• BOJ published May monetary base figures in a PDF (66KB) and XLSX (71KB) on June 2, 2026
• Release includes long‑term time‑series data for the monetary base
• No immediate policy change indicated; data serves as a statistical update

• Current account balance moved to a modest surplus in May, reflecting an improved trade balance
• Export growth and reduced imports were the main drivers of the balance shift
• Central bank market operations stayed steady, with open market purchases unchanged
• Analysts project the surplus to persist if commodity prices remain stable

• ECB Executive Board Member Isabel Schnabel draws parallels between stablecoins and 1970s money market funds, highlighting risks to financial stability and monetary policy transmission
• Stablecoins and money market funds both offer stable-value, liquid investments outside traditional banking, potentially disintermediating banks and increasing short-term funding volatility
• Schnabel argues central banks must adapt regulation, monetary policy, and payment infrastructure to address risks from tokenization and private monetary innovations

• Fed deployed emergency liquidity tools in two major crises: the 2008 Global Financial Crisis and the COVID-19 pandemic
• Federal Reserve governors and Reserve Bank presidents have legal protection against removal, insulating policy from political pressure
• Fed's dual mandate is to promote maximum employment and stable prices, with credibility seen as essential for economic stability