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.
Takeo Miki
After being elected, Miki attempted to reform the LDP, relentlessly investigating the Lockheed bribery scandals, which made him a large number of enemies within the party. A campaign literally called "Down with Miki" ("Miki oroshi") was started by influential faction leaders. Despite Miki's personal popularity with the public, the Lockheed scandal reflected poorly on the party, which lost its overall majority in the 1976 election to the Diet and had to make deals with minor parties to remain in power. Embarrassed by the result, Miki resigned and was succeeded on 24 December 1976, by Takeo Fukuda.