Giorgio Armani has recently opened a huge new store near Louis Vuitton over Roppongi Hills with limited edition commemorative items and a lineup of the latest from this fashion icon.

The interior of the new store was deisgned by Armani himself and includes walls of glass, granite floors and a three VIP lounges for those gentleman that need some personal assistance.

The Japanese tuners from ASI have released the ASI Ferrari F430 body kit and announced various other carbon fiber body parts for the Italian supercar.

The ASI Ferrari sports a unique body kit that consists of a new front bumper, aggressive side skirts and a bold rear bumper.

Although the parts were styled to provide similar aerodynamic performance to the components they replace, the ASI pieces weigh 27kg (59 lbs) less.

June is the traditional start of the Japanese rainy season and you can be golden for showers with this solid gold mug that is so appropriate for getting through this Great Recession.

Worth $50,000, the item has been introduced as part of gold manufacturer Ginza Tanaka’s latest collection.

The firm has created the Summer Cool range with items that are believed to relieve the heat during the summer months and the mug features 850g of gold.

“Japan’s trend-chasing office workers and ladies who lunch are giving up Louis Vuitton handbags and Chanel jackets for Zara dresses and Gap jeans, making what was a favourite market for luxury manufacturers into one of their biggest headaches.

The downturn is forcing customers in Japan to scale back purchases of luxury goods, accelerating a long-term shift in consumer attitudes, according to a report by McKinsey.

Japan became the world’s “only mass luxury market” in the 1980s and early 1990s, when Japanese consumers saw ownership of a Louis Vuitton bag or Hermes scarf as a middle-class rite of passage.

French jeweler Mauboussin gave away 5,000 tiny diamonds as part of a promotion in Tokyo on Monday. The tiny diamonds were 0.1 carat diamonds worth about $50.

Mauboussin’s flagship Japan store opened in Ginza, one of the most expensive pieces of real estate in Japan, in February.

But the store had often been empty because its name, though associated with international celebrities, isn’t widely recognized among Japanese.

Louis Vuitton recently opened their new temporary /underground/ store in Tokyo, located in the Seibu department store of Ikebukuro.

The store is completely different in terms of interior than other Vuitton spaces and takes a more raw and industrial approach.

To celebrate the opening, Louis Vuitton invited American rapper Kool Keith for a performance.