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[ 2009-12-21 13:10:00 | By: bcde625 ] |
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“I’m looking forward to LOUIS VUITTON HANDBAGS doing a lot of shopping overseas,” said Ueda, holding a clutch of resort brochures after leaving a travel agent in the Shinjuku shopping district yesterday. “We decided to travel abroad when the yen strengthened,chanel sunglasses, after first thinking about just going somewhere in Japan.”
The stronger yen, which cuts the cost of imported goods, is one of the bright spots for Japan retailers as job losses and wage cuts chill consumer spending. Seven & I Holdings Co., the TIFFANY JEWELRY country’s biggest retailer, and travel agency H.I.S. Co. are among companies with “endaka,” or soaring yen, promotions, aiming to stem the nation’s 14 straight months of slumping retail sales.
“They’re doing everything they can do to attract customers in a very tough market,boston bruins jersey,” Ichiro Takamatsu, chief executive officer at Japanese hedge-fund ED HARDY CLOTHING advisory Alphex Investments Co. , said in Tokyo. “Lower prices may give some short-term relief.”
The yen has gained 11 percent in the past six months, reaching 84.83 per dollar on Nov. 27, the highest since July 1995.
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