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They still have very good environment, superior building standards (to withstand natural disasters more than anything), superior food quality (minus nuclear fish), superior consumer society and goods, leading technology at least at a consumer level. Not sure many first-world countries can boast...

It's all a numbers game. How has deflation really impacted the quality of lives of day to day Japanese?

As I said, if the Japanese were smarter they'd stop going to war with their neighbours and in fact welcome their investment and immigration. And also try to blend into the world a bit more.

They'd be doing a lot better if they're not always trying to go war with their most important neighbour of 5000 years.

When you say many people, you actually mean many Chinese. The only reason because Japan isn't booming is because the Chinese are not going.

That's a pretty big call. Countries like Japan and Germany have very superior standards of living, higher in many parts if not on par with Australia.