Business | Nov 21

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.

Source: TBS NEWS

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