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Economy

Japan's optimistic millennials shed frugal habits and lift spending

Labor crunch and Abenomics change image of Asia's formerly-thriftiest cohort

Japanese women wearing kimonos take a 'selfie' after their Coming of Age Day celebration ceremony at an amusement park in Tokyo.    © Reuters

TOKYO -- For Japan's young people, among Asia's most cautious consumers for some years now, the pessimism that weighed on their spending is lifting in places as the country experiences its longest run of economic growth in decades.

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