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Toyota will disclose its decision at the first round of wage negotiations scheduled on Wednesday, the paper said.
As one of the country’s biggest employers, Toyota has long served as a bellwether of the spring labour talks.
The talks are in full swing at major companies. Many are expected to conclude swiftly as the government seeks inflation-beating wage hikes to ease burdens on consumers.
Prime Minister Fumio Kishida has stepped up calls on business leaders to accelerate wage increases, warning of a return to stagflation if pay rises fall short of the rapid increase in prices.
Toyota’s labour union has said that this time it is seeking a base salary increase that would be “the highest level in the past 20 years”. The Asahi said it was also seeking one-off bonus payments worth 6.7 months of wages.
The union is set to hold a media briefing later on Wednesday.
