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Winter bonuses see 1st drop in 5 yrs

Jiji Press TOKYO (Jiji Press) — The average winter bonus for unionized workers at major Japanese companies fell 1.19 percent from a year before, its first drop in five years, the Japan Business Federation, or Keidanren, said Monday.

The drop came after labor unions lowered bonus demands and prioritized pay scale hikes, the business lobby’s Labor Policy Bureau said.

The average came to ¥916,396, according to Keidanren’s first-round survey that covered 74 member companies.

Despite the decline, the average winter bonus exceeded ¥900,000 for the third year in a row, the longest streak in a first-round survey since the data began being collected in 1959.Speech

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