Carmakers cite Abe in bonus pay decisions (03-13-2013)

Major automakers fully accepted their unions’ bonus requests for fiscal 2013 on Wednesday amid growing expectations of earnings recoveries on the back of the yen’s depreciation, while electronics makers told their unions they would maintain regular seniority-based wage increases… Five major domestic automakers — Toyota Motor Corp., Nissan Motor Co., Honda Motor Co., Fuji Heavy Industries Ltd. and Mitsubishi Motors Corp. — fully accepted their unions’ bonus requests while Mitsubishi Heavy Industries Ltd. did so for the first time in 16 years.

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