Firms' winter bonus payments face biggest fall since 2009: Nikkei

Now you get worse situation in view of figures and activity would get better ?

My winter bonus was deleted.

No extra pay this year!

I probably will send all my bills to China. They should pay it!

Winter bonus payments by Japanese companies for 2020 are set to fall 8.55% from a year earlier, the biggest drop since the global financial crisis in 2009, a survey by Nikkei newspaper showed on Wednesday.

Now show the contrast between the executive bonuses and shareholder dividends and gains versus the bonuses of the rank and file.

The drop would exceed the 5.37% decline in summer bonus payments, according to the Nikkei, showing how the strain on corporate profits from the coronavirus pandemic is spreading to households.

Is that what it is really showing? It is a well documented fact that rising corporate profits over the past 30 years have been coupled with stagnant wages. The pandemic is an excuse for more profiteering and inequality.

This country relies too much on the Seasonal bonus system. Raise basic wages or introduce performance based bonuses.

A bonus is what it says on the tin. A company doesn't have to pay out one.

I always assume I will get no bonus in summer, and none in winter. It doesn't even factor into my finances. That way, if I do get something, it's a nice surprise, and goes straight into the NISA; and if I don't get anything, I'm not disappointed and not out of pocket from banking on receiving it.

And when Japan's corporations were raking in the highest profits in history, they were extremely reluctant to give raises, preferring instead to hoard their massive cash piles and practice wage suppression.

This is now neo-liberalism and neo-classical ("free market") economics works: the billionaires always get the upper hand, 99% of everyone else gets sc***ed.

This opens the door for communist-run China to eventually dominate the global economy.

But Kawai, Anri, Abe, and all the other incompetents and crooks will get their bonuses.

Worst possible timing, during a pandemic!

But Kawai, Anri, Abe, and all the other incompetents and crooks will get their bonuses.

Irrelevant and unwarranted. This story is about private-sector wages, not public sector ones. The bonus cuts were decided in corporate boardrooms, not govt offices.

Why do people in Japan so often shy away from criticizing corporations?

Japanese companies typically pay bonuses in the summer and winter, which tend to fluctuate more than base salaries as they reflect changes in profits and the health of the economy.

Deserving mention is that 40 percent of the work force are part time, temp and contract workers without any bonus.

The Government should make up the difference between last years bonus amounts and this years, from the 7: trillion which afterall comes from the same people entitled to bonusses.

I don’t get any, have my own companies, I only get more and more taxes, the only sector in which japan government is creative

The Nikkei is up but there is less and less for the workers?

The 1% will be celebrating though...