- Dallas Federal Reserve Bank President Richard Fisher on Monday said U.S. inflation was running too high for comfort, but the central bank had until the end of June to decide how that might impact interest rates.
- Venezuela will recommend cutting oil production at an OPEC meeting on June 1, Venezuela's oil minister said Monday.
- Mainichi News reported that seven of ten prominent economists expect the Bank of Japan to raise the interest rate in July. However Vice Finance Minister Koichi Hosokawa said the Bank of Japan should keep interest rates at zero to support the economy.
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