TOKYO — Japanese voters head to the polls for a general election on Sunday, and while political matters generally have little direct impact on consumers here, the power grab is coming at an especially delicate time for the world’s third-largest economy after the U.S. and China.
Japan’s economy has officially slipped into a recession, or two consecutive quarters of negative gross domestic product growth. Earlier this week, the country’s Cabinet Office revised its second-quarter GDP figures downward to reflect a drop. Third-quarter GDP slid 3.5 percent in annualized terms. Consumer spending is already waning and a consumption tax hike is on the horizon. Japan’s exports are taking a hit amid ongoing political tensions with China, its largest trading partner.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"