Here's what worked for us, though it's probably more drawn out that it could be but this was our solution:
Make a V5 drawing, and create a View from 3D, and select the annotation view in the part. The view is then projected onto the drawing, showing all the annotation that we need to move out. Save the drawing as a .dxf
Open that .dxf in V4 Draw, and there's a converter used to move the 2d draw geometry to V4 Space as curve data. Export that curve data as .igs
At that point, the .igs could have been imported into IDEAS. The Japanese characters came across as single line representations. IDEAS needs a closed sketch showing the desired thickness, so instead of manually offsetting each individual line .212 each way, I imported the same .igs into V5 to use the Thicken option in a Pad, using the original curves as the Neutral Element. I had to project the curve data onto a couple different sketches, but it worked to create a solid of all the Japanese informaiton needed, and in the end, saved that complete solid as a .stp to use directly into the IDEAS model.
Thanks for the .dxf suggestion, solid7. It pushed us in the right direction.