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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)