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I think with games like MGS V, Splatoon, Mario Maker, Bloodborne, Monster Hunter 4 Ultimate and now Xenoblade Chronicles X launching this year, there's definitely mounting evidence for an argument to be made that top-tier development in Japan is enjoying something of a renaissance, especially considering over the last five to ten years people have been arguing (including high profile Japanese developers) that Japan's games were no longer at the forefront of game design, and weren't keeping up quality-wise with the boom in the West.