- Listed: 07/13/2014 7:28 pm
- Expires: This ad has expired
Summer bonuses surge in Japan, led by manufacturers
Date: Jul 14, 2014
TOKYO — Summer bonuses paid by Japan’s major corporations are rising 8.48% on average from last year, with manufacturers leading the way with double-digit growth, according to a Nikkei Inc. survey.
Payouts across all industries averaged 793,849 yen ($7,754), based on responses from 581 leading companies for which comparisons with the previous year were possible. The increase surpasses the 7% growth marked in 1989 and 1990, at the height of the bubble economy.
The weaker yen and growing overseas operations have helped buoy manufacturers’ earnings, contributing to their 10.94% jump in bonuses this summer. All 17 sectors are handing out bigger bonuses than a year ago. By comparison, payouts shrank in seven sectors last summer.
Steelmakers topped this year’s list with bonuses growing 27.6%. Payouts for the precision machinery sector rose 15.44%, followed by automakers and their parts suppliers at 13.21%. Toyota, which posted a record net profit in fiscal 2013, is shelling out 1.37 million yen.
1815 total views, 1 today
Information about the ad poster
- Listed by: JAPAN PRODUCTS
- Member Since: 11/14/2012
Other items listed by JAPAN PRODUCTS
- Third Annual JSNC Japan-US Innovation Awards Symposium
- Nishikigoi Niigata Direct Co., Ltd. – Nishikigoi Breeder
- Japanese government plan robotics and medical market each $12 billion by 2015
- Kyushkyougu Co., Ltd.
- Yamashita Kogyosho Co., Ltd. – Sheet Metal Processing