The R354GF features an alder body with a gravure flame top bolted to a maple neck with a 22-fret rosewood fingerboard with dot position markers. Components include Ibanez pickups mounted in a clear pickguard with a humbucker at the bridge and single-coils at the neck and middle positions, a TZ-6 synchronized tremolo bridge and locking Gotoh tuners.
It is one the Radius models with a more traditional, Stratocaster-like, approach. The R334 is a similar model without the exotic top. The R355GF is a similar model with a humbucking pickup at the neck.
The R354GF was offered only in Japan and was discontinued in 1993 after two years in production.