Hi,
Regarding your question, I think the EMC of LPC407x can NOT connect to the external Micron 29E04G08 NAND flash device, the EMC can connect to asynchronous SRAM, NOR flash, SDRAM, but it can not connect to NAND flash. Pls check if the Micron 29E04G08 is NOR flash or NAND flash, if it is NOR flash, could you post the data sheet?
Secondly, I suppose that you connect NOR flash, in the case, I suggest you refer to the section 11.2 External memory interface in data sheet of LPC407x, which I attached.
For example, this is the reading figure:

For the reading timing, pls check RD2 and RD4.

so pls try to use the spec for reading, and check if there is issue for reading. For the writing spec, pls check yourself.
LPC_EMC->StaticWaitOen0 = 1; /* Delay from CS or addr change to RE */
LPC_EMC->StaticWaitRd0 = 4; /* Delay from CS to read access */
Hope it can help you
BR
XiangJun Rong