Re:A couple of notes on American English usage 6 Months, 3 Weeks ago
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Saa. Perhaps you haven't had much contact with racist Americans.
As an adjective describing Japanese-made objects rather than people, the only context in which I have heard Americans use this word is in complaining about what they presumed to be cheap and poorly made imported items competing with goods made in the U.S.. As a noun standing for "Japanese person" or "person of Japanese descent," I have only heard it used in a derogatory manner.