For the 360, copy protection will probably prevent the game from running.
NTSC/PAL are standards for screen displays (the main difference being 60Hz NTSC, 50Hz PAL). NTSC consoles can be used in any NTSC region, and PAL consoles can be used in any PAL region.
The J referes to the Japaneze release of the game, in which case a non-Japenese console will probably lock out the game. [U - US, E - Europe, B - Brazil, R - Russia are the other most common region codes]