{"id":962,"date":"2023-05-15T08:28:40","date_gmt":"2023-05-14T23:28:40","guid":{"rendered":"https:\/\/cfonewsplus.com\/?p=962"},"modified":"2023-05-15T08:28:40","modified_gmt":"2023-05-14T23:28:40","slug":"%e6%9d%b1%e8%a8%bc%e3%81%8c3300%e7%a4%be%e3%81%ab%e7%95%b0%e4%be%8b%e3%81%ae%e8%a6%81%e8%ab%8b-pbr1%e5%80%8d%e8%b6%85%e3%81%ae150%e7%a4%be%e3%82%92%e9%81%b8%e5%ae%9a%e3%80%81%e6%a0%aa%e4%be%a1","status":"publish","type":"post","link":"https:\/\/cfonewsplus.com\/?p=962","title":{"rendered":"\u6771\u8a3c\u304c3300\u793e\u306b\u7570\u4f8b\u306e\u8981\u8acb\/PBR1\u500d\u8d85\u306e150\u793e\u3092\u9078\u5b9a\u3001\u682a\u4fa1\u5411\u4e0a\u8feb\u308b\u6771\u8a3c\u304c3300\u793e\u306b\u7570\u4f8b\u306e\u8981\u8acb – \u65e5\u7d4cESG"},"content":{"rendered":"\n

\u3084\u3084\u53e4\u3044\u60c5\u5831\u3067\u3059\u304c\u3001\u6700\u8fd1\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\/\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u4e0a\u5834\u4f1a\u793e\u3067\u8a71\u984c\u306e\u3001\u300c\uff13\u6708\u672b\u306b\u6771\u8a3c\u304b\u3089\u30d7\u30e9\u30a4\u30e0\/\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u4e0a\u5834\u5404\u793e\u306b\u682a\u4fa1\u3092\u610f\u8b58\u3057\u305f\u7d4c\u55b6\u3092\u6c42\u3081\u308b\u8981\u8acb\u3092\u51fa\u3057\u305f\u300d\u3053\u3068\u3001\u6539\u3081\u3066\u53d6\u308a\u4e0a\u3052\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

\u6771\u8a3c\u304c3300\u793e\u306b\u7570\u4f8b\u306e\u8981\u8acb | \u65e5\u7d4cESG (nikkeibp.co.jp)<\/a><\/p>\n\n\n\n

\u6771\u8a3c\u304c\u8981\u8acb\u3057\u305f\u5185\u5bb9\u306f\u4e3b\u306b3\u3064\u3002\u8cc7\u672c\u30b3\u30b9\u30c8\u3084\u682a\u4fa1\u306e\u91cd\u8996\u3001\u6295\u8cc7\u5bb6\u5bfe\u8a71\u306e\u958b\u793a\u3001\u6b63\u78ba\u306a\u60c5\u5831\u958b\u793a<\/span><\/mark>\u3067\u3042\u308b<\/strong>\u3002\u76ee\u7389\u306f\u3001\u8cc7\u672c\u30b3\u30b9\u30c8\u3084\u682a\u4fa1\u3092\u91cd\u8996\u3057\u305f\u7d4c\u55b6\u3060\u3002\u6771\u8a3c\u306f\u3001\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u306e\u7d04\u534a\u6570\u304cROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff098\uff05\u672a\u6e80\u304b\u3064PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff091\u500d\u672a\u6e80\u3068\u3044\u3046\u72b6\u6cc1\u3092\u554f\u984c\u8996\u3057\u3066\u3044\u308b\u3002PBR\u304c1\u500d\u3092\u8d85\u3048\u308b\u306b\u306f\u3001\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\uff08\u6295\u8cc7\u5bb6\u304c\u671f\u5f85\u3059\u308b\u30ea\u30bf\u30fc\u30f3\uff09\u3092\u4e0a\u56de\u308bROE\u3092\u5b9f\u73fe\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u73fe\u72b6\u3092\u5206\u6790\u3057\u3001\u6539\u5584\u8a08\u753b\u3092\u7acb\u3066\u3001\u9032\u6357\u3092\u958b\u793a\u3059\u308b\u3088\u3046\u8981\u8acb\u3057\u305f\u3002\u958b\u793a\u6642\u671f\u306e\u5b9a\u3081\u306f\u306a\u3044\u304c\u3001\u300c\u3067\u304d\u308b\u9650\u308a\u901f\u3084\u304b\u300d\u306a\u5bfe\u5fdc\u3092\u6c42\u3081\u305f\u3002\u4f01\u696d\u3068\u6295\u8cc7\u5bb6\u306b\u3088\u308b\u5bfe\u8a71\u306e\u958b\u793a\u3082\u4fc3\u3057\u305f\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u6295\u8cc7\u5bb6\u5bfe\u8a71\u306e\u5bfe\u5fdc\u8005\u3001\u6295\u8cc7\u5bb6\u306e\u6982\u8981\u3001\u5bfe\u8a71\u306e\u30c6\u30fc\u30de\u3001\u5f97\u3089\u308c\u305f\u6c17\u4ed8\u304d\u3001\u53d6\u308a\u5165\u308c\u305f\u4e8b\u9805\u306a\u3069\u3060\u3002\u5e74\u6b21\u5831\u544a\u66f8\u3084\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u306a\u3069\u3067\u306e\u5831\u544a\u3092\u6c42\u3081\u3066\u304a\u308a\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u5831\u544a\u66f8\u3078\u306e\u8a18\u8f09\u3092\u8981\u8acb\u3057\u305f\u3002\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u306b\u306f\u3001\u6295\u8cc7\u5bb6\u3068\u306e\u5efa\u8a2d\u7684\u306a\u5bfe\u8a71\u304c\u6b20\u304b\u305b\u306a\u3044\u3002\u3057\u304b\u3057\u3001\u5bfe\u8a71\u306e\u5185\u5bb9\u304c\u516c\u958b\u3055\u308c\u308b\u3053\u3068\u306f\u3042\u307e\u308a\u306a\u304f\u3001\u5bfe\u8a71\u304c\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u306b\u3064\u306a\u304c\u3063\u3066\u3044\u308b\u304b\u4e0d\u900f\u660e\u3060\u3063\u305f\u3002\u4eca\u56de\u3001\u3053\u3053\u306b\u30e1\u30b9\u3092\u5165\u308c\u305f\u3002\u6295\u8cc7\u5bb6\u5bfe\u8a71\u306e\u524d\u63d0\u3068\u306a\u308b\u6b63\u78ba\u306a\u60c5\u5831\u958b\u793a\u3082\u8981\u8acb\u3057\u305f\u3002\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u30fb\u30b3\u30fc\u30c9\u306b\u63b2\u3052\u3089\u308c\u305f\u539f\u5247\u3092\u9806\u5b88\u3057\u306a\u3044\u5834\u5408\u3001\u305d\u306e\u7406\u7531\u3092\u8aac\u660e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u53d6\u308a\u7d44\u307f\u304c\u4e0d\u5341\u5206\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u300c\u9806\u5b88\u3057\u3066\u3044\u308b\u300d\u3068\u3059\u308b\u4f01\u696d\u3082\u3042\u308a\u3001\u60c5\u5831\u958b\u793a\u306e\u5f62\u9ab8\u5316\u304c\u6307\u6458\u3055\u308c\u3066\u3044\u308b\u3002\u300c\u691c\u8a0e\u4e2d\u300d\u306e\u307e\u307e\u653e\u7f6e\u3057\u3066\u3044\u308b\u4f01\u696d\u3082\u591a\u304f\u3001\u6771\u8a3c\u306f\u30013\u5e74\u9593\u300c\u691c\u8a0e\u4e2d\u300d\u306e\u307e\u307e\u540c\u3058\u8aac\u660e\u3092\u3057\u3066\u3044\u308b\u4f01\u696d\u6570\u3092\u516c\u8868\u3002\u671b\u307e\u3057\u3044\u8aac\u660e\u4f8b\u306a\u3069\u3082\u793a\u3057\u305f\u3002<\/p>\n\n\n\n

\u3042\u304f\u307e\u3067\u3082\u300c\u8981\u8acb\u300d\u3067\u3042\u308b\u305f\u3081\u3001\u5b9f\u52b9\u6027\u306b\u306f\u7591\u554f\u7b26\u304c\u4ed8\u304f\u3002\u305d\u3093\u306a\u4e2d\u3001\u3053\u308c\u3089\u306e\u8981\u8acb\u306b\u5fdc\u3048\u3066\u7d50\u679c\u3092\u51fa\u3059\u4f01\u696d\u3092\u9078\u5b9a\u3059\u308b\u65b0\u305f\u306a\u682a\u4fa1\u6307\u6570\u3092\u6253\u3061\u51fa\u3057\u305f\u3002\u65e5\u672c\u53d6\u5f15\u6240\u30b0\u30eb\u30fc\u30d7\u304c23\u5e747\u6708\u304b\u3089\u904b\u7528\u3092\u958b\u59cb\u3059\u308b\u300cJPX\u30d7\u30e9\u30a4\u30e0150\u6307\u6570\u300d\u3067\u3042\u308b\u3002\u65b0\u6307\u6570\u306e\u30b3\u30f3\u30bb\u30d7\u30c8\u306f\u3001\u300c\u4fa1\u5024\u5275\u9020\u304c\u63a8\u5b9a\u3055\u308c\u308b\u6211\u304c\u56fd\u3092\u4ee3\u8868\u3059\u308b\u4f01\u696d\u3067\u69cb\u6210\u3055\u308c\u308b\u6307\u6570\u300d\u3002\u69cb\u6210\u9298\u67c4\u306f\u3001ROE\u304b\u3089\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u5f15\u3044\u305f\u300c\u30a8\u30af\u30a4\u30c6\u30a3\u30b9\u30d7\u30ec\u30c3\u30c9\u300d\u306e\u4e0a\u4f4d75\u793e<\/span>\u3092\u9078\u3076\u3002\u3055\u3089\u306b\u3001\u3053\u306e75\u793e\u3092\u9664\u3044\u305f\u4f01\u696d\u306e\u4e2d\u304b\u3089PBR\u304c1\u500d\u3092\u8d85\u3048\u308b\u6642\u4fa1\u7dcf\u984d\u306e\u4e0a\u4f4d75\u793e<\/span>\u3092\u9078\u3076\u3002\u6bce\u5e748\u6708\u521d\u65ec\u306b150\u793e\u3092\u516c\u8868\u3057\u3001\u69cb\u6210\u9298\u67c4\u3092\u5165\u308c\u66ff\u3048\u308b\u3002\u69cb\u6210\u9298\u67c4150\u793e\u306e\u6642\u4fa1\u7dcf\u984d\u5408\u8a08\u306f\u3001\u7d04350\u5146\u5186\u306e\u898b\u8fbc\u307f\u3067\u3042\u308b\u3002\u3053\u306e\u65b0\u6307\u6570\u3092\u6d77\u5916\u306e\u4e3b\u8981\u306a\u682a\u5f0f\u6307\u6570\u3068\u6bd4\u3079\u3066\u307f\u308b\u3068\u3001\u65b0\u6307\u6570\u306e\u72d9\u3044\u304c\u898b\u3048\u3066\u304f\u308b\u3002\u300cPBR1\u500d\u4ee5\u4e0a\u300d\u306e\u9298\u67c4\u306e\u5272\u5408\u306b\u6ce8\u76ee\u3059\u308b\u3068\u3001\u65b0\u6307\u6570\u306f87\uff05\u3067\u3042\u308b\u306e\u306b\u5bfe\u3057\u3066\u3001\u7c73\u56fd\u306eS&P500\u306f89\uff05\u3001\u6b27\u5dde\u306eSTOXX600\u306f75\uff05\u3067\u3042\u308b\u3002\u300cROE12\uff05\u4ee5\u4e0a\u300d\u306e\u9298\u67c4\u306f\u3001\u65b0\u6307\u6570\u304c65\uff05\u306a\u306e\u306b\u5bfe\u3057\u3001\u7c73S&P500\u306f66\uff05\u3001STOXX600\u304c62\uff05\u3067\u3042\u308b\u3002\u65b0\u6307\u6570\u306f\u3001\u6b27\u7c73\u306e\u4e3b\u8981\u6307\u6570\u3068\u80a9\u3092\u4e26\u3079\u308b\u6c34\u6e96\u3068\u3044\u3048\u308b\u3002\u65b0\u6307\u6570150\u793e\u306e\u5e73\u5747\u6642\u4fa1\u7dcf\u984d\u306f2.4\u5146\u5186\u3067\u3042\u308b\u3002\u5bfe\u3057\u3066\u3001S&P500\u306f9.2\u5146\u5186\u3001STOXX600\u306f2.8\u5146\u5186<\/strong><\/span>\u3067\u3042\u308b\u3002\u7c73\u56fd\u306e\u4e3b\u8981\u4f01\u696d\u3068\u6bd4\u3079\u308b\u3068\u300c\u5c0f\u7c92\u300d\u3060\u304c\u3001\u6b27\u5dde\u306e\u4e3b\u8981\u4f01\u696d\u4e26\u307f\u306e\u4f01\u696d\u304c\u305d\u308d\u3063\u3066\u3044\u308b\u3068\u3044\u3048\u308b\u3002<\/p>\n\n\n\n

\u4fa1\u5024\u5275\u9020\u306b\u7740\u76ee\u3057\u305f\u65b0\u6307\u6570\u300cJPX\u30d7\u30e9\u30a4\u30e0150\u6307\u6570\u300d\u306e\u9aa8\u5b50\u306b\u3064\u3044\u3066 | \u65e5\u672c\u53d6\u5f15\u6240\u30b0\u30eb\u30fc\u30d7<\/a><\/p>\n\n\n\n

\u30d1\u30c3\u30b7\u30d6\u6295\u8cc7\u304c\u76db\u3093\u3067\u305d\u306e\u5927\u534a\u304cTOPIX\u3067\u9ad8PBR\u682a\u3068\u4f4ePBR\u682a\u3092\u30bb\u30c3\u30c8\u58f2\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3067\u306f\u3001\u4f4ePBR\u4f1a\u793e\u3092PBR\uff11\u500d\u5272\u304b\u3089\u8131\u5374\u3055\u305b\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3068\u3044\u3046\u6771\u8a3c\u306e\u5371\u6a5f\u611f\u306e\u73fe\u308c\u3092\u611f\u3058\u307e\u3059\u3002\u6700\u7d42\u7684\u306b\u306f\u30d7\u30e9\u30a4\u30e0\u4e0a\u5834\u4f1a\u793e\u6570\u306e\u5927\u5e45\u306a\u7d5e\u308a\u8fbc\u307f\u3092\u72d9\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3082\u898b\u3048\u307e\u3059\u3002\u6771\u8a3c\u306f\u898f\u6a21\u304c\u5c0f\u3055\u3044\u3060\u3051\u3067\u306a\u304f\u8cea\u3082\u60aa\u3044\u306e\u3067\u306f\uff1f\u3068\u3044\u3046\u30a4\u30e1\u30fc\u30b8\u3092\u6253\u7834\u3059\u3079\u304f\u5f53\u9762\u306f\u3053\u306e\u624b\u306e\u8cc7\u672c\u5e02\u5834\u6539\u9769\u306e\u52d5\u304d\u304c\u7d99\u7d9a\u3059\u308b\u3082\u306e\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u4e00\u65b9\u3067\u6295\u8cc7\u5bb6\u3068\u306e\u5bfe\u8a71\u304c\u91cd\u8996\u3055\u308c\u308b\u306a\u304b\u3001\u682a\u4e3b\u540d\u7c3f\u307f\u3066\u3082\u8ab0\u304c\u672c\u5f53\u306e\u682a\u4e3b\u304b\u308f\u304b\u3089\u306a\u3044\u554f\u984c\u306e\u8b70\u8ad6\u3082\u6d3b\u767a\u5316\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u79c1\u3082\u5404\u793e\u6709\u5831\u3092\u95b2\u89a7\u3057\u3066\u3044\u3066\u3001\u4fe1\u8a17\u9280\u884c\u7b49\u306e\u540d\u524d\u304c\u4e26\u3093\u3067\u307e\u3059\u304c\u3001\u305d\u306e\u88cf\u306b\u3069\u306e\u3088\u3046\u306a\u6295\u8cc7\u5bb6\u304c\u3044\u308b\u306e\u304b\u5168\u304f\u898b\u3048\u306a\u3044\u72b6\u6cc1\u306b\u554f\u984c\u610f\u8b58\u3092\u3082\u3063\u3066\u307e\u3059\u3002<\/p>\n\n\n\n

\u300c\u682a\u4e3b\u306f\u4f55\u3082\u306e\u304b\u300d\u5e83\u304f\u691c\u8a0e\u3092 – \u65e5\u672c\u7d4c\u6e08\u65b0\u805e (nikkei.com)<\/a><\/p>\n\n\n\n

\u7c73\u56fd\u4f5c\u5bb6\u30b9\u30bf\u30a4\u30f3\u30d9\u30c3\u30af\u304c\u539f\u4f5c\u306e\u540d\u753b\u300c\u6012\u308a\u306e\u8461\u8404\uff08\u3076\u3069\u3046\uff09\u300d\u306b\u3053\u3093\u306a\u30b7\u30fc\u30f3\u304c\u3042\u308b\u3002\u7956\u7236\u306e\u4ee3\u304b\u3089\u8015\u3057\u3066\u304d\u305f\u7c73\u4e2d\u897f\u90e8\u306e\u958b\u62d3\u5730\u3002\u7a81\u7136\u3001\u7537\u304c\u3084\u3063\u3066\u304d\u3066\u7acb\u3061\u9000\u304d\u3092\u8feb\u308b\u3002\u8fb2\u6c11\u306f\u6012\u308a\u3092\u3076\u3064\u3051\u308b\u304c\u3001\u7537\u306f\u4e0d\u52d5\u7523\u4f1a\u793e\u306e\u4ee3\u7406\u4eba\u3002\u805e\u3051\u3070\u4e0d\u52d5\u7523\u4f1a\u793e\u3082\u9280\u884c\u306b\u5f93\u3063\u3066\u3044\u308b\u3060\u3051\u3060\u3002\u9280\u884c\u306e\u652f\u5e97\u9577\u3060\u3063\u3066\u6771\u6d77\u5cb8\u306e\u6307\u793a\u3060\u308d\u3046\u3088\u3068\u7a81\u304d\u653e\u3055\u308c\u308b\u3002\u300c\u8cac\u4efb\u8005\u306f\u3044\u3063\u305f\u3044\u8ab0\u3060\u300d\u300c\u308f\u304b\u3089\u3093\u3088\u300d\u6295\u8cc7\u5bb6\u306e\u6a5f\u95a2\u5316\u304c\u9032\u3080\u682a\u5f0f\u5e02\u5834\u3002\u3053\u308c\u306b\u4f3c\u901a\u3046\u72b6\u6cc1\u304c\u8d77\u304d\u3066\u3044\u308b\u3002\u4fdd\u6709\u5f62\u614b\u3084\u53d6\u5f15\u304c\u8907\u96d1\u5316\u3057\u3001\u8ab0\u304c\u5b9f\u8cea\u306e\u682a\u4e3b\u304b\u898b\u3048\u306b\u304f\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\u4e00\u9023\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\u6539\u9769\u306f\u4f01\u696d\u3068\u6295\u8cc7\u5bb6\u306e\u5efa\u8a2d\u7684\u306a\u5bfe\u8a71\u3067\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u3092\u76ee\u6307\u3059\u3082\u306e\u3060\u3002\u3057\u304b\u3057\u76f8\u624b\u304c\u610f\u601d\u6c7a\u5b9a\u306e\u6a29\u9650\u3092\u6301\u3064\u682a\u4e3b\u304b\u3001\u5358\u306a\u308b\u4ee3\u7406\u4eba\u304b\u898b\u5206\u3051\u3089\u308c\u306a\u3044\u3068\u672c\u5f53\u306e\u5bfe\u8a71\u306b\u306f\u306a\u3089\u306a\u3044\u3002\u682a\u4e3b\u306e\u300c\u898b\u3048\u308b\u5316\u300d\u3092\u671b\u3080\u58f0\u3092\u53d7\u3051\u3001\u91d1\u878d\u5be9\u8b70\u4f1a\u306e\u5834\u3067\u5b9f\u8cea\u682a\u4e3b\u3092\u628a\u63e1\u3057\u3084\u3059\u304f\u3059\u308b\u8b70\u8ad6\u304c\u3053\u308c\u304b\u3089\u672c\u683c\u5316\u3059\u308b\u3002\u8ab0\u304c\u682a\u4e3b\u304b\u306b\u3064\u3044\u3066\u306f\u4eca\u3082\u5927\u91cf\u4fdd\u6709\u5831\u544a\u5236\u5ea6\u304c\u3042\u308b\u30025%\u3092\u8d85\u3048\u305f\u5b9f\u8cea\u7684\u306a\u4fdd\u6709\u8005\u306b\u5831\u544a\u7fa9\u52d9\u3092\u8ab2\u3059\u3082\u306e\u3060\u3002\u305f\u3060\u958b\u793a\u304c\u5341\u5206\u3068\u306f\u3044\u3048\u305a\u5b9f\u52b9\u6027\u3092\u9ad8\u3081\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/mark><\/strong>\u6c11\u9593\u306e\u682a\u4e3b\u8abf\u67fb\u3082\u3042\u308b\u304c\u3001\u958b\u793a\u983b\u5ea6\u3092\u4e0a\u3052\u308b\u3068\u3044\u3063\u305f\u65b9\u5411\u6027\u3082\u3042\u308a\u305d\u3046\u3060\u3002\u3057\u304b\u3057\u5358\u306b\u958b\u793a\u306e\u5145\u5b9f\u3060\u3051\u306e\u8b70\u8ad6\u3067\u6e08\u3080\u304b\u3002\u6b27\u5dde\u306f\u4f1a\u793e\u306b\u5bfe\u3057\u3066\u6a29\u5229\u3092\u884c\u4f7f\u3059\u308b\u306a\u3089\u540d\u4e57\u308a\u51fa\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u306e\u8003\u3048\u65b9\u3060\u3002\u4f1a\u793e\u5074\u304c\u8981\u8acb\u3057\u305f\u3089\u8eab\u5143\u3092\u660e\u304b\u3059\u5fc5\u8981\u304c\u3042\u308a\u3001\u5fdc\u3058\u306a\u3044\u3068\u8b70\u6c7a\u6a29\u884c\u4f7f\u505c\u6b62\u306e\u7f70\u5247\u304c\u3042\u308b\u3002<\/span><\/mark><\/strong>\u5b9f\u8cea\u682a\u4e3b\u306e\u628a\u63e1\u3078\u5411\u3051\u305f\u8b70\u8ad6\u306e\u6839\u5e95\u306b\u300c\u682a\u4e3b\u306f\u4f55\u3082\u306e\u304b\u300d\u3068\u306e\u554f\u3044\u304c\u3042\u308b\u3002\u4f1a\u793e\u306e\u6240\u6709\u8005\u304b\u3001\u682a\u5f0f\u3068\u3044\u3046\u8ca1\u7523\u306e\u6240\u6709\u8005\u304b\u3002\u5c5e\u6027\u306b\u9055\u3044\u304c\u3042\u308b\u3068\u8003\u3048\u308b\u306a\u3089\u5dee\u3092\u3064\u3051\u308b\u306e\u304b\u3068\u3044\u3046\u554f\u3044\u3082\u3042\u308a\u3046\u308b\u3002\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u304b\u3089\u307f\u308b\u958b\u793a\u306b\u3068\u3069\u307e\u3089\u305a\u3001\u5e83\u304f\u898b\u6e21\u3057\u305f\u691c\u8a0e\u3092\u8981\u3059\u308b\u8ab2\u984c\u3068\u306a\u308b\u3002<\/p>\n\n\n\n

\u5927\u91cf\u4fdd\u6709\u5831\u544a\u66f8\u306f\u898f\u5236\u304c\u7de9\u3044\u305f\u3081\u3001\u308f\u3056\u3068\u63d0\u51fa\u3092\u9045\u3089\u305b\u3066\u6c17\u304c\u4ed8\u3044\u305f\u30895\uff05\u3092\u306f\u308b\u304b\u306b\u8d85\u3048\u305f\u6c34\u6e96\u307e\u3067\u8cb7\u3044\u5360\u3081\u3066\u3044\u308b\u3001\u3068\u3044\u3046\u5236\u5ea6\u306e\u629c\u3051\u7a74\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u300c\u4e0d\u610f\u6253\u3061\u300d\u8cb7\u53ce\u306b\u898f\u5236\u306e\u9699 – \u65e5\u672c\u7d4c\u6e08\u65b0\u805e (nikkei.com)<\/a><\/p>\n\n\n\n

\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u3067\u306f\u4f01\u696d\u306e5%\u4ee5\u4e0a\u306e\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u305f\u6295\u8cc7\u5bb6\u306f\u3001\u8b70\u6c7a\u6a29\u3092\u5171\u540c\u3067\u884c\u4f7f\u3059\u308b\u5408\u610f\u304c\u3042\u308b\u306a\u3069\u306e\u5354\u8abf\u95a2\u4fc2\u3082\u542b\u3081\u3066\u8ca1\u52d9\u5c40\u306b5\u55b6\u696d\u65e5\u4ee5\u5185\u306b\u5c4a\u3051\u51fa\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u3060\u304c\u8cb7\u53ce\u9632\u885b\u306b\u8a73\u3057\u3044\u4f0a\u85e4\u5e83\u6a39\u5f01\u8b77\u58eb\u306f\u300c\u63d0\u51fa\u304c\u534a\u5e74\u4ee5\u4e0a\u9045\u308c\u308b\u4f8b\u3082\u3042\u308b\u300d\u3068\u6307\u6458\u3002\u300c\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u865a\u507d\u8a18\u8f09\u306a\u3069\u3068\u6bd4\u3079\u3001\u8efd\u3044\u9055\u53cd\u3060\u3068\u307f\u3089\u308c\u3066\u3057\u307e\u3044\u304c\u3061\u3002\uff08\u6cd5\u4ee4\u306b\u3088\u308b\uff09\u6291\u6b62\u52b9\u679c\u304c\u50cd\u3044\u3066\u3044\u306a\u3044\u300d\u3068\u307f\u308b\u3002<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

\u3084\u3084\u53e4\u3044\u60c5\u5831\u3067\u3059\u304c\u3001\u6700\u8fd1\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\/\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u4e0a\u5834\u4f1a\u793e\u3067\u8a71\u984c\u306e\u3001\u300c\uff13\u6708\u672b\u306b\u6771\u8a3c\u304b\u3089\u30d7\u30e9\u30a4\u30e0\/\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u4e0a\u5834\u5404\u793e\u306b\u682a\u4fa1\u3092\u610f\u8b58\u3057\u305f\u7d4c\u55b6\u3092\u6c42\u3081\u308b\u8981\u8acb\u3092\u51fa\u3057\u305f\u300d\u3053\u3068\u3001\u6539\u3081\u3066\u53d6\u308a\u4e0a\u3052\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002 \u6771\u8a3c\u304c3300\u793e\u306b\u7570\u4f8b\u306e […]<\/p>\n","protected":false},"author":1,"featured_media":418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2"],"_links":{"self":[{"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=\/wp\/v2\/posts\/962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=962"}],"version-history":[{"count":1,"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=\/wp\/v2\/posts\/962\/revisions"}],"predecessor-version":[{"id":963,"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=\/wp\/v2\/posts\/962\/revisions\/963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=\/wp\/v2\/media\/418"}],"wp:attachment":[{"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfonewsplus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}