Published on 13 Mar 2024 on Bloomberg via Yahoo Finance
Toyota Agrees to Wage Hikes, Bolsters BOJ Policy Shift View
(Bloomberg) -- Toyota Motor Corp. met its labor union’s demands for increases in salary and bonuses in full for the fourth straight year, in another sign that a sustainable wage-price cycle may be taking hold in Japan’s economy as the central bank considers the timing of a long-awaited interest rate hike.
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