I have a Tokai Es188 that a friend of mine offered me to trade is own Gibson ES 335 after playing it.Amazing guitar, with great woods and craftsmanship.
Still not every Japanese made guitar is amazing, there are a lot of duds out there also.
Once i got a Tokai Ls160 on a trade that in theory should have been a great guitar, while it was not a top of the line Tokai in terms of specs when you get to this type on line you get a lot for your money (this one even came with Bare Knuckle pickups the previous owner installed).
Unfortunately the guitar was a dud, lifeless and with surprisingly lack of quality in construction (glue spills etc).It was definitely not a guitar up to Tokai standards.
Still i feel the quality control is much higher in brands like Tokai(when you get to higher lines) in comparison to what you get from the standard guitars USA made Guitars from Fender and Gibson(the Specs in my Tokai in a Gibson USA ES would be something out of the USA Custom Shop).
Sometimes you even get a a lot bang for the buck even from mid priced MIJ guitars, a few years a go i did a trip to South Korea and bought a FGN tele (It's from the Fujigen factory, the one that made all those famous lawsuit guitars back in the day), when i got back home from that trip my USA made Telecaster just felt pale in comparison with the FGN.I sold immediately the Tele (which was a nice guitar, personally picked her on a GC in a trip to New York).
I still have that tele to this day, and it's probably the guitar it get's more playing time.