In 2023, the total internal R&D personnel in financial and insurance activities in Japan stood at 840 full-time equivalents. The forecast for 2024 indicates a 8.21% increase to 909. Continuing to 2025, a 9.68% rise brings it to 997, and a further 8.32% growth in 2026 reaches 1080. By 2027, a 8.33% increment projects a total of 1170, and by 2028, a 6.84% increase forecasts a total of 1250. Over the five-year span from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 8.27%.

Future trends to watch for:

Emerging technologies driving new financial products may continue to increase R&D investments.
Regulatory changes could impact personnel needs and innovation spending.
Japan's demographic shifts may affect talent availability in R&D.