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Even the free online bandwidth tests will show me a much higher transfer rate for hosts inside Japan than those located in Asia or elsewhere.
If you're doing video targeted at the Japanese audience then local hosting should be your first consideration.
[edited by: simplesimon at 5:56 pm (utc) on June 1, 2008]
Nowhere else in Asia (except for perhaps Korea?) will you get such mind boggling speeds.
If 50% of your users are in Tokyo, have at least one server hosted in Tokyo if possible, for example.
You can do clever things to push users to the servers 'nearest' them using DNS and so on if you want to.