The forecast for Japan's private non-profit expenditure on R&D shows a consistent decline from 2024 to 2028, with values decreasing progressively each year. In 2023, actual spending demonstrated a step before the projected declines, emphasizing a significant downward trajectory over the forecast period. The year-on-year analysis showcases small yet steady reductions in expenditure, suggesting a sustained negative trend. The compound annual growth rate (CAGR) over the five-year forecast indicates an average annual decrease.

Future trends to watch for include:

Potential policy changes aimed at revitalizing R&D funding in non-profit sectors.
Impact of macroeconomic conditions on further budget allocations.
Advancements in technology, potentially drawing attention and investment back to R&D initiatives.