Former Japanese Prime Minister Shinzo Abe, who set the tone for Japan's economic future, was assassinated Friday while giving a campaign speech in Nara prefecture.
Japan's Prime Minister Shinzo Abe, center, speaks during a meeting of a task force on the new coronavirus at his official residence in Tokyo Feb. 27, 2020.
"The greatest structural issue facing the Japanese economy is the aging of society and shrinking of the population. However, we see this challenge as an opportunity. Demographic change is a social challenge that will soon be shared by most developed countries."in the 21st century. Abe himself explained it as a "three pillar" plan — "bold monetary policy, flexible fiscal policy and a growth strategy that encourages private investment.
. The former prime minister both raised consumption taxes and printed new currency to make Japanese exports more appealing to foreign buyers. Japan's Prime Minister Shinzo Abe delivers a speech during an opening session of the Comprehensive and Progressive Trans-Pacific Partnership in Tokyo Jan. 19, 2019.Japanese positions abroadAs opposed to former President Ronald Reagan's famous "Reaganomics" policy outlook, Abe's economic officials did not operate with a laissez-faire attitude. Abe frequently used government funding and programs to spark private economic growth that was expected to sustain into the future.
"I will break down any and all walls looming ahead of the Japanese economy and map out a new trajectory for growth," Abe said in a speech at the
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