Yes, they have many world class players like fukuhara
And no, if you read the previous answer, everybody in the world holds it differently depending on how you like it.
However...
Japanese are the most creative with rackets and sometimes have lumps for better grips on their penholders. They even developed a racket that lets you hold the racket, connects it to another handle, and therefore changing the angle of the racket
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ping pong is the same as Table Tennis, you serve to your opposing team and hit back when they hit it to you, and remember to hit the ball on the table across the net! :) and the first person to get 11 points wins!