TOKYO — This city’s runway shows kick off this weekend against a backdrop of significant political and macroeconomic change for Japan.
Mostnotably, the yen has depreciated considerably since the last round ofshows in October, a development that gives Japanese apparel and textilesa competitive edge in the international marketplace. The yen has shedabout 17 percent of its value since mid-November. That reflects a shiftin monetary policy as newly elected prime minister Shinzo Abe and hiscenter-right party, the Liberal Democratic Party, seek to boost theeconomy by stoking exports and ending years of deflation in the world’sthird-largest economy.
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