Aug 06 (Japan Times) - The average summer bonus at major Japanese companies this year dropped 2.17 percent from a year earlier to ¥901,147, a Japan Business Federation survey showed Wednesday.
The average amount fell for the second consecutive year reflecting the global economic slowdown and the novel coronavirus pandemic although it stood above ¥900,000 for three years in a row.
The pandemic’s effects “could be greater for winter bonuses than summer bonuses,” said an official of the biggest Japanese group of employers, known as Keidanren.
Summer bonuses averaged ¥893,015 in the manufacturing industry, down 1.78 percent, and ¥931,919 in the nonmanufacturing sector, down 2.79 percent.
Source: ANNnewsCH
