China–Japan relations by the third conference of the 10th National People's Congress of the PRC, and was ratified in March 2005, and then the law went into effect immediately. Subsequently, anti-Japanese demonstrations took place simultaneously in the PRC and other Asian countries. However, the "warm" relationship between the PRC and Japan had been revived by two Japanese Prime Ministers, Shinzo Abe and particularly Yasuo Fukuda whose father achieved to conclude the Treaty of Peace and Friendship between Japan and the People's Republic of China. In May 2008, Hu Jintao was the first Chinese President in over a decade to be invited to
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"