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Shinzo Abe new Japanese PM

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Shinzo Abe new Japanese PM


Japan’s lower house of Parliament has approved Shinzo Abe as Prime Minister, the second time the hawkish lawmaker has been in the top job.

Abe’s Liberal Democratic Party surges back to power three years after a crushing defeat which came after more than 50-years of non-stop rule.

Now that the 58-year-old has taken the reins once more he must try to steer his country out of deflation and confront a rising China.

The grandson of a former prime minister has promised aggressive monetary easing by the Bank of Japan and big fiscal spending to slay deflation and weaken the yen making Japanese exports more competitive.

Abe resigned as Prime Minister five years ago after a one year term that was troubled by scandals in his cabinet as well as public outrage over lost pension records.

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