The first folding umbrellas appeared in Japan around the year 1550 (before that, the only defense against rain were straw hats and capes) and they were initially luxury items. Later during the Edo period wagasa became more accessible and people started using it not only for protection against rain or sun but also as a fashion accessory. Many ukiyo-e and vintage photos from Japan show women dressed in kimono assorted with matching wagasa.
Actually, wagasa is so popular in the Japanese tradition that it has its own... spirit. This is Tsukumogami, a kind of Japanese spirit said to appear from an object after 100 years, when... it becomes alive. The spirit of wagasa is called Karakasa Obake, umbrella ghost, a monster looking like a folded wagasa, with a single eye and a single foot wearing a geta.
The western type of umbrella was brought to Japan during the Meiji period and, over time, completely replaced the wagasa, because of the higher resistance and much lower costs.
However, there are still several workshops producing wagasa in Gifu, Kyoto, Ishikawa, Tottori and Tokushima and wagasa is still used in traditional activities like tea ceremony, kabuki theater, Japanese dances or festivals.
It is also a a great collector's item and an excellent souvenir from Japan:
EXIF info:
Nikon D80
Lens: VR 18-55mm F/3.5-5.6G
Focal Length: 24mm
Aperture: F/5.6
Shutter Speed: 1/15s
ISO Sensitivity: ISO 400