Summer Bonuses Hit Nine-Year High at Major Japanese Companies
- Additional compensation rose 1.4 percent to 843,577 yen
- Bonuses have risen four years in row, but growth is slowing
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Summer bonuses continue to grow at major Japanese companies, this year rising 1.4 percent on-year to the highest level since 2007, according to Health Ministry data released Friday.
Bonuses for the 374 companies with available data were on average 843,577 yen ($8,250) this summer, just shy of levels nine years ago when additional compensation was at its highest on record. Services and energy producers both saw more than a 15 percent increase in bonuses, but precision-instruments manufacturers cut theirs by 19 percent on average and steelmakers decreased theirs by 13 percent.