Japan's newspaper industry caters to a nation of avid readers and has thus enjoyed a healthy business environment when compared with other developed countries — but times are changing.
Although not yet reeling like their overseas counterparts amid the worsening global recession and growing tendency of people to shun newspapers in favor of the Internet as a news source, Japanese newspapers, too, are feeling the pinch as circulation declines along with advertising revenue.
The recession, which has deepened since late last year, is expected to further discourage large corporations from investing in huge advertising outlays.