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class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/senfx.com\/wp-content\/uploads\/2026\/08\/body-base-revision.png\" alt=\"\u54c1\u76ee\u69cb\u6210\u306e\u7570\u306a\u308b\u4e8c\u3064\u306e\u5bb6\u8a08\u30d0\u30b9\u30b1\u30c3\u30c8\u3092\u5225\u3005\u306e\u6e2c\u5b9a\u53f0\u306b\u7f6e\u3044\u305f\u57fa\u6e96\u6539\u5b9a\u306e\u56f3\u89e3\" \/><figcaption>\u57fa\u6e96\u6539\u5b9a\u306f\u3001\u6307\u6570\u306e\u51fa\u767a\u70b9\u3068\u5bb6\u8a08\u306e\u8cb7\u3044\u7269\u304b\u3054\u306e\u69cb\u6210\u3092\u73fe\u5728\u306e\u6d88\u8cbb\u3078\u5408\u308f\u305b\u76f4\u3059\u4f5c\u696d\u3067\u3059\u3002<\/figcaption><\/figure>\n<h2>2\u3064\u76ee\u306e\u78ba\u8a8d\u306f\u3001\u4e09\u3064\u306e\u7269\u4fa1\u6307\u6a19\u3092\u6b63\u5f0f\u540d\u79f0\u3067\u5206\u3051\u308b\u3053\u3068\u3067\u3059<\/h2>\n<h3>\u300c\u30b3\u30a2\u300d\u3068\u3044\u3046\u547c\u3073\u65b9\u3060\u3051\u3067\u306f\u3001\u9664\u5916\u9805\u76ee\u304c\u5206\u304b\u308a\u307e\u305b\u3093<\/h3>\n<p>\u5e02\u5834\u3067\u306f\u300c\u30b3\u30a2CPI\u300d\u300c\u30b3\u30a2\u30b3\u30a2CPI\u300d\u3068\u3044\u3046\u8a00\u8449\u304c\u4f7f\u308f\u308c\u307e\u3059\u304c\u3001\u56fd\u3084\u8cc7\u6599\u306b\u3088\u3063\u3066\u6307\u3059\u7bc4\u56f2\u304c\u7570\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u7dcf\u52d9\u7701\u306e\u6b63\u5f0f\u540d\u79f0\u306b\u5408\u308f\u305b\u3066\u300c\u751f\u9bae\u98df\u54c1\u3092\u9664\u304f\u7dcf\u5408\u300d\u300c\u751f\u9bae\u98df\u54c1\u53ca\u3073\u30a8\u30cd\u30eb\u30ae\u30fc\u3092\u9664\u304f\u7dcf\u5408\u300d\u3068\u66f8\u304d\u307e\u3059\u3002<\/p>\n<p>\u898b\u51fa\u3057\u3067\u77ed\u3044\u547c\u3073\u65b9\u3092\u898b\u304b\u3051\u305f\u3089\u3001\u4f55\u3092\u9664\u3044\u305f\u7cfb\u5217\u306a\u306e\u304b\u3092\u4e00\u5ea6\u78ba\u8a8d\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002\u540d\u524d\u3092\u4e00\u884c\u9577\u304f\u8aad\u3080\u3060\u3051\u3067\u3001\u5225\u306e\u7d71\u8a08\u3092\u6bd4\u3079\u3066\u3057\u307e\u3046\u4e8b\u6545\u3092\u6e1b\u3089\u305b\u307e\u3059\u3002<\/p>\n<h3>\u524d\u5e74\u6bd4\u3068\u524d\u6708\u6bd4\u3082\u3001\u540c\u3058\u4e00\u5217\u3078\u7f6e\u304b\u306a\u3044\u3088\u3046\u306b\u3057\u307e\u3059<\/h3>\n<p>7\u6708\u306e\u5b63\u7bc0\u8abf\u6574\u6e08\u307f\u524d\u6708\u6bd4\u306f\u3001\u7dcf\u5408\u304c0.4\uff05\u3001\u751f\u9bae\u98df\u54c1\u3092\u9664\u304f\u7dcf\u5408\u304c0.3\uff05\u3001\u751f\u9bae\u98df\u54c1\u53ca\u3073\u30a8\u30cd\u30eb\u30ae\u30fc\u3092\u9664\u304f\u7dcf\u5408\u304c0.3\uff05\u3067\u3057\u305f\u3002\u524d\u5e74\u540c\u6708\u6bd4\u306e1.9\uff05\u30011.8\uff05\u30011.9\uff05\u3068\u306f\u3001\u6bd4\u8f03\u3059\u308b\u671f\u9593\u304c\u9055\u3044\u307e\u3059\u3002<\/p>\n<p>\u524d\u5e74\u6bd4\u306f\u4e00\u5e74\u524d\u3068\u306e\u8ddd\u96e2\u3001\u524d\u6708\u6bd4\u306f\u76f4\u524d\u306e\u6708\u304b\u3089\u306e\u52d5\u304d\u3092\u6620\u3057\u307e\u3059\u3002\u524d\u5e74\u6bd4\u304c\u843d\u3061\u7740\u3044\u3066\u3044\u3066\u3082\u3001\u8db3\u5143\u306e\u524d\u6708\u6bd4\u304c\u5f37\u307e\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u3002\u9006\u306e\u7d44\u307f\u5408\u308f\u305b\u3082\u3042\u308b\u305f\u3081\u3001\u671f\u9593\u306e\u672d\u3092\u5916\u3055\u305a\u306b\u8aad\u307f\u307e\u3059\u3002<\/p>\n<h2>3\u3064\u76ee\u306e\u78ba\u8a8d\u306f\u3001\u98df\u6599\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u306e\u52d5\u304d\u3092\u5206\u3051\u308b\u3053\u3068\u3067\u3059<\/h2>\n<h3>\u98df\u65993.5\uff05\u3068\u751f\u9bae\u98df\u54c17.0\uff05\u306f\u3001\u7dcf\u5408\u3088\u308a\u9ad8\u3044\u4f38\u3073\u3067\u3057\u305f<\/h3>\n<p>7\u6708\u306e\u98df\u6599\u306f\u524d\u5e74\u540c\u6708\u6bd43.5\uff05\u3001\u305d\u306e\u3046\u3061\u751f\u9bae\u98df\u54c1\u306f7.0\uff05\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002\u65e5\u3005\u306e\u8cb7\u3044\u7269\u3067\u611f\u3058\u308b\u8ca0\u62c5\u3068\u3001\u7dcf\u54081.9\uff05\u306e\u9593\u306b\u5dee\u304c\u3042\u308b\u306e\u306f\u4e0d\u601d\u8b70\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3088\u304f\u8cb7\u3046\u54c1\u76ee\u3084\u5bb6\u8a08\u3054\u3068\u306e\u652f\u51fa\u5272\u5408\u306b\u3088\u3063\u3066\u3001\u4f53\u611f\u3082\u5909\u308f\u308a\u307e\u3059\u3002<\/p>\n<p>\u751f\u9bae\u98df\u54c1\u306f\u5929\u5019\u3084\u5165\u8377\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044\u305f\u3081\u3001\u305d\u306e\u6708\u306e\u52d5\u304d\u3092\u7269\u4fa1\u5168\u4f53\u306e\u57fa\u8abf\u3068\u76f4\u7d50\u3055\u305b\u306a\u3044\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002\u4e00\u65b9\u3067\u3001\u5bb6\u8a08\u306e\u5b9f\u611f\u304b\u3089\u5207\u308a\u96e2\u3057\u3066\u3088\u3044\u6570\u5b57\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u57fa\u8abf\u3092\u898b\u308b\u7cfb\u5217\u3068\u751f\u6d3b\u5b9f\u611f\u306b\u8fd1\u3044\u7dcf\u5408\u3092\u3001\u5f79\u5272\u306e\u9055\u3046\u7a93\u3068\u3057\u3066\u4e26\u3079\u307e\u3059\u3002<\/p>\n<h3>\u30a8\u30cd\u30eb\u30ae\u30fc\u306f0.6\uff05\u3067\u3082\u3001\u5148\u306e\u52d5\u304d\u307e\u3067\u56fa\u5b9a\u3057\u307e\u305b\u3093<\/h3>\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u306f\u524d\u5e74\u540c\u6708\u6bd40.6\uff05\u306e\u4e0a\u6607\u3067\u3057\u305f\u3002\u96fb\u6c17\u30fb\u30ac\u30b9\u6599\u91d1\u306b\u306f\u71c3\u6599\u4fa1\u683c\u3060\u3051\u3067\u306a\u304f\u3001\u653f\u5e9c\u306e\u8ca0\u62c5\u8efd\u6e1b\u7b56\u3084\u6599\u91d1\u3078\u53cd\u6620\u3055\u308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class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/senfx.com\/wp-content\/uploads\/2026\/08\/body-three-indices.png\" alt=\"\u7dcf\u5408\u3001\u751f\u9bae\u98df\u54c1\u9664\u304f\u3001\u751f\u9bae\u98df\u54c1\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u9664\u304f\u3092\u4e09\u3064\u306e\u89b3\u6e2c\u30c8\u30ec\u30fc\u306b\u5206\u3051\u305f\u56f3\u89e3\" 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href=\"https:\/\/www.boj.or.jp\/mopo\/mpmdeci\/mpr_2026\/k260731a.pdf\">\u65e5\u672c\u9280\u884c\u300c\u5f53\u9762\u306e\u91d1\u878d\u653f\u7b56\u904b\u55b6\u306b\u3064\u3044\u3066\uff082026\u5e747\u670831\u65e5\uff09\u300d<\/a><\/li>\n<li><a href=\"https:\/\/www.boj.or.jp\/mopo\/outlook\/gor2607b.pdf\">\u65e5\u672c\u9280\u884c\u300c\u7d4c\u6e08\u30fb\u7269\u4fa1\u60c5\u52e2\u306e\u5c55\u671b\uff082026\u5e747\u6708\uff09\u300d<\/a><\/li>\n<li><a 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