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
China–Japan relations forces in part due to the First and Second Opium Wars and Anglo-French Expeditions from the 1860s to the 1880s. According to Chinese government, the relationship between China and Japan has been strained at times by Japan's refusal to acknowledge its wartime past to the satisfaction of China. However, according to Japanese government, the expansion of People's Liberation Army and its assertive actions have been damaging the bilateral relation. Revisionist comments made by prominent Japanese officials and some Japanese history textbooks regarding the 1937 Nanking Massacre have been a focus of particular controversy. Sino-Japanese relations warmed considerably after Shinzo Abe