Japanese pay

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The Independent Online
Presidents of large Japanese companies take home an average Y34.3m (dollars 280,000) in annual wages and bonuses, according to a new survey.

The Research Institute for Labour Administration in Tokyo said salaries for presidents of established firms averaged a monthly Y2.3m in 1991, close to the Y2.8m annual income of the typical university graduate beginning work in Japan.

In addition, company presidents received an average Y8.7m in bonuses, said the institute, which polled over 100 leading corporations between May and July.

Wage levels for Japanese corporate leaders pale when compared to those of their counterparts in the US.