IMF staff and Guinean authorities have reached agreement on a 41-month extended credit facility worth SDR 310.59 million.

Singapore's Ministry of Trade and Industry said falling oil inventories and an influx of alternative energy will restrain upward pressure on global energy prices.

Japanese media, citing people familiar with the matter, report the Bank of Japan could raise its policy rate again at the Sept. 17-18 policy meeting after a June increase, citing rising inflation risks driven by rapid AI-related demand growth, a sharp yen depreciation and higher oil prices. Markets had previously expected roughly six-month spacing between hikes. Minutes from the BOJ’s July 30-31 meeting showed some board members urged a faster pace of tightening; one said the pace of policy-rate increases could exceed market expectations, another said it was necessary to speed up the adjustment of monetary easing.