Japan dividends on track to hit record $136bn despite tariff turmoil

Payouts seen boosting consumer incomes stung by wage stagnation

20250710N Toyota Kentucky plant

Toyota Motor plans to raise its annual dividend by 5 yen this fiscal year even with U.S. tariffs clouding its profit outlook. (Photo obtained by Nikkei)

SHINO KATAYAMA

TOKYO -- Japanese companies are set to raise their dividends to a fifth straight record high this fiscal year, even with trade tensions expected to erode earnings, in a potential boost to consumer spending as inflation drags down real wages.

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