Frequent traveler Yang Yang makes extra income by attracting Chinese customers to luxury goods from Japan, and business has surged this year as the yen continues to weaken.
“I mainly sell products from the Japanese vintage market. Now that the exchange rate is favorable, the prices of second-hand luxury goods are also lower, and the number of customers has increased significantly compared to last year.”27 the old man said. He lives in the eastern port city of Qingdao.
They either flock to Japan to travel and shop, or they buy through proxy shopping services provided by online users like Yang. They live in Japan or frequently travel there, and share real-time yen exchange rates and luxury goods prices on the Instagram-style platform “Xiaohongshu.”
The yen exchange rate on Friday was around 153 yen to the dollar, after hitting a 34-year low of 161.956 yen in July.
Louis Vuitton’s official website lists the black leather OnTheGo bag in China for the equivalent of USD 3,075.37, while the same item is listed on the Japanese website for the equivalent of USD 2,727.32, a price difference of USD 348.05. It has become.
