Fukuda Doctrine
Takeo Fukuda was an expert in economics. He took on the role of an ‘economic prime minister’ under Miki's administration from 1974 to 1976. During this time, he established the Ministerial Conference on Economic Measures, enabling cross-ministry and agency talks on finance, wage and labor issues.
Fukuda subsequently became the 67th prime minister of Japan, lasting for only one term from 1976 to 1978. However, he was not forced out of office before he had gotten two major diplomatic reforms executed. Under Fukuda cabinet, Japan conducted an omnidirectional peace diplomacy, and signed Japan-China Treaty of Peace and Friendship in 1978. He pushed forward Japan's pacifistic position while making an effort to strengthen relations with Asian countries.
Prime Minister of Japan
Until the mid-1930s, the Prime Minister of Japan was normally granted a hereditary peerage ("kazoku") prior to leaving office if he had not already been ennobled. Titles were usually bestowed in the ranks of count, viscount or baron, depending on the relative accomplishments and status of the Prime Minister. The two highest ranks, marquess and prince, were only bestowed upon highly distinguished statesmen, and were not granted to a Prime Minister after 1928. The last Prime Minister who was a peer was Baron Kijūrō Shidehara, who served as Prime Minister from October 1945 to May 1946. The peerage was abolished when the Constitution of Japan came into effect in May 1947.