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Economy

Japan's cosmetics industry coming off another bumper year

Expensive skincare products and exports to Asia drove growth in 2017

TOKYO -- Japan's cosmetics shipments probably set a new value record for the second straight year in 2017, lifted by high-priced skincare products and growing exports to the rest of Asia.

The tally, including hair care products, likely reached roughly 1.6 trillion yen ($14.7 billion), up 5% from the previous year. The aggressive expansion of production capacity by Japan's leading cosmetics makers suggests that growth will continue this year and beyond.

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