Japanese Prime Minister, Shinzo Abe, announced his resignation from his post on Friday due to his worsening health.
“I am no longer in a situation,” Abe said in a statement translated by the Guardian news, during his resignation announcement.
“Where I can confidently answer to the mandate of the people of this nation.”
According to NHK, a Japanese media, Abe does not want to become a burden to the government due to his worsening health.
Abe has been battling a chronic disease called “ulcerative colitis” since his teens, as per NHK.
This is the second time Abe resigned from the prime minister post due to his chronic illness.
He is supposed to serve Japan until next year, September 2021.
Abe’s Political History And “Abenomics”
Abe first became Japan’s Prime Minister in 2006, at the age of 52, however, due to health reasons, he had to leave his position after one year.
He made a comeback in 2012 and has served as his country’s longest-serving prime minister until 2020.
He came from a family of politicians, his father, and two grandfathers have all served Japan since the 50s.
Abe is also known for “Abenomics” which is an aggressive economy-boosting strategy for Japan, designed to recover from deflation and reignite its economy.
Abenomics focuses on a multi-pronged approach to economics: aggressive monetary policy, flexible fiscal policy, and growth strategy.
However, according to CNA, experts think, the Abenomics failed to deliver its promises to Japan’s economy.
The Japanese economy has been on a decline even before the pandemic started.
According to Brian Kelly, as per CNA, the prime minister’s economic strategy “has singularly failed” in delivering local conditions that can assist higher growth without much external reliance demand.
Abe is also known to support the revision of Japan’s constitution which was written largely by American’s after Japan’s defeat in the second world war.
One change is to create a “standing army” for Japan, AFR reported.
The Liberal Democratic Party (LDP), Abe’s political party backed up proposals to change the law that hinders Japan from having a stronger army and to lessen the role of the emperor in the country.