Abenomics Seen Stalling With Toyota Pushback Against Raise

  • Automaker said to tell union even $9-a-month bump is difficult
  • Virtuous cycle `isn't working well,' Tokai Tokyo Research says

To understand what Prime Minister Shinzo Abe is up against in trying to spring Japan from the deflationary trap stunting its economy, consider the pushback by its most prominent industrialist Akio Toyoda at the wage negotiating table this month.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.