Absolutely! I agree there must have been a lot of overlap between the two.
As I wasn't familiar with the term I looked up the Aesthetic Movement in the decorative arts. It seems to include a lot of nods to Japanese influences like ebonising furniture and including ginkgo leaf designs.
There's a nice article by the #V_and_A on the period here: https://www.vam.ac.uk/articles/an-introduction-to-the-aesthetic-movement
Hare in snow,
by Allen W. Seaby, Great Britain
ca. 1923
Colour print on paper
Collection notes: Formerly part of the permanent collection of the British Institute of Industrial Art, transferred to the Victoria & Albert Museum on 1 January 1934.