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
Shinzo Watanabe Shinzo Watanabe Shinzō Watanabe (渡辺 信三 Watanabe Shinzō, 23 December 1935) is a Japanese mathematician, who works on probability theory, stochastic processes and stochastic differential equations. Watanabe received from Kyoto University in 1958 his bachelor's degree and in 1963 his Ph.D. under Kiyosi Itô. Watanabe became a professor at Kyoto University. He was also a visiting professor at Stanford University and participated in the organizing committees of international Japanese/Soviet seminars on probability theory. In 1989 he received the Autumn Prize of the Mathematical Society of Japan. In 1983 he was an invited speaker at the International Congress of Mathematicians in