Toyota plans to pay higher prices for parts produced in Japan to help suppliers increase wages.

Toyota Motor announced on Friday that it plans to raise the prices paid for domestically produced components in Japan to enable suppliers to increase wages, thus helping Toyota maintain a stable supply base. Earlier, the Japanese government expressed a desire to see small businesses join large companies in this year's annual wage negotiations, calling for significant pay raises. Toyota's network of domestic parts suppliers has expanded to about 0.06 million companies, and its position in the annual negotiations is viewed as a barometer for Japanese companies. A spokesperson for Toyota stated that the magnitude of the price increase for parts will depend on specific circumstances.

Global market reportFeb 28 03:00 ET

The Nikkei average fell by 1,100 yen, a significant decline, marking the largest drop of the year and the biggest in five months as of the afternoon of the 28th.

On the 28th, the Nikkei average stock price in the afternoon session fell significantly by 1,100.67 yen from the previous day, closing at 37,155.50 yen. In terms of closing price, this drop exceeds the decline on the 3rd (1,052.40 yen) and marks the largest drop this year, the biggest since September 30 of last year (1,910.01 yen), making it the largest drop in five months. The TOPIX (Tokyo Stock Price Index) also dropped significantly by 54.16 points to 2,682.09 points. On the 27th local time, NVIDIA's stock price plummeted in the U.S. stock market. The SOX (Philadelphia Semiconductor Index) dropped.

Kabushiki ShimbunFeb 28 01:51 ET

The Nikkei average fell significantly, down about 1000 yen, trading in the lower price range after a lead in selling = 28 days prior to the market opening.

On the morning of the 28th, the Nikkei average Stocks price fell significantly, standing around 37,250 yen, which is about 1,000 yen lower than the previous day. At 9:49 AM, it reached 37,239.03 yen, down 1,017.14 yen. In the U.S. stock market on the 27th local time, the stock price of NVIDIA plummeted. The SOX (Philadelphia Semiconductors Index), which is affected by semiconductor-related stocks, also dropped significantly, and concerns over Trump's tariffs led to early Sell-off in Japanese stocks. Furthermore, the overlapping of the weekend and the end of the month continued to impact the market.

Kabushiki ShimbunFeb 27 20:04 ET

Mitsubishi Electric Corp. Unsponsored ADR, Dai Nippon etc. [List of stock materials from the newspaper]

*Mitsubishi Electric Corp. Unsponsored ADR <6503> launches a new series of PLC units, developed for the first time in 10 years, with processing speeds dozens of times faster (Nikkan Kogyo, Page 1) – ○*Osaka Gas <9532> aims to decarbonize city gas by up to 40% by 2040 (Nikkan Kogyo, Page 3) – ○*Dainikko <6635> to demonstrate rapid EV charging with solar power at its headquarters factory next month (Nikkan Kogyo, Page 5) – ○*Nippon Electric Glass <5333> acquires German company for 43.2 billion yen, expanding sub-nano membrane (Nikkan Kogyo, Page 5) – ○*Itochu <8001> to sell all fodder additives from the Sumika and Ehime factory.

Fisco JapanFeb 27 18:39 ET

Toyota Motor January Sales Rise, Production Increases

MT NewswiresFeb 27 14:20 ET

Toyota's Domestic Sales Rebound as It Recovers From Scandals

The Edge MarketsFeb 27 02:48 ET