Permanent Residency VS Citizenship

I am in Japan since last 8 years and have work experience of more than 5 years. We have a small a kid who born in Japan. Now I am thinking about applying for permanent residency or Citizenship but confusing about which one will be the better option.I want to know more about main checking points,success rate etc.
If you guys have any ideas it would be great help for me.
Note : I am from a so called third world country.

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