Japanese media prominently reported on China's assertive diplomatic and economic moves to counter US influence and the Western-led order. Early reports highlighted President Xi Jinping's announcement of an SCO Development Bank and opposition to "bullying," implicitly targeting the US, while a new Hong Kong stablecoin law was seen as challenging dollar dominance with a yuan-backed token. This narrative gained further momentum mid-morning, with President Xi and President Putin openly criticizing the West at a regional summit in China. Concurrently, reports indicated a decline in global market share for several Chinese companies due to US regulations and domestic demand issues, illustrating the economic impact of these tensions. Domestically, Japan continued to grapple with an unprecedented heat wave, with forecasts predicting its persistence into September, prompting ongoing discussions on urban cooling strategies. Separately, domestic political dynamics saw Prime Minister Ishiba's administration gain confidence amid rising support, alongside internal LDP discussions regarding an early presidential election.