New Market Report: Bags and Luggage in Japan
The growth rate in bags and luggage in 2013 was 1% in current value terms. Bags and luggage from valuable luxury brands benefited from increasing consumer confidence in the economic prospects and rising stock prices. Bags and luggage saw an increase in the average unit price in 2013. The Japanese yen started becoming weaker after Mr Abe returned to become the Japanese Prime Minister at the end of 2012. Due to the weakening yen, international luxury brands increased the unit...
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