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So basically, Japanese developers make games on the PS4 because it's the current generation of console hardware. Unfortunately, the PS4 hasn't gained traction yet in the Japanese market, so to ensure sales, games are ported down to the PS3. Because they still need to justify sales of the PS4 version they developed, the game is better off being localized.

It sounds like they've been trapped by the conditions of their market. It's beneficial for someone like me who enjoys Japanese games, but I feel like this is just another step towards pushing more major developers towards the incredibly profitable, low effort world of mobile games that dominates Japan.