Winter bonuses in Japan set to rise for third year in row

TOKYO, Nov 21 (News On Japan) - Private companies are expected to exceed last year's winter bonuses for the third consecutive year, according to four private research firms, with an average payout per person rising between 2.1% to 2.5%.

While lower than last year's 3.2% increase reported by the Ministry of Health, Labour and Welfare, it still marks a third consecutive year of positive bonus payments.

Mizuho Research & Technologies attributes the increase to factors such as the historically weak yen boosting the manufacturing industry and the recovery of inbound demand benefiting the non-manufacturing sector, thereby improving corporate earnings.

The increase is also linked to widespread wage hikes among companies, influenced by labor shortages and this year's spring wage negotiations.

Nov 21 (TBS NEWS) - 民間企業の今年の冬のボーナスは、3年連続で前の年を上回る見通しだという予測がまとまりました。  ...continue reading