Japanese shoppers are entering their spending era. Not all luxury brands stand to benefit.

"According to Amrita Banta, managing director of luxury insights firm Agility Research & Strategy, luxury stores started admitting customers by appointment only to cope with the melee of tourists flocking to Japan to take advantage of the weakened yen and cheaper prices on high-end products."

"A mix of the strengthened yen due to Japanese government intervention and economic uncertainty abroad appears to have slowed Japan's shopping boom. Still, while the tourist spending may have faded somewhat, experts say Japanese consumers are emerging from a frugal era and spending on luxury themselves."

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