Yes, exactly. Tennoji Park in Osaka has been completely overrun by the homeless in the last several years. They now have a huge encampment there, as they do in other big cities. The population has soared in the last ten years.
It's a depression. In 2001 private-sector output was actually lower in Japan than it was in 1991, an amazing event. Well over half of Japan's annual budget now comes from borrowing, even though this kind of spending has been ineffective.
Things are bad there, although various factors there mean the same amount of economic mistery doesn't look as bad to the naked eye as it does here.