·î¸å¤ÎÀè¹Ô¤¤Î¸«¹þ¤ß¤ò£³Ãʳ¬É¾²Á¤ÇÄ´ºº¤·½¸·×¤·¤Æ¤¤¤Þ¤¹¡£´ë¶È³èư»Ø¿ô¤È¤·¤Æ¤ÎÀ³Ê¤¬¶¯¤¤¤Ç¤¹¤¬¡¢¥¤¥ó¥Õ¥ì»ØÉ¸¤È¤·¤Æ¤â½ÅÍפǤ¹¡£Ä¹¤¤Îò»Ë¤ò»ý¤Ä¤È¶¦¤Ë¡¢¸ÛÍѾðÀª¤ÎÊѲ½¤ËÉÒ´¶¤ËÈ¿±þ¤¹¤ë¤³¤È¤«¤é¡¢¤â¤Ã¤È¤âÍÎϤÊÀè¹Ô»ØÉ¸¤È¤·¤ÆÂ¿¤¯¤ÎÃíÌܤò½¸¤á¤Æ¤¤¤Þ¤¹¡£
¢£¥Ë¥å¡¼¥è¡¼¥¯Ï¢¶ä»Ø¿ô
¥Ë¥å¡¼¥è¡¼¥¯Ã϶èϢˮ¶ä¹Ô¤¬Ëè·î£±£µÆü¤Ëȯɽ¤·¤Æ¤¤¤ë·Êµ¤»ØÉ¸¤Ç¤¹¡£¿·µ¬¼õÃí¤ä¸ÛÍѤò½ÅÅÀ¤Ë¤ª¤¤¤Æ¥Ë¥å¡¼¥è¡¼¥¯Ã϶è¤ÎÀ½Â¤¶È¤Î·Ê¶·´¶¤ò¥¤¥ó¥Ç¥Ã¥¯¥¹²½¤·¤¿¤â¤Î¤Ç¤¹¡£²áµî¤Î¥Ç¡¼¥¿¿ä°Ü¤Ë¤è¤ë¤È¡¢Á°½Ò¤Î¥Õ¥£¥é¥Ç¥ë¥Õ¥£¥¢Ï¢¶ä»Ø¿ô¤ÎÊý¤¬½ÅÍ׻뤵¤ì¤Æ¤Ï¤¤¤ë¤â¤Î¤Î¡¢¤½¤ì¤ËÀè¶î¤±¤ÆÈ¯É½¤¹¤ë¤¿¤á¤Ë¡¢¶áǯ¥Þ¡¼¥±¥Ã¥È¤ÎÃíÌܤòµÞ·ã¤Ë½¸¤á¤ë¤è¤¦¤Ë¤Ê¤Ã¤¿¡¢Èæ³ÓŪ¿·¤·¤¤·Ê¶·»ØÉ¸¤Î¤Ò¤È¤Ä¤Ëµó¤²¤é¤ì¤½¤¦¤Ç¤¹¡£
°Ê¾å¥¢¥á¥ê¥«¤ÎÂåɽŪ¤Ê·Ê¶·»ØÉ¸¤ò¤¤¤¯¤Ä¤«¼è¤ê¾å¤²¤Æ¤ß¤Þ¤·¤¿¡£
¡¡FX¤Ï¥È¥ì¥¤¥À¡¼¥º¾Ú·ô¡ª






