If you haven’t heard, the Japanese digital book market is in a tailspin, according to The Information.
The market, which was worth around $5.3 billion last year, has seen a dramatic decline, with online book sales declining by 40 percent over the last year.
And this year, online bookstores like Amazon.co.jp, Barnes and Noble, and Nook have announced plans to phase out physical book sales.
The Information, meanwhile, says the Japanese book industry is struggling.
According to the company, online sales have dropped by 40.5 percent over last year and have been dropping ever since.
Amazon and other online booksellers have been investing heavily in the Japanese market, with many investing in acquiring Japanese titles.
However, those books haven’t been selling well.
The Information also says that Japan’s new generation of manga creators are struggling to make their mark in the market.
“Japanese manga is a genre that’s been under a lot of pressure for a long time.
There’s been a lot to consider as to what’s going on,” says Yuki Saito, head of digital content at Japanese publishing house Shogakukan.
“We’re in a very different period, where a lot has been happening.
There are a lot more manga creators now.”
Shogaku is the publisher of manga like the Naruto Shippuden series, and Saito said he’s seeing a resurgence of the genre, especially among women.
“There are now many more women involved in the industry.
They’ve been doing it for years.
They want to bring that passion to the genre,” Saito says.
“That’s really exciting.
And there are new manga creators, so we’re really excited to see that.”
The Japanese manga industry is already struggling.
ShogAKU’s Saito pointed out that the market is already saturated with manga, with more than a million titles published this year.
The new generation is also finding it harder to make it in the manga business, especially after the recent deaths of key manga creators.
And they’re also finding themselves competing with foreign manga publishers who have a more limited pool of titles available to them.
“We’re competing with publishers like Viz Media, the publisher for Naruto Shipper, and they’re getting a lot less attention, and it’s hard for them to get their titles into the Japanese manga market,” Satel says.
“They’re not really trying to build a manga business.
They’re trying to find ways to sell their titles overseas, and to get manga into people’s hands, and the Japanese publisher is the only one who’s really making it happen.”