Japanese games market shrunk in 2009
It seems the video games industry may not be quite as recession proof as some executives might have predicted, the Japanese market shrinking over the course of 2009.
According to Famitsu (thanks VG247), the Japanese games market fell from 582 billion Yen in 2008 to 542 billion Yen in 2009.
Of this total figure, software fell from 332 billion to 326 billion (saved to some extent by the late release of new Dragon Quest and Final Fantasy games), while hardware dropped from 250 billion to 216 billion.
Sales are also likely to have declined in Europe and the US in 2009. More soon.