Actually from what i read, it's not childhood..it's college.
Once they are in college, they've made it. It's over. And college in general is not as vital as in the usa, because the Japanese hire the person not the projects or the knowledge. College is a breather between cram hell and salaried life.
I think that time of Japanese kids' life is actually when they are the most free, they can goof off and do pretty much whatever they want as long inside and outside of school and no one will bother them (parents and teachers likewise), as long as their test scores are OK, that's one of the reasons that 15 is considered the start of the "best years of your life" (seishun).