Japan has held rates near the zero lower bound since the late 1990s. If rates were the only factor, you'd expect to see the same situation there.
Their business empire grew N-fold, they just didn't grow in Japan, but the rest of Asia.
Find a name of any non-Chinese blue chip company from Asia, and there is good chance it has Japanese investors.
I feel like that’s strengthening the point you’re arguing against. Consider the quotes sentence alongside the realities of American firms outsourcing their manufacturing. Yes the firms are still juiced by American investors, but there are additional concerns beyond the investment capital. It affects individuals jobs, industries, and economies here in America (or in Japan) for large components of the economy to happen elsewhere.
> The term originally referred to the years from 1991 to 2001, but the decade from 2001 to 2011 (Lost 20 Years) and the decade from 2011 to 2021 (Lost 30 Years) have been included by commentators.