not really, the sad thing about japan is that the govt was misguided and tried to prop up the economy through wasteful infrastructure and fiscal spending. The financial position of the govt is very bad (lots of debt) compared to 1990s - people tend to see the surface effects.
enormous sums of money (resources) were stolen and enormous sums were wasted in bad infrastructure investments. The macau-hk-zhuhai bridge is one example. there is only one way out: borrow lots of money and get a lot of foreign investments