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Bank of Japan Governor Kazuo Ueda declined to comment on daily market movements or the market's general expectation that a September rate hike is highly likely.

Bank of Japan Governor Kazuo Ueda: We will be monitoring whether the economy and prices are in line with our scenario, as well as the associated risks.

Bank of Japan Governor Kazuo Ueda: We will discuss appropriate policies at the next policy meeting, while reviewing the economic, price, and financial conditions.

Bank of Japan Governor Kazuo Ueda: We will pay special attention to the Middle East conflict, demand for artificial intelligence, the impact of foreign exchange on the economy, and the role of prices in policy guidance.

Bank of Japan Governor Kazuo Ueda: The basic stance on monetary policy remains largely unchanged compared to July.

Bank of Japan Governor Kazuo Ueda: The data released since the July meeting are largely in line with our forecasts in the July quarterly report.

Bank of Japan Governor Kazuo Ueda: No comment on daily market fluctuations; the market has already priced in a strong possibility of a September rate hike.

Japanese Finance Minister Satsuki Katayama: I will not comment on specific foreign exchange levels.

Japan's base money rate fell 15.7% year-on-year in August, compared with -13.80% in the previous month.

Japanese Finance Minister Satsuki Katayama: We have informed the G20 that the US-Japan foreign exchange intervention is in line with G7 commitments.

Japanese Finance Minister Satsuki Katayama: U.S. Treasury Secretary Bessenter mentioned the U.S. plan on how to control debt.

Japanese Finance Minister Satsuki Katayama: Debt expansion is a global trend, and Japan has explained our fiscal policy aimed at achieving growth and fiscal sustainability.

Bank of Japan Governor Kazuo Ueda: We discussed with central banks around the world the necessity of strengthening communication to implement appropriate monetary policies and achieve price stability in the context of changing global circumstances.

Bank of Japan Governor Kazuo Ueda said he met with U.S. Treasury Secretary Bessenter, but did not comment on the content of the discussions.

According to Iran's Tasnim News Agency, citing Arab sources, at least four explosions have occurred in Bahrain, reportedly caused by Iranian attacks.

According to the Bahrain News Agency: Bahrain's air defense system intercepted and destroyed an Iranian drone.

September 2nd - On September 1st local time, US President Trump announced his nomination of Kao Hung (of Vietnamese descent) as the next US Secretary of the Navy. Trump urged the Senate to confirm the nomination as soon as possible.

September 2 - On the morning of September 2 local time, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that in retaliation for the actions of the US military, the Aerospace Force of the Iranian Islamic Revolutionary Guard Corps launched an attack on the Prince Hassan Air Base in Jordan, destroying multiple RQ-4 and MQ-9 drones and killing several pilots and crew members. Several US military technical facilities were also damaged.

On September 2, the Peruvian Ministry of Foreign Affairs announced that it was severing diplomatic relations with Iran, stating that the decision had been communicated to Iran through a diplomatic note from the Iranian Embassy in Ecuador.