Japan–Taiwan relations "The terms of the Cairo Declaration shall be carried out and Japanese sovereignty shall be limited to the islands of Honshū, Hokkaidō, Kyūshū, Shikoku and such minor islands as we determine." Statements and principles set in the Joint Communiqué of 1972 were written in the Treaty of Peace and Friendship between Japan and the People's Republic of China in 1978. Japan and the PRC agreed to continue abiding by the treaty when former Prime Minister of Japan Shinzo Abe visited Beijing on 8 October 2006. In 1998, Japan and the PRC signed the Japan–China Joint Declaration on Building a Partnership
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"