Luxury tourists cause a flood in the Japanese bargain market
©Sophie Keen (2020)
REPORT
3 Jul 2024
Luxury tourists cause a flood in the Japanese bargain market

As luxury giants like LVMH and Kering report stalled or negative sales elsewhere in the world, they’re experiencing up to double-digit growth in Japan. With this continuing boost in tourism, the Japanese government is seeking different ways to spread spending from inbound travellers.

Jonathan Siboni

Jonathan Siboni is the founder and CEO of Luxurynsight, a strategic data partner to many of the world's leading luxury, fashion, and beauty brands, including Louis Vuitton, Hermès, Chanel, Gucci, Dior, Shiseido, Coty, Bulgari, and Hennessy.

Shin Kawamoto

Shin Kawamoto is a Japanese entrepreneur, author, and innovator with a dynamic career and a passion for bridging cultures. His entrepreneurial journey began in 2016 in the Philippines, where he founded his first company to share Japan’s heritage with the English-speaking world. Kawamoto launched AnimeInJapan in 2023, a news and web media website that features the latest in anime and Japanese culture, including news, blogs, merchandise, travel guides, and more.

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Gaby Gloria

Gaby Gloria is a writer and editor from the Philippines with a deep interest in Asian pop culture. You can find some of her work in CNN Philippines Life, VICE Asia, and Teen Vogue.

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