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Japan PM to visit Toyota headquarters ahead of election, sources say -Breaking


© Reuters. FILE PHOTO – The Toyota logo can be seen on its booth at the Auto Shanghai Show in Shanghai, China. April 19, 2021. REUTERS/Aly SONG/File photo

TOKYO (Reuters), – Fumio Kishhida, the Japanese Prime Minister, plans to travel to Tokyo Toyota Two people who are familiar with the situation said Motor Corp could have its headquarters by next week. This is in response to his demand for better wages before next month’s elections.

According to people who spoke anonymously, Toyota, Japan’s most important and largest company, suggested a visit to Toyota City in central Japan.

Japan Inc was widely regarded as the bellwether automaker. The union demanded that it receive a full increase in annual salaries and bonuses during labour negotiations earlier in this year.

Toyota representatives declined to comment.

Although the Liberal Democratic Party, Kishida’s main opposition is expected to do well in July 10 elections (which are scheduled for July 10), households continue to feel pressured by rising living costs. Toyota’s unionized workers support the opposition.

Japanese media reported that Kishida wanted to emphasize his call to businesses to improve wages with the visit. For most people in the third largest economy, decades of deflation has meant that wages have barely increased for many years.

According to Asahi, the visit will include a guided tour of a botanical garden.