Clearly, the Japanese should instead have chosen mass immigration so that they could continue to live in 640 sq. ft. per family of four instead of 1400 sq. ft. per family of four.
Seriously, here’s an interesting thread on the successes of Japanese housing policy.
Here in America, we constantly hear about how awful the Japanese economy is, but that’s largely because it hasn’t done much of anything for Wall Street since the giant Bubble popped around 1990. But, the Japanese economy has been fairly successful for the Japanese.