In a proud moment for Japanese cinema, the film known as "National Treasure" has been nominated for an Academy Award. The nomination announcement was made recently, marking a significant achievement for the nation's film industry. The nomination is a testament to the quality of storytelling and filmmaking prowess in the country, solidifying Japan's place on the global cinema stage. While the outcome of the awards is still awaited, the nomination itself has already stirred celebration nationwide.

The news of a Japanese film being nominated for an international award like the Oscars is celebrated in Japan due to the cultural pride and national recognition it brings. Awards of this magnitude often boost the viewership and popularity of the film domestically. It also acknowledges the hard work of filmmakers, actors, and the entire production team, providing encouragement and aspiration for future filmmakers in Japan.

Similar to how it would be received in the US or EU, an Oscar nomination is viewed as one of the highest honors in the film industry. It brings forth global recognition and accolades, adding to a film's success story and boosting its potential for commercial success. However, given Hollywood's dominance in the Academy Awards, a nomination for a non-English language film is often celebrated widely in the respective country due to the additional barriers to recognition they face.