{"id":8057,"date":"2025-12-19T15:22:15","date_gmt":"2025-12-19T07:22:15","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8057"},"modified":"2025-12-19T15:22:20","modified_gmt":"2025-12-19T07:22:20","slug":"2026%e5%b9%b4%e7%be%8e%e5%9b%bd%e7%bb%8f%e6%b5%8e%e4%b8%8e%e8%b4%a7%e5%b8%81%e6%94%bf%e7%ad%96%e5%b1%95%e6%9c%9b%ef%bc%9a%e9%99%8d%e6%81%af%e5%bc%80%e5%90%af%ef%bc%8c%e4%bd%86%e9%9d%9e%e5%9d%a6","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ja\/\u30a2\u30fc\u30ab\u30a4\u30d6\/8057","title":{"rendered":"2026\u5e74\u306e\u7c73\u56fd\u306e\u7d4c\u6e08\u91d1\u878d\u653f\u7b56\u898b\u901a\u3057\uff1a\u5229\u4e0b\u3052\u306f\u59cb\u307e\u308b\u304c\u5bb9\u6613\u306a\u9053\u3067\u306f\u306a\u3044"},"content":{"rendered":"

2026\u5e74\u306b\u5165\u308a\u3001\u7c73\u56fd\u7d4c\u6e08\u306f\u300c\u9ad8\u91d1\u5229\u5bb9\u8a8d\u671f\u300d\u304b\u3089\u300c\u653f\u7b56\u30ea\u30d0\u30e9\u30f3\u30b9\u6bb5\u968e\u300d\u306b\u79fb\u884c\u3057\u3064\u3064\u3042\u308b\u3002\u7c98\u308a\u5f37\u3044\u30a4\u30f3\u30d5\u30ec\u3001\u52b4\u50cd\u5e02\u5834\u306e\u9650\u754c\u7684\u5f31\u5316\u3001\u8ca1\u653f\u62e1\u5927\u3068\u3044\u3046\u8907\u96d1\u306a\u72b6\u6cc1\u306e\u4e2d\u3067\u3001FRB\u306e\u91d1\u878d\u653f\u7b56\u306f\u524d\u4f8b\u306e\u306a\u3044\u30b8\u30ec\u30f3\u30de\u306b\u76f4\u9762\u3059\u308b\u3060\u308d\u3046\u3002\u7d4c\u6e08\u306e\u5931\u901f\u3092\u963b\u6b62\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u304c\u3001\u9577\u671f\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306e\u56fa\u5b9a\u5316\u3092\u89e3\u9664\u3059\u308b\u3053\u3068\u306b\u3082\u8b66\u6212\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002 Wmax \u306f\u3001\u73fe\u5728\u306e\u30c7\u30fc\u30bf\u50be\u5411\u3068\u653f\u7b56\u30b7\u30b0\u30ca\u30eb\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u30012026 \u5e74\u306e\u7c73\u56fd\u7d4c\u6e08\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u3068 FRB \u306e\u91d1\u5229\u7d4c\u8def\u306e\u4f53\u7cfb\u7684\u306a\u4e88\u6e2c\u3092\u4f5c\u6210\u3057\u307e\u3059\u3002<\/p>\n

1. \u7d4c\u6e08\u6210\u9577: \u52e2\u3044\u306f\u920d\u5316\u3059\u308b\u304c\u3001\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u56de\u907f\u3055\u308c\u308b<\/p>\n

\u7c73\u56fd\u306e\u5b9f\u8ceaGDP\u6210\u9577\u7387\u306f2026\u5e74\u306b1.2\uff05\uff5e1.6\uff05\u306e\u7bc4\u56f2\u306b\u307e\u3067\u4f4e\u4e0b\u3059\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u304a\u308a\u30012024\uff5e2025\u5e74\u306e\u5e73\u5747\u30ec\u30d9\u30eb\u3092\u5927\u5e45\u306b\u4e0b\u56de\u308b\u3002\u3053\u306e\u6e1b\u901f\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u308b\u4e3b\u306a\u8981\u56e0\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n

\u6d88\u8cbb\u652f\u51fa\u306f\u7de9\u3084\u304b\u306b\u51b7\u3048\u8fbc\u3093\u3067\u304a\u308a\u3001\u4f4f\u6c11\u306e\u8caf\u84c4\u7387\u306f\u6d41\u884c\u524d\u306e\u6c34\u6e96\u306b\u4f4e\u4e0b\u3057\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u5ef6\u6ede\u7387\u306f6\u56db\u534a\u671f\u9023\u7d9a\u3067\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u5bb6\u8a08\u306e\u8cc7\u91d1\u30d0\u30c3\u30d5\u30a1\u30fc\u304c\u5f31\u307e\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b\u3002\u4f01\u696d\u6295\u8cc7\u306f\u614e\u91cd\u306b\u306a\u3063\u3066\u3044\u308b\u3002AI\u95a2\u9023\u306e\u8a2d\u5099\u6295\u8cc7\u306f\u4f9d\u7136\u5e95\u5805\u3044\u3082\u306e\u306e\u3001\u9ad8\u91d1\u5229\u74b0\u5883\u4e0b\u3067\u306e\u9ad8\u3044\u8cc7\u91d1\u8abf\u9054\u30b3\u30b9\u30c8\u304c\u88fd\u9020\u696d\u3084\u5546\u696d\u7528\u4e0d\u52d5\u7523\u3078\u306e\u6295\u8cc7\u3092\u963b\u5bb3\u3057\u3066\u3044\u308b\u3002\u653f\u5e9c\u652f\u51fa\u306e\u652f\u63f4\u306f\u9650\u3089\u308c\u3066\u3044\u308b\uff1a\u300c\u5927\u7f8e\u4eba\u6cd5\u300d\u306a\u3069\u306e\u8ca1\u653f\u523a\u6fc0\u7b56\u304c\u5b9f\u65bd\u3055\u308c\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u5727\u529b\u306b\u3088\u308a\u3055\u3089\u306a\u308b\u62e1\u5927\u306e\u4f59\u5730\u306f\u9650\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n

\u52b4\u50cd\u5e02\u5834\u306f\u51b7\u3048\u8fbc\u307f\u306e\u5146\u3057\u3092\u898b\u305b\u3066\u3044\u308b\u3082\u306e\u306e\uff08\u5931\u696d\u7387\u306f4.3\uff5e4.5\uff05\u306b\u4e0a\u6607\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\uff09\u3001\u5927\u898f\u6a21\u306a\u4eba\u54e1\u524a\u6e1b\u306e\u6ce2\u306f\u307e\u3060\u8d77\u3053\u3063\u3066\u304a\u3089\u305a\u3001\u7d4c\u6e08\u304c\u6df1\u523b\u306a\u843d\u3061\u8fbc\u307f\u3067\u306f\u306a\u304f\u300c\u6d45\u3044\u666f\u6c17\u5f8c\u9000\u307e\u305f\u306f\u8edf\u7740\u9678\u300d\u7d4c\u8def\u3092\u793a\u3059\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u5f37\u8abf\u3059\u308b\u4fa1\u5024\u304c\u3042\u308b\u3002<\/p>\n

2. \u30a4\u30f3\u30d5\u30ec\u50be\u5411: \u30b3\u30a2\u306e\u7c98\u308a\u5f37\u3055\u306f\u4f9d\u7136\u3068\u3057\u3066\u5b58\u5728\u3057\u3001\u5168\u4f53\u7684\u306a\u50be\u5411\u306f\u6e1b\u901f\u3057\u3064\u3064\u3042\u308b<\/p>\n

2026 \u5e74\u306e\u7c73\u56fd CPI \u306f\u524d\u5e74\u6bd4 2.5% \uff5e 3.0% \u306e\u7bc4\u56f2\u307e\u3067\u3055\u3089\u306b\u4f4e\u4e0b\u3059\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u4e0b\u964d\u52fe\u914d\u306f\u5927\u5e45\u306b\u920d\u5316\u3059\u308b\u3068\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002\u91cd\u8981\u306a\u306e\u306f\u3001\u30b3\u30a2\u30b5\u30fc\u30d3\u30b9\uff08\u7279\u306b\u4f4f\u5b85\u3068\u533b\u7642\uff09\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u4f9d\u7136\u3068\u3057\u3066\u9811\u56fa\u3067\u3042\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u4f4f\u5b85\u8cbb\u306f\u5e02\u5834\u5bb6\u8cc3\u3088\u308a\u7d04 12 \u304b\u6708\u9045\u308c\u3066\u304a\u308a\u3001\u5bb6\u8cc3\u306e\u4e0b\u843d\u306f 2025 \u5e74\u4e0b\u534a\u671f\u306b\u5f90\u3005\u306b CPI \u306b\u53cd\u6620\u3055\u308c\u308b\u3068\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002\u4eba\u4ef6\u8cbb\u306f\u4f9d\u7136\u3068\u3057\u3066\u9ad8\u6b62\u307e\u308a\u3057\u3066\u304a\u308a\u3001\u30b5\u30fc\u30d3\u30b9\u7523\u696d\u306e\u4fa1\u683c\u6c7a\u5b9a\u529b\u3092\u62bc\u3057\u4e0a\u3052\u3066\u3044\u308b\u3002\u8ca1\u653f\u62e1\u5927\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u308b\u9700\u8981\u5074\u306e\u652f\u63f4\u3082\u30a4\u30f3\u30d5\u30ec\u306e\u4e0b\u652f\u3048\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u305d\u306e\u305f\u3081\u3001\u7dcf\u5408\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u76ee\u6a19\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3082\u306e\u306e\u3001FRB\u306f\u300c\u4f7f\u547d\u306f\u9054\u6210\u3055\u308c\u305f\u300d\u3068\u4e3b\u5f35\u3059\u308b\u306e\u304c\u96e3\u3057\u3044\u3002 \uff12\uff05\u306e\u5bfe\u79f0\u76ee\u6a19\u306f\u4f9d\u7136\u3068\u3057\u3066\u300c\u8fd1\u3065\u3044\u3066\u3044\u308b\u304c\u5b8c\u5168\u306b\u306f\u9054\u6210\u3055\u308c\u3066\u3044\u306a\u3044\u300d\u72b6\u614b\u3067\u3042\u308a\u3001\u6025\u901f\u304b\u3064\u5927\u5e45\u306a\u5229\u4e0b\u3052\u306e\u4f59\u5730\u306f\u9650\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n

\"\u65b0\u51a0\u80ba\u708e\u5168\u7403\u5927\u6d41\u884c\u5c01\u9501\uff0c\u523a\u6fc0\u8d22\u653f\u523a\u6fc0\u65b9\u6848\u653f\u5e9c\u4e3a\u4eba\u6c11\"<\/p>\n

3. FRB \u306e\u653f\u7b56\u7d4c\u8def: \u5229\u4e0b\u3052\u306f\u3086\u3063\u304f\u308a\u3068\u3057\u305f\u30da\u30fc\u30b9\u3067\u958b\u59cb\u3055\u308c\u3001\u305d\u306e\u5f8c\u6025\u901f\u306a\u30da\u30fc\u30b9\u3067\u958b\u59cb\u3055\u308c\u308b<\/p>\n

\u4e0a\u8a18\u306e\u7d4c\u6e08\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u5224\u65ad\u306b\u57fa\u3065\u3044\u3066\u3001Wmax \u306f\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u304c 2026 \u5e74\u306b\u5229\u4e0b\u3052\u30b5\u30a4\u30af\u30eb\u3092\u6b63\u5f0f\u306b\u958b\u59cb\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u9053\u7b4b\u306f\u300c\u614e\u91cd\u306a\u958b\u59cb\u3001\u6bb5\u968e\u7684\u306a\u524d\u9032\u3001\u305d\u306e\u5f8c\u306e\u52a0\u901f\u300d\u3068\u3044\u3046 3 \u6bb5\u968e\u306e\u7279\u5fb4\u3092\u793a\u3059\u3067\u3057\u3087\u3046\u3002<\/p>\n

\u4eca\u5e74\u4e0a\u534a\u671f\uff08\u7b2c1\u56db\u534a\u671f\uff5e\u7b2c2\u56db\u534a\u671f\uff09\uff1a\u5931\u696d\u7387\u304c4.3\uff05\u672a\u6e80\u3067\u5b89\u5b9a\u3057\u3001\u30b3\u30a2PCE\u304c2.8\uff05\u3092\u8d85\u3048\u305f\u307e\u307e\u3067\u3042\u308c\u3070\u3001FRB\u306f\u653f\u7b56\u306e\u30e9\u30b0\u52b9\u679c\u3092\u89b3\u5bdf\u3059\u308b\u305f\u3081\u306b\u5229\u4e0b\u3052\u30921\uff5e2\u56de\uff08\u6bce\u56de25\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\uff09\u306e\u307f\u884c\u3046\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u4eca\u5e74\u4e0b\u534a\u671f\uff08\u7b2c 3 \u56db\u534a\u671f\uff5e\u7b2c 4 \u56db\u534a\u671f\uff09\uff1a\u9078\u6319\u304c\u8fd1\u3065\u304f\u306b\u3064\u308c\u3001\u7d4c\u6e08\u6307\u6a19\u306f\u3055\u3089\u306b\u5f31\u307e\u308a\u3001\u653f\u6cbb\u7684\u30fb\u91d1\u878d\u7684\u5b89\u5b9a\u3078\u306e\u5727\u529b\u304c\u5f37\u307e\u308a\u3001\u5229\u4e0b\u3052\u306e\u30da\u30fc\u30b9\u304c\u52a0\u901f\u3057\u3001\u5e74\u9593\u306e\u7d2f\u7a4d\u5229\u4e0b\u3052\u5e45\u304c 75\uff5e100 \u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306b\u9054\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

\u91d1\u5229\u30c4\u30fc\u30eb\u3068\u8abf\u6574\u3057\u3001\u91d1\u878d\u72b6\u6cc1\u306e\u904e\u5ea6\u306e\u5f15\u304d\u7de0\u3081\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306b\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\uff08QT\uff09\u304c\u6e1b\u901f\u3055\u308c\u308b\u304b\u3001\u540c\u6642\u306b\u505c\u6b62\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3053\u3068\u306f\u6ce8\u76ee\u306b\u5024\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u91d1\u878d\u653f\u7b56\u304c\u300c\u5358\u4e00\u91d1\u5229\u512a\u4f4d\u300d\u304b\u3089\u300c\u91d1\u5229\uff0b\u6d41\u52d5\u6027\u300d\u306e\u4e8c\u91cd\u8ecc\u9053\u8abf\u6574\u3078\u79fb\u884c\u3059\u308b\u3053\u3068\u3092\u793a\u3059\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n

4. \u653f\u7b56\u306e\u30b8\u30ec\u30f3\u30de: \u91d1\u878d\u7de9\u548c\u3068\u8ca1\u653f\u7de9\u548c\u306e\u9593\u306e\u6f5c\u5728\u7684\u306a\u77db\u76fe<\/p>\n

2026 \u5e74\u306e\u7c73\u56fd\u306e\u30de\u30af\u30ed\u653f\u7b56\u30df\u30c3\u30af\u30b9\u306f\u3001\u300c\u7de9\u548c\u7684\u306a\u8ca1\u653f\u653f\u7b56 + \u5e83\u7bc4\u306a\u91d1\u878d\u653f\u7b56\u300d\u3068\u3044\u3046\u73cd\u3057\u3044\u4e26\u884c\u30d1\u30bf\u30fc\u30f3\u3092\u793a\u3059\u3067\u3057\u3087\u3046\u3002<\/p>\n

\u8ca1\u653f\u9762\u3067\u306f\u3001\u653f\u5e9c\u306e\u8d64\u5b57\u7387\u304c6%\u3092\u8d85\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u50b5\u52d9\/GDP\u306f125%\u3092\u8d85\u3048\u3066\u3044\u307e\u3059\u3002\u91d1\u878d\u9762\u3067\u306f\u3001\u91d1\u5229\u304c\u518d\u3073\u5f15\u304d\u4e0b\u3052\u3089\u308c\u3001\u6d41\u52d5\u6027\u304c\u308f\u305a\u304b\u306b\u6539\u5584\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n

\u3053\u306e\u7d44\u307f\u5408\u308f\u305b\u306f\u7d4c\u6e08\u3092\u652f\u3048\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u304c\u3001\u9577\u671f\u7684\u306a\u96a0\u308c\u305f\u5371\u967a\u3082\u751f\u307f\u51fa\u3057\u307e\u3059\u3002<\/p>\n

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