Toyota Motor Corp will scale back domestic production by up to 20% during the months of April, May and June, it said on Friday, to ease the strain on suppliers struggling with shortages of chips and other parts.

(This March 10 story corrects unit in paragraph 3 to 21.9 million tonnes (not 21.9 tonnes))

Oil prices rose on Friday but were on track for their biggest weekly declines since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers.

Oil prices stabilised on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers.

One of Toshiba Corp's largest shareholders on Friday called on it to solicit buy-out offers, joining a chorus of investors that have opposed the Japanese conglomerate's plan to break itself up.

Toyota Motor Corp has told its suppliers it will reduce domestic production by up to 20% from a previous plan for the three months from April, a spokesperson said on Friday.