Going into the match with a 1-2 head-to-head record, Jayaram eked out a 21-19 16-21 21-16 win over world number 26 Sasaki in a match that lasted one hour and five minutes.
The world number 32 Indian will next take on the winner of the match between China's Tian Houwei and Chinese Taipei's Chou Tien Chen, seeded seventh.
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Jayaram surged ahead to a 6-1 lead in the second game but this time it was Sasaki who drew parity with five straight points and then broke off at 10-10 to eventually roar back into the contest.
The decider was a hard-fought contest as the duo engaged in a fierce fight right from the start. The Japanese held a slender lead at 9-6 at one stage but Jayaram kept breathing down his neck and finally surpassed Sasaki from 12-12 before sealing the issue in his favour comfortably.
Jayaram had reached the semifinals of Malaysia Masters Grand Prix Gold, Swiss Open Grand Prix Gold and Russian Open Grand Prix this season.
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