Interesting Japanese companies are paying a lot. It’s good news. Same as you I only ever deal in raw however I had 2 occasions when shooting fashion shows and events where a client asked for a few images to publish immediately so shot raw + jpeg. I shoot beauty industry, models & products in London.

Twoyears ago a Japanese calendar company paid $3,000 for a single month page of flowers in front of my window... that, times 12 was an expensive calendar! And this month a local traffic sign sold for $175 for an e-book in Japan. But many licenses are now for poor money 'cos of micro-stock agencies.