June 3 – Emperor Philippicusisblinded, deposed, and sent into exile by conspirators of the Opsikion army in Thrace, after a reign of 1 year and 6 months. He is succeeded by Anastasios II, a bureaucrat and imperial secretary, who restores internal order and begins the reorganization of the Byzantine army. He executes the officers who have been directly involved in the conspiracy against Philippicus.
Emperor Xuan Zong liquidates the highly lucrative "Inexhaustible Treasury", which is run by a prominent Buddhist monastery in Chang'an. This monastery collects vast amounts of money, silk, and treasures through multitudes of rich people's repentances, left on the premises anonymously. Although the monastery is generous in donations, Xuan Zong issues a decree abolishing their treasury, on the grounds that their banking practices were fraudulent, collects their riches, and distributes the wealth to various other Buddhist monasteries, Daoist abbeys, and to repair statues, halls, and bridges in the city.
InChang'an, for the annual Lantern Festival of this year, recently abdicated emperor Rui Zong erects an enormous lantern wheel at a city gate, with a recorded height of 200 ft. The frame is draped in brocades and silk gauze, adorned with gold and jade jewelry, and when its total of some 50,000 oil cups is lit, the radiance of it can be seen for miles.
Xuan Zong allots the money of 20 million copper coins, and assigns about 1,000 craftsmen to construct a hall at a Buddhist monastery with tons of painted portraits of himself, and of deities, ghosts, etc.
Xuan Zong wins a power struggle with his sister, Princess Taiping. He executes a large number of her allies and forces her to commit suicide.
