[5 books this morning] Selected news to read before starting work

Apple will launch at least 90 million units of the next-generation smartphone “iPhone 16” later this yearshippingI'm aiming to do it. According to people familiar with the situation, the company told suppliers and partner companies that it is targeting a 10% increase in shipments of the new iPhone compared to the previous model. The number of “iPhone 15” shipments in the second half of 2023 was approximately 81 million units. It is said that the company is deepening confidence that newly introduced artificial intelligence (AI) services will stimulate demand for new models. Apple representatives declined to comment.

US Federal Reserve (FRB) Chairman Powell stated that while showing recognition that inflation is slowing down, there is still no confidence that it is steadily decelerating toward the target of 2%. At the public hearing of the House Finance Committee, after stating “there is some confidence” that inflation is receding, “the question is whether we are sufficiently convinced that it is falling continuously towards 2%. They still say that to meprepareIt's not there,” he said.

Former US House Speaker Pelosi did not express support for President Biden's intention to aim for re-election. The news specialist bureau MSNBC stated, “Whether or not to aim for re-election is up to the president himself.” “We are all urging Mr. Biden to make a decision. That's because time is running out,” he said. In response to Mr. Biden's age and whether he has the power to win against former President Trump in the November final election, Democratic lawmakersunrestIt has been shown once again that it is spreading.

The Bank of Japan held a bond market participant meeting with institutional investors such as life insurance companies on the 10th.meetingThen, I learned in interviews with people involved that various opinions came up about the Bank of Japan's government bond purchases, such as opposing excessive reductions. While opinions calling for a gradual reduction came out due to concerns about liquidity, it is said that there were also voices saying that the purchase itself should be stopped. The Bank of Japan had a meeting with banks, securities companies, etc. the day before.

Multiple Japanese banks, the bank of the United Arab Emirates (UAE) Abu Dhabi Emirate, and First Abu Dhabi Bank (FAB) have shown interest in the 51% share sale where possibilities have surfaced at India's Yes Bank. The person concerned, who is familiar with the situation, made it clear. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG), etc. were interested in the Japanese team, but how strong was that interest, actuallysuggestionsIt is said that it is unclear whether it will move. FAB is considering making an acquisition proposal for up to 51% of Yes Bank shares. 51% of shares are worth about 5 billion dollars (about 807 billion yen).