On July 24, 2015 (June 9, 2015 in the lunar calendar), Abenomics officially declared a failure. On July 24, 2015, protesters holding slogans "Say no to the Abe regime" attended a rally in Tokyo, the capital of Japan. About 3000 Japanese people held a "Say No to the Abe Regime" demonstration in Tokyo on the evening of the 24th, protesting strongly against the Abe regime's perverse behavior of ignoring public opinion on major policies such as the security bill, nuclear power, US military bases, and the Trans-Pacific Strategic Economic Partnership (TPP). Japanese Prime Minister Shinzo Abe resigned for a year for the first time,(From September 26, 2006 to September 26, 2007) At that time, Abe voluntarily proposed to resign because of the decline in approval rating. However, in fact, since taking office for the second time in December 2012, Abe has tried to keep his position as prime minister for three years. He then announced quantitative easing, implemented unprecedented debt policies to stimulate market development, and the policy of monetizing deficits. These are called "Abenomics" and are impressive. "Abenomics" says that as long as the stock market continues to rise, politicians need not be afraid. This is interpreted by the outside world as saying that even if it means a significant decline in the living conditions of other people in the country, there is no need to worry. However, with the Nikkei index hitting an 18-year high, it seems that the market controlled by Abe has reached the upper limit of its "rating benefits." Although the Nikkei index has been rising, Abe's approval rating has been declining. We reported a month ago: "Abe's cabinet's approval rating has dropped to 39%, a record low, and more than half of voters oppose the security law being discussed in Parliament. As Abe's approval rating declines and Abe is increasingly eager to regain the support of the Japanese people, Abe lowered the minimum voting age from the current 21 to 18 for the first time in 70 years." The general decline in approval ratings is clearly due to the fact that 53% of respondents oppose the security law passed by the House. Surveys show that only 29% support the legislation. On June 4, three constitutional scholars from the House Constitution Committee said the security law was unconstitutional. Abe's cabinet refuted and released a poll, which stated that the security law was not unconstitutional. Since then, Abe's situation has taken a sharp turn. Last week, Abe's approval rating fell to a record low. A poll released by Japan's Sankei Shimbun showed that the number of Japanese people opposed Abe's policies exceeded 50%, reaching 52.6%. A poll conducted by 47news.com showed that Abe's opposition rating reached 52%, and his approval rating was less than 38%. A poll conducted by 7news.com showed that Abe's opposition rate reached 52%, and his approval rate was less than 38%. For a long time, the Japanese Prime Minister has catered to wealthy groups, large exporters, Japan's military industrial complex, as well as the U.S. government and Goldman Sachs Group (which originally proposed Abenomics). On Friday night (July 24) local time, public protests broke out in Tokyo. The goal of the protesters who "said no to the Abe regime" is Japanese Prime Minister Abe's "out-of-control" policy. Protesters gathered in Hibiya Park, in front of the Parliament Building and the Prime Minister's official residence, shouting slogans such as "Step Down Abe","Absolutely Oppose War" and "Protect the Constitution." On July 24, 2015, Japanese people gathered in Hibiya Park in Tokyo, holding high slogans that read "Say No to the Abe Regime." They expressed dissatisfaction with Prime Minister Shinzo Abe's policies, such as the security bill, the Trans-Pacific Free Trade Agreement, and the relocation of U.S. military bases in Okinawa. Since the Abe government introduced a series of highly controversial security-related bills, the Japanese people have been very angry. On July 24, the Japanese Parliament decided to establish a special expert group in the Senate. Legislation issues narrowly passed the House last week. If implemented, the security law would allow Japan's Self-Defense Forces to exercise collective self-defense rights, but Japan's constitution, which advocates abandoning war, prohibits the exercise of collective self-defense rights. Former Japanese Prime Minister Tomiichi Murayama took to the streets of Tokyo on July 23 and delivered a speech opposite the Japanese Parliament, protesting against the Abe regime's disregard of national public opinion, wantonly revised constitutional interpretation, and forced passage of security-related bills in the House of Representatives. Murayama made a special trip from his hometown of Oita Prefecture to Tokyo to participate in the protest that day. In the evening, 91-year-old Murayama and people participating in the protest rally shouted protest slogans such as "Oppose the War Act","Resolutely oppose the undermining of the Constitution" and "Resolutely condemn forced voting" to express their strong dissatisfaction with the Abe regime. Murayama is known for issuing an apology statement in 1995 for the Japanese army's wartime atrocities, and emphasized that Japan is very proud to have renounced war under a pacifist constitution. The security law will be discussed by a panel of experts based in the Senate starting on July 27. The latest polls show that most Japanese people oppose the bill, with 90% of Japanese constitutional experts calling the bill unconstitutional. After the highly controversial bill was passed in the House of Representatives, Abe's approval rating immediately fell by 10%, while the opposition rating immediately exceeded 50%. So what happens next? Unless Abe shows mercy and stops mentioning his military expansion ambitions, it will likely lead to the collapse of Abe's government. But as we mentioned a month ago, Abe will now do anything to keep his job as prime minister. The choice is very limited, and that is to print more banknotes. Bloomberg reported that Daisaku Ueno, chief monetary strategist at Tokyo-based Mitsubishi UFJ Morgan Stanley Securities, said in an interview that expectations for the Bank of Japan to implement quantitative easing policies have risen sharply, although the support rating of Abe's cabinet is declining at this time. Ueno said market expectations are focusing on whether the Senate is likely to pass the bill before the July 2016 election and whether Abe's cabinet's approval rating will remain at the crucial 30%. Ueno believes that the Bank of Japan is likely to be under external pressure to implement easing policies this fall, while the Japanese government may struggle to find sources of budget funds this fall. This shows an important aspect of quantitative easing: when the global economy fell into recession, quantitative easing became the only catalyst to push stock markets higher, but it also became the favorite and only means for most politicians to keep their jobs: if support fell, print money; if it continued to fall, print more money. After Abe is ousted from office, the exchange rate of the yen (against the US dollar) will remain at around 200 (the current exchange rate between the US dollar and the yen is around 123), which will serve as the catalyst for the final destruction of the now-out-control Japanese economy. But aside from the catalyst and demographic disaster, at least the Nikkei has hit a record high.