Judging from the other reviews, I seem to be in the minority in enjoying Dreaming the Reality as much as I do. I saw it back in the late 1990's on a not great VHS tape with the occasional hard-to-read subtitles. I am guessing that this is still the best print out there. I had been looking for this movie for years. Thanks to YouTube, I was finally able to re-watch it this week.
Two plot threads are juggled in Dreaming the Reality. In one, two unrelated girls are raised to be stone cold assassins by their criminal adopted father. As adults, one (Yukari Oshima) seems to have accepted her role, while the other (Moon Lee) has great doubts about the life. Meanwhile, in Thailand, an ex-cop turned restaurant owner (Sibelle Hu) and her brother get into trouble with the criminal owner of a kickboxing stadium. Eventually, these two stories come together over a lot of beaten, shot, and blown apart bodies. The finale is the highpoint, with the adopted father/daughter showdown giving the viewer a gleefully intense ride.
Admittedly, the film's story is pretty simple and there are more kickboxing ring matches than needed. On the other hand, the action scenes are dynamite and Moon Lee looks gorgeous. Perhaps more of a guilty pleasure than a great movie, Dreaming the Reality lives up to my memory of it. I am not disappointed at all, which is not always true in re-watching old favorites.