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Business

Japan's cosmetics shipments top record

Makeup exports, shopping by tourists underpinned increase

Foreign tourists hunt for cosmetics at a drugstore in Osaka.

TOKYO -- Shipments by Japan's cosmetics makers rose 1.2% to a record 1.52 trillion yen ($13.8 billion) in 2016, aided by rising exports and robust demand from foreign visitors.

The value of shipments climbed for the fifth consecutive year, beating the 1997 record of 1.51 trillion yen. But the growth rate slowed for the second straight year, sliding from a 4.3% gain in 2014 and a 1.3% increase in 2015.

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