90% of the time it's just hype and bragging rights.
Where the good Jap knives realy shine is in cutting meat, this is where a really sharp edge shows up. To get to this stage, you need to unerstand about blade geometery,and sharpening techniques. Again, the large majority of knife owners do not have this knowledge or the aquired skills A sharp edge is not infinite.
Because of the blade geometry and materials,Japanese knves can take a much more extreme bevel, which allows them a wicked sharp edge,but also a very fragile one. It is a trade off,but then all steel alloys are a compromise of toughness, brittleness, hardness,edge rentention and the ability to resist acids.
Where the German style knives shine is in about 75% of the other related work tasks in a commercial kitchen. Cutting and coring cabbage (What better to cut Rot Kraut then a Henckels?) Chopping herbs,peeling and cutting squashes, boning out meats, and "in my day" hacking up 5 kg slabs of couverture.
I can also take paper thin slices of smoked salmon with a 30 yr old "Driezack" (older name for Wusthof) smoked salmon knife made especially for this purpose,an the design goes back over a hundred years. On the other hand I have to admit that many japanese knives are ideal for cutting delicate meats like fish.
I hve amused myself to no end by listeing to "japapense knife conversations". You would think that the rest of the world had, prior to 1945, manufctured it's tools, ships, weapons, surgery equipment, barber equipment, etc with pointy willow sticks hardened in the fire pit....