Cheaper for sure. However I never like the quality of any music instruments made in Indon. Felt so wrong!

I'm not an expert, nevertheless here is what I've experienced:

I'm ref to the Yamaha Grand Piano, the C3. Couple years back before Yamaha decides to produce the lowest range of the Grands in Indon, it was manufactured in Japan.
The price was slightly higher, about 5g's but you can just feel the woods and workmanship is different. The soundboard however, I wasn't sure where it was made. Certainly sounds slightly mellow compared to Japs.