As someone who has lived in Japan for 6 of the last 8 years (with 2 in the UK in the middle) -- I'll take Japan any day. Especially when I compare what's happening in real estate in Japan vs what's happening in the UK, I've got a pretty good feeling that one of the two has got it right (hint: not the UK).

However, not sure if Japan will survive "Abenomics" (just as sensible as Reaganomics, but with a dash added corruption ;-) ).