Prime Minister Shinzo Abe announced the second phase of Abenomics and three new arrows, including "a robust economy that creates hope", "child care support that fosters dreams" and "social security that fosters a sense of safety". The three new arrows aren't a means but targets to be achieved. Winning as many seats as possible in the coming House of Councillors election is the first political hurdle for the Abe administration in their attempted constitutional revision. A strong economy will contribute to a victory in the coming elections. While merits and demerits of Abenomics are being considered, there are three external factors to influence the revival of the Japanese economy. These factors are a US interest rate rise, Chinese economic slowdown, and falling oil prices.