I wonder if the low top speeed of the Ki-43 was necessarily a consequence of the Japanese desire for maneuverability, or if it was fault of a lack of more powerful engines in Japan. People assume the Oscar and the Zero were slower than Allied fighters of their class (like the P-40) because the Japanese wanted planes basically for dogfight. I'm skeptical about this, because in order to enter in a dogfight, you have to reach your enemy first. If you can't or if this is difficult, it just doesn't make sense.
Apart from the Kasei, there was no powerful radials in 1938-40 for the Japanese engineers to choose from. It is my understanding that any Kasei Mitsubishi was to produce was dearly needed for the G4M that was in design proces. The Japanese have had no 3-engined bomber in pipeline until too late, so 2 x ~1500 initial HP was dearl needed for the combination of bombload/range/speed neccessary.
The Oscar and Zero were much faster than Nate and Claude, but Japanese have had a proble that Europe and USA were introducing ever faster aircraft in a much faster tempo than the Japanese themselves. The Zero and p-40 were in see-saw battel for performance, one sometimes faster, then another, depending on engine and how much they were burdened by firepower and protection. Installation of engine on the Zero got improvements much earlier than on the Oscar.
Just look at the Yak-3 for instance. Very light, very agile, but adequate in terms of performance. And as I have said earlier, the Zero did not had this performance issue against the Wildcat. It did lacked pilot and fuel tank protection, and dive speed, but not level flight speed. So it's pilot's could chase Wildcats in level flight without having to worry about performance. Now a Ki-43 against a P-40E, I guess the IJA pilot's must have felt lack of performance. Specially in the first production model of the Hayabusa.
Yak-3 introduced a tiny wing, of a thinner profile when compared with prevoius Yak fighters, that were already with small wings when compared with Oscar/Zero (nod for Soviets). Neither Zero nor Oscar were with thin wings, either (again a nod for Soviets). Almost a brand new aircraft. It also helps when low powered engine is a V12 rater than a radial (3rd nod for Soviets). The Yak 3 was a much later design (4rth nod), drawing from experiences of the major war against a formidable opponent.
A problem for the Yak-3 is that it was without the long range capabilities needed in Asia/Pacific, even if we attach the drop tanks on it. On the other hand, had the Japanese came out with an aircraft powered by Ha-40 V12 engine, featuring the tiny wings from the Ki-44...
Then, there was the interesting Ki-12 fighter from the 1930s, but IJA got cold feet and ordered the simple Ki-27.