National Stadium (Tokyo) National Stadium (Tokyo) Demolition was completed in May 2015, and the site will be redeveloped with a new larger-capacity National Olympic Stadium. The new stadium is set to be the main venue for the 2020 Summer Olympics and Paralympics. The original plans for the new stadium were scrapped in July 2015 by Japanese Prime Minister Shinzo Abe, who announced a rebid after a public outcry because of increased building costs. As a result, the new design will not be ready for the 2019 Rugby World Cup, as originally intended. A new design created by architect Kengo Kuma was chosen in
Kozo Yamamoto appointed his ministerships in 2016. Yamamoto is a known advocate of reflation policies, and is one of the first to argue for using monetary easing tools to overcome deflation in Japan. As a longtime critic of the Bank of Japan's monetary tightening policies in the Diet, he chaired multiple study groups on monetary policy when the LDP was out of power, and appealed to Shinzo Abe the need for quantitative easing. Yamamoto proposed the consumption tax increase of April 2014 to Abe Shinzo, and advised swift action. He also advocated for basic allowances and various public-works projects for low-income earners