found this forgotten gem on Netflix streaming:

OFFICIAL SHOWDOWN IN LITTLE TOKYO LIVEBLOG™
Buddy movie with Dolph Lundgren, who plays an "american" that was raised in Japan like some kind of reverse swedish weeaboo, and Brandon Lee, the wisecracking chinese-but-japanese-in-this-movie guy who was raised in LA and is fully assimilated, as evidenced by such lines as "I don't eat raw fish," but don't worry, he still knows karate. also starring Tia Carrerre as another non-japanese asian person playing a japanese person who dolph lundgren saves from committing seppuku, which, dolph has just informed me, is rarely done by women unless they've been dishonored.
The yakuza come to america to spread a highly addicting drug that "makes crack look like decaf." Dolph Lundgren has a car speeding at him with four guys with SMGs all shooting at him while he fires away with his pistol, he misses all of them, but just jumps over the car.
Simon Rhee (brother of Philip Rhee of Best of the Best 1 through 4 fame...yeah they made 4 of them) cuts off his pinky as penance to the yakuza boss for screwing up, but the boss doesn't accept it and stabs him in the heart instead.
Now dolph lundgren is wrestling a big fat guy in a bath house, and he stabbed him under water...the fat guy let out a nice underwater wilhelm scream.
YES.
edit: now they're at dolph's place with tia carrerrere (who just got naked.) dolph tells brandon lee to sleep on a futon...brandon lee says "what's a futon?" and stares blankly for about 15 seconds, then gives that "haha, got ya!" look. WTF THE 90s
There was a 5 second sex scene with dolph and tia. Tia was pretty into it, but dolph didn't look how a person with a naked tia carrerra on top of him should look. The yakuza just found them! Now dolph is in his underwear with a shotgun, a bunch of ice picks and sais and ninja stars and a bow gun and he's killing guys left and right.
Oh the Yakuza boss killed dolph's parents, though i'm not sure why.
They just put brandon lee and dolph in a car and crushed the roof of it in a compactor, now the car's on a conveyor belt heading towards some kind of car grinding device. The yakuza guy said they were making "heavy metal sushi" out of them.
They escaped...
FUCK YEAH TRAINING MONTAGE TIME!!!
Oh shit the yakuza are putting drugs in the beer to get "america hooked while they watch football." They've enlisted a bunch of black and hispanic people to distribute the drugs.
all that training was for nothing, he's just shooting guns at them now. he's trying to rescue tia, who the yakuza boss kidnapped
brandon lee's face is all bloody and he looks EXACTLY like the joker in TDK (who resembled brandon lee in the crow.) Creepy!
He's doing the classic "reading the miranda rights while kicking the shit out of the guy then blowing him up in a vat of alcohol" scene
Now they've blown up the brewery where the drugs were being smuggled and are chasing the yakuza boss through a parade. Dolph and the boss are dueling with katanas. The boss had a gun, but dolph told him guns were dishonorable, so he put it down and now they're swordfighting.
Dolph shoves a sword through the boss' stomach, says "this is for my parents, then throws him on to a fireworks wheel, which starts spinning and catches on fire, completely burning up the boss' body. END GREATEST MOVIE EVER.