Third Abe Cabinet Third Abe Cabinet The Third Abe Cabinet governed Japan under the leadership of Prime Minister Shinzō Abe from December 2014 to November 2017. The government is a coalition between the Liberal Democratic Party and the Komeito (which had changed its name from "New Komeito" in the 2012–2014 term) and controls both the upper and lower houses of the National Diet. Following the 2017 general election the Third Abe cabinet was dissolved on November 1, 2017, and replaced with the Fourth Abe cabinet. Following the snap "Abenomics Dissolution" and general election of 2014, Abe was re-elected by the Diet and chose
National debt of Japan Noda of the Democratic Party of Japan (DPJ) - passed a bill in June 2012 to double the national consumption tax to 10%. This increased the tax to 8% in April 2014. The originally scheduled 10% tax increase to be implemented in October 2015 has been delayed until at least October 2019. The goal of this increase was to halt the growth of the public debt by 2015, although reducing the debt would require further measures. The DPJ subsequently lost control of the Diet in late 2012, and Noda's successor Shinzo Abe, of the Liberal Democratic Party, implemented the "Abenomics"