It appears the answer is leaning towards "yes," in a specific context. While a traditional Hot Topic store presence in Japan isn't explicitly confirmed, a collaboration indicates a presence.
According to available information, Hot Topic is involved in a collaborative pop-up store in Japan:
- Hot Topic and Studio Ghibli: They are opening a fashion store in Tokyo's Harajuku. This is a "Harajuku Collective pop-up store."
This collaboration suggests that while there might not be standalone Hot Topic stores, they are exploring the Japanese market through partnerships.