Here is a collection of articles contrasting the majority view on Japan's economic situation.
http://www.hazelhenderson.com/editorials/japanAttheCrossroads08-01.html
http://truth-out.org/news/item/11414-the-myth-that-japan-is-broke-the-worlds-largest-debtor-is-now-the-worlds-largest-creditor
http://atimes.com/atimes/Japan/MD01Dh01.html
http://krugman.blogs.nytimes.com/2012/01/09/japan-reconsidered-2/
http://blogs.ft.com/martin-wolf-exchange/2010/06/13/does-japan-really-have-a-public-debt-problem/
http://truth-out.org/news/item/11414-the-myth-that-japan-is-broke-the-worlds-largest-debtor-is-now-the-worlds-largest-creditor
http://noahpinionblog.blogspot.de/2012/01/japan-had-one-lost-decade-but-not-two.html
http://www.cepr.net/index.php/blogs/beat-the-press/the-japan-story?
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