It doesn't seem like there are recaps, which is kinda funny because with 3 years between the Japanese one and this one, it's by far the longest we've had to wait for a Yakuza game so I would have appreciated the recap lol.
That said, the game does a pretty decent job of catching you up with what you need to know. I know there are little bits and pieces I'm missing, but so far I seem pretty able to keep up.
I'm digging the game. Thoroughly enjoying it so far. Aspects of this series still seem incredibly limited, but at this point I'm liking this better than I liked parts 3 and 4. It's nice to feel absorbed into a game again, and Yakuza 5's story (again, so far) definitely drew me in.