Toyota to accept full union demand for wage hike for third straight year, Asahi reports By Reuters

© Reuters. FILE PHOTO: Members of the workers’ union of Toyota Motor Corp. raise their fists as they shout slogans during a rally for the annual “shunto” wage negotiations at the company headquarters in Toyota, central Japan, in this photo taken by Kyodo March 7, 20

TOKYO (Reuters) – Toyota Motor (NYSE:) Corp, the world’s biggest automaker, is set to accept the union’s demand in full for a rise in wages and bonus payments for the third consecutive year, the Asahi newspaper reported on Wednesday.

Toyota is set to disclose its decision at the first round of wage negotiations scheduled on Wednesday, the paper said.