Japan's optimistic millennials shed frugal habits and lift spending

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

20190109 Japan coming of age day

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

SARAH HILTON and AKANE OKUTSU, Nikkei staff writers

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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