Shinzo Abe resigns: Japanese PM's reign known for ‘Abenomics’, political stability

Japanese Prime Minister Shinzo Abe anunced his resignation on August 28 due to his deteriorating health condition after he suffered a relapse of ulcerative colitis. intestinal disease h caused trouble to outgoing PM in past as he h to resign during his first term as prime minister in 2007.

As Shinzo Abe awaits his successor to take over reins, he has alrey become longest-serving prime minister who heed Japanese government for over eight years in two terms combined. While COVID-19 response, failed or successful, will be among highlights of most of world leers, outgoing prime minister became kwn for his signature ecomic strategy of "Abemics", a portmanteau of Abe and ecomics.

During his second term as Japanese PM, Abe vocated ecomic policies based on “three arrows” of monetary easing, fiscal stimulus, and structural reforms. monetary easing from Bank of Japan and increased government spending helped Abe steer ecomy out of deflation but coveted growth remained elusive. subsequent slowdown in later years raised questions about effectiveness of his ecomic strategy.

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Shinzo Abe’s return to power in 2012 brought political stability in Japan since country h been through five prime ministers in as many years. Liberal Democratic Party (LDP) chief projected his im as a strong, conservative leer with nationalist nda which often caused trouble with South Korea and China. However, Abe’s critics say that such a long tenure became possible because of weak opposition.

While anuncing his resignation, Abe mitted that he failed to introduce amendment of Article 9 of Japanese Constitution, one of his most cherished goals. Japanese PM wanted to write existence of Japan’s Self-Defense Forces into Article 9 which would have given a constitutional standing to military.

Diplomatic front

65-year-old politician focussed on strengning ties with tritional allies like United States, Australia and India, but he also did a balancing act by t letting Japan’s relationship with China sour. He visited Beijing in October 2018 and Chinese President Xi Jinping was also set to visit Japan this year but coronavirus pandemic forced m to postpone trip. recent clampdown on Hong Kong by Japan’s biggest tring partner forced Abe to walk a diplomatic tight rope.

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