This looks kind of like a little tiny tequila sunrise. It tastes like one, too, but just a little stronger. This drink dates back to the 1930s and is named after a super-strong, quick-dry wood stain brand.
The name seems to be a play on words, combining the racial slur for a Japanese person and the word lacquer because that brand of wood stain was made with Japan lacquer. That’s the old days for you.