My take on this is that Square-Enix and Sony are the two companies that have the most interest in trying to revive the home console in Japan, while many other Japanese companies shift their focus to mobile (though, Square is also doing its fair share of this as well) and Nintendo continues to struggle in the home console space (though, they are doing fine with their handhelds, of course). In a sense, the high-budget AAA Japanese titles have taken the biggest hit, since they require home consoles to be prominent within Japan.
Both Square-Enix and Sony have a vested interest in seeing the PS4 succeed in Japan. From Square's standpoint, it may very well be in their interest for Sony to have a lot of market power in Japan as opposed to a more level playing field, especially with all the weird idiosyncrasies with Nintendo's products and the fact that third party games don't sell well on their systems. By that, I mean Square can probably make its games for less money and sell more copies in Japan if the PS4 is the dominant console.
I think Kingdom Hearts III and Final Fantasy XV were put on both PS4 and XB1 without any sort of timed exclusivity for PS4 because a) those games sell well in the West and b) Square didn't predict that the PS4 would do phenomenally well worldwide. If and when FFXVI comes out (I don't think it will be an MMO since Square doesn't want to cannibalize the revenue stream of FFXIV which is doing fantastically), I am sure we are going to see some form of timed exclusivity, similar to what we are going to see with the remake of Final Fantasy VII.
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