Toyota and Honda companies agree to full wage increases in Japan's spring labor talks

Several major Japanese automakers, including Toyota Industries, Mazda, and Mitsubishi Motors, have agreed in full to union demands for wage increases during the annual spring labor negotiations. Toyota Industries was the first Toyota-affiliated company to settle, agreeing to a monthly raise of 22,000 yen. The agreements come despite headwinds from potential U.S. tariffs, signaling a trend toward early settlements in the automotive sector.