Ministry finds troubling challenges for bookstores

The Japanese industry ministry recently released a report highlighting the various challenges faced by bookstores in the country, such as low profit margins and tough competition from online stores. The report also mentioned the impact of digitalization on decreasing sales of magazines and comic books, along with the heavy burden of transportation costs for returning unsold items to publishers.

In response to these issues, the ministry plans to establish a liaison committee to discuss and implement support measures for struggling bookstores by the end of the year. The report indicates that brick-and-mortar bookstores are at a disadvantage compared to their online counterparts, as they are lagging in digitalization and face restrictions in setting prices.

With a total of 34 identified problems facing bookstores in Japan, the industry is working towards finding solutions to revive these establishments. A survey revealed that over 25% of municipalities in Japan do not have a single bookstore, prompting calls for action from both central and local governments.

Industry Minister Yoji Muto emphasized the importance of understanding these challenges and working together to support the survival and growth of bookstores in the country.