1990s earthquakes economic massive downturn banks made bad loans real estate bubble burst gov't takes blame tendency to micromanage industry, strong suggestions backed poorly researched business plans thought mainframe computers were the way to go political dominated by the lib dems, so blamed on them corruption scandals large amounts of cash kickbacks splinter parties from LDP new parties japan new party japan renewal party new frontier party lack of unity creates instability forming and breaking of coalitions ldp falls apart and loses dominance new leadership denounces corruption corruption tends to go with poverty, political instability, conflict leadership (PM) koizumi 2001-2006 had to step down after two terms very popular lib dems less involved in economy japan post does mail as well as banking, insurance, and other services holds snap elections to gain strength in lower house to get privatization plans pushed through with shift over to private control in 2017, break up functions into different corporations, biggest part of his legacy handles demographic crisis, birth rate too low to sustain population encourage child care at lower cost emphasize work ethic Shenzou Abe 2006-2007 expected to be new/fresh face for lib dems relatively younger than most in ldp renewal, vigor makes controversial/radical statements about foreign policy (comfort women) japan has been reluctant to take responsibility he says that comfort women existed, but were not coerced, revisionist history visits yasukuni shrine to pay homage to WWII dead expansionist leaders caused popularity of ldp to decrease, lost control of upper house odd timing on resignation Fukuda 2007-2008 very clearly US ally very cooperative with war on terror stated that he would not go to shrine like Abe did still wanted to go beyond post-war regime wants a military controlled by japan, jdp opposed confronted with some delays in renewing some things reports that some confessions are coerced no notice of executions Taro Aso sept 24, 2008 in power for about a week this nomination process was particularly transparent most discussion in open meetings grandfather was PM fond of manga has been a foreign minister somewhat hawkish talks of policies in taiwan and korea, seems to be revisionist history proposes more gov't spending and taxing