Economy of Peru policies with the so-called ´Fuji Shock´of August 7, 1990. Alberto Fujimori Fujimori ( ; born 28 July 1938) served as President of Peru from 28 July 1990 to 17 November 2000. A controversial figure, Fujimori has been credited with the creation of Fujimorism, defeating the Shining Path insurgency in Peru and restoring its macroeconomic stability. However, he was criticized for his authoritarian way of ruling the country (especially after 1992) and was accused of human rights violations. Even amid his prosecution in 2008 for crimes against humanity relating to his presidency, two-thirds of Peruvians polled voiced approval for his leadership
Alberto Fujimori 72 of their hostages. The government rejected the militants' demand to release imprisoned MRTA members and secretly prepared an elaborate plan to storm the residence, while stalling by negotiating with the hostage-takers. On 22 April 1997, a team of military commandos, codenamed "Chavín de Huantar", raided the building. One hostage, two military commandos, and all 14 MRTA insurgents were killed in the operation. Images of President Fujimori at the ambassador's residence during and after the military operation, surrounded by soldiers and liberated dignitaries, and walking among the corpses of the insurgents, were widely televised. The conclusion of the four-month-long standoff