[Jansen312]

Japan has too many subsidies and intra-corporations-labour protection. That shielded them at the expense of stagflation.

[hn_throwaway_99]

"stagflation" doesn't describe Japan at all, they're the polar opposite.

[afterburner]

Stagflation means high inflation, high unemployment. Japan does not have high inflation.

[dustintrex]

Or high unemployment for that matter, although reality is less rosy than the headline stats.