{"id":8809,"date":"2025-11-24T07:49:14","date_gmt":"2025-11-24T07:49:14","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=8809"},"modified":"2025-11-24T07:49:18","modified_gmt":"2025-11-24T07:49:18","slug":"japans-stimulus-policies-trigger-market-restructuring-an-analysis-of-opportunities-and-risks-amidst-the-currency-and-bond-market-dynamics","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/vi\/japans-stimulus-policies-trigger-market-restructuring-an-analysis-of-opportunities-and-risks-amidst-the-currency-and-bond-market-dynamics\/","title":{"rendered":"Ch\u00ednh s\u00e1ch k\u00edch c\u1ea7u c\u1ee7a Nh\u1eadt B\u1ea3n th\u00fac \u0111\u1ea9y t\u00e1i c\u01a1 c\u1ea5u th\u1ecb tr\u01b0\u1eddng: Ph\u00e2n t\u00edch c\u01a1 h\u1ed9i v\u00e0 r\u1ee7i ro trong b\u1ed1i c\u1ea3nh \u0111\u1ed9ng l\u1ef1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 v\u00e0 tr\u00e1i phi\u1ebfu"},"content":{"rendered":"

T\u1eadn d\u1ee5ng hai th\u1eadp k\u1ef7 kinh nghi\u1ec7m v\u1ec1 t\u00e0i ch\u00ednh xuy\u00ean bi\u00ean gi\u1edbi, x\u00e1c th\u1ef1c ch\u00e9o c\u00e1c ngu\u1ed3n d\u1eef li\u1ec7u \u0111a chi\u1ec1u v\u00e0 h\u1ec7 th\u1ed1ng ph\u00e2n t\u00edch \u0111\u1ecbnh l\u01b0\u1ee3ng t\u1ef1 ph\u00e1t tri\u1ec3n, ACE Markets \u0111\u00e3 ti\u1ebfn h\u00e0nh ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u1ec1 ph\u1ea3n \u1ee9ng chu\u1ed7i th\u1ecb tr\u01b0\u1eddng do g\u00f3i k\u00edch th\u00edch kinh t\u1ebf m\u1edbi tr\u1ecb gi\u00e1 21,3 ngh\u00ecn t\u1ef7 y\u00ean (kho\u1ea3ng 135,4 t\u1ef7 USD) c\u1ee7a ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n g\u00e2y ra. Ph\u00e2n t\u00edch n\u00e0y d\u1ef1a tr\u00ean vi\u1ec7c theo d\u00f5i d\u1eef li\u1ec7u \u1edf c\u1ea5p \u0111\u1ed9 mili gi\u00e2y c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, x\u00e1c minh c\u00e1c quan \u0111i\u1ec3m c\u1ed1t l\u00f5i t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c nghi\u00ean c\u1ee9u c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng G10 v\u00e0 5 ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 h\u00e0ng \u0111\u1ea7u th\u1ebf gi\u1edbi c\u0169ng nh\u01b0 kh\u1ea5u tr\u1eeb b\u1eb1ng c\u00e1ch s\u1eed d\u1ee5ng m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n ch\u00e9o \u0111\u1ed9c quy\u1ec1n c\u1ee7a h\u1ecd. L\u00e0 m\u1ed9t t\u1ed5 ch\u1ee9c chuy\u00ean nghi\u1ec7p chuy\u00ean v\u1ec1 chi\u1ebfn l\u01b0\u1ee3c v\u0129 m\u00f4 xuy\u00ean bi\u00ean gi\u1edbi v\u00e0 ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n, ACE Markets lu\u00f4n s\u1eed d\u1ee5ng khung c\u1ed1t l\u00f5i c\u1ee7a \u201cneo neo d\u1eef li\u1ec7u + v\u00f2ng kh\u00e9p k\u00edn logic + ki\u1ec3m tra ng\u01b0\u1ee3c l\u1ecbch s\u1eed\u201d \u0111\u1ec3 ph\u00e2n t\u00edch ch\u00ednh x\u00e1c \u0111\u01b0\u1eddng truy\u1ec1n d\u1eabn h\u01b0\u1edbng d\u1eabn ch\u00ednh s\u00e1ch v\u00e0 bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng, cung c\u1ea5p cho nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00e0i li\u1ec7u tham kh\u1ea3o ra quy\u1ebft \u0111\u1ecbnh h\u01b0\u1edbng t\u1edbi t\u01b0\u01a1ng lai c\u00f3 th\u1ec3 ch\u1ecbu \u0111\u01b0\u1ee3c th\u1eed th\u00e1ch c\u1ee7a th\u1eddi gian.<\/p>\n

<\/a>Ph\u00e2n t\u00edch ch\u00ednh s\u00e1ch: K\u1ebf ho\u1ea1ch k\u00edch th\u00edch ch\u01b0a t\u1eebng c\u00f3 \u2013 Nhu c\u1ea7u v\u00e0 m\u1ed1i quan t\u00e2m c\u01a1 b\u1ea3n<\/strong><\/p>\n

ACE Markets \u0111\u00e3 t\u00e1i c\u1ea5u tr\u00fac s\u00e2u s\u1eafc logic c\u1ed1t l\u00f5i v\u00e0 nh\u1eefng r\u1ee7i ro ti\u1ec1m \u1ea9n c\u1ee7a g\u00f3i k\u00edch th\u00edch n\u00e0y b\u1eb1ng c\u00e1ch gi\u1ea3i m\u00e3 v\u00e0 t\u00e1i c\u1ea5u tr\u00fac chu\u1ed7i logic v\u0103n b\u1ea3n ch\u00ednh s\u00e1ch c\u1ee7a V\u0103n ph\u00f2ng N\u1ed9i c\u00e1c v\u1ec1 m\u1eb7t ng\u1eef ngh\u0129a, k\u1ebft h\u1ee3p d\u1eef li\u1ec7u d\u00f2ng v\u1ed1n t\u1ea7n s\u1ed1 cao t\u1eeb S\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n Tokyo, h\u1ed3 s\u01a1 l\u1ecbch s\u1eed v\u1ec1 vi\u1ec7c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n t\u1eeb B\u1ed9 T\u00e0i ch\u00ednh v\u00e0 \u201cm\u00f4 h\u00ecnh t\u00ednh to\u00e1n hi\u1ec7u \u1ee9ng c\u1ea5p s\u1ed1 nh\u00e2n ch\u00ednh s\u00e1ch t\u00e0i ch\u00ednh\u201d do h\u1ecd t\u1ef1 ph\u00e1t tri\u1ec3n.<\/p>\n

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\u0110\u00e2y l\u00e0 g\u00f3i k\u00edch th\u00edch t\u00e0i ch\u00ednh l\u1edbn nh\u1ea5t \u1edf Nh\u1eadt B\u1ea3n k\u1ec3 t\u1eeb \u0111\u1ea1i d\u1ecbch COVID-19, v\u1edbi s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa chi ti\u00eau chung 17,7 ngh\u00ecn t\u1ef7 y\u00ean (t\u0103ng 27% so v\u1edbi n\u0103m ngo\u00e1i) v\u00e0 c\u1eaft gi\u1ea3m thu\u1ebf 2,7 ngh\u00ecn t\u1ef7 y\u00ean, gi\u1ea3i quy\u1ebft ch\u00ednh x\u00e1c nh\u1eefng \u0111i\u1ec3m y\u1ebfu c\u1ee7a l\u1ea1m ph\u00e1t cao dai d\u1eb3ng\u2014qu\u1ef9 gi\u1ea3m gi\u00e1 11,7 ngh\u00ecn t\u1ef7 y\u00ean t\u1eadp trung v\u00e0o c\u00e1c l\u1ee3i \u00edch tr\u1ef1c ti\u1ebfp nh\u01b0 tr\u1ee3 c\u1ea5p n\u0103ng l\u01b0\u1ee3ng h\u1ed9 gia \u0111\u00ecnh v\u00e0 ph\u00e1t ti\u1ec1n m\u1eb7t cho tr\u1ebb em. N\u00f3 c\u0169ng k\u1ebft h\u1ee3p c\u00e1c \u0111\u1ec1 xu\u1ea5t ch\u00ednh s\u00e1ch t\u1eeb c\u00e1c \u0111\u1ea3ng \u0111\u1ed1i l\u1eadp, nh\u01b0 b\u00e3i b\u1ecf thu\u1ebf x\u0103ng d\u1ea7u v\u00e0 n\u00e2ng ng\u01b0\u1ee1ng thu\u1ebf thu nh\u1eadp c\u00e1 nh\u00e2n, \u0111\u1eb7c bi\u1ec7t m\u1ee5c ti\u00eau l\u1ea1m ph\u00e1t v\u01b0\u1ee3t m\u1ee5c ti\u00eau 2% c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng trong 43 th\u00e1ng li\u00ean ti\u1ebfp (th\u1eddi gian d\u00e0i nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 1992). V\u1ec1 ngu\u1ed3n t\u00e0i tr\u1ee3, ACE Markets, d\u1ef1a tr\u00ean b\u1ea3ng c\u00e2n \u0111\u1ed1i t\u00e0i ch\u00ednh c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh trong th\u1eadp k\u1ef7 qua, m\u00f4 h\u00ecnh t\u00ednh to\u00e1n doanh thu thu\u1ebf l\u1ea1m ph\u00e1t v\u00e0 c\u00f4ng th\u1ee9c d\u1ef1 b\u00e1o nhu c\u1ea7u ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7, x\u00e1c \u0111\u1ecbnh r\u1eb1ng ngo\u00e0i t\u0103ng tr\u01b0\u1edfng doanh thu thu\u1ebf t\u1ef1 nhi\u00ean do l\u1ea1m ph\u00e1t, quy m\u00f4 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 m\u1edbi r\u1ea5t c\u00f3 th\u1ec3 v\u01b0\u1ee3t qu\u00e1 m\u1ee9c 6,69 ngh\u00ecn t\u1ef7 y\u00ean c\u1ee7a n\u0103m ngo\u00e1i.<\/p>\n

Li\u1ec7u ng\u00e2n s\u00e1ch b\u1ed5 sung c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c n\u1ed9i c\u00e1c ph\u00ea duy\u1ec7t nh\u01b0 k\u1ebf ho\u1ea1ch v\u00e0o ng\u00e0y 28 th\u00e1ng 11 v\u00e0 \u0111\u01b0\u1ee3c qu\u1ed1c h\u1ed9i th\u00f4ng qua tr\u01b0\u1edbc cu\u1ed1i n\u0103m hay kh\u00f4ng l\u00e0 m\u1ed9t c\u1ed9t m\u1ed1c quan tr\u1ecdng trong vi\u1ec7c th\u1ef1c thi ch\u00ednh s\u00e1ch v\u00e0 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o m\u1ee5c quan s\u00e1t c\u1ed1t l\u00f5i trong ch\u1ec9 s\u1ed1 theo d\u00f5i vi\u1ec7c th\u1ef1c hi\u1ec7n ch\u00ednh s\u00e1ch c\u1ee7a ACE Markets. K\u1ebft h\u1ee3p d\u00f2ng th\u1eddi gian ch\u00ednh s\u00e1ch c\u1ee7a ch\u00ednh quy\u1ec1n Cao H\u00f9ng Sanae v\u1edbi ph\u00e2n t\u00edch s\u1ef1 ph\u1ee5 thu\u1ed9c \u0111\u01b0\u1eddng d\u1eabn c\u1ee7a khung ng\u00e2n s\u00e1ch trong th\u1eddi k\u1ef3 th\u1ee7 t\u01b0\u1edbng tr\u01b0\u1edbc, ACE Markets d\u1ef1 \u0111o\u00e1n th\u00eam r\u1eb1ng n\u1ebfu t\u00e1c \u0111\u1ed9ng th\u00fac \u0111\u1ea9y GDP c\u1ee7a g\u00f3i k\u00edch th\u00edch n\u00e0y \u0111\u1ea1t \u0111\u1ebfn ng\u01b0\u1ee1ng d\u1ef1 ki\u1ebfn, kh\u1ea3 n\u0103ng tung ra m\u1ed9t \u0111\u1ee3t k\u00edch th\u00edch b\u1ed5 sung m\u1edbi v\u00e0o m\u00f9a xu\u00e2n ho\u1eb7c \u0111\u1ea7u m\u00f9a h\u00e8 t\u1edbi s\u1ebd t\u0103ng l\u00ean 68%.<\/p>\n

<\/a>Ph\u1ea3n h\u1ed3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng: C\u1ea3 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i v\u00e0 th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu \u0111\u1ec1u ch\u1ecbu \u00e1p l\u1ef1c, s\u1ef1 xung \u0111\u1ed9t gi\u1eefa t\u00edn hi\u1ec7u kh\u1ee7ng ho\u1ea3ng v\u00e0 k\u1ef3 v\u1ecdng l\u1ea1c quan.<\/strong><\/p>\n

H\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t th\u1eddi gian th\u1ef1c c\u1ee7a ACE Markets cho th\u1ea5y sau khi k\u1ebf ho\u1ea1ch k\u00edch th\u00edch \u0111\u01b0\u1ee3c tri\u1ec3n khai, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Nh\u1eadt B\u1ea3n \u0111\u00e3 th\u1ec3 hi\u1ec7n m\u00f4 h\u00ecnh \u201ck\u00e9p\u201d \u0111\u00e1ng k\u1ec3 v\u00e0 c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m bi\u1ebfn \u0111\u1ed9ng \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 ph\u1ea1m vi b\u00ecnh th\u01b0\u1eddng trong l\u1ecbch s\u1eed k\u1ec3 t\u1eeb \u201cAbenomics\u201d n\u0103m 2013: t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i \u0111\u1ed3ng y\u00ean gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 1 v\u00e0 t\u1ef7 gi\u00e1 USD\/JPY dao \u0111\u1ed9ng quanh m\u1ee9c 157, ch\u1ec9 c\u00e1ch m\u1ee9c quan tr\u1ecdng 160 \u0111\u1ea1t \u0111\u01b0\u1ee3c 1,9 \u0111i\u1ec3m c\u01a1 b\u1ea3n sau b\u1ed1n l\u1ea7n can thi\u1ec7p ch\u00ednh th\u1ee9c v\u00e0o n\u0103m ngo\u00e1i; Tr\u00ean th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7, l\u1ee3i su\u1ea5t 30 n\u0103m t\u0103ng t\u1eeb 3% \u0111\u1ea7u th\u00e1ng l\u00ean h\u01a1n 3,35%, l\u1ee3i su\u1ea5t 40 n\u0103m v\u01b0\u1ee3t \u0111\u1ec9nh l\u1ecbch s\u1eed, l\u1ee3i su\u1ea5t 10 n\u0103m \u0111\u1ea1t 1,8% (\u0111\u1ec9nh k\u1ec3 t\u1eeb n\u0103m 2008), h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan \u0111\u1ed3ng b\u1ed9 gi\u1eefa t\u1ef7 gi\u00e1 USD\/JPY v\u00e0 l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 t\u0103ng l\u00ean 0,87 (ph\u00e2n v\u1ecb th\u1ee9 92 trong 10 n\u0103m qua), b\u01b0\u1edbc v\u00e0o ph\u1ea1m vi li\u00ean k\u1ebft b\u1ea5t th\u01b0\u1eddng.<\/p>\n

\"IMG_256\"<\/p>\n

\u0110\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi s\u1ef1 b\u1ea5t th\u01b0\u1eddng c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u00e0y, ACE Markets \u0111\u00e3 t\u00edch h\u1ee3p C\u01a1 s\u1edf d\u1eef li\u1ec7u kinh t\u1ebf c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (FRED), B\u00e1o c\u00e1o \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u v\u00e0 c\u00e1c b\u00e1o c\u00e1o nghi\u00ean c\u1ee9u c\u1ed1t l\u00f5i t\u1eeb 5 ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 h\u00e0ng \u0111\u1ea7u th\u1ebf gi\u1edbi, c\u00f9ng v\u1edbi m\u00f4 h\u00ecnh t\u01b0\u01a1ng quan bi\u1ebfn \u0111\u1ed9ng t\u00e0i s\u1ea3n ch\u00e9o \u0111\u1ed9c quy\u1ec1n c\u1ee7a m\u00ecnh, \u0111\u1ec3 h\u00ecnh th\u00e0nh \u0111\u00e1nh gi\u00e1 \u0111a chi\u1ec1u: m\u1ed1i quan t\u00e2m c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u1eadp trung v\u00e0o t\u00e1c \u0111\u1ed9ng c\u1ee7a s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa \u201cch\u00ednh s\u00e1ch k\u00edch th\u00edch + quan \u0111i\u1ec3m \u00f4n h\u00f2a c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng\u201d \u0111\u1ed1i v\u1edbi t\u00ednh b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh\u2014George c\u1ee7a Ng\u00e2n h\u00e0ng Deutsche S\u1ef1 t\u01b0\u01a1ng \u0111\u1ed3ng c\u1ee7a Saravilos v\u1edbi cu\u1ed9c kh\u1ee7ng ho\u1ea3ng th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu \u1edf V\u01b0\u01a1ng qu\u1ed1c Anh n\u0103m 2022 r\u1ea5t nh\u1ea5t qu\u00e1n v\u1edbi c\u00e1c k\u1ebft lu\u1eadn h\u1ed3i c\u1ee9u c\u1ee7a ACE Markets d\u1ef1a tr\u00ean th\u01b0 vi\u1ec7n tr\u01b0\u1eddng h\u1ee3p r\u1ee7i ro n\u1ee3 ch\u00ednh ph\u1ee7 trong l\u1ecbch s\u1eed c\u1ee7a t\u1ed5 ch\u1ee9c n\u00e0y; \u201ct\u00edn hi\u1ec7u c\u1ea3nh b\u00e1o l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n\u201d do Albert Edwards c\u1ee7a Soci\u00e9t\u00e9 G\u00e9n\u00e9rale \u0111\u1ec1 xu\u1ea5t c\u0169ng \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn trong m\u00f4 h\u00ecnh gi\u00e1m s\u00e1t bong b\u00f3ng \u0111\u1ecbnh gi\u00e1 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh to\u00e0n c\u1ea7u c\u1ee7a ACE Markets.<\/p>\n

Trong khi \u0111\u00f3, ACE Markets \u0111\u00e3 kh\u00f4ng b\u1ecf qua c\u00e1c \u0111i\u1ec3m kh\u00e1c bi\u1ec7t c\u1ee7a th\u1ecb tr\u01b0\u1eddng: th\u00f4ng qua ph\u00e2n t\u00edch c\u1ea3m t\u00ednh NLP trong c\u00e1c tuy\u00ean b\u1ed1 t\u1eeb c\u00e1c c\u1ed1 v\u1ea5n ch\u00ednh s\u00e1ch c\u1ee7a ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n v\u00e0 theo d\u00f5i nh\u1eefng thay \u0111\u1ed5i nh\u1ecf trong c\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf c\u1ed1t l\u00f5i c\u1ee7a Nh\u1eadt B\u1ea3n (PMI, chi ti\u00eau v\u1ed1n doanh nghi\u1ec7p v\u00e0 ni\u1ec1m tin c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng), quan \u0111i\u1ec3m c\u1ee7a Takuya Aida c\u1ee7a Cr\u00e9dit Agricole r\u1eb1ng \u201cl\u1ee3i su\u1ea5t t\u0103ng ph\u1ea3n \u00e1nh gi\u00e1 l\u00e3i su\u1ea5t cu\u1ed1i c\u00f9ng\u201d c\u00f3 m\u1ed9t s\u1ed1 h\u1ed7 tr\u1ee3 c\u01a1 b\u1ea3n. ACE Markets tin r\u1eb1ng s\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y v\u1ec1 c\u01a1 b\u1ea3n l\u00e0 m\u1ed9t tr\u00f2 ch\u01a1i gi\u1eefa m\u1ed1i lo ng\u1ea1i v\u1ec1 m\u1ea5t c\u00e2n b\u1eb1ng t\u00e0i ch\u00ednh ng\u1eafn h\u1ea1n v\u00e0 k\u1ef3 v\u1ecdng ph\u1ee5c h\u1ed3i kinh t\u1ebf d\u00e0i h\u1ea1n, \u0111\u1ed3ng th\u1eddi c\u1ea7n x\u00e1c nh\u1eadn th\u00eam th\u00f4ng qua d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t h\u00e0ng th\u00e1ng ti\u1ebfp theo v\u00e0 x\u00e1c minh theo th\u1eddi gian th\u1ef1c v\u1ec1 ti\u1ebfn tr\u00ecnh th\u1ef1c hi\u1ec7n ch\u00ednh s\u00e1ch.<\/p>\n

<\/a>Tr\u00f2 ch\u01a1i ch\u00ednh s\u00e1ch: T\u00edn hi\u1ec7u can thi\u1ec7p t\u0103ng c\u01b0\u1eddng, ch\u00ednh s\u00e1ch ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng tr\u1edf th\u00e0nh ch\u00eca kh\u00f3a ph\u00e1 v\u1ee1 b\u1ebf t\u1eafc<\/strong><\/p>\n

D\u1ef1a tr\u00ean \u0111\u00e1nh gi\u00e1 d\u1eef li\u1ec7u l\u1edbn v\u1ec1 37 tr\u01b0\u1eddng h\u1ee3p can thi\u1ec7p ngo\u1ea1i h\u1ed1i c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn k\u1ec3 t\u1eeb n\u0103m 2000, m\u00f4 h\u00ecnh ph\u00e2n t\u00edch c\u1ea3m t\u00ednh v\u0103n b\u1ea3n ch\u00ednh s\u00e1ch NLP v\u00e0 nghi\u00ean c\u1ee9u v\u1ec1 c\u01a1 ch\u1ebf truy\u1ec1n t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, ACE Markets \u0111\u00e3 x\u00e1c \u0111\u1ecbnh r\u1eb1ng c\u00e1c tuy\u00ean b\u1ed1 hi\u1ec7n t\u1ea1i c\u1ee7a ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n \u0111\u00e3 \u0111i v\u00e0o \u201cv\u00f9ng c\u1ea3nh b\u00e1o tr\u01b0\u1edbc can thi\u1ec7p\u201d. Tuy\u00ean b\u1ed1 c\u1ee7a B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh Satsuki Katayama r\u1eb1ng \u201ccan thi\u1ec7p ngo\u1ea1i h\u1ed1i \u0111\u01b0\u1ee3c li\u1ec7t k\u00ea l\u00e0 m\u1ed9t l\u1ef1a ch\u1ecdn \u1ee9ng ph\u00f3\u201d kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 c\u1ea3nh b\u00e1o b\u1eb1ng l\u1eddi n\u00f3i\u2014t\u1ea7n su\u1ea5t v\u00e0 c\u01b0\u1eddng \u0111\u1ed9 c\u1ee7a c\u00e1c t\u1eeb kh\u00f3a nh\u01b0 \u201cbi\u1ebfn \u0111\u1ed9ng m\u1ea5t tr\u1eadt t\u1ef1\u201d v\u00e0 \u201ctheo h\u01b0\u1edbng \u0111\u1ea7u c\u01a1\u201d trong c\u00e1ch di\u1ec5n \u0111\u1ea1t c\u1ee7a \u00f4ng tr\u00f9ng kh\u1edbp 83% v\u1edbi c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a truy\u1ec1n th\u00f4ng ch\u00ednh s\u00e1ch tr\u01b0\u1edbc b\u1ed1n bi\u1ec7n ph\u00e1p can thi\u1ec7p v\u00e0o n\u0103m 2022 v\u00e0 ho\u00e0n to\u00e0n ph\u00f9 h\u1ee3p v\u1edbi khu\u00f4n kh\u1ed5 nguy\u00ean t\u1eafc \u201c\u1ee9ng ph\u00f3 v\u1edbi bi\u1ebfn \u0111\u1ed9ng qu\u00e1 m\u1ee9c\u201d trong Tuy\u00ean b\u1ed1 chung Nh\u1eadt B\u1ea3n-Hoa K\u1ef3 v\u00e0o th\u00e1ng 9, ti\u1ebfp t\u1ee5c qu\u00e1 tr\u00ecnh li\u00ean l\u1ea1c \u201ct\u00edn hi\u1ec7u d\u1ea7n d\u1ea7n v\u00e0 r\u00f5 r\u00e0ng\u201d c\u1ee7a ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n chi\u1ebfn l\u01b0\u1ee3c.<\/p>\n

\"IMG_256\"<\/p>\n

D\u1ef1a tr\u00ean m\u00f4 h\u00ecnh ph\u00e2n t\u00edch \u0111\u1ecbnh l\u01b0\u1ee3ng v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a 12 bi\u1ec7n ph\u00e1p can thi\u1ec7p ngo\u1ea1i h\u1ed1i c\u1ee7a Nh\u1eadt B\u1ea3n k\u1ec3 t\u1eeb n\u0103m 1998 (bao g\u1ed3m 16 bi\u1ebfn c\u1ed1t l\u00f5i bao g\u1ed3m quy m\u00f4 can thi\u1ec7p, th\u1eddi gian v\u00e0 ph\u1ed1i h\u1ee3p ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7), ACE Markets k\u1ebft lu\u1eadn r\u1eb1ng: can thi\u1ec7p ngo\u1ea1i h\u1ed1i \u0111\u01a1n gi\u1ea3n, kh\u00f4ng th\u1eaft ch\u1eb7t t\u00e0i ch\u00ednh ho\u1eb7c thay \u0111\u1ed5i ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 t\u01b0\u01a1ng \u1ee9ng, ch\u1ec9 c\u00f3 th\u1ec3 ng\u0103n ch\u1eb7n bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n trong 7-10 ng\u00e0y giao d\u1ecbch v\u00e0 t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng trong vi\u1ec7c \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i d\u00e0i h\u1ea1n l\u00e0 d\u01b0\u1edbi 25%. K\u1ebft lu\u1eadn n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi b\u00e1o c\u00e1o nghi\u00ean c\u1ee9u t\u1eeb Ng\u00e2n h\u00e0ng Qu\u1ed1c gia \u00dac v\u00e0 x\u00e1c nh\u1eadn \u0111\u00e1nh gi\u00e1 c\u1ee7a ACE Markets r\u1eb1ng \u201c\u0111\u1ed3ng y\u00ean \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t c\u00f4ng c\u1ee5 \u0111\u1ea7u c\u01a1 v\u00e0 \u0111\u1ed9 nh\u1ea1y c\u1ea3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ed1i v\u1edbi c\u00e1c c\u1ea3nh b\u00e1o b\u1eb1ng l\u1eddi n\u00f3i ti\u1ebfp t\u1ee5c gi\u1ea3m\u201d\u2014ch\u1ec9 khi Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111i\u1ec1u ch\u1ec9nh l\u1eadp tr\u01b0\u1eddng \u00f4n h\u00f2a c\u1ee7a m\u00ecnh v\u00e0 b\u1eaft \u0111\u1ea7u chu k\u1ef3 t\u0103ng l\u00e3i su\u1ea5t th\u00ec xu h\u01b0\u1edbng t\u0103ng c\u1ee7a t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i USD\/JPY m\u1edbi c\u00f3 th\u1ec3 b\u1ecb ph\u00e1 v\u1ee1; n\u1ebfu kh\u00f4ng, c\u01a1 h\u1ed9i v\u01b0\u1ee3t qua m\u1ee9c 160 c\u00f3 th\u1ec3 m\u1edf ra tr\u01b0\u1edbc gi\u1eefa th\u00e1ng 12.<\/p>\n

\u0110\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n lu\u00f4n l\u00e0 m\u1ee5c ti\u00eau c\u1ed1t l\u00f5i trong chi\u1ebfn l\u01b0\u1ee3c v\u0129 m\u00f4 xuy\u00ean bi\u00ean gi\u1edbi c\u1ee7a ACE Markets. K\u1ebft h\u1ee3p \u0111\u01b0\u1eddng cong t\u01b0\u01a1ng lai l\u00e3i su\u1ea5t ng\u1eafn h\u1ea1n c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n, d\u1eef li\u1ec7u kh\u1ea3o s\u00e1t k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t v\u00e0 m\u00f4 h\u00ecnh x\u00e1c su\u1ea5t thay \u0111\u1ed5i ch\u00ednh s\u00e1ch ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u1ed9c quy\u1ec1n c\u1ee7a n\u00f3, ACE Markets d\u1ef1 \u0111o\u00e1n r\u1eb1ng n\u1ebfu ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng b\u1eaft \u0111\u1ea7u t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 1 (hi\u1ec7n \u0111\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng ng\u1ee5 \u00fd l\u00e0 41%), ng\u00e2n h\u00e0ng c\u00f3 th\u1ec3 s\u1ebd t\u1ea1m d\u1eebng chu k\u1ef3 t\u0103ng l\u00e3i su\u1ea5t trong kho\u1ea3ng 12 th\u00e1ng \u0111\u1ec3 ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c m\u1ee5c ti\u00eau th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng c\u1ee7a ch\u00ednh ph\u1ee7, cu\u1ed1i c\u00f9ng th\u1eaft ch\u1eb7t d\u1ea7n l\u00e3i su\u1ea5t cu\u1ed1i c\u00f9ng xu\u1ed1ng kho\u1ea3ng 2%. Tuy nhi\u00ean, trong ng\u1eafn h\u1ea1n, t\u00e1c \u0111\u1ed9ng t\u1ed5ng h\u1ee3p c\u1ee7a \u00e1p l\u1ef1c m\u1edf r\u1ed9ng t\u00e0i kh\u00f3a t\u1eeb c\u00e1c ch\u00ednh s\u00e1ch k\u00edch th\u00edch v\u00e0 k\u1ef3 v\u1ecdng h\u1ea1 nhi\u1ec7t v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang s\u1ebd l\u00e0m t\u0103ng kh\u1ea3 n\u0103ng ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng duy tr\u00ec l\u1eadp tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i l\u00ean 72%. S\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 ch\u00ednh s\u00e1ch n\u00e0y s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0m t\u0103ng th\u00eam \u00e1p l\u1ef1c l\u00ean s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a \u0111\u1ed3ng y\u00ean.<\/p>\n

<\/a>Tr\u1ecdng t\u00e2m ti\u1ebfp theo: V\u1eabn c\u00f2n nhi\u1ec1u bi\u1ebfn s\u1ed1 c\u1ea7n \u0111\u01b0\u1ee3c x\u00e1c minh; nguy c\u01a1 th\u00e1o ch\u1ea1y v\u1ed1n \u0111\u00f2i h\u1ecfi s\u1ef1 ch\u00fa \u00fd ch\u1eb7t ch\u1ebd.<\/strong><\/p>\n

ACE Markets, th\u00f4ng qua m\u00f4 h\u00ecnh c\u1ea3nh b\u00e1o r\u1ee7i ro ba chi\u1ec1u t\u00edch h\u1ee3p m\u00f4 h\u00ecnh DSGE kinh t\u1ebf v\u0129 m\u00f4, c\u00e1c ch\u1ec9 s\u1ed1 t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng \u0111\u1ecbnh l\u01b0\u1ee3ng (VIX, v\u1ecb th\u1ebf \u0111\u1ea7u c\u01a1 r\u00f2ng c\u1ee7a \u0111\u1ed3ng Y\u00ean) v\u00e0 h\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t d\u00f2ng v\u1ed1n xuy\u00ean bi\u00ean gi\u1edbi, \u0111\u00e3 x\u00e1c \u0111\u1ecbnh r\u1eb1ng th\u1ecb tr\u01b0\u1eddng Nh\u1eadt B\u1ea3n s\u1ebd ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi ba \u0111i\u1ec3m ki\u1ec3m tra ch\u00ednh trong b\u1ed1n tu\u1ea7n t\u1edbi, k\u1ebft qu\u1ea3 s\u1ebd tr\u1ef1c ti\u1ebfp x\u00e1c \u0111\u1ecbnh h\u01b0\u1edbng ch\u1ea5p nh\u1eadn r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng:<\/p>\n

\"IMG_257\"<\/p>\n

Th\u1ee9 nh\u1ea5t, gi\u00e1m s\u00e1t c\u00e1c t\u00edn hi\u1ec7u th\u00e1o ch\u1ea1y v\u1ed1n\u2014c\u00e1c ch\u1ec9 s\u1ed1 ch\u00ednh bao g\u1ed3m h\u1ec7 s\u1ed1 truy\u1ec1n t\u1ea3i bi\u1ebfn \u0111\u1ed9ng tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n \u0111\u1ebfn TOPIX (ng\u01b0\u1ee1ng 0,65) v\u00e0 \u0111\u1ed9 l\u1ec7ch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n v\u00e0 tr\u00e1i phi\u1ebfu M\u1ef9 (hi\u1ec7n \u0111\u1ea1t gi\u00e1 tr\u1ecb c\u1ef1c \u0111\u1ea1i k\u1ec3 t\u1eeb n\u0103m 2015). \u0110i\u1ec1u n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi c\u1ea3nh b\u00e1o t\u1eeb Saravilos c\u1ee7a Deutsche Bank v\u00e0 c\u0169ng l\u00e0 m\u1ee5c c\u1ed1t l\u00f5i trong \u201cTh\u01b0 vi\u1ec7n y\u1ebfu t\u1ed1 k\u00edch ho\u1ea1t r\u1ee7i ro h\u1ec7 th\u1ed1ng\u201d c\u1ee7a ACE Markets. Th\u1ee9 hai, tr\u00f2 ch\u01a1i \u1edf m\u1ee9c t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i 160 - Nh\u1eadt B\u1ea3n s\u1ebd ngh\u1ec9 l\u1ec5 v\u00e0o th\u1ee9 Hai t\u1edbi v\u00e0 d\u1eef li\u1ec7u l\u1ecbch s\u1eed cho th\u1ea5y 35% c\u00e1c ho\u1ea1t \u0111\u1ed9ng can thi\u1ec7p ngo\u1ea1i h\u1ed1i c\u1ee7a Nh\u1eadt B\u1ea3n di\u1ec5n ra trong th\u1eddi k\u1ef3 m\u00e1ng thanh kho\u1ea3n tr\u01b0\u1edbc k\u1ef3 ngh\u1ec9 cu\u1ed1i tu\u1ea7n. T\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng ng\u1eafn h\u1ea1n s\u1ebd b\u01b0\u1edbc v\u00e0o \u201cgiai \u0111o\u1ea1n nh\u1ea1y c\u1ea3m\u201d v\u00e0 ACE Markets \u0111\u00e3 k\u00edch ho\u1ea1t c\u01a1 ch\u1ebf c\u1ea3nh b\u00e1o bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i theo th\u1eddi gian th\u1ef1c. Th\u1ee9 ba, ti\u1ebfn \u0111\u1ed9 ng\u00e2n s\u00e1ch b\u1ed5 sung v\u00e0 vi\u1ec7c th\u1ef1c hi\u1ec7n quy m\u00f4 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 m\u1edbi\u2014th\u00f4ng qua ph\u00e2n t\u00edch d\u1eef li\u1ec7u l\u1edbn v\u1ec1 xu h\u01b0\u1edbng b\u1ecf phi\u1ebfu c\u1ee7a Qu\u1ed1c h\u1ed9i Nh\u1eadt B\u1ea3n, ACE Markets d\u1ef1 \u0111o\u00e1n kh\u1ea3 n\u0103ng ng\u00e2n s\u00e1ch b\u1ed5 sung \u0111\u01b0\u1ee3c th\u00f4ng qua tr\u01b0\u1edbc cu\u1ed1i n\u0103m l\u00e0 89%. Tuy nhi\u00ean, n\u1ebfu quy m\u00f4 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 m\u1edbi v\u01b0\u1ee3t qu\u00e1 8 ngh\u00ecn t\u1ef7 y\u00ean, n\u00f3 c\u00f3 th\u1ec3 g\u00e2y ra s\u1ef1 \u0111\u1ecbnh gi\u00e1 l\u1ea1i t\u00ednh b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n

L\u00e0 m\u1ed9t t\u1ed5 ch\u1ee9c ph\u00e2n t\u00edch t\u00e0i ch\u00ednh xuy\u00ean bi\u00ean gi\u1edbi lu\u00f4n tu\u00e2n th\u1ee7 c\u00e1c nguy\u00ean t\u1eafc \u201cchuy\u00ean nghi\u1ec7p, kh\u00e1ch quan v\u00e0 t\u1ea7m nh\u00ecn xa\u201d, ACE Markets s\u1ebd ti\u1ebfp t\u1ee5c t\u1eadn d\u1ee5ng thi\u1ebft b\u1ecb \u0111\u1ea7u cu\u1ed1i d\u1eef li\u1ec7u th\u1eddi gian th\u1ef1c c\u1ee7a m\u00ecnh bao ph\u1ee7 24 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u l\u1edbn, c\u01a1 ch\u1ebf chia s\u1ebb th\u00f4ng tin v\u1edbi c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh h\u00e0ng \u0111\u1ea7u Nh\u1eadt B\u1ea3n nh\u01b0 T\u1eadp \u0111o\u00e0n t\u00e0i ch\u00ednh Mitsubishi UFJ v\u00e0 m\u00f4 h\u00ecnh t\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a m\u00ecnh \u0111\u1ec3 t\u00ednh to\u00e1n \u0111\u1ed9 tr\u1ec5 trong t\u00e1c \u0111\u1ed9ng ch\u00ednh s\u00e1ch nh\u1eb1m c\u1eadp nh\u1eadt linh ho\u1ea1t c\u00e1c \u0111\u00e1nh gi\u00e1 v\u1ec1 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i v\u00e0 th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n. Ch\u00fang t\u00f4i tin ch\u1eafc r\u1eb1ng ch\u1ec9 b\u1eb1ng c\u00e1ch ph\u00e2n t\u00edch d\u1ef1a tr\u00ean d\u1eef li\u1ec7u, s\u1eed d\u1ee5ng c\u00e1c m\u00f4 h\u00ecnh v\u00e0 r\u00fat ra b\u00e0i h\u1ecdc t\u1eeb l\u1ecbch s\u1eed, ch\u00fang t\u00f4i m\u1edbi c\u00f3 th\u1ec3 cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ef1 h\u1ed7 tr\u1ee3 ph\u00e2n t\u00edch chuy\u00ean nghi\u1ec7p th\u1ef1c s\u1ef1 c\u00f3 gi\u00e1 tr\u1ecb \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh.<\/p>","protected":false},"excerpt":{"rendered":"

ACE Markets delivers a data driven cross border macro analysis of Japan’s 21.3 trillion yen stimulus package using multi dimensional datasets, proprietary quantitative models, and real time global market tracking.<\/p>","protected":false},"author":1,"featured_media":8810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[440,438,439],"class_list":["post-8809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-fiscal-sustainability-japan","tag-japan-stimulus-analysis","tag-japanese-bond-market-risk"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/8809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/comments?post=8809"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/8809\/revisions"}],"predecessor-version":[{"id":8815,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/8809\/revisions\/8815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/8810"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=8809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=8809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=8809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}