When will people realize that Japanese Gaming is irrelevant

[DirtyP2002]

I would not say irrelevant, but not as important as it used to be.

Japanese developers failed to create a franchise as big as Battlefied, CoD, GTA or even Assassin's Creed in the past decade. (not mentioning Halo, Uncharted and Gears for being exclusives) Furthermore their existing franchises declined rapidly. Final Fantasy, Resident Evil even MGS is not the highlight of the year as they used to be.

They try to reinvent their franchises but fail to do so most of the times.