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07:24
Liberal Democratic Party proposes next-generation financial framework integrating AI and blockchain; three major banks plan to issue stablecoins by March next year
ChainCatcher news, according to a report from CoinPost, the Liberal Democratic Party of Japan's Digital Society Promotion Headquarters "Next Generation AI & On-Chain Finance Project Team" has released a proposal suggesting the integration of AI and blockchain to drive automation and 24/7 operation of decision-making, financing, and asset management, designating finance as the "18th growth investment sector." The proposal's specific measures include: advancing the tokenization of Bank of Japan current deposits (including wholesale CBDC), with a goal to finalize key arguments within the year; a joint issuance of stablecoins by three major banks, aiming to launch operations by March next year; and promoting the on-chain tokenization of real-world assets (RWA) such as receivables and real estate. At the level of international cooperation, the proposal suggests establishing an "AI & On-Chain Finance Asia Policy Dialogue Framework" and advancing cross-border settlements of yen-denominated stablecoins to build a "Global SC Corridor Initiative."
07:15
The Bank of Japan may raise interest rates to 1.5% by 2027, with a possible increase to 1% in July.
ChainCatcher news, according to Golden Ten Data, S&P Global Market Intelligence economist Harumi Taguchi stated that the Bank of Japan may raise the policy rate from the current 0.75% to 1% in July, and hike rates again in December and in 2027, bringing the policy rate to 1.5%. Taguchi pointed out that rising oil prices and a weakening yen may intensify inflation concerns, prompting the Bank of Japan to further increase rates.
07:08
Bank of America raises Dell Technologies' target price to $280
Glonghui, May 19|Bank of America has raised the target price of Dell Technologies from $246 to $280, maintaining a "Buy" rating. (Glonghui)
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