In 1947, Japan adopted a new constitution emphasizing liberal democratic practices. The Allied occupation ended with the Treaty of San Francisco in 1952, and Japan was granted membership in the United Nations in 1956. A period of record growth propelled Japan to become the second-largest economy in the world; this ended in the mid-1990s after the popping of an asset price bubble, beginning the "Lost Decade". On March 11, 2011, Japan suffered one of the largest earthquakes in its recorded history, triggering the Fukushima Daiichi nuclear disaster. On May 1, 2019, after the historic abdication of Emperor Akihito, his son Naruhito became Emperor, beginning the Reiwa era.