TOKYO -- On a chilly January afternoon in Yokohama, a 25-year-old IT company employee said what much of Japan is thinking: "I'm not expecting my salary and the economy to improve much."

Japan's frugal spending habits pose a challenge for Prime Minister Shinzo Abe, after years of Abenomics and despite the upcoming Tokyo Olympics. (Nikkei montage/Source photos by Getty Images)
Tax hike reaction in Japan reveals deep unease ahead of coronavirus impact