The day was dominated by the surge in long-term interest rates, with the 10-year JGB yield briefly hitting 3.015%, a 30-year high. The Nikkei plunged nearly 1,900 points amid global rate hike fears. BOJ Governor Ueda hinted at a possible September rate hike, stating that hikes would be discussed at every meeting, including this month's. US Treasury Secretary Bessent urged decisive monetary policy to combat the weak yen. Concurrently, heavy rain and a linear precipitation band in Aomori Prefecture caused record rainfall and flooding, with evacuation orders and damage reported. Other stories included the US military's attack on Iran's Revolutionary Guard, the Emperor Emeritus's wish to downscale his funeral, and the revival of Mitsubishi's Pajero SUV.