Japan Summer Bonuses Reach Record 1.04 Million Yen
The average summer bonus paid by major Japanese companies rose above 1 million yen for the first time, reaching a record 1,042,537 yen as strong corporate earnings and substantial wage increases lifted employee compensation. (News On Japan)
In Japan, the average summer bonus paid by major companies surpassed 1 million yen for the first time, reaching a record 1,042,537 yen. This figure, released by the Japan Business Federation, marked a 7.04% increase from the previous year and represented the highest level since records began in 1981. Major manufacturers saw an average bonus increase of 6.23% to 1,093,629 yen, while nonmanufacturing companies experienced an 8.96% rise to 941,145 yen.
The higher bonuses reflect annual spring wage negotiations, which resulted in pay increases exceeding 5% for the third consecutive year.
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