Japanese firms announce record winter bonuses.

Winter 2024 bonuses in Japan averaged ¥891,460, a 4.93% increase reflecting the highest pay hikes in 33 years.

Listen up! Major Japanese companies just dropped some serious cash on bonuses for winter 2024, averaging ¥891,460. That’s a record high, the first in five years. Thanks to epic pay hikes from spring wage talks, that’s a snug 4.93% jump from last year.

Here’s the kicker: 18 out of 21 industries saw increases! The machinery industry went wild with a 22.99% rise, and the service sector gained 13.02%. But don’t feel too good for everyone—food, tobacco, and financial workers took hits, with drops of 16.76% and 7.77% respectively. They crunched the numbers from 324 major companies to get all this juicy detail.

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