Toyota says it plans to spread wealth to aid Japan revival
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Tokyo
TOYOTA Motor, which analysts estimate will earn more profit this fiscal year than all the other Japanese carmakers combined, could be ready to spread the wealth.
As Toyota raised its fiscal-year profit forecast to a record 2.13 trillion yen (S$24.4 billion), the manufacturing giant said that it may ease up on its usual practice of squeezing suppliers to lower prices of car parts. The idea: leave some gains to companies lower down the supply chain so they have the resources to boost wages.
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