Japan has been priming its economic pump for decades, trying to get out of its economic stagflation. They use government spending to get out of a deep recession that began years ago.
They are able to do this because they are not as dependent as the U.S. on foreign countries to buy and keep owning their debt. The U.S. bond market depends to a much greater extent on other countries holding U.S. Treasury bonds. And the U. S. dollar has historically been more of a reserve instrument than the Japanese yen.
Still, prices in Japan are high, and consumer and business conditions are dismal. You cannot say Japan is getting away with deficit spending. Reality will catch up with them as it will with the U.S. eventually.
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