I used to live in Japan until last year. Because the country still has an extremely healthy used games culture where market prices are very quick to reflect the relative success or failure of any given release, your mileage will vary pretty dramatically depending on what games and systems you want to play. A PS4 and its games in the first year, like anywhere else, are bound to be the most expensive overall in terms of upfront investment compared to getting a system with games at a later period, but the market fluctuates enough that you can get recent games for pretty good discounts even new if you're patient enough and do some comparison shopping. Popular stuff might still cost you a few dozen quid, but unless you need to play a game right as it releases, you'll find prices for even new copies to go down enough to reasonable levels. If you're working as an ALT or something similar in the English teaching industry, you'll definitely be making more than enough money to afford some games even on those modest wages, especially if you're smart about where you do your grocery shopping and whatnot in Tokyo. It's an expensive city, but very livable if you don't just go to the same places the tourists do to take care of your daily needs.
Beyond that, I'd suspect that the internals of the PS4 will be the same no matter where you buy it. Nowadays, I believe a lot of electronics like game consoles are engineered to work with different standards of voltages across regions, so I wouldn't be surprised if a Japanese PS4 played nice back in the UK once you worked out the plug situation. Of course, I'd suggest doing your research ahead of time to make sure you're not gonna set your apartment on fire or anything if you just plug it in raw, but that's obviously a given. Beyond that, I believe every piece of PlayStation hardware post-PSP is equipped to boot in multiple languages out of the box, so it should be easy to get a Japanese PS4 to run English system menus if you can't read Japanese. The only issue you might want to consider is that Sony might not honor your warranty in the UK if something happens to it. I've heard stories of people both having no problem getting systems not native to their region serviced and those who couldn't and both are frequent enough that I don't think there's a consensus on what Sony's internal policy is.
That's about all I can think of at the moment. If you've got any questions about import consoles or just living/working in Japan in general, feel free to keep prodding me here or via PM.
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