Abe sworn in as Japanese PM Shinzo Abe is preparing to unveil his new cabinet after the Japanese parliament on Wednesday appointed him Japan's seventh prime minister in six years. Earlier this month, Mr Abe led the Liberal Democratic party to a crushing election victory over the ruling Democratic party. Mr Abe has vowed to create a "crisis beating government" to tackle the deflation that has dogged Japan for more than two decades and also the strong yen. He has also warned the Bank of Japan that it risks losing its independence - through legislative changes - if it does not introduce a 2 per cent inflation target. The LDP leader is serving as prime minister for a second time, following a short one-year stint six years ago. He is expected to pick a cabinet of allies to propel his agenda of boosting the economy with co-ordinated fiscal and monetary policies. The role of finance minister is expected to fall to Taro Aso, one of Mr Abe's closest supporters. Mr Aso, who himself is a former prime minister, is set to become deputy prime minister and also financial services minister. The prime minister is expected to choose Fumio Kishida as foreign minister, Itsunori Onodera as defence minister and Toshimitsu Motegi as minister of trade and economy. Akira Amari, a former economy minister, is expected to assume the key position of minister for economic revitalisation. Mr Abe has pledged to introduce big economic stimulus measures. That would be a sharp change in tack for Japan as the ousted DPJ focused its energy on winning an increase in the consumption tax.