Former Japanese Prime Minister Shinzo Abe, 67, died after being shot at a campaign event in the city of Nara. Abe was at a political gathering to show support for his former party ahead of elections to Japan's upper house of parliament. The 41-year-old man, who lives in Nara, is in police custody after the assassination attempt. According to local media reports, he had a disagreement with Abe's policies and decided to attack him.

Abe remained an influential figure in Japan despite stepping down as prime minister in 2020 for health reasons. On the economic front, Abe was best known for his efforts to restore Japan's economic growth through hyper-soft monetary policy, fiscal spending, and structural reforms.

Although this strategy was designed to boost productivity and reduce the country's debt over the long term, economists have noted mixed results for the world's third-largest economy. "Abenomics has continued even after Abe left office and even after other central banks began raising interest rates this year to stem skyrocketing inflation. Perhaps Japan will change its economic course after this event.