New data from Japan's Research Laboratory of the Publishing Science shows that the Japanese publishing industry revenues dropped to 1.47 trillion yen (around US $ 12.8 billion) last year, down 3.4% compared to the previous year.
Book sales accounted for 737 billion yen of that total, and only declined 0.7%. Magazine sales in Japan accounted for much of the rest, and totaled 734 billion yen. PublishNews.com.br notes that this was the first time in 41 years that magazine sales in Japan fell short of book sales.
eBooks, on the other hand, were the bright spot in the market stats. Japan's digital books market grew 13.2% in 2016, compared to 2015. eBook sales totaled of 25.8 billion yen.
The highlights of the Japanese market in 2016 included the ongoing shift from the paper manga to the electronic manga; the bankruptcy of Taiyo-Sya, which was the fifth largest distributor of books and magazines in the country; and the expansion of the digital magazine reading market.
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