Might mean (unverified): Prolonged economic stagnation, low inflation.
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We found 2 dictionaries that define the word Japanification:

General (2 matching dictionaries)
  1. Japanification: Wiktionary
  2. Japanification: Wikipedia, the Free Encyclopedia

Definitions from Wiktionary (Japanification)

noun:  (informal, sometimes derogatory) The process of making or becoming Japanese.
noun:  (economy) persistent stagnation and deflation

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