The Chairman of Japan's leading business organization, Keidanren, is playing a pioneer role in advocating for wage hikes. Amid growing concerns about the country's stagnated wages and increasing cost of living, the call from Keidanren is seen as a progressive move to boost economic growth and uplift the labor market. The impact of this advocacy from one of the most influential economic entities in Japan is expected to be significant and far-reaching.

In Japan, wages have remained largely unchanged for several years despite increasing corporate profits, a disparity causing concern among the working population. Keidanren's move not only reflects the necessity to address this issue but also echoes the government's ongoing efforts to stimulate the economy. This issue is one that greatly affects the quality of life and stability of the Japanese citizen.

In the US and EU, wage growth is typically associated with economic growth - when the economy performs well, wages tend to rise. However, this relationship hasn't been as evident in Japan, creating a unique challenge that has sparked discussions and initiatives such as those led by Keidanren.