Disasters in Japan spoil an appetite for luxury
By Liz Alderman | New York Times | Updated: 2011-04-10 07:53
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Japanese account for a large portion of luxury goods' global sales. A Louis Vuitton store in Omotesando, Japan. Kuni Takahashi for The New York Times |
Japanese consumers bought nearly a quarter of the luxury products sold in the world last year, but their priorities have taken on a starkly different cast after the devastating earthquake, tsunami and nuclear disaster.
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