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Anti-aging products lift Japan cosmetics shares to record highs

Demographics and more working women help makers see 340% market cap jump

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Japanese cosmetics companies are enjoying record stock prices as they attract local consumers with upscale products.   © Reuters

TOKYO -- Increased tourism and an aging society are two of the biggest waves cresting over Japan, and thanks to both the country's cosmetics companies are seeing stock prices buoyed to all-time highs. 

Market attention tends to focus on the rising number of tourists for boosting cosmetics stocks, but local consumers cannot be counted out, especially for upscale products.

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