Remember the nes, ps1,ps2 era? When Japanese games used to dominate the world with quality/innovative products. JRPGs ruled the world and rightfully so as lot of masterpieces came out during those era. But the 360 and ps3 era Japan IMO fell behind the western game development. Western games featured richer story, more innovation in games, and higher quality AAA titles. JRPGs almost went extinct in the AAA market, fighting games aside from MK almost went extinct for a while until SFIV etc.
Bloodborne: Spiritual sequel to series that started during PS360 era
Resident Evil 7: Reviewing the same as Resident Evil 5, from the PS360 era
Final Fantasy XV: absolute development hell, released to good but not excellent reception
Street Fighter V: Widely considered to be a total fiasco and disappointing compared to the PS360 era installment
Dark Souls 3: Widely considered to be weakest installment of a series that launched in PS360 era
The Last Guardian: absolute development hell
Metal Gear Solid 5: absolute development hell
The Evil Within: Neither widespread critical or commercial success
Bayonetta: Direct sequel to PS360 game
New Smash: Still hasn't dethroned previous installment from two generations ago, but yes admittedly better than the Wii game
And upcoming games like persona 5, dragon quest xi, nino no kuni 2, FFVII remake(2050 release date), Legend of Zelda, nier etc.
Two games that are sequels to PS360 era games; one that you admit is never going to release; one that's in development hell AND cross-generation
I think if you actually unpack this what you mean is "There have been some good Japanese games recently". Cool.