The Japanese music industry is one of the largest and most influential in the world. J-Pop (Japanese pop music) and J-Rock (Japanese rock music) have become global phenomena, with artists like AKB48, Arashi, and Perfume achieving immense success. The industry is dominated by major record labels such as Avex Group, Sony Music Japan, and Universal Music Japan. Japanese music festivals like the Tokyo Music Festival and the Nippon Budokan have also gained international recognition.