In 2023, indirect government support through R&D tax incentives in Japan stood at a notable level. The forecasted data from 2024 to 2028 indicates a steady year-on-year increase. From 2024 to 2025, there is a 0.53% increase, followed by slight increments in the subsequent years, reaching 3.81 of BERD in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 0.40%, reflecting a moderate yet consistent upward trend in indirect support for R&D activities.
Future trends to watch for include:
- Possible policy shifts or enhancements in R&D tax incentives, which could further stimulate innovation.
- Impact of global economic conditions on Japan's ability to sustain or increase tax incentives.
- Technological advancements and sectors experiencing significant growth benefiting the most from such incentives.