Video/DVD standards have always been an issue. When I buy any hardware I always make sure it is multi-region or can be hacked.
It's often necessary [when dealing with VHS] to have a compatible TV too.
NTSC uses 525 lines accross the screen to make up the picture compared to 625 on PAL format.
From my perspective of having PAL equipment, English programmes have better clarity than other formats. NTSC programmes have a 'warmer' feel to them as the picture is slightly stretched to fill that surplus 100 lines.
As Vampy says, Sugar, you'll have no problems playing Japanese NTSC vids on your equipment.
Sensei, I assume that LDs have the same sort of encoding as VHS in that the PAL/NTSC standards are maintained. They're not like the DVD regions.
If you already have an LD player, check the manual to see if it mentions playing discs from foreign countries.
If you're looking to buy a laser disc player, it'd be wise to research it online first to check compatibility details and learn of potential problems with particular brands.
There are many 'fan sites' for entertainment technology/hardware so the geeks will undoubtedly know through playtesting
