Japan’s Beauty Exports Fell 38%. Here’s What It Actually Means
Japan beauty exports peaked at 683.9 billion yen in 2021 and fell to 422.9 billion yen by 2024 – a 38% decline in three years, while South Korea hit a record $11.4 billion and France grew 6.3% over the same period. The collapse is real and documented. What it means, however, depends on which Japanese…