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
Holy See–Japan relations Minister Shinzo Abe in 2014, and Prince Akishino in 2016. Holy See–Japan relations The relations between the Holy See and Japan were informally established in 1919, when the Japanese government accepted a request by the Holy See to send an apostolic delegate to their country. It was not until 1942 that Japan began full diplomatic relations between the two states, making Japan the first Asian country to do so, and not until 1958 that the Japanese mission to the Vatican in Rome was upgraded to an embassy. The decision was made by Emperor Showa during World War II, hoping that