Lower prices on Louis Vuitton and Dior handbags, RTW, and accessories!

Yeah isn’t that the most amazing news ever – if you live in Japan or have a friend who lives there that is.

WWD recently revealed the news that LV + CD would lower prices in Japan, a key market for luxury goods that has been plagued with a sluggish economy.

Louis Vuitton is expected to reduce prices on average 7 percent, effective this past Saturday, on leather goods, accessories, ready-to-wear, shoes, watches and jewelry.

The company said it revises prices based on a policy “to offer its products at appropriate prices” based on exchange rate fluctuation, manufacturing costs and quality considerations. The yen has been gaining strength against the euro in recent weeks.

And for Dior. The price dropped a couple days ago, averaging 8 percent on ladies’ and men’s bags and small leather goods and shoes.