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
Genki Abe reappointed to the same position in 1940. In 1941, Abe became Deputy Director of the Cabinet Planning Board. In 1945, towards the closing stages of World War II, Abe was made Home Minister under the Suzuki Kantarō administration and President of the Cabinet Planning Board. He was critical of Japan’s lack of adequate air raid shelters, which he asserted was due to the government’s fear of public reaction and concerns that this would interfere with war production. He was also outspoken in his opposition to acceptance of the Potsdam Declaration, one of the conditions imposed on the surrender of Japan,