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TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida is planning to go to Toyota Motor (NYSE:) Corp’s headquarters as early as subsequent week, two individuals accustomed to the matter mentioned, highlighting his push for increased wages forward of subsequent month’s higher home elections.
Toyota, Japan’s largest and most respected firm, proposed the go to to Toyota metropolis in central Japan, in response to the individuals, who spoke on situation of anonymity.
The automaker, broadly seen as a bellwether for Japan Inc, agreed to totally meet its union’s demand for annual wage and bonus hikes throughout annual labour talks earlier this 12 months.
A Toyota spokesperson declined to touch upon the go to.
Kishida’s ruling Liberal Democratic Occasion is seen doing effectively within the election, which is predicted on July 10, though households are beneath strain from rising prices. Toyota’s unionised employees are seen as supportive of the opposition.
With the go to, Kishida needs to stress his attraction to firms to boost wages, Japanese media mentioned. Many years of deflation have meant that for many employees on this planet’s third-largest economic system pay has barely budged for years.
The go to will embrace a tour of a plant, the Asahi newspaper reported.
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