The film received generally positive reviews. Mark Schilling of
The Japan Times wrote that Toma Ikuta is "a versatile actor" who plays "a goofy undercover-cop-cum-gangster". In a separate review of the film he wrote that
The Mole Song: Hong Kong Capriccio is one of Takashi Miike's better films, noting that "Ikuta gives himself up totally to the idiocy of being Reiji, from his incurable awkwardness with women to his knack for stupidly getting himself into perilous situations." Maggie Lee of
Variety wrote, "Despite the ragtag characters, sudden twists, and dizzying collage-like animated sequences, Kudo's literate screenplay and Kenji Yamashita's brisk editing manage to steer the main plot on course, making this one of the easiest-to-follow outings by Miike." ==Home video==