Japan’s Haircut Indicator
Can the length of women’s hair signal where the economy is going? The Nikkei, Japan’s leading business daily, thinks so
by Ian Rowley
Forget hemlines on skirts. When it comes to fashion-oriented predictors of economic performance in Japan, it’s the length of women’s hair that really matters. At least, that’s what the Nikkei, Japan’s leading business daily, would have its readers believe. In a report last month, the paper conjured up stats to show that Japanese women start wearing their hair short when the economy is worsening and let it grow longer when times are getting better.
Drawing on more than 20 years of hairstyle data recorded by Kao (KCRPY), Japan’s biggest consumer products manufacturer, the idea is similar to the long-standing theory that the wearing of shorter skirts is linked to economic prosperity. After all, shorter hemlines were in style in the U.S. during the Roaring Twenties and Swinging Sixties, both periods of rapidly rising prosperity.
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