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Chinese Consumers Propel Luxury Sales in Japan Despite Macro Concerns
Chinese consumers are increasingly gravitating towards Japan for exceptional bargains on luxury goods. According to Luxurynsight, Chinese shoppers can save up to 25% through tax refunds when buying in Japan. For example, a Chanel Classic Flap is 10,640 renminbi, or $1,472, cheaper in Japan compared to the Mainland market; a Louis Vuitton carryall is around 4,900 renminbi, or $678, cheaper; the Miu Miu Aventura handbag, similar to The Row Margaux, can be bought at 9,204 renminbi, or $1,273, less, and a Van Cleef & Arpels Alhambra bracelet is 10,303 renminbi, or $1,426, less.