Japan after the South Korean government lifted the 30-year ban on cultural exchange with Japan that had been in place since 1948. Korean pop cultural products' success in the Japanese market is partially explained by the borrowing of Japanese ideas such as the star-marketing system and heavy promotion of new television shows and music. Korean dramas such as "Winter Sonata" and "Coffee Prince," as well as K-pop artists such as BIGBANG and SHINee are very popular with Japanese consumers. Most recently, South Korean President Moon Jae-in met with Japanese Prime Minister Shinzo Abe at the 2017 G-20 Summit in Hamburg, Germany
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"