Summer bonuses at major Japanese companies are up by an average of 4.99% this year, the sharpest increase since 1991, according to the results of a survey by Keidanren (Japan Business Federation).
The survey of 240 major companies showed that the average summer bonus is 809,502 yen, the Nikkei Shimbun reported. The last time bonuses increased by this much was just before the bubble economy burst in 1991.
Keidanren attributed the increase this year to strong earnings by export-driven companies and the weakening yen, the Nikkei said.
The highest average summer bonus was 910,286 yen in 2007.© Japan Today