{"id":401,"date":"2025-10-13T03:41:46","date_gmt":"2025-10-13T03:41:46","guid":{"rendered":"https:\/\/sakk.jp\/adex\/?post_type=appraisal&#038;p=401"},"modified":"2025-10-10T03:42:50","modified_gmt":"2025-10-10T03:42:50","slug":"%e3%80%8c%e8%bf%bd%e5%8a%a0%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%af%e6%85%8e%e9%87%8d%e3%81%ab%e3%80%8d-%e9%87%91%e5%88%a9%e3%83%bb%e7%82%ba%e6%9b%bf%e3%81%ae%e8%a6%8b%e9%80%9a%e3%81%97%e3%81%a8","status":"publish","type":"appraisal","link":"https:\/\/sakk.jp\/adex\/appraisal\/%e3%80%8c%e8%bf%bd%e5%8a%a0%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%af%e6%85%8e%e9%87%8d%e3%81%ab%e3%80%8d-%e9%87%91%e5%88%a9%e3%83%bb%e7%82%ba%e6%9b%bf%e3%81%ae%e8%a6%8b%e9%80%9a%e3%81%97%e3%81%a8\/","title":{"rendered":"\u300c\u8ffd\u52a0\u5229\u4e0a\u3052\u306f\u614e\u91cd\u306b\u300d\u2014\u91d1\u5229\u30fb\u70ba\u66ff\u306e\u898b\u901a\u3057\u3068\u4e0d\u52d5\u7523\u3078\u306e\u5f71\u97ff\u3092\u3084\u3055\u3057\u304f\u89e3\u8aac"},"content":{"rendered":"<p><!-- \u30bf\u30a4\u30c8\u30eb --><\/p>\n<h2><\/h2>\n<p>&nbsp;<\/p>\n<p><!-- \u30ea\u30fc\u30c9\uff08\u51fa\u5c55\uff09 --><\/p>\n<p>\u30ed\u30a4\u30bf\u30fc\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u672c\u7530\u60a6\u6717\u30fb\u4eac\u5927\u5ba2\u54e1\u6559\u6388\uff08\u5143\u5185\u95a3\u5b98\u623f\u53c2\u4e0e\uff09\u306f\u3001\u65e5\u672c\u7d4c\u6e08\u306f\u56de\u5fa9\u9014\u4e0a\u3067\u4e0d\u5b89\u5b9a\u306a\u5c40\u9762\u306b\u3042\u308b\u3068\u3057\u3066\u3001\u65e5\u9280\u306f<strong>\u8ffd\u52a0\u5229\u4e0a\u3052\u306b\u614e\u91cd<\/strong>\u3067\u3042\u308b\u3079\u304d\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002\u4e00\u65b9\u3067\u3001\u5229\u4e0a\u3052\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u81ea\u4f53\u306f\u300c\u8fd1\u3065\u3044\u3066\u3044\u308b\u300d\u3068\u3082\u3057\u3066\u3044\u307e\u3059\u3002\u70ba\u66ff\uff08\u5186\u5b89\u30fb\u30c9\u30eb\u9ad8\uff09\u306b\u3064\u3044\u3066\u306f\u3001\u5f53\u9762<strong>1\u30c9\u30eb\uff1d155\u5186\u8d85\u306b\u6025\u9032<\/strong>\u3059\u308b\u53ef\u80fd\u6027\u306f\u4f4e\u3044\u3068\u306e\u898b\u65b9\u3092\u793a\u3057\u307e\u3057\u305f\u3002<br \/>\n<small>\u51fa\u5c55\uff1a\u30ed\u30a4\u30bf\u30fc\u300c<a href=\"https:\/\/jp.reuters.com\/opinion\/forex-forum\/LX73OJGZKBPMJJLEIVQYQQVTJQ-2025-10-09\/\" target=\"_blank\" rel=\"noopener\">\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff1a\u65e5\u9280\u306e\u8ffd\u52a0\u5229\u4e0a\u3052\u614e\u91cd\u306b\u3001\u9ad8\u5e02\u6c0f\u306f\u300e\u7de9\u548c\u6d3e\u300f\uff1d\u672c\u7530\u5143\u5185\u95a3\u5b98\u623f\u53c2\u4e0e<\/a>\u300d\uff082025\/10\/10\uff09<\/small><\/p>\n<p>&nbsp;<\/p>\n<p><!-- \u672c\u6587\uff1a\u307e\u305a\u524d\u63d0\u3092\u30b7\u30f3\u30d7\u30eb\u306b --><\/p>\n<h3>1. \u3044\u307e\u306e\u30dd\u30a4\u30f3\u30c8\u3092\u304b\u3093\u305f\u3093\u306b<\/h3>\n<p>\u30fb\u65e5\u9280\u306f<strong>\u3059\u3050\u306e\u8ffd\u52a0\u5229\u4e0a\u3052\u306b\u306f\u614e\u91cd<\/strong>\u3060\u304c\u3001\u666f\u6c17\u306e\u201c\u9700\u7d66\u30ae\u30e3\u30c3\u30d7\u201d\u6539\u5584\u3067\u5229\u4e0a\u3052\u306e\u6642\u671f\u306f\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002<br \/>\n\u30fb\u5186\u5b89\u306f<strong>\u6c34\u6e96\u3068\u30b9\u30d4\u30fc\u30c9<\/strong>\u304c\u91cd\u8981\u3002\u6975\u7aef\u306b\u9032\u3080\u516c\u7b97\u306f\u5c0f\u3055\u3044\u304c\u3001\u72b6\u6cc1\u6b21\u7b2c\u3067<strong>\u70ba\u66ff\u4ecb\u5165\u3084\u5229\u4e0a\u3052<\/strong>\u304c\u518d\u3073\u9078\u629e\u80a2\u306b\u306a\u308b\u3002<br \/>\n\u30fb\u5e02\u5834\u3067\u306f\u300c12\u6708\u307e\u305f\u306f\u6765\u5e741\u6708\u300d\u306e\u5229\u4e0a\u3052\u89b3\u6e2c\u3082\u6b8b\u308b\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><!-- \u751f\u6d3b\u8005\u5411\u3051\uff1a\u91d1\u5229\u3068\u4f4f\u5b85\u30ed\u30fc\u30f3 --><\/p>\n<h3>2. \u4f4f\u5b85\u30ed\u30fc\u30f3\u306f\u3069\u3046\u8003\u3048\u308b\uff1f\uff08\u5909\u52d5\u30fb\u56fa\u5b9a\u306e\u8003\u3048\u65b9\uff09<\/h3>\n<p>\u8ffd\u52a0\u5229\u4e0a\u3052\u304c\u614e\u91cd\u59ff\u52e2\u3067\u3082\u3001<strong>\u91d1\u5229\u304c\u4e0b\u304c\u308b\u5c40\u9762<\/strong>\u306b\u623b\u3063\u305f\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4eca\u5f8c\u3082\u5c0f\u523b\u307f\u306b\u4e0a\u304c\u308b\u53ef\u80fd\u6027\u306f\u5ff5\u982d\u306b\u7f6e\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<ul>\n<li><strong>\u5909\u52d5\u578b<\/strong>\uff1a\u5f53\u9762\u306e\u652f\u6255\u3044\u306f\u6291\u3048\u3089\u308c\u307e\u3059\u304c\u3001\u5c06\u6765\u306e\u4e0a\u632f\u308c\u30ea\u30b9\u30af\u306f\u6b8b\u308a\u307e\u3059\u3002<strong>\uff0b0.5\uff05\u30fb\uff0b1.0\uff05<\/strong>\u306e\u30b9\u30c8\u30ec\u30b9\u3067\u6bce\u6708\u8fd4\u6e08\u304c\u5bb6\u8a08\u306e<strong>25\uff5e30\uff05<\/strong>\u5185\u306b\u53ce\u307e\u308b\u304b\u8a66\u7b97\u3092\u3002<\/li>\n<li><strong>\u56fa\u5b9a\u578b\u30fb\u4e00\u90e8\u56fa\u5b9a<\/strong>\uff1a\u6708\u984d\u306f\u4e0a\u304c\u308a\u307e\u3059\u304c\u3001<strong>\u5bb6\u8a08\u306e\u898b\u901a\u3057\u304c\u7acb\u3064\u5b89\u5fc3<\/strong>\u304c\u3042\u308a\u307e\u3059\u300210\u5e74\u4ee5\u4e0a\u4f4f\u3080\u306a\u3089\u3001<strong>\u5168\u671f\u9593\u56fa\u5b9a\u3084\u30df\u30c3\u30af\u30b9<\/strong>\u3082\u691c\u8a0e\u4fa1\u5024\u304c\u9ad8\u3044\u3067\u3059\u3002<\/li>\n<li><strong>\u501f\u63db\u3048<\/strong>\uff1a\u8af8\u8cbb\u7528\uff08\u4e8b\u52d9\u30fb\u4fdd\u8a3c\u30fb\u767b\u8a18\uff09\u3092\u56de\u53ce\u3067\u304d\u308b\u304b\u304c\u9375\u3002<strong>3\uff5e5\u5e74\u3067\u30da\u30a4<\/strong>\u3067\u304d\u308b\u6761\u4ef6\u304b\u3092\u6570\u5b57\u3067\u5224\u65ad\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><!-- \u4e0d\u52d5\u7523\u4fa1\u683c\u30fb\u8cc3\u8cb8\u3078\u306e\u5f71\u97ff --><\/p>\n<h3>3. \u4e0d\u52d5\u7523\u4fa1\u683c\u3068\u5bb6\u8cc3\u306f\uff1f\uff08\u91d1\u5229\u30fb\u5186\u5b89\u306e\u52b9\u304d\u65b9\uff09<\/h3>\n<p><strong>\u91d1\u5229<\/strong>\u306f\u4fa1\u683c\u306b\u3001<strong>\u5186\u5b89<\/strong>\u306f\u30b3\u30b9\u30c8\u306b\u52b9\u304d\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u58f2\u8cb7\u4fa1\u683c<\/strong>\uff1a\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u3001\u8cb7\u3044\u624b\u306e\u8fd4\u6e08\u80fd\u529b\u304c\u4e0b\u304c\u308a\u3001\u4fa1\u683c\u306f<strong>\u4e0a\u304c\u308a\u306b\u304f\u304f\uff0f\u4e0b\u304c\u308a\u3084\u3059\u304f<\/strong>\u306a\u308a\u307e\u3059\u3002\u305f\u3060\u3057<strong>\u99c5\u8fd1\u30fb\u7ba1\u7406\u826f\u597d<\/strong>\u306a\u3069\u300c\u666e\u904d\u4fa1\u5024\u300d\u304c\u5f37\u3044\u7269\u4ef6\u306f\u7c98\u308a\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li><strong>\u5bb6\u8cc3<\/strong>\uff1a\u8cc3\u8cb8\u306f<strong>\u96c7\u7528\u3068\u6240\u5f97<\/strong>\u304c\u30ab\u30ae\u3002\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u3082\u3001\u96c7\u7528\u304c\u5805\u8abf\u306a\u3089\u5bb6\u8cc3\u306f\u4e0b\u304c\u308a\u3065\u3089\u3044\u4e00\u65b9\u3001\u5272\u9ad8\u306a\u65b0\u7bc9\u306f\u7a7a\u5ba4\u8abf\u6574\uff08\u8cc3\u6599\u3084\u5165\u5c45\u6761\u4ef6\u306e\u898b\u76f4\u3057\uff09\u304c\u5165\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\n<li><strong>\u5efa\u8a2d\u30fb\u30ea\u30d5\u30a9\u30fc\u30e0\u8cbb<\/strong>\uff1a\u5186\u5b89\u306f\u8f38\u5165\u8cc7\u6750\u3084\u8a2d\u5099\u306e\u4fa1\u683c\u3092\u62bc\u3057\u4e0a\u3052\u307e\u3059\u3002\u65b0\u7bc9\u4fa1\u683c\u3084\u5927\u898f\u6a21\u4fee\u7e55\u8cbb\u304c<strong>\u9ad8\u6b62\u307e\u308a<\/strong>\u3057\u3084\u3059\u3044\u70b9\u306f\u8981\u6ce8\u610f\u3067\u3059\u3002<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><!-- \u6295\u8cc7\u5bb6\u30fb\u30aa\u30fc\u30ca\u30fc\u5411\u3051\uff1a\u5229\u56de\u308a\u3068\u70ba\u66ff --><\/p>\n<h3>4. 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\u30b7\u30ca\u30ea\u30aa\uff1a\u5229\u4e0a\u3052\u3042\u308a\uff0f\u306a\u3057 --><\/p>\n<h3>5. \u3053\u308c\u304b\u3089\u6570\u304b\u6708\u306e\u300c2\u3064\u306e\u30b7\u30ca\u30ea\u30aa\u300d<\/h3>\n<p><strong>\u30b7\u30ca\u30ea\u30aaA\uff1a\u5e74\u5185\u307e\u305f\u306f\u5e74\u660e\u3051\u306b\u5c0f\u5e45\u306e\u5229\u4e0a\u3052<\/strong><br \/>\n\u30fb\u5909\u52d5\u91d1\u5229\u306f\u3058\u308f\u308a\u4e0a\u6607\u3002<br \/>\n\u30fb\u65b0\u7bc9\u306e\u58f2\u308c\u884c\u304d\u306f\u9078\u5225\u304c\u9032\u307f\u3001<strong>\u826f\u8cea\u4e2d\u53e4<\/strong>\u3078\u306e\u30b7\u30d5\u30c8\u304c\u5f37\u307e\u308b\u3002<br \/>\n\u30fb\u6295\u8cc7\u3067\u306f\u3001<strong>\u30c6\u30ca\u30f3\u30c8\u306e\u89e3\u7d04\u901a\u77e5\u30fb\u30d5\u30ea\u30fc\u30ec\u30f3\u30c8\u30fb\u5185\u88c5\u8ca0\u62c5<\/strong>\u306a\u3069\u3092CF\u306b\u78ba\u5b9f\u306b\u7e54\u308a\u8fbc\u307f\u3002<\/p>\n<p><strong>\u30b7\u30ca\u30ea\u30aaB\uff1a\u5229\u4e0a\u3052\u3044\u3063\u305f\u3093\u898b\u9001\u308a\uff08\u614e\u91cd\u59ff\u52e2\u7d99\u7d9a\uff09<\/strong><br \/>\n\u30fb\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u306e\u4e0a\u632f\u308c\u306f\u4e00\u670d\u3002\u305f\u3060\u3057<strong>\u4e0b\u304c\u308a\u306b\u304f\u3044<\/strong>\u3002<br \/>\n\u30fb\u4fa1\u683c\u306e\u4e0b\u652f\u3048\u8981\u56e0\u306f\u7d9a\u304f\u304c\u3001\u65b0\u898f\u4f9b\u7d66\u3084\u5efa\u8a2d\u30b3\u30b9\u30c8\u9ad8\u3067<strong>\u6a2a\u3070\u3044\uff5e\u5c0f\u5e45\u8abf\u6574<\/strong>\u306e\u7269\u4ef6\u3082\u3002<br \/>\n\u30fb\u6295\u8cc7\u3067\u306f\u3001\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u907f\u3051\u3064\u3064<strong>ESG\u30fb\u7701\u30a8\u30cd\u6539\u4fee<\/strong>\u306a\u3069\u300c\u4fa1\u5024\u7dad\u6301\u300d\u306b\u8cc7\u91d1\u3092\u56de\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><!-- \u5b9f\u52d9\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8 --><\/p>\n<h3>6. 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