Can there be any way back for Japan?

Everyone likes low prices, but if I said to you the level of Japanese consumer prices are now at the same level as way back in October 1998, then correctly you would conclude something is not quite right.

Additionally, if I observed that during the first three weeks of July there was not a single day that all of the benchmark Japanese bonds traded, then you really would be worried.   Japan was the first country to utilise the economic policies of ultra-low interest rates and quantitative easing, which have become so familiar in other countries over the past decade.  Given the apparent lack of impact these have had over the last generation, can there be any way back for Japan?   The current administration of Shinzo Abe has previously talked a story of reform and change, but hopes for...