Bangladesh–Japan relations securing markets for their finished goods. In 2001, there were about 9,500 Bangladeshis in Japan. Japan recognized the People's Republic of Bangladesh on February 10, 1972, soon after its independence. Both parties celebrated thirty years of relations in 2002. Seven Japanese nationals died in the 1 July 2016 Dhaka Attacks by Islamist militants. Japanese Prime Minister Shinzo Abe said "I feel profound anger that so many innocent people have lost their lives in the cruel and nefarious terrorism." Bangladesh–Japan relations Bangladesh–Japan relations (, ) were established on 10 February 1972. By 2015, the bilateral annual trade of these two countries
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"