Amidst persistent high inflation, the living standards and real-wages in Japan have noticeably declined. In response to this economic crisis, the Prime Minister of Japan has released a statement encouraging businesses to raise workers' wages. There is a fear that stagflation will occur if the current conditions continue. Additionally, wages have remained relatively constant over the past decade; so one of the main goals of the Japanese government is to raise wages to prompt economic growth.
See "Japanese government calls on businesses to raise workers' wages in order to combat inflation", Emiko Jozuka, Kathleen Benoza, and Michelle Toh, CNN Business, January 9, 2023