NO
Ibanez guitars were made in the USA at at time, even though it may have been assembled in the USA. Hoshino (ibanez's parent co) had all production done at the Fujijen factory, they just used neckplates that said either "made in Japan", Bensalem, PA or North Hollywood, CA
The LR would denote lipstick red. I have two of these, and they are amazing guitars.