Japan’s fashion industry has been on a tear this year, with an estimated 300,000 girls graduating in 2020, up 40 percent on the previous year.
With a total of 1.5 billion yen ($11.2 billion) in sales, the number of girls graduating into the fashion industry is a staggering rise from the last five years, with the number now more than a quarter of the total female population, according to figures from the Japan Fashion Association (JFA).
As the year progresses, the JFA is aiming to see the number rise to around 1.7 million girls in 2020.
This is a huge boost to Japan’s economy as a whole, with around 1 trillion yen ($10.7 billion) worth of merchandise being sold annually.
However, the industry is not just about girls and their fashion, said JFA chief Toshiyuki Ohsumi.
The trend for girls to attend fashion school and participate in the industry also helps Japan’s overall economic development, he said.
Girls also help to sustain the country’s culture, Ohsui said.
The industry is expected to contribute 10 trillion yen in annual revenues by 2020, according the JFSA.
By 2020, the total number of new businesses that opened will be about 8,000.
More than two-thirds of all the companies are already operating, the agency said.