When I played PSO v1 on the Dreamcast, I noticed the same thing; bunch of Japanese guys prefer to use female characters.
Added much later: I was just curious about the f/m ratio at WOW and this is what I found, http://us.battle.net/wow/en/forum/topic/5271505556. After a little research, it seems Japanese prefer slim guys than masculine , hence even their male characters appear feminine.
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