Why did zero percent interest rates lead to stagflation in Japan in the last couple of decades? -

Why did high government spending and zero percent interest rates lead to stagflation in Japan? Do the politicians seem to be making the same mistakes with the UK and US now?

Low interest rates do not quot;causequot; stagflation. And in any case, Japan has not experienced much inflation at all. In fact their problem is more DEflation than INflation.