Many of Japan's biggest companies from tech conglomerates to Toyota have met union demands for substantial wage hikes for a third consecutive year, seeking to help workers cope with inflation and retain staff amid labour shortages.

Many major Japanese companies, including Toyota Motor Corp., on Wednesday fully met the wage hike demands of their labor unions, whic

Many major Japanese companies, including Toyota Motor Corp, on Wednesday fully met wage hike demands by their labor unions, which have been calling for raises outpacing surging prices amid chronic labor shortages.

Large companies including auto giant Toyota Motor concluded annual spring wage talks, with many saying they will fully meet unions’ salary demands.

TOKYO, - Many of Japan's biggest companies are expected to offer substantial wage hikes for a third consecutive year when they conclude talks with unions on Wednesday, seeking to help workers cope with inflation and retain staff amid labour shortages.