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By my estimates, 87% less useful.
Who the fuck is ever going have a £1,6k knife on them? Let alone use it?
It's going to be used to cut string twice a year when you happen to be in the same room as the draw it's kept in.
Like most things Japanese you're paying for their high cost of living multiplied by Western fetishization of the Orient.
What's the difference between an OTP Specialised hybrid commuter and a custom aero race bike with deep rims and aggressive geo that fits you like a glove?
Better quality finish, better metal. Holds it's sharpness longer. Easier to grind. Better components. Hand crafted. Limited numbers. Better presentation. Better customer care. And the list goes on
But for what you want to do with it, probably not much...