The Nexus 5 is now official. From the product page, select the "tech specs" in the drop down menu, then "View full tech specs". The "leaked" service manual appears to have been for the "Rest of the World model" (I'll call it international).
It is my understanding that Docomo's planned 150 Mbps LTE downlink will be using Band 3, which the international model supports, but not the North American model.
For people who are based in Japan but make trips to North America, the international model looks like the best route. You will NOT get LTE service in the US, but it is compatible with T-Mobile 3G (WCDMA Band 4) and AT&T 3G (WCDMA Band 2). We've all happily lived with 3G for years now. It is totally sufficient.
For people who are based in North America but make trips to Japan, the North American model is best. It is compatible with both T-Mobile and AT&Ts LTE networks (LTE Band 4), and also with what is currently the primary LTE band in Japan for Softbank and NTT Docomo (LTE Band 1). However, lacking Band 3 might become a hinderance in Japan using Docomo or MVNOs as Band 3 seems to be central to Docomo's expansion plans.
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