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Japanese watch companies bide their time for comebacks
At Citizen Watch Co.’s flagship store in Tokyo’s trendy Ginza district, it's high time that the company's products finally carry the cache of its pricier brethren. The store manager sounded giddy in touting the new high-end Citizen men’s wristwatch released last autumn. “It is powered by light and is accurate to plus or minus of only 1 second per year,” said Yasuji Kodaira, head of Citizen Flagship Store Tokyo. “The model is priced at 800,000 yen ($7,480) per piece, but it is so much sought after that when we initially put it on sale, we had to ask our customers to wait several months for delivery.” ... (full story)