The forecasted business enterprise expenditure on R&D in high and medium-high R&D intensive industries in Japan is expected to see a steady 0.5% year-on-year growth from 2024 through 2028. In 2023, this expenditure was equivalent to 1.94% of GDP. The five-year CAGR from 2024 to 2028 suggests a consistent, albeit modest, increase in R&D investment intensity.
Future trends to watch for include shifts in government policies affecting R&D, advancements in technology that may require more significant investments, and emerging industries that could influence R&D distribution and priorities. Keeping an eye on these factors will be crucial for understanding long-term R&D trends in Japan.
