TOKYO: In ageing Japan, retailers are waking up to a hot new demographic: foreign visitors.
Driven by government tourism promotions and lately a weaker yen, the number of inbound travelers has quietly doubled in the past decade to top 10 million for the first time last year. In 2013, they spent US$14bil on everything from powdered green tea to Prada handbags, to rare, red-coral rings.
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