Toyota Motor workers in Japan will receive a monthly increase in base pay of 10,700 yen ($96), lower than what unions were requesting, Jiji Press reported on Wednesday.
Prime Minister Shinzo Abe`s administration has been urging Japan Inc to boost pay in an effort to drive the economy and conquer deflation.
But major companies are expected to offer smaller increases this year at annual wage talks on Wednesday amid concerns about the global economy and a looming sales tax hike at home, according to a Reuters survey.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.