Sechin, President of Rosneft, a Russian oil company: Production cuts have limited the company’s potential.

According to a Reuters reporter, gunshots were heard in the Gabonese capital Libreville.

National Hurricane Center: Catastrophic storm surges and damaging winds are expected in Big Bend, Florida, when Hurricane Idalia makes landfall this morning.

National Hurricane Center: Hurricane Idalia is about 185 miles (300 kilometers) south of Tallahassee, Florida; maximum sustained winds are 110 mph (175 km/h).

National Hurricane Center: "Idalia" winds are still strengthening and are expected to reach Category 4 strength when it makes landfall.

Philippine stocks rose as much as 1% on the day.

According to Infomax, a subsidiary of Yonhap News Agency: South Korea plans to issue up to US$1.3 billion in foreign currency bonds in 2024.

The Nikkei 225 rose 1%.

USGS: 5.5-magnitude earthquake hits Panama.

National Hurricane Center: "Idalia" is expected to form a severe tropical storm tonight, and there may be catastrophic storm surges and damaging winds when it makes landfall tomorrow morning.

Naoki Tamura, member of the Bank of Japan: The biggest key to the outlook for monetary policy is whether Japan can achieve a positive cycle of wages and inflation.

Bank of Japan member Naoki Tamura: If we see speculative actions that deviate from fundamentals and sharp fluctuations in the exchange rate, the Bank of Japan will take measures such as increasing bond purchases to curb excessive rises in interest rates.

Bank of Japan member Naoki Tamura: I believe we can expect higher wage growth in the wage negotiations next spring.

Bank of Japan member Naoki Tamura: It cannot be denied that price increases may exceed expectations.

Bank of Japan member Naoki Tamura: There is a positive cycle between wages and inflation as rising wages improve consumer sentiment.

Bank of Japan member Naoki Tamura: The Japanese economy is expected to continue to recover, mainly driven by domestic demand.

Bank of Japan member Naoki Tamura: We are at a stage where we need to look at the development of wages and prices with humility.

Bank of Japan member Naoki Tamura: Given the uncertain prospects for reaching the price target, it is appropriate to maintain accommodative policy now.

Naoki Tamura, member of the Bank of Japan: I personally think that the sustained and stable achievement of the 2% inflation target is clearly within sight.