Japan has a population of 127.3 million people and its currency is the yen. The Japanese music market is the second largest in the world, accounting for 20% of global digital sales and 78% of physical sales. Domestically produced music makes up 80% of the repertoire, while international music makes up the other 20%. Piracy is an issue in Japan, with over 407 million illegal music files downloaded annually. The future of the Japanese music industry lies in continued growth of digital music sales and mobile music.