Well, that's exactly the same error that is shown in the USA/EUR (I'm not sure which) version that does not work without "simulate umd delays." It's pretty likely to have the same cause.
(I don't actually have the game, I'm just basing this off of logs and screenshots I've seen.)
-[Unknown]
(I don't actually have the game, I'm just basing this off of logs and screenshots I've seen.)
-[Unknown]

