Found this info on Reddit, which was taken from a Japanese article. Apparently there will be 5 difficulty levels, and also there are also setting you can adjust manually as you wish.
- Difficulty
- Danger Level
- Enemy Endurance
- Strong Enemy Frequency
- Vehicle Combat Difficulty
- Notoriety Difficulty
- Ammo Frequency
- Time Limit Difficulty
Aim Assist settings:
- Lock-on Type
- Auto-lock to a new target
- Lock-on magnetism
This is awesome, I've thought for a while that open world games should have sliders like sport games. That's a good start!

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