From Brian May:
Toshiba-EMI confirm that news fromn HMV Japan of a Queen CD release, scheduled for 31 March was incorrect information. Apologies.

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Further Japaneses releases in the pipeline and recently available:

Queen - Classic Album: A Night At The Opera (DVD)
Availability: Out Soon - current release date is 22 Mar 2006
Genre: Rock & Pop
Format: DVD
Number of Discs: 1
Region Code: 2 (Japan)
Colour: Colour
Resolution: NTSC (Japan)
This version issued: 22 Mar 2006
Catalogue Number: VABG1198
Label: Video Arts Music
Item sourced from: Japan
Other: Documentary, Vistasize/Squeez

Queen - Rock Legend: 1 (DVD)
Availability: Out Soon - current release date is 05 Apr 2006
Genre: Rock & Pop
Format: DVD
Number of Discs: 1
Region Code: 2 (Japan)
Colour: Colour
Resolution: NTSC (Japan)
This version issued: 05 Apr 2006
Catalogue Number: PCBE51724
Label: Pony Canyon
Item sourced from: Japan
Other: Squeez

Queen - DVD Rock Legend: 2 (DVD)
Availability: Out Soon - current release date is 26 Apr 2006
Genre: Rock & Pop
Format: DVD
Number of Discs: 1
This version issued: 26 Apr 2006
Catalogue Number: PCBE51727
Label: Pony Canyon
Item sourced from: Japan
Other: Squeez

Queen - X-posed [CD}
Genre: Rock & Pop
Format: CD
Number of Discs: 1
This version issued: 20 Dec 2005
Catalogue Number: CTCD7042
Label: Chrome Dreams
Item sourced from: UK

And Live in Jaan 2005

For More Information
Live in Japan
http://www.hmv.co.jp/product/detail.asp?sku=1403788

Rock Legend 1
http://www.hmv.co.jp/product/detail.asp?sku=1412571

Rock Legend 2
http://www.hmv.co.jp/product/detail.asp?sku=1401223

ANATO Classic Album
http://www.hmv.co.jp/product/detail.asp?sku=1405994

X-Posed
http://www.hmv.co.jp/product/detail.asp?sku=1423266

I would personally Learn Japanese before checking these sites out