Same, I live in Japan so it's the markup + 8% tax. It's nice to have the brand repped so well here (Japanese women LOVE
Loewe) but when I purchased bags in Hong Kong and the US I was floored at the difference in price. It's cheaper than mainland China I believe, so a lot of our stock is bought by tourists - Chanel is a mess of prices here.
Gucci is rather cheap though? (Not making a shady joke about the fashion sense of Gucci XD) I'm heading to Taipei for Golden Week so I'm interested so see how far my yen goes there...