Shinzō Abe summit. October 2018 saw Abe making a landmark trip to China. Despite the Abe administration efforts to promote "multilateralism" on the global scale, Abe conceeded in his China visit the benefits of strong foundations on the bi-lateral level, pledging to see bilateral relations into further "dimensions". China`s enthusiasm with the visit of Japan`s Prime Minister showed reciprocity, with China announcing it`s invitation to Japan to participate in the maritime Belt and Road (丝绸之路经济带和21世纪海上丝绸之路) initiative. On 20 September 2018, Abe was re-elected as leader of the main ruling Liberal Democratic Party. The victory puts him on track to become Japan’s longest-serving
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"