Winter bonuses at major firms rise 9%
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2022/06/2021-06-02T000000Z_1752736597_RC2FSN9XFXRB_RTRMADP_3_JAPAN-ECONOMY-BOJ.jpg)
A Japan yen note is seen in this illustration photo taken June 1, 2017.
7:40 JST, December 24, 2022
TOKYO (Jiji Press) — The average winter bonus at major Japanese companies this year rose 8.92% from a year before to ¥894,179, a survey by the Japan Business Federation showed Thursday, the sharpest growth since the current survey method was adopted in 1981.
The average winter bonus rose for the first time in three years as companies’ financial performances improved due to the reopening of the economy from COVID-19 restrictions.
“Momentum for higher pay is continuing” after monthly wages were raised by over 2% this spring, said an official at the country’s largest employers’ group, known as Keidanren.
The previous sharpest increase was recorded at the height of the country’s asset-driven bubble economy in 1989, when the average winter bonus grew 7.43%.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING