Thursday, January 31, 2008

Price of Books Falls in Japan

I'm heading back to work this morning.

This was in the Asia Pulse News on Monday:

Sales of books and magazines in 2007 dropped for the third straight year, falling 3.1 per cent to 2.08 trillion yen (US$19 billion), according to figures released Friday by the Research Institute for Publications.

These numbers are deceptive because, while the number of books sold didn't change, the price of them did. A greater percentage of books sold were cheap cell phone novels that brought down the average price of all books by 3.8 percent.

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