1) Each country has different copyright law, and different rules for mechanical licensing. No copyright law is international.
2) The US does have very strong and user-friendly mechanical licensing scheme which make the user to skip to contact the copyright owner for the payment (compulsory mechanical licensing). However this is only for the case, IF the record/CD in digital or physical has been officially distributed in the US. That normally means, official US version of the record in either digital or physical, must exist. Exports of Japanese versions, as far as most of the Japanese game companies consider, are not US distributed records. Under this mechanical licensing, you are only allow to distribute your record in the US.
There are some countries, which does have similar compulsory mechanical licensing scheme. For example, Japan, Germany, Taiwan, Australia, have such licensing rule, but you might not automatically obtain the permission to arrange like the US copyright law grants.
3) US agencies like the US copryright office and HF only give you license to distribute in the US.
4) If you are considering worldwide distribution, then your best chance to go to the copyright owner or their representatives directly.
5) Streaming may require different licensing from physical records, or permanent-download-based digital record.
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