Standard & Poor's cuts Japan's debt outlook to negative.
Japanese manufacturing company Olympus announces it is exiting the camera business after 84 years, stating its financial losses caused by their inability to compete with smartphone cameras was a major factor in the decision.
Three people are killed amidst heavy rains in southwestern Japan. Authorities ask almost one million people to evacuate, warning "unprecedented" levels of rainfall could cause the flooding of rivers, trigger landslides, and submerge houses.
Voters in Okinawa, Japan, go to the polls to elect the members of the next Okinawa Prefectural Assembly. The election results give the camp supporting Governor Takeshi Onaga a clear majority in the assembly. Onaga is opposed to the central government's plan to relocate MCAS Futenma to Henoko Bay in Nago.
India has become the world's third-largest economy in purchasing power parity after the United States and China, moving ahead of Japan according to World Bank report. The last survey in 2005 had placed India in 10th place.
China's defense ministry criticizes the United States for allegedly increasing tensions in the Asia-Pacific region by increasing its military presence and supporting Japan, the Philippines and Vietnam in longstanding territorial disputes.