Vuitton to Tiffany Seen Pressured in Japan by Weaker Yen

Vuitton to Tiffany Seen Pressured in Japan by Weaker Yen

Kiyoshi Ota/Bloomberg

A pedestrian walks past an Emporio Armani store, operated by Giorgio Armani SpA, in the Omotesando district of Tokyo. Japan’s economy has been mired in deflation for the last 15 years, prompting luxury goods makers to divert their attention to emerging markets offering rapid growth, such as China.