HomeLatestSummer Bonuses in Japan Surge to 940,000 Yen, Near Record High

Summer Bonuses in Japan Surge to 940,000 Yen, Near Record High

TOKYO, Aug 08 (News On Japan) –
The common summer season bonus for main corporations this yr has exceeded 940,000 yen, marking the second highest degree on file.

Keidanren, the Japan Business Federation, compiled the typical summer season bonus for 156 main corporations with over 500 staff.

As a outcome, the typical bonus elevated by over 38,000 yen from final yr, reaching 941,595 yen per worker. This marks the third consecutive yr of enhance and the second highest determine following 2018.

By business, 16 sectors, together with electrical energy and vehicles, noticed will increase. Conversely, three sectors—chemical compounds, electronics, and freight transport—skilled decreases.

Keidanren analyzed that the unprecedented wage hike in roughly 30 years throughout this yr’s spring labor negotiations was mirrored within the bonuses. Many corporations additionally noticed improved efficiency as a result of yen’s depreciation.

Source: TBS

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