Of course, that's an old picture of the country; ~10 years ago when everyone though of Tokyo as a place where kids hung out on the street in cool fashion all day, that's because those kids were unemployed because they weren't willing to become salarymen. And there has been real reform towards productivity since then.
Also, Japan’s Phillips Curve looks like Japan.
It is frozen at the exact size and breadth that US wanted to freeze it. Its a literal economic colony.
> But this is mostly because "sacrificing and hardworking" was a dumb thing to set up the country to be
It worked until 1991.
I very much recommedn reading about the Plaza Accords.
Up until recently, it was a given. In the case of Japan, there is some kind of feudal behavior of 'loyalty' that comes from the Zaibatsu culture. Which in itself descended from postwar Yakuza.
> We can't even stop Saudi Arabia from raising gas prices whenever they want to annoy us.
You used to. Until Russia & China built up enough defense industry and also started helping any country against US coups and color revolutions by providing intelligence.
Seeing how well that worked for the US, no thanks.
The only reason European GDP is going down is because of 10-year-long trade war that was started circa 2005 by the US. It started with tariffs back then, moved onto trying to push NAFTA-like 'trade deals' via TTIP etc, and when all failed, they just blew the pipeline.
Judging from what was done to Japan with 'Plaza Accords', there is no guilt or responsibility of the targeted country and their people in this. Japanese were and still are the most sacrificing, hardworking workers. And yet, after accepting the terms that the US forced on them with those accords, Japanese economy is still in ruins.