The President of the Liberal Democratic Party of Japan (LDP), Shinzo Abe, said at his first press conference that his new cabinet will be announced on next week 26, its with the main focus will be “to overcome the crisis”, boost the economy, and restore Japan’s diplomatic power of Japan.

President of the Liberal Democratic Party of Japan (LDP), Shinzo Abe

Abe said the new government will try to fix Japan’s chronic deflation. The prime minister said that in order to implement a looser monetary policy and achieve the 2% per year inflation, he will order his Ministers to sign agreements with the Japanese central bank. Abe promised to maintain the Japan-US alliance and restore Japan’s diplomatic power. He noted that the Japan-China relationship a key relationship for Japan and said that the current tension between them hinders Japan’s national interests.