JAPAN COSMETICS SALES BOOSTED BY TOURIST BOOM
April 1st, 2016
Japan's struggles with an ageing and declining population have been a frequent sources of angst for many sectors of the national economy in recent years, not least the cosmetics and personal care products industry. And while its domestic sales maintained moderate growth in the three years from 2012, there has been concern about the plateau that Japanese consumers would inevitably reach and the decline that would follow. The reason is simple – Japan’s population is now. The reason is simple – Japan’s population is now 126 million. In 2000 it was 126.9 ...
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