Japan automaker unions' pay demands

Japan's automaker labour unions are reducing their demands for pay rises for the next fiscal year from amounts sought the previous year, a move that could hamper the Abe government's efforts to stoke demand and defeat deflation. The labour union of auto giant Toyota Motor, which sets the tone for annual wage talks across Japan, is seeking a ¥3,000 ($26.31) increase in monthly base pay, half of what was sought last year