re BBC the typical economist line re Japan

'Ask any economist of any stripe what Japan needs and they will give you a very similar list.

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To add insult to injury, Japan has been hit hard by the global financial crisis”

Regulation needs to be loosened, foreign investment welcomed and women empowered to stay at work while raising families.'

Question: if this has not worked. in the long run, for almost all already developed economies, or for the successful developing ones, 

as we are now seeing,

why would anyone think it should work for Japan now, after a long successful developmental protectionist state period, 1950 to 1980 or so, but then 

torpedoed by the US opening to China after the Nixon Shock?