Japanese Game Market Shrinks 15 Percent As UK Industry Records Huge Growth

The Japanese videogame market shrank for the first time in four years over 2008, dropping 15% on total sales of $6.2 billion, according to sales tracker Enterbrain.

Meanwhile, Gamasutra has word that the UK game market nearly matched Japan's size with a record $6 billion in 2008 gaming-related sales, representing year-over-year growth of 23%. The UK market has now doubled in size over the past five years.

The UK industry's strong growth was largely fueled by enormous sales of Nintendo's consoles and software. The company sold just under 40 million pieces of software in the territory.

The rapid decrease of the Japanese market was attributed to the lack of new console launches.