2013 Japanese House of Councillors election a number of issues. Shinzo Abe led the Liberal Democratic Party to victory in the December 2012 general election after several years in the opposition. In campaigning to win control of the House of Councillors, Abe sought to resolve the "twisted parliament" problem for the next three years. Just prior to the election, the U.S. dollar fell against the yen on expectations of more momentum for Prime Minister Shinzo Abe's aggressive monetary easing to fight deflation and boost growth for the export-dominant economy of Japan. Abe's LDP and its coalition partner, the New Komeito party, were tipped to win a
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"