Fed's Paulson said a market shift toward a tighter monetary policy outlook is healthy.

Japan's Agency for Natural Resources and Energy said in a Petroleum Statistics Flash on May 29 that April crude imports fell to 4.07 million kiloliters, down 65% YoY and the lowest level since records began in 1989. Imports plunged amid Middle East tensions. The government began releasing national oil reserves on March 26 and in early May released additional reserves equivalent to roughly 20 days of consumption.

NATO Secretary-General Rutte said NATO stands ready to defend every inch of allied territory.