The economy in Japan is enjoying a recovery.
Same-store sales at retailers, select shops and department stores were up in both December and January, fashion and luxury CEOs in Japan I have spoken with are optimistic, and so is the Japanese consumer.
Further evidence that Japan's economy is improving came in January when *Swiss watch exports to Japan increased 28.5%, behind only the US, Hong Kong, and China.
Will this trend of positive sales continue through 2012 and beyond? Although I do not expect Japan to see large growth in the fashion and luxury sector I do expect positive and stable growth, especially as Japan realizes their rightful place as the globe's first mature luxury market.
What are your thoughts on Japan's overall economic recovery as well as the fashion and luxury sector?
Information *Federation of the Swiss Watch Industry