yes in fact, it is. relative to american rice.
it's has a similar stickiness, the taste is a bit different, but better imo.
it pairs well with asian dishes as opposed to american rices and can be used for sushi.
it's not 1:1, but it's certainly a good substitute when you can find japanese rice.
Jasmine rice can NOT be used for sushi! It's not sticky enough to hold together. The fact that it's not sticky makes it good for fried rice, not for sushi.