{"id":78905,"date":"2026-01-02T16:05:04","date_gmt":"2026-01-02T07:05:04","guid":{"rendered":"https:\/\/www.marketresearch.co.jp\/insights\/bond-market-mordor\/"},"modified":"2026-03-27T06:07:50","modified_gmt":"2026-03-26T21:07:50","slug":"bond-market-mordor","status":"publish","type":"post","link":"https:\/\/www.marketresearch.co.jp\/insights\/bond-market-mordor\/","title":{"rendered":"\u50b5\u5238\u5e02\u5834 \u898f\u6a21\u30fb\u30b7\u30a7\u30a2\u5206\u6790\uff1a\u6210\u9577\u30c8\u30ec\u30f3\u30c9\u3068\u4e88\u6e2c (2025\u5e74\uff5e2030\u5e74)"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.marketresearch.co.jp\/insights\/wp-content\/uploads\/2026\/01\/bond-market-1751016475417-major-players.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.marketresearch.co.jp\/insights\/wp-content\/uploads\/2026\/01\/bond-market-size-image-1751009397705.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-0\">\n    1. \u306f\u3058\u3081\u306b<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          1.1 \u8abf\u67fb\u306e\u524d\u63d0\u6761\u4ef6 &amp; \u5e02\u5834\u306e\u5b9a\u7fa9<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          1.2 \u8abf\u67fb\u7bc4\u56f2<\/p>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-1\">\n    2. \u8abf\u67fb\u65b9\u6cd5<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-2\">\n    3. \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30b5\u30de\u30ea\u30fc<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-3\">\n    4. \u5e02\u5834\u6982\u6cc1<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          4.1 \u5e02\u5834\u6982\u8981<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.2 \u5e02\u5834\u306e\u63a8\u9032\u8981\u56e0<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          4.2.1 \u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306e\u5b89\u5b9a\u5316\u304c\u50b5\u5238\u914d\u5206\u3092\u652f\u63f4<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.2 \u8ca0\u50b5\u5bfe\u5fdc\u8cc7\u7523\u3078\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8cc7\u7523\u518d\u914d\u5206<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.3 \u4e16\u754c\u6307\u6570\u3078\u306e\u65b0\u8208\u5e02\u5834\u73fe\u5730\u901a\u8ca8\u5efa\u3066\u50b5\u5238\u306e\u7d44\u307f\u5165\u308c<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.4 ESG\u30e9\u30d9\u30eb\u4ed8\u304d\uff08\u30b0\u30ea\u30fc\u30f3\u3001\u30bd\u30fc\u30b7\u30e3\u30eb\u3001\u30b5\u30b9\u30c6\u30ca\u30d3\u30ea\u30c6\u30a3\u30fb\u30ea\u30f3\u30af\uff09\u50b5\u5238\u306e\u63a1\u7528\u62e1\u5927<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.5 \u5206\u6563\u578b\u53f0\u5e33\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u306e\u30c8\u30fc\u30af\u30f3\u5316\u50b5\u5238\u767a\u884c<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.6 \u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u6c7a\u6e08\u3092\u53ef\u80fd\u306b\u3059\u308b\u4e2d\u592e\u9280\u884c\u30c7\u30b8\u30bf\u30eb\u901a\u8ca8\u306e\u30d1\u30a4\u30ed\u30c3\u30c8<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          4.3 \u5e02\u5834\u306e\u963b\u5bb3\u8981\u56e0<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          4.3.1 \u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u6025\u52fe\u914d\u5316\u306b\u3088\u308b\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u5ef6\u9577\u30ea\u30b9\u30af<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.3.2 \u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u7d4c\u6e08\u306b\u304a\u3051\u308b\u30bd\u30d6\u30ea\u30f3\u50b5\u52d9\u306e\u6301\u7d9a\u53ef\u80fd\u6027\u306b\u95a2\u3059\u308b\u61f8\u5ff5<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.3.3 \u9280\u884c\u304a\u3088\u3073\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u52d8\u5b9a\u306b\u5bfe\u3059\u308b\u81ea\u5df1\u8cc7\u672c\u898f\u5236\u306e\u5f37\u5316\uff08\u30d0\u30fc\u30bc\u30ebIV\uff09<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.3.4 \u767a\u5c55\u9014\u4e0a\u5e02\u5834\u306b\u304a\u3051\u308b\u9577\u671f\u30d8\u30c3\u30b8\u624b\u6bb5\u306e\u4e0d\u8db3<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          4.4 \u30d0\u30ea\u30e5\u30fc\/\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u5206\u6790<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.5 \u898f\u5236\u74b0\u5883<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.6 \u6280\u8853\u7684\u5c55\u671b<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.7 \u30dd\u30fc\u30bf\u30fc\u306e5\u3064\u306e\u529b<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          4.7.1 \u65b0\u898f\u53c2\u5165\u8005\u306e\u8105\u5a01<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.2 \u8cb7\u3044\u624b\u306e\u4ea4\u6e09\u529b<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.3 \u4f9b\u7d66\u8005\u306e\u4ea4\u6e09\u529b<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.4 \u4ee3\u66ff\u54c1\u306e\u8105\u5a01<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.5 \u7af6\u4e89\u306e\u6fc0\u3057\u3055<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-4\">\n    5. \u5e02\u5834\u898f\u6a21\u3068\u6210\u9577\u4e88\u6e2c\uff08\u4fa1\u5024\u3001USD\u5146\uff09<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          5.1 \u7a2e\u985e\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.1.1 \u56fd\u50b5<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.2 \u5730\u65b9\u50b5<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.3 \u793e\u50b5<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.4 \u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.5 \u4f4f\u5b85\u30ed\u30fc\u30f3\u62c5\u4fdd\u8a3c\u5238<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.6 \u305d\u306e\u4ed6\uff08\u5909\u52d5\u5229\u4ed8\u50b5\u3001\u30bc\u30ed\u30af\u30fc\u30dd\u30f3\u50b5\u3001\u30b3\u30fc\u30e9\u30d6\u30eb\u50b5\uff09<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          5.2 \u767a\u884c\u4f53\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.2.1 \u516c\u5171\u90e8\u9580<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.2.2 \u6c11\u9593\u90e8\u9580<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          5.3 \u30bb\u30af\u30bf\u30fc\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.3.1 \u30a8\u30cd\u30eb\u30ae\u30fc\u30fb\u516c\u76ca\u4e8b\u696d<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.2 \u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u30e1\u30c7\u30a3\u30a2\u30fb\u901a\u4fe1<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.3 \u30d8\u30eb\u30b9\u30b1\u30a2\u30fb\u533b\u85ac\u54c1<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.4 \u6d88\u8cbb\u8ca1\uff08\u751f\u6d3b\u5fc5\u9700\u54c1\u30fb\u4e00\u822c\u6d88\u8cbb\u8ca1\uff09<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.5 \u8cc7\u672c\u8ca1\u30fb\u30b5\u30fc\u30d3\u30b9<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.6 \u4e0d\u52d5\u7523\u30fbREIT<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.7 \u305d\u306e\u4ed6<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          5.4 \u5730\u57df\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.4.1 \u5317\u7c73<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.1.1 \u7c73\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.1.2 \u30ab\u30ca\u30c0<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.1.3 \u30e1\u30ad\u30b7\u30b3<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.2 \u5357\u7c73<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.1 \u30d6\u30e9\u30b8\u30eb<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.2 \u30da\u30eb\u30fc<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.3 \u30c1\u30ea<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.4 \u30a2\u30eb\u30bc\u30f3\u30c1\u30f3<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.5 \u305d\u306e\u4ed6\u306e\u5357\u7c73\u8af8\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.3 \u6b27\u5dde<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.1 \u30c9\u30a4\u30c4<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.2 \u82f1\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.3 \u30d5\u30e9\u30f3\u30b9<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.4 \u30a4\u30bf\u30ea\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.5 \u30b9\u30da\u30a4\u30f3<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.6 \u30d9\u30cd\u30eb\u30af\u30b9\uff08\u30d9\u30eb\u30ae\u30fc\u3001\u30aa\u30e9\u30f3\u30c0\u3001\u30eb\u30af\u30bb\u30f3\u30d6\u30eb\u30af\uff09<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.7 \u5317\u6b27\uff08\u30b9\u30a6\u30a7\u30fc\u30c7\u30f3\u3001\u30ce\u30eb\u30a6\u30a7\u30fc\u3001\u30c7\u30f3\u30de\u30fc\u30af\u3001\u30d5\u30a3\u30f3\u30e9\u30f3\u30c9\uff09<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.8 \u305d\u306e\u4ed6\u306e\u6b27\u5dde\u8af8\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.4 \u30a2\u30b8\u30a2\u592a\u5e73\u6d0b<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.1 \u4e2d\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.2 \u30a4\u30f3\u30c9<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.3 \u65e5\u672c<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.4 \u97d3\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.5 \u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.6 \u6771\u5357\u30a2\u30b8\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.7 \u30a4\u30f3\u30c9\u30cd\u30b7\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.8 \u305d\u306e\u4ed6\u306e\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.5 \u4e2d\u6771\u30fb\u30a2\u30d5\u30ea\u30ab<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.1 \u30a2\u30e9\u30d6\u9996\u9577\u56fd\u9023\u90a6<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.2 \u30b5\u30a6\u30b8\u30a2\u30e9\u30d3\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.3 \u5357\u30a2\u30d5\u30ea\u30ab<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.4 \u30ca\u30a4\u30b8\u30a7\u30ea\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.5 \u305d\u306e\u4ed6\u306e\u4e2d\u6771\u30fb\u30a2\u30d5\u30ea\u30ab\u5730\u57df<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-5\">\n    6. \u7af6\u5408\u60c5\u52e2<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          6.1 \u5e02\u5834\u96c6\u4e2d\u5ea6<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          6.2 \u6226\u7565\u7684\u52d5\u304d<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          6.3 \u5e02\u5834\u30b7\u30a7\u30a2\u5206\u6790<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          6.4 \u4f01\u696d\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb\uff08\u30b0\u30ed\u30fc\u30d0\u30eb\u30ec\u30d9\u30eb\u306e\u6982\u8981\u3001\u5e02\u5834\u30ec\u30d9\u30eb\u306e\u6982\u8981\u3001\u4e3b\u8981\u30bb\u30b0\u30e1\u30f3\u30c8\u3001\u5229\u7528\u53ef\u80fd\u306a\u8ca1\u52d9\u60c5\u5831\u3001\u6226\u7565\u60c5\u5831\u3001\u5e02\u5834\u30e9\u30f3\u30af\/\u30b7\u30a7\u30a2\u3001\u88fd\u54c1\u30fb\u30b5\u30fc\u30d3\u30b9\u3001\u6700\u8fd1\u306e\u52d5\u5411\u3092\u542b\u3080\uff09<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          6.4.1 \u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.2 \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.3 \u7c73\u56fd\u8ca1\u52d9\u7701\uff08\u30bd\u30d6\u30ea\u30f3\uff09<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.4 \u65e5\u672c\u653f\u5e9c<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.5 UBS\u30b0\u30eb\u30fc\u30d7AG<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.6 \u30bd\u30b7\u30a8\u30c6\u30fb\u30b8\u30a7\u30cd\u30e9\u30eb<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.7 \u30af\u30ec\u30c7\u30a3\u30fb\u30b9\u30a4\u30b9\u30fb\u30b0\u30eb\u30fc\u30d7AG<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.8 \u30b5\u30a6\u30b8\u30a2\u30e9\u30e0\u30b3<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.9 \u30d0\u30fc\u30af\u30b7\u30e3\u30fc\u30fb\u30cf\u30b5\u30a6\u30a7\u30a4<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.10 \u4e2d\u83ef\u4eba\u6c11\u5171\u548c\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.11 JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.12 \u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u30fb\u30b0\u30eb\u30fc\u30d7<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.13 \u30d6\u30e9\u30c3\u30af\u30ed\u30c3\u30af<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.14 HSBC\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.15 \u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.16 BNP\u30d1\u30ea\u30d0<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.17 \u30b7\u30c6\u30a3\u30b0\u30eb\u30fc\u30d7<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.18 \u30c9\u30a4\u30c4\u9280\u884c<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.19 \u30af\u30ec\u30c7\u30a3\u30fb\u30a2\u30b0\u30ea\u30b3\u30eb<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.20 \u30d0\u30fc\u30af\u30ec\u30a4\u30ba<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.21 \u6b27\u5dde\u9023\u5408\u304a\u3088\u3073EFSF\/ESM<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.22 AT&amp;T<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.23 \u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.24 \u30d9\u30e9\u30a4\u30be\u30f3\u30fb\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u30ba<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-6\">\n    7. \u5e02\u5834\u6a5f\u4f1a\u3068\u5c06\u6765\u5c55\u671b<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u50b5\u5238\u5e02\u5834\u306e\u6982\u8981\uff1a2025\u5e74\u304b\u30892030\u5e74\u306e\u6210\u9577\u30c8\u30ec\u30f3\u30c9\u3068\u4e88\u6e2c<\/p>\n<p>\u4e16\u754c\u306e\u50b5\u5238\u5e02\u5834\u306f\u30012025\u5e74\u306b\u306f120.58\u5146\u7c73\u30c9\u30eb\u306e\u898f\u6a21\u306b\u9054\u3057\u30012030\u5e74\u307e\u3067\u306b160.85\u5146\u7c73\u30c9\u30eb\u306b\u6210\u9577\u3059\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u304a\u308a\u30012025\u5e74\u304b\u30892030\u5e74\u307e\u3067\u306e\u5e74\u5e73\u5747\u6210\u9577\u7387\uff08CAGR\uff09\u306f5.93%\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u5e02\u5834\u306e\u62e1\u5927\u306f\u3001\u4e2d\u592e\u9280\u884c\u30c7\u30b8\u30bf\u30eb\u901a\u8ca8\uff08CBDC\uff09\u3092\u7528\u3044\u305f\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u6c7a\u6e08\u306e\u8a66\u9a13\u904b\u7528\u3001\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u50b5\u5238\u767a\u884c\u306e\u5897\u52a0\u3001\u304a\u3088\u3073\u8907\u6570\u306e\u56fd\u306e\u4e2d\u592e\u9280\u884c\u306b\u304a\u3051\u308b\u91d1\u878d\u7de9\u548c\u30b5\u30a4\u30af\u30eb\u306e\u540c\u671f\u306b\u3088\u308b\u653f\u7b56\u91d1\u5229\u306e\u5f15\u304d\u4e0b\u3052\u306b\u3088\u3063\u3066\u63a8\u9032\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u540c\u6642\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306e\u5b89\u5b9a\u5316\u304c\u6226\u7565\u7684\u306a\u50b5\u5238\u914d\u5206\u3092\u518d\u6d3b\u6027\u5316\u3055\u305b\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u8ca0\u50b5\u3068\u306e\u6574\u5408\u6027\u3092\u56f3\u308a\u3001\u3088\u308a\u9ad8\u3044\u30af\u30fc\u30dd\u30f3\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u3001\u77ed\u671f\u73fe\u91d1\u540c\u7b49\u7269\u304b\u3089\u9577\u671f\u8a3c\u5238\u3078\u3068\u30b7\u30d5\u30c8\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e3b\u8981\u306a\u5e02\u5834\u52d5\u5411\u3068\u6d1e\u5bdf<\/p>\n<p>\u5e02\u5834\u3092\u727d\u5f15\u3059\u308b\u8981\u56e0\uff1a<br \/>\n*   \u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306e\u5b89\u5b9a\u5316\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a+1.2%\uff09\uff1a \u30d1\u30f3\u30c7\u30df\u30c3\u30af\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4f4e\u4e0b\u3057\u3001\u4e2d\u592e\u9280\u884c\u304c\u5354\u8abf\u7684\u306a\u91d1\u878d\u7de9\u548c\u30b5\u30a4\u30af\u30eb\u3092\u958b\u59cb\u3057\u305f\u3053\u3068\u3067\u3001\u6295\u8cc7\u5bb6\u306f\u30d7\u30e9\u30b9\u306e\u5b9f\u8cea\u30ea\u30bf\u30fc\u30f3\u3092\u6c42\u3081\u3066\u540d\u76ee\u5229\u56de\u308a\u304c\u5341\u5206\u306b\u9ad8\u3044\u50b5\u5238\u306b\u5f15\u304d\u4ed8\u3051\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u9577\u671f\u5316\u3057\u3001\u73fe\u91d1\u304b\u3089\u6295\u8cc7\u9069\u683c\u50b5\u5238\u3078\u3068\u30b7\u30d5\u30c8\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u3088\u308b\u8ca0\u50b5\u5bfe\u5fdc\u8cc7\u7523\u3078\u306e\u518d\u914d\u5206\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a+0.8%\uff09\uff1a \u5e74\u91d1\u57fa\u91d1\u3084\u4fdd\u967a\u4f1a\u793e\u306f\u3001\u6570\u5341\u5e74\u5148\u306e\u8ca0\u50b5\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u4e00\u81f4\u3055\u305b\u308b\u305f\u3081\u3001\u9577\u671f\u8a3c\u5238\u3078\u306e\u6295\u8cc7\u3092\u7a4d\u6975\u7684\u306b\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u30bd\u30d6\u30ea\u30f3\u50b5\u3084\u9ad8\u683c\u4ed8\u3051\u793e\u50b5\u306e\u5b9f\u8cea\u5229\u56de\u308a\u304c\u30d7\u30e9\u30b9\u3067\u3042\u308b\u3053\u3068\u306f\u3001\u50b5\u5238\u306e\u53ce\u76ca\u751f\u6210\u80fd\u529b\u3092\u56de\u5fa9\u3055\u305b\u3001\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u4ee3\u66ff\u8cc7\u7523\u3092\u8ffd\u6c42\u3059\u308b\u5fc5\u8981\u6027\u3092\u4f4e\u6e1b\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u65b0\u8208\u5e02\u5834\u73fe\u5730\u901a\u8ca8\u5efa\u3066\u50b5\u5238\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u6307\u6570\u3078\u306e\u7d44\u307f\u5165\u308c\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a+0.6%\uff09\uff1a \u30a4\u30f3\u30c9\u306eJP\u30e2\u30eb\u30ac\u30f3\u653f\u5e9c\u50b5\u5238\u6307\u6570\u3078\u306e\u7d44\u307f\u5165\u308c\u306f\u30011,000\u5104\u7c73\u30c9\u30eb\u306e\u30d1\u30c3\u30b7\u30d6\u8cc7\u91d1\u6d41\u5165\u3092\u4fc3\u3057\u3001\u6d41\u901a\u5e02\u5834\u306e\u6d41\u52d5\u6027\u3092\u9ad8\u3081\u3001\u58f2\u8cb7\u30b9\u30d7\u30ec\u30c3\u30c9\u3092\u7e2e\u5c0f\u3059\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u540c\u69d8\u306e\u52d5\u304d\u306f\u30a4\u30f3\u30c9\u30cd\u30b7\u30a2\u3084\u30d9\u30c8\u30ca\u30e0\u3067\u3082\u898b\u3089\u308c\u3001\u73fe\u5730\u5e02\u5834\u306e\u6539\u9769\u3092\u52a0\u901f\u3055\u305b\u3066\u3044\u307e\u3059\u3002<br \/>\n*   ESG\u30e9\u30d9\u30eb\u4ed8\u304d\u50b5\u5238\u306e\u63a1\u7528\u62e1\u5927\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a+0.4%\uff09\uff1a \u5730\u653f\u5b66\u7684\u306a\u4e0d\u78ba\u5b9f\u6027\u306b\u3088\u308a2025\u5e74\u306e\u65b0\u898f\u767a\u884c\u984d\u306f\u524d\u5e74\u6bd4\u3067\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u4e2d\u671f\u7684\u306a\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306f\u5805\u8abf\u3067\u3059\u3002\u30b0\u30ea\u30fc\u30f3\u30dc\u30f3\u30c9\u306f\u6301\u7d9a\u53ef\u80fd\u306a\u767a\u884c\u5168\u4f53\u306e58%\u3092\u5360\u3081\u3001\u6b27\u5dde\u9023\u5408\u306e\u30b0\u30ea\u30fc\u30f3\u30dc\u30f3\u30c9\u57fa\u6e96\u306b\u3088\u3063\u3066\u5206\u985e\u306e\u660e\u78ba\u6027\u304c\u63d0\u4f9b\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u5206\u6563\u578b\u53f0\u5e33\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u4e0a\u3067\u306e\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u50b5\u5238\u767a\u884c\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a+0.3%\uff09\uff1a \u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff08ECB\uff09\u3068\u30af\u30ea\u30a2\u30b9\u30c8\u30ea\u30fc\u30e0\u306b\u3088\u308b\u30c8\u30fc\u30af\u30f3\u5316\u50b5\u5238\u306e\u8a66\u9a13\u904b\u7528\u306f\u3001\u5206\u6563\u578b\u53f0\u5e33\u30a4\u30f3\u30d5\u30e9\u304c\u53d6\u5f15\u5f8c\u306e\u6469\u64e6\u3068\u624b\u4f5c\u696d\u306b\u3088\u308b\u51e6\u7406\u30b3\u30b9\u30c8\u3092\u524a\u6e1b\u3067\u304d\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u3055\u3089\u306a\u308b\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u4fc3\u9032\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u4e2d\u592e\u9280\u884c\u30c7\u30b8\u30bf\u30eb\u901a\u8ca8\uff08CBDC\uff09\u306e\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u6c7a\u6e08\u3092\u53ef\u80fd\u306b\u3059\u308b\u8a66\u9a13\u904b\u7528\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a+0.2%\uff09\uff1a CBDC\u306e\u8a66\u9a13\u904b\u7528\u306f\u3001\u6c7a\u6e08\u52b9\u7387\u306e\u5411\u4e0a\u306b\u8ca2\u732e\u3057\u3001\u50b5\u5238\u5e02\u5834\u306e\u6210\u9577\u3092\u5f8c\u62bc\u3057\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5e02\u5834\u3092\u6291\u5236\u3059\u308b\u8981\u56e0\uff1a<br \/>\n*   \u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u30b9\u30c6\u30a3\u30fc\u30d7\u5316\u306b\u3088\u308b\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u5ef6\u9577\u30ea\u30b9\u30af\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a-0.9%\uff09\uff1a \u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u7d9a\u304f\u4e2d\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c\u5927\u898f\u6a21\u306a\u8cb7\u3044\u624b\u3068\u3057\u3066\u4e0d\u5728\u3067\u3042\u308b\u3053\u3068\u306f\u3001\u4f9b\u7d66\u4e3b\u5c0e\u306e\u30ab\u30fc\u30d6\u30b9\u30c6\u30a3\u30fc\u30d7\u5316\u3092\u5897\u5e45\u3055\u305b\u3001\u6295\u8cc7\u5bb6\u3092\u30af\u30fc\u30dd\u30f3\u53ce\u5165\u3092\u8d85\u3048\u308b\u8a55\u4fa1\u640d\u306b\u3055\u3089\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<br \/>\n*   \u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u7d4c\u6e08\u306b\u304a\u3051\u308b\u30bd\u30d6\u30ea\u30f3\u50b5\u52d9\u306e\u6301\u7d9a\u53ef\u80fd\u6027\u3078\u306e\u61f8\u5ff5\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a-0.7%\uff09\uff1a \u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u8af8\u56fd\u306f\u5408\u8a0829\u5146\u7c73\u30c9\u30eb\u306e\u50b5\u52d9\u3092\u62b1\u3048\u3066\u304a\u308a\u3001\u4e16\u754c\u7684\u306a\u5b9f\u8cea\u91d1\u5229\u306e\u4e0a\u6607\u306f\u501f\u308a\u63db\u3048\u30ea\u30b9\u30af\u3092\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002\u30bd\u30d6\u30ea\u30f3\u30fb\u9280\u884c\u9593\u306e\u9023\u95a2\u306f\u3001\u56fd\u5185\u9280\u884c\u304c\u653f\u5e9c\u50b5\u5238\u306e\u96c6\u4e2d\u4fdd\u6709\u3092\u3059\u308b\u3053\u3068\u304c\u591a\u3044\u305f\u3081\u3001\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u306a\u5727\u529b\u3092\u9ad8\u3081\u307e\u3059\u3002<br \/>\n*   \u9280\u884c\u306e\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u5e33\u7c3f\u306b\u5bfe\u3059\u308b\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u898f\u5236\u306e\u5f37\u5316\uff08\u30d0\u30fc\u30bc\u30ebIV\uff09\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a-0.5%\uff09\uff1a \u30d0\u30fc\u30bc\u30ebIV\u306b\u3088\u308b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u5e33\u7c3f\u3078\u306e\u81ea\u5df1\u8cc7\u672c\u8ce6\u8ab2\u306f\u3001\u5f93\u6765\u306e\u9280\u884c\u306b\u3068\u3063\u3066\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u30b3\u30b9\u30c8\u3092\u5897\u52a0\u3055\u305b\u3001\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3078\u306e\u79fb\u884c\u3092\u4fc3\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u65b0\u8208\u5e02\u5834\u306b\u304a\u3051\u308b\u9577\u671f\u30d8\u30c3\u30b8\u624b\u6bb5\u306e\u4e0d\u8db3\uff08CAGR\u3078\u306e\u5f71\u97ff\uff1a-0.3%\uff09\uff1a \u65b0\u8208\u5e02\u5834\u3067\u306f\u9577\u671f\u30d8\u30c3\u30b8\u624b\u6bb5\u304c\u4e0d\u8db3\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u304c\u6d41\u52d5\u6027\u3092\u6291\u5236\u3057\u3001\u5e02\u5834\u5168\u4f53\u306e\u6210\u9577\u3092\u59a8\u3052\u308b\u8981\u56e0\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30bb\u30b0\u30e1\u30f3\u30c8\u5206\u6790<\/p>\n<p>*   \u30bf\u30a4\u30d7\u5225\uff1a<br \/>\n    *   \u56fd\u50b5\uff08Treasury Bonds\uff09\uff1a 2024\u5e74\u306b\u306f\u5e02\u5834\u5168\u4f53\u306e45.4%\u3092\u5360\u3081\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u50b5\u5238\u5e02\u5834\u306b\u304a\u3051\u308b\u4fe1\u7528\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u4fa1\u683c\u8a2d\u5b9a\u306e\u4e3b\u8981\u306a\u53c2\u7167\u66f2\u7dda\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u6d41\u52d5\u6027\u7ba1\u7406\u3001\u62c5\u4fdd\u3001\u30ea\u30b9\u30af\u30d5\u30ea\u30fc\u30d8\u30c3\u30b8\u306e\u305f\u3081\u306b\u56fd\u50b5\u3092\u5f15\u304d\u7d9a\u304d\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n    *   \u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\uff08High-Yield Bonds\uff09\uff1a 2024\u5e74\u306b\u306f\u7c73\u56fd\u306752.4%\u3001\u6b27\u5dde\u306785.9%\u5897\u52a0\u3057\u30012030\u5e74\u307e\u3067\u306eCAGR\u306f8.41%\u3068\u4e88\u6e2c\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u501f\u308a\u624b\u306f\u6e80\u671f\u5230\u6765\u306b\u5148\u7acb\u3063\u3066\u501f\u308a\u63db\u3048\u3092\u524d\u5012\u3057\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n    *   \u793e\u50b5\uff08Corporate Bonds\uff09\uff1a 2024\u5e74\u306b\u306f\u767a\u884c\u984d\u304c1\u5146\u7c73\u30c9\u30eb\u3092\u8d85\u3048\u3001\u5909\u52d5\u5229\u4ed8\u50b5\u306e\u9700\u8981\u3082\u6025\u5897\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n    *   \u4f4f\u5b85\u30ed\u30fc\u30f3\u62c5\u4fdd\u8a3c\u5238\uff08Mortgage-Backed Securities\uff09\uff1a \u5b89\u5b9a\u3057\u305f\u8cb7\u3044\u652f\u3048\u3092\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n    *   \u5168\u4f53\u3068\u3057\u3066\u3001\u5b89\u5168\u8cc7\u7523\u3078\u306e\u9003\u907f\u3068\u5229\u56de\u308a\u8ffd\u6c42\u3068\u3044\u3046\u4e8c\u6975\u5316\u3057\u305f\u72b6\u6cc1\u304c\u5171\u5b58\u3057\u3001\u5e02\u5834\u5168\u4f53\u306e\u6210\u9577\u3092\u652f\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>*   \u767a\u884c\u4f53\u5225\uff1a<br \/>\n    *   \u516c\u5171\u90e8\u9580\uff08Public Sector Issuers\uff09\uff1a 2024\u5e74\u306b\u306f\u767a\u884c\u984d\u306e50.1%\u3092\u5360\u3081\u3001\u5927\u898f\u6a21\u306a\u30bd\u30d6\u30ea\u30f3\u8cc7\u91d1\u8abf\u9054\u30d7\u30ed\u30b0\u30e9\u30e0\u3084\u4e3b\u8981\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u91cf\u7684\u7de9\u548c\u306e\u518d\u6295\u8cc7\u3092\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n    *   \u6c11\u9593\u90e8\u9580\uff08Private Sector Issuers\uff09\uff1a 2030\u5e74\u307e\u3067\u306eCAGR\u306f7.62%\u3068\u4e88\u6e2c\u3055\u308c\u3066\u304a\u308a\u3001\u4f01\u696d\u304c\u6709\u5229\u306a\u9577\u671f\u30af\u30fc\u30dd\u30f3\u3092\u78ba\u4fdd\u3057\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u306b\u5bfe\u5fdc\u3059\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u901f\u3044\u6210\u9577\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>*   \u30bb\u30af\u30bf\u30fc\u5225\uff1a<br \/>\n    *   \u4e0d\u52d5\u7523\u30fbREITs\uff08Real Estate &#038; REITs\uff09\uff1a 2024\u5e74\u306b\u306f\u5e02\u5834\u5168\u4f53\u306e32.1%\u3092\u5360\u3081\u307e\u3057\u305f\u304c\u3001\u30ad\u30e3\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u4e0a\u6607\u3084\u30aa\u30d5\u30a3\u30b9\u4fa1\u683c\u306e\u4e0b\u843d\u306b\u3088\u308a\u3001\u62c5\u4fdd\u8a55\u4fa1\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n    *   \u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u30fb\u30e1\u30c7\u30a3\u30a2\u30fb\u901a\u4fe1\uff08TMT\uff09\uff1a AI\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u306e\u8cc7\u91d1\u8abf\u9054\u306b\u727d\u5f15\u3055\u308c\u30016.51%\u306eCAGR\u3067\u6210\u9577\u3057\u3066\u3044\u307e\u3059\u3002\u30c7\u30b8\u30bf\u30eb\u30a4\u30f3\u30d5\u30e9\u50b5\u5238\u304c\u4f1d\u7d71\u7684\u306a\u4e0d\u52d5\u7523\u8cc7\u7523\u306b\u53d6\u3063\u3066\u4ee3\u308f\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<br \/>\n    *   \u516c\u76ca\u4e8b\u696d\uff08Utilities\uff09\uff1a \u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u3078\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3092\u8cc7\u91d1\u8abf\u9054\u3059\u308b\u305f\u3081\u3001\u767a\u884c\u984d\u304c18%\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n    *   \u30d8\u30eb\u30b9\u30b1\u30a2\uff08Healthcare\uff09\uff1a \u9632\u5fa1\u7684\u306a\u30bb\u30af\u30bf\u30fc\u3068\u3057\u3066\u5805\u8abf\u3067\u3059\u3002<br \/>\n    *   \u4e00\u822c\u6d88\u8cbb\u8ca1\uff08Consumers\uff09\uff1a \u30de\u30fc\u30b8\u30f3\u5727\u7e2e\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5730\u57df\u5206\u6790<\/p>\n<p>*   \u5317\u7c73\uff1a 2024\u5e74\u306b\u306f\u4e16\u754c\u306e\u50b5\u5238\u5e02\u5834\u306e39.4%\u3092\u5360\u3081\u307e\u3057\u305f\u3002\u6df1\u3044\u56fd\u50b5\u304a\u3088\u3073\u653f\u5e9c\u6a5f\u95a2\u50b5\u5e02\u5834\u306f\u62c5\u4fdd\u3092\u63d0\u4f9b\u3057\u3001\u7c73\u30c9\u30eb\u306e\u57fa\u8ef8\u901a\u8ca8\u3068\u3057\u3066\u306e\u5f79\u5272\u304c\u56fd\u5883\u3092\u8d8a\u3048\u305f\u6d41\u52d5\u6027\u3092\u78ba\u4fdd\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\uff1a 2030\u5e74\u307e\u3067\u306eCAGR\u306f6.73%\u3068\u4e88\u6e2c\u3055\u308c\u3066\u304a\u308a\u3001\u4e3b\u8981\u306a\u6210\u9577\u30a8\u30f3\u30b8\u30f3\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u30a4\u30f3\u30c9\u306eJP\u30e2\u30eb\u30ac\u30f3GBI-EM\u6307\u6570\u3078\u306e\u5b8c\u5168\u7d44\u307f\u5165\u308c\u306f\u30011,000\u5104\u7c73\u30c9\u30eb\u306e\u65b0\u305f\u306a\u8cc7\u91d1\u6d41\u5165\u3092\u4fc3\u3057\u3066\u3044\u307e\u3059\u3002\u4e2d\u56fd\u306f\u3001\u76f8\u5bfe\u7684\u306a\u5229\u56de\u308a\u9b45\u529b\u304b\u3089\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u304c\u682a\u5f0f\u304b\u3089\u30aa\u30f3\u30b7\u30e7\u30a2\u50b5\u5238\u306b\u79fb\u884c\u3059\u308b\u4e2d\u3067\u5805\u8abf\u3092\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u6b27\u5dde\uff1a 2025\u5e74\u306b\u306f\u904e\u53bb\u6700\u9ad8\u306e\u30bd\u30d6\u30ea\u30f3\u8cc7\u91d1\u8abf\u9054\u30ab\u30ec\u30f3\u30c0\u30fc\u306b\u76f4\u9762\u3057\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u62e1\u5927\u306e\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u304c\u3001ECB\u306b\u3088\u308b2024\u5e74\u534a\u3070\u4ee5\u964d\u306e\u7d2f\u8a0875\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u5229\u4e0b\u3052\u304c\u6d41\u901a\u5e02\u5834\u306e\u8a55\u4fa1\u3092\u5b89\u5b9a\u3055\u305b\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u5357\u7c73\uff1a \u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u4fa1\u683c\u306e\u4e0a\u6607\u3092\u5229\u7528\u3057\u3066\u30a4\u30f3\u30d5\u30e9\u50b5\u5238\u3092\u767a\u884c\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u3084\u30b3\u30ed\u30f3\u30d3\u30a2\u306e\u8ca1\u653f\u306e\u8106\u5f31\u6027\u304c\u671f\u9593\u3092\u5236\u7d04\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u4e2d\u6771\u30fb\u30a2\u30d5\u30ea\u30ab\uff1a \u6e7e\u5cb8\u5354\u529b\u4f1a\u8b70\uff08GCC\uff09\u52a0\u76df\u56fd\u306f\u70ad\u5316\u6c34\u7d20\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u5229\u7528\u3057\u3066\u30b9\u30af\u30fc\u30af\u3092\u767a\u884c\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u30b5\u30cf\u30e9\u4ee5\u5357\u306e\u3044\u304f\u3064\u304b\u306e\u56fd\u306f\u30bd\u30d6\u30ea\u30f3\u50b5\u52d9\u518d\u7de8\u30b7\u30ca\u30ea\u30aa\u306b\u76f4\u9762\u3057\u3001\u5e02\u5834\u30a2\u30af\u30bb\u30b9\u304c\u5236\u9650\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u7af6\u4e89\u74b0\u5883<\/p>\n<p>\u4e16\u754c\u306e\u50b5\u5238\u5e02\u5834\u306f\u9069\u5ea6\u306b\u7d30\u5206\u5316\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ad\u30f3\u30b0\u306f\u30b7\u30bf\u30c7\u30eb\u30fb\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba\u3084\u30b8\u30a7\u30fc\u30f3\u30fb\u30b9\u30c8\u30ea\u30fc\u30c8\u306a\u3069\u306e\u96fb\u5b50\u30c7\u30a3\u30fc\u30e9\u30fc\u306b\u96c6\u4e2d\u3057\u3064\u3064\u3042\u308a\u307e\u3059\u3002\u30d0\u30fc\u30bc\u30ebIV\u306b\u3088\u308b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u5e33\u7c3f\u3078\u306e\u81ea\u5df1\u8cc7\u672c\u8ce6\u8ab2\u306f\u3001\u5f93\u6765\u306e\u9280\u884c\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u30b3\u30b9\u30c8\u3092\u5897\u52a0\u3055\u305b\u3001\u3088\u308a\u4f4e\u3044\u30ec\u30d0\u30ec\u30c3\u30b8\u3067\u30ea\u30b9\u30af\u3092\u7ba1\u7406\u3067\u304d\u308b\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3078\u306e\u79fb\u884c\u3092\u4fc3\u3057\u3066\u3044\u307e\u3059\u3002\u30c8\u30fc\u30af\u30f3\u5316\u306f\u6226\u7565\u7684\u306a\u5dee\u5225\u5316\u8981\u56e0\u3068\u3057\u3066\u6d6e\u4e0a\u3057\u3066\u304a\u308a\u3001ECB\u306e\u8a66\u9a13\u904b\u7528\u3067\u306f\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u6c7a\u6e08\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u5727\u7e2e\u304c\u5b9f\u8a3c\u3055\u308c\u3001\u30de\u30c3\u30ad\u30f3\u30bc\u30fc\u306f2030\u5e74\u307e\u3067\u306b\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u50b5\u5238\u306e\u6b8b\u9ad8\u304c1\u5146\u7c73\u30c9\u30eb\u3092\u8d85\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u63a8\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u6700\u8fd1\u306e\u696d\u754c\u52d5\u5411<\/p>\n<p>*   2025\u5e746\u6708\uff1a ECB\u3068\u30af\u30ea\u30a2\u30b9\u30c8\u30ea\u30fc\u30e0\u306f\u3001\u30c9\u30a4\u30c4\u521d\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u5206\u6563\u578b\u53f0\u5e33\u6c7a\u6e08\u3068\u3057\u3066\u3001500\u4e07\u30e6\u30fc\u30ed\u306e\u30c8\u30fc\u30af\u30f3\u5316\u50b5\u5238\u3092\u5b9f\u969b\u306e\u4e2d\u592e\u9280\u884c\u30de\u30cd\u30fc\u3067\u6c7a\u6e08\u3057\u307e\u3057\u305f\u3002<br \/>\n*   2025\u5e742\u6708\uff1a \u30a4\u30f3\u30c9\u306fJP\u30e2\u30eb\u30ac\u30f3GBI-EM\u6307\u6570\u3078\u306e\u5b8c\u5168\u7d44\u307f\u5165\u308c\u3092\u5b8c\u4e86\u3057\u3001\u30d1\u30c3\u30b7\u30d6\u8cc7\u91d1\u6d41\u5165\u3092\u8a98\u767a\u3057\u3001\u4ed6\u306e\u65b0\u8208\u5e02\u5834\u6539\u9769\u306e\u30c6\u30f3\u30d7\u30ec\u30fc\u30c8\u3092\u8a2d\u5b9a\u3057\u307e\u3057\u305f\u3002<br \/>\n*   2024\u5e7412\u6708\uff1a \u4e16\u754c\u9280\u884c\u306f\u3001\u6e96\u5099\u91d1\u7ba1\u7406\u8005\u304b\u3089\u5fdc\u52df\u8d85\u904e\u3068\u306a\u3063\u305f12.5\u5104\u7c73\u30c9\u30eb\u306eSOFR\u9023\u52d5\u578b\u5909\u52d5\u5229\u4ed8\u6301\u7d9a\u53ef\u80fd\u306a\u958b\u767a\u50b5\u5238\u3092\u767a\u884c\u3057\u307e\u3057\u305f\u3002<br \/>\n*   2024\u5e7411\u6708\uff1a \u30b8\u30cb\u30fc\u30e1\u30a4\u306f2024\u5e748\u6708\u306b400\u5104\u7c73\u30c9\u30eb\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u62c5\u4fdd\u8a3c\u5238\u3092\u767a\u884c\u3057\u3001\u30d5\u30a1\u30cb\u30fc\u30e1\u30a4\u3068\u30d5\u30ec\u30c7\u30a3\u30de\u30c3\u30af\u306e\u767a\u884c\u984d\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u8981\u56e0\u304c\u8907\u5408\u7684\u306b\u4f5c\u7528\u3057\u3001\u4e16\u754c\u306e\u50b5\u5238\u5e02\u5834\u306f\u4eca\u5f8c\u3082\u6210\u9577\u3092\u7d9a\u3051\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u30ec\u30dd\u30fc\u30c8\u306f\u3001\u50b5\u5238\u5e02\u5834\u306b\u95a2\u3059\u308b\u5305\u62ec\u7684\u306a\u5206\u6790\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u50b5\u5238\u3068\u306f\u3001\u653f\u5e9c\u307e\u305f\u306f\u4f01\u696d\u304c\u767a\u884c\u3059\u308b\u3001\u8cb8\u4ed8\u91d1\u3068\u6240\u5b9a\u306e\u5229\u7387\u3067\u306e\u5229\u606f\u306e\u8fd4\u6e08\u3092\u7d04\u675f\u3059\u308b\u516c\u5f0f\u6587\u66f8\u3068\u5b9a\u7fa9\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u672c\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u3001\u5e02\u5834\u306e\u52d5\u5411\u3001\u69d8\u3005\u306a\u30bb\u30b0\u30e1\u30f3\u30c8\u3084\u5730\u57df\u306b\u304a\u3051\u308b\u65b0\u305f\u306a\u30c8\u30ec\u30f3\u30c9\u3001\u591a\u69d8\u306a\u88fd\u54c1\u304a\u3088\u3073\u7528\u9014\u30bf\u30a4\u30d7\u306b\u95a2\u3059\u308b\u6d1e\u5bdf\u3092\u6df1\u304f\u6398\u308a\u4e0b\u3052\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u4e3b\u8981\u306a\u30d7\u30ec\u30a4\u30e4\u30fc\u3068\u7af6\u4e89\u74b0\u5883\u306b\u3064\u3044\u3066\u3082\u8a73\u7d30\u306b\u5206\u6790\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e16\u754c\u50b5\u5238\u5e02\u5834\u306f\u30012025\u5e74\u306b120.58\u5146\u7c73\u30c9\u30eb\u3068\u8a55\u4fa1\u3055\u308c\u3066\u304a\u308a\u30012030\u5e74\u307e\u3067\u306b160.85\u5146\u7c73\u30c9\u30eb\u306b\u62e1\u5927\u3059\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u7279\u306b\u3001\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u306f\u3001\u4f01\u696d\u306e\u501f\u308a\u63db\u3048\u30cb\u30fc\u30ba\u3068\u3001\u91d1\u5229\u4f4e\u4e0b\u74b0\u5883\u4e0b\u3067\u306e\u5229\u56de\u308a\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u5bb6\u306e\u610f\u6b32\u306b\u652f\u3048\u3089\u308c\u3001\u5e74\u5e73\u5747\u6210\u9577\u73878.41%\u3067\u56fd\u50b5\u3088\u308a\u3082\u901f\u3044\u6210\u9577\u3092\u9042\u3052\u3066\u3044\u307e\u3059\u3002\u5730\u57df\u5225\u3067\u306f\u3001\u30a4\u30f3\u30c9\u306e\u6307\u6570\u7d44\u307f\u5165\u308c\u3068\u4e2d\u56fd\u306e\u7d99\u7d9a\u7684\u306a\u62e1\u5927\u306b\u727d\u5f15\u3055\u308c\u3001\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u304c2030\u5e74\u307e\u3067\u5e74\u5e73\u5747\u6210\u9577\u73876.73%\u3067\u6700\u3082\u901f\u3044\u6210\u9577\u3092\u9042\u3052\u308b\u3068\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5e02\u5834\u306e\u4e3b\u306a\u63a8\u9032\u8981\u56e0\u3068\u3057\u3066\u306f\u3001\u4ee5\u4e0b\u306e\u70b9\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<br \/>\n*   \u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u306e\u5b89\u5b9a\u5316\u304c\u50b5\u5238\u3078\u306e\u8cc7\u91d1\u914d\u5206\u3092\u5f8c\u62bc\u3057\u3057\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   \u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u8ca0\u50b5\u5bfe\u5fdc\u578b\u8cc7\u7523\u3078\u306e\u518d\u914d\u5206\u3092\u9032\u3081\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   \u65b0\u8208\u5e02\u5834\u306e\u73fe\u5730\u901a\u8ca8\u5efa\u3066\u50b5\u5238\u304c\u30b0\u30ed\u30fc\u30d0\u30eb\u6307\u6570\u306b\u7d44\u307f\u5165\u308c\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   ESG\u30e9\u30d9\u30eb\u4ed8\u304d\u50b5\u5238\uff08\u30b0\u30ea\u30fc\u30f3\u3001\u30bd\u30fc\u30b7\u30e3\u30eb\u3001\u30b5\u30b9\u30c6\u30ca\u30d3\u30ea\u30c6\u30a3\u30fb\u30ea\u30f3\u30af\u50b5\uff09\u306e\u63a1\u7528\u304c\u62e1\u5927\u3057\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   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