Yes, and Yes, The SOG Vulcan's blade is made in Seki, Japan. I am looking at my Vulcan right now and the blade steel is VG-10. It is really great stuff and supposed to be right above the 154CM (ATS-34 for some of you) mark. The blade is very thick for a blade length of this size, so the edge seems to last forever. The blade pivot can be tightened to where the knife has *ZERO* walk and talk (blade play), and with just a quick 1:1 stroke with a diamond sharpener the blade is better than razor sharp all over again. The lock up is great and is tested to over 1000 pounds of pressure. The pocket clip is nice too, it allows the knife to sit low and out of visibility. The finger flip or 'kick,' is a nice feature and with a little practice allows the blade to be ready and drawn by the time you can position your hand around the grip. This is a great knife for the money and I would have expected it to cost over $200 bucks. Hope this helps, J.