Slasher,
It kind of is but compared to other jobs in Asia, below the China parallel, it isn't so far off the mark, as far as cash in the pocket. If it wasn't for the long training, the check rides conducted by petty check airmen, the medicals, riding the packed train to work 6 days a week, and overnights in 3 star hotels.....
On the positive side, the job appears to be long term and steady. I know of a couple guys that quit and then returned deciding that the grass wasn't greener.
The great jobs like the ANA group are far and few between.