Iran's foreign ministry spokesman said Iran is holding talks with all regional countries to build trust and develop homegrown security mechanisms.

Japanese media report the weaker yen is providing a material tailwind to multinational exporters, prompting a wave of fiscal-year earnings upgrades this reporting season. Despite recent government FX intervention, markets expect the yen to remain under pressure. Export-heavy firms including Toyota Motor, Honda Motor, Sony and Muji parent Ryohin Keikaku have raised profit outlooks. Okasan Securities says that among TOPIX’s roughly 1,600 constituents, since July 1, 159 firms have upgraded fiscal-year forecasts and 12 have cut them; the overall forecast-revision ratio reached 86%, the highest since FY2016.

US senior defense official Colby said US interests in the Indo-Pacific are closer than ever, meaning US investment in the region will be stronger and is increasing.