Toyota Record Profit Won't Bury Ghost That Haunts Japan's Wages www.bloomberg.com

posted by  banzaitokyo | 7 years, 2 months ago

Toyota’s retained earnings have risen 53 percent in the past five years, but it’s been cautious about pay raises, and its influence on wages in Japan is huge. In the spring negotiations now underway, the big manufacturers and their unions, led by the automaker, set the tone that ripples through the whole economy.