Economic slowdown or not, Japan’s style-conscious consumers evidently cannot get enough of Europe’s designer-brand luxury bags, apparel and footwear.

A story carried in the Wall Street Journal last week reported that Japanese shoppers now account for a massive 40% of all sales of high quality leather goods world-wide, and that the retail outlets of Gucci, LVMH are an essential part of the itinerary of most Japanese tourists visiting Europe.

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