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
Whaling in Japan 15, 1976. Former president of the Japan Fisheries Association and former Director-General of the Japan Fisheries Agency, Iwao Fujita, became the first Managing Director by appointment. In April 1976, Shintaro Abe, the Minister of Agriculture, Forestry and Fisheries, declared government support for the newly formed company. Nihon Kyodo Hogei Co. Ltd. was later renamed Kyodo Senpaku Co. Ltd. and merged with the Japan Whaling Association and Institute of Cetacean Research to create the modern Institute of Cetacean Research in 1987. In 1972, the United Nations Environmental Conference produced a 52–0 vote in favor of a 10-year global moratorium on commercial