Lost Decade (Japan) Decade. However, several Japanese policymakers have attempted reforms to address the malaise in the Japanese economy. After Shinzo Abe was elected as Japanese prime minister in December 2012, Abe introduced a reform program known as Abenomics which sought to address many of the issues raised by Japan's Lost Decade. His "three arrows" of reform intend to address Japan's chronically low inflation, decreasing worker productivity relative to other developed nations, and demographic issues raised by an aging population. Investor response to the announced reform was strong, and the Nikkei 225 rallied to 20,000 in May 2015 from a low of around
Sanji Abe Abe became the first American of Japanese ancestry to be elected to Hawaii's territorial senate; he ran from the South Hilo district as a Republican. His dual citizenship of the U.S. and Japan became a hotly discussed issue during his election campaign. His citizenship issues first came to public attention in early October; soon afterwards, Abe announced that he would be renouncing his Japanese citizenship. He received confirmation of his expatriation on November 2. The intersection of Abe's ancestry and rise to prominence set him up for negative attention from the US Army's Hawaii sub-command; he was arrested on August