The Boosting Effect of Yen Depreciation on Japan’s Luxury Market

Xiaohuang: DOORM, what is the impact of yen depreciation on Japan’s luxury goods and jewelry market?

DOORM: Xiaohuang, yen depreciation has a positive impact on Japan’s luxury goods and jewelry market. Due to the depreciation, the cost for foreign tourists to purchase luxury goods and jewelry in Japan is reduced, attracting more tourists to make high-value purchases. This not only boosts the sales growth of luxury goods and jewelry but also drives the development of related industries. Additionally, yen depreciation makes Japanese luxury goods more competitive in the international market, further increasing market demand.