@AlientoyWorkmachine Right. Japan is not dealing with supply-side or fiscal inflation right now to the degree the US or Europe is, which is good, but they are achieving this against the other major economies by (electronically) printing trillions of yen to prop up the JGB market, because no one wants to buy low yielding debt... which is not good!
I would imagine WH is fairly insulated from most of this, as domestic wages are still largely flat, and the majority of their market share probably (?) stays within the Japanese market. I would imagine most Japanese brands that have overseas retailers are attempting to keep prices pegged to the relative pre-covid counterparties' currencies, and hope that the importing market's customers don't notice the weak yen, wondering why prices are the same as several years ago. It is a good way for WH to bring in extra yen (once converted from dollars) to offset the decline in dollar-denominated terms of their domestic market share.
When we see prices for WH products at the same dollar-denominated values from years past, it is actually much more expensive because of how weak the yen is, but, say cheaper relative to if we priced the clothing in gas, housing, or food in the US.
If we want to understand the cost of goods sold between international markets we need to approach it from the currency pair that best expresses the relationship. In this case, US CPI would be a poor choice, as the dollar has actually risen over the last year in the face of an even faster rising cost of goods. It is confusing - you can have both an inflating basket of goods and a strengthing dollar, but importantly when the inflation of the goods is higher than the relative strength, it expresses itself in real inflation (take the cost of fuel priced in dollars for example). But when the cost of goods inflation in the respective company is lower relative to the strength of the currency pair, it expresses itself in a cheaper or more expensive price, dependent upon if we are pricing it in USD/JPY or JPY/USD. Moral of the story is, any Japanese goods purchased priced in dollars or euros are actually more expensive than in years past, even with a historically higher CPI! That is how weak the Yen is.