Third Abe Cabinet Third Abe Cabinet The Third Abe Cabinet governed Japan under the leadership of Prime Minister Shinzō Abe from December 2014 to November 2017. The government is a coalition between the Liberal Democratic Party and the Komeito (which had changed its name from "New Komeito" in the 2012–2014 term) and controls both the upper and lower houses of the National Diet. Following the 2017 general election the Third Abe cabinet was dissolved on November 1, 2017, and replaced with the Fourth Abe cabinet. Following the snap "Abenomics Dissolution" and general election of 2014, Abe was re-elected by the Diet and chose
Kozo Yamamoto appointed his ministerships in 2016. Yamamoto is a known advocate of reflation policies, and is one of the first to argue for using monetary easing tools to overcome deflation in Japan. As a longtime critic of the Bank of Japan's monetary tightening policies in the Diet, he chaired multiple study groups on monetary policy when the LDP was out of power, and appealed to Shinzo Abe the need for quantitative easing. Yamamoto proposed the consumption tax increase of April 2014 to Abe Shinzo, and advised swift action. He also advocated for basic allowances and various public-works projects for low-income earners