Summer bonuses decline 1.4%

JIJI

summer bonuses this year fell 1.4 percent from a year before to ¥358,368 on average, down for the second straight year, the Health, Labor and Welfare Ministry said Wednesday.

The fall reflects weak earnings performances among companies hit by the debt crisis in Europe and the March 2011 earthquake and tsunami, according to a ministry official.

Monthly wages paid in September leveled off from a year before at ¥266,196 on average.

Regular wages such as basic salaries were unchanged at ¥243,502.

Nonregular wages, including overtime, dropped 0.8 percent to ¥17,764, the first fall in 13 months.

The decline is attributed to fewer overtime hours among manufacturers due to the yen’s strength and slowing overseas economies.