• Kyodo

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Japanese companies may raise summer bonuses this year by 1.6 percent from a year earlier to an average ¥364,000, marking the first increase in three years, Mizuho Securities Co. said Wednesday.

The company cited improved business confidence due to the yen’s depreciation and a surging stock market amid growing hopes related to Prime Minister Shinzo Abe’s “Abenomics” economic policies.

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