Heck of a stretch to describe B-K as a Japanese franchise. The creators are British & they're currently owned by the American Microsoft. Plus, if Rare's not the ones making a Banjo game, the next most likely candidates would be Playtonic & after that a handful of mostly western indie devs that have done their own 3D platformers who might take on such a project.
Ninja Gaiden seems to be the popular opinion. A new 3D entry to go alongside the recently announced 2D revival. & the series always had an affiliation with the XBox brand. Personally, I'm holding out fleeting hope for KH Warriors.