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
Shinzō Abe legislation and take questions from members of the public. The security bills were finally approved 148 votes to 90 by the House of Councillors and became law on 19 September, following opposition attempts at delaying tactics and physical altercations in which some Diet members attempted to stop the relevant chairman calling the vote to move the bill out of committee and to a general vote. After the vote, Abe issued a statement saying that the new laws "will fortify our pledge to never again wage war", and that the legislation, rather than being "war bills", was instead "aimed at deterring