Do places like China and Japan have their own competitive IT/SWE market, similar to US/Can/India/UK. If so, how do their salaries and work culture compare to these countries?

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Not sure what kind of answer you are looking for? Because all those countries have a very different culture. The stereotypes say:
Japan: long working hours
Europe: better rights (health care, vacations, family)
USA: better pay (but don't get sick)
India: changing job often.

US to Europe, can confirm the benefits are significantly better but pay is lower

I don’t think IT/SWE roles are that respected relative to business or sales roles in Japan. So they aren’t usually paid as much.

I don't think it's as competitive unless you can get into something really niche.

get ready to work 2x as much as get paid 4x as little in Asia...

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