— Latest update: February 2022 —
Japan is the world’s third largest economy and its consumers are renowned for their strong desire for excellent-quality, precision products. There is therefore no surprise that demand for luxury goods has traditionally been high in Japan, stifled only by economic crises. Now, after 20 years of fluctuating trends during Japan’s bubble economy and the subsequent global financial crisis, confidence is finally being restored by the economic and structural reforms undertaken by the current government, and consumer spending is increasing. Find out more about Japan's luxury goods sector below.
— Latest update: March 2022 —
Japan is the third largest market in the world for cosmetics and personal care products. Even though the global pandemic resulted in a significant drop in consumer traffic and inbound tourism, the domestic market continues to grow.
This website and related activities are managed by the EU-Japan Centre for Industrial Cooperation, a joint venture between the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) and the Japanese Government's Ministry of Economy, Trade & Industry (METI).
No less than 300 web pages with up-to-date information on Japan, more than 170 reports available as well as a lot of detailed information on the Japanese business culture.