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    Home > Top Stories > Shinzo Abe sought to reinvigorate Japan with bold economic policies, strong armed forces
    Top Stories

    Shinzo Abe sought to reinvigorate Japan with bold economic policies, strong armed forces

    Published by Wanda Rich

    Posted on July 8, 2022

    5 min read

    Last updated: February 5, 2026

    This image captures Shinzo Abe delivering a speech during an election campaign, highlighting his impactful leadership in Japan. His economic policies, known as Abenomics, and efforts to strengthen Japan's military were crucial themes during his tenure as the longest-serving prime minister.
    Shinzo Abe speaking at an election campaign event - Global Banking & Finance Review
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    Tags:GDPeconomic growthfinancial crisismonetary policyinternational financial institution

    Quick Summary

    TOKYO (Reuters) – Shinzo Abe, Japan’s longest-serving prime minister, who sought to lift the economy out of chronic deflation with his bold “Abenomics” policies, beef up the military and counter China’s growing clout, has died at 67.

    TOKYO (Reuters) – Shinzo Abe, Japan’s longest-serving prime minister, who sought to lift the economy out of chronic deflation with his bold “Abenomics” policies, beef up the military and counter China’s growing clout, has died at 67.

    Abe, who left office in 2020, was shot and killed on Friday during an election campaign speech in an attack his protege and incumbent Prime Minister Fumio Kishida called “absolutely unforgivable”.

    The lawmaker first became premier in 2006, lasting just a year before returning for a rare second stint in 2012 pledging to revive a stagnant economy, loosen the limits of a post-World War Two pacifist constitution and restore traditional values.

    He was instrumental in winning the 2020 Olympics for Tokyo, cherishing a wish to preside over the Games and even appeared as Nintendo video game character Mario during the Olympic handover at Rio, the 2016 host.

    Abe became Japan’s longest-serving premier in November 2019, but by summer 2020, support had been eroded by his handling of the COVID-19 outbreak as well as a series of scandals including the arrest of his former justice minister.

    He resigned in September of that year without achieving his long-held goal of revising the constitution or presiding over the Games, which had been postponed to 2021 due to the pandemic.

    But he remained a dominant presence over the ruling Liberal Democratic Party (LDP), controlling one of its major factions. He was campaigning for an Upper House election two days later when he was assassinated.

    ABENOMICS

    Abe first took office in 2006 as Japan’s youngest prime minister since World War Two. After a year plagued by political scandals, voter outrage at lost pension records, and an election drubbing for his ruling party, Abe quit citing ill health.

    “What worries me most now is that because of my resigning, the conservative ideals that the Abe administration raised will fade,” Abe subsequently wrote in the magazine Bungei Shunju.

    “From now on, I want to sacrifice myself as one lawmaker to make true conservatism take root in Japan.”

    Five years after resigning, which he blamed on the intestinal ailment ulcerative colitis, Abe led his conservative LDP – ousted in 2009 – back to power.

    He then launched a three-pronged “Abenomics” strategy to beat persistent deflation and revive economic growth with hyper-easy monetary policy and fiscal spending, along with structural reform to cope with a fast-aging, shrinking population.

    Deflation proved stubborn, however, and his growth strategy suffered in 2019 from a sales tax hike and Sino-U.S. trade war. The COVID-19 pandemic the following year triggered Japan’s deepest-ever economic slump.

    At the pandemic’s onset, Abe took time to close Japan’s borders and implement a state of emergency urging people to stay home and shops to close. Critics initially branded the response clumsy and later faulted Abe for a lack of leadership.

    When he resigned citing the same intestinal ailment, Japan’s COVID-19 death rate was far below that of many other developed nations.

    DYNASTY

    Abe hailed from a wealthy political family that included a foreign minister father and a great-uncle who served as premier. But when it came to many policies, his grandfather, the late Prime Minister Nobusuke Kishi, seems to have mattered most.

    Kishi was a wartime cabinet minister imprisoned but never tried as a war criminal after World War Two. He served as prime minister from 1957 to 1960, resigning due to public furore over a renegotiated U.S.-Japan security pact.

    Five years old at the time, Abe famously heard the sound of clashes between police and leftist crowds protesting the pact outside parliament as he played on his grandfather’s lap.

    Kishi tried unsuccessfully to revise Japan’s U.S.-drafted 1947 constitution to become an equal security partner with the United States and adopt a more assertive diplomacy – issues central to Abe’s own agenda.

    Abe boosted defence spending and reached out to other Asian nations to counter an increasingly assertive China. He pushed through laws to let Japan exercise the right of “collective self-defence”, or militarily aiding an ally under attack.

    Revising the pacifist constitution remained a top priority for Abe, a contentious goal since many Japanese see the charter as responsible for the country’s post-war record of peace.

    Abe’s underlying agenda was to escape what he called the post-war regime, a legacy of U.S. occupation that conservatives argue deprived Japan of national pride. Reforming the education system to restore traditional mores was another of his goals.

    He also adopted a less apologetic stance towards Japan’s World War Two actions, saying future generations should not have to keep apologising for the mistakes of the past.

    TOUGH STANCE

    First elected to parliament in 1993 after his father’s death, Abe rose to national fame by adopting a tough stance toward unpredictable neighbour North Korea in a feud over Japanese citizens kidnapped by Pyongyang decades ago.

    Though Abe also sought to improve ties with China and South Korea, where bitter wartime memories run deep, he riled both neighbours in 2013 by visiting Tokyo’s Yasukuni Shrine, seen by Beijing and Seoul as a symbol of Japan’s past militarism.

    In later years, he refrained from visiting in person and instead sent ritual offerings.

    Across the Pacific, Abe forged close ties with U.S. President Donald Trump, playing golf and engaging in frequent phone calls and meetings.

    He was re-elected as LDP president for a third consecutive three-year-term in 2018 after a party rule change and, until the COVID-19 pandemic struck, some in the LDP had considered another rule change to allow him a fourth term.

    (Reporting by Elaine Lies and Linda Sieg; Editing by William Mallard and Christopher Cushing)

    Frequently Asked Questions about Shinzo Abe sought to reinvigorate Japan with bold economic policies, strong armed forces

    1What is Abenomics?

    Abenomics refers to the economic policies implemented by Shinzo Abe aimed at revitalizing Japan's economy through monetary easing, fiscal stimulus, and structural reforms.

    2What is deflation?

    Deflation is the decrease in the general price level of goods and services in an economy, which can lead to reduced consumer spending and economic stagnation.

    3What is monetary policy?

    Monetary policy is the process by which a central bank manages the money supply and interest rates to influence economic activity and achieve macroeconomic goals.

    4What is a constitutional revision?

    A constitutional revision refers to the process of amending a country's constitution, which can involve changes to laws governing the state and its institutions.

    5What is economic growth?

    Economic growth is the increase in the production of goods and services in an economy over a period, typically measured by the rise in gross domestic product (GDP).

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