TOKYO, March 13 (Reuters) – Toyota Motor (7203.T), opens new tab agreed to give factory workers their biggest pay increase in 25 years on Wednesday, heightening expectations that bumper pay raises will give the central bank leeway to make a key policy shift next week.
Toyota, Panasonic (6752.T), opens new tab, Nippon Steel (5401.T), opens new tab and Nissan (7201.T), opens new tab were among some of Japan Inc’s biggest names that agreed to fully meet union demands for pay hikes at annual wage negotiations that wrap on Wednesday.
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