Summer bonuses at major Japan firms top 1 million yen for first time

The weighted average summer bonus at major Japanese firms rose 1.88 percent from a year earlier to 1,008,706 yen, topping 1 million yen for the first time.

The increase reflects robust corporate earnings and base salary hikes.

The result is based on data linked to Keidanren and was released on July 2 2026.

The level indicates strength in wage trends.

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Smaller firms in Japan raised wages by 4.29 percent in fiscal 2026, up from 4.03 percent the previous year.

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Japanese listed firms posted record net profits for the year ended March 2025. The figure marked a fifth straight year of highs, driven by strong results from semiconductor and data center companies.

The U.S. added just 57,000 nonfarm payrolls in June, well below forecasts, as the labor market cooled markedly.

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