Second Abe Cabinet the Second Abe cabinet was dissolved on December 24, 2014, and replaced with the Third Abe cabinet. <br> <br> R = Member of the House of Representatives <br>C = Member of the House of Councillors Pages at the Kantei (English website): Second Abe Cabinet The Second Abe Cabinet governed Japan under the leadership of Prime Minister Shinzō Abe from December 2012 to December 2014. Following the return to power of the LDP in the 2012 general election, Abe, as party president, was elected Prime Minister by the National Diet on December 26, 2012, and presented his cabinet for swearing in
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"