BAPE RACIST?

Bape is known for a lot of things. They have been accused of a lot of things, too.

BITING
BEING RACIST

I am not saying they are racist and I am not disputing it, but I am saying that this is some crazy s-word, if it is true.
The following was found at The Hundreds, which was shown May 3. They note that this is an actual Nigo design from the early 1990's.
Coming across it, I was shocked. I hope it is not an actual design. I HOPE!
You decide.

When found, it was over this caption:

“If you would understand anything, observe its beginning and its development.”
–Aristotle

Do you feel it is racist? Do you think it is true?