Government data was released on Tuesday that shows for the third year in a row, there has been a decline in winter bonuses payed from November 2011 to January 2012. This is an additional sign of declining corporate profits caused by the natural disaster in March 2011 as well as European debt.
This year’s bonuses decreased by 1.9%, averaging approximately 372,000 yen ($4,484). This data comes from Japan’s Health, Labor, and Welfare Ministry. However, worker’s average monthly salaries and overtime pay came to approximately 265,500 yen ($3,200), an increase of 0.7% over last year.
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