It looks like a cedar top flamenco. If so, it is likely to be patterned after a Ramirez flamenco as the Japanese were really big on copying Ramirez. It appears there enough saddle left to lower the action if the action is in the tolerable range (3-4mm). Ramirez guitars, and assuming Japanese copies, have had a history of neck angle issues so that would be the first thing to check out--the action and how much saddle is left to lower the action. The guitar looks to be in good condition so $300 is a good price. I suspect the top is solid and the sides and back are laminate--not a big deal. Japanese "Ramirez" guitars from the OP stated era are nice and the Japanese did a good job of copying the original. I have a Japanese "Ramirez" classical which has close to the "Ramirez sound" but cost a whole lot less.
be true to the one you love but have many flings with different guitars
guitarras en la espiritu de la:
Jose Ramirez III