P.M. BRIEFING : Japanese Worker Bonus Up 7.1%
The average Japanese worker received a summer bonus of $3,859 this year, up 7.1% from a year earlier and the biggest year-to-year-increase in 13 years, the Labor Ministry said today.
The ministry attributed the increase to Japan’s economic boom. It was the biggest increase since an 8% rise in 1977.
Japanese companies pay bonuses twice a year. Summer bonuses at companies employing 30 or more workers in 1989 averaged $3,663, up 6.9% from 1988, and winter bonuses averaged $4,331, up 6.5%. Summer bonuses at construction companies rose a record 14% this year to $4,011.
The average monthly wage at Japanese companies with more than 30 workers was $2,034 in 1989, up 3.7%.
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