Winter bonuses at Japanese firms see sharpest increase in 40 yrs

The average winter bonus at large Japanese companies marked the sharpest increase of 8.92 percent from a year earlier to 894,179 yen ($6,800) since the current calculation method was adopted in 1981, the country's most powerful business lobby said Thursday.The Japan Business Federation, known as Keidanren, said the average winter bonus was the third highest, reflecting the recovery from the coronavirus pandemic, but it did not reach the level of the pre-pandemic year of 2019.Of the 18 industries in the survey covering 162 major firms, average bonuses rose in 16 sectors this winter.The avera…READ FULL ARTICLE