The private non-profit expenditure on R&D in natural sciences and engineering in Japan is forecasted to increase gradually from 2.06 billion USD PPP in 2024 to 2.08 billion USD PPP by 2028. Compared to 2023, when expenditure was 2.05 billion USD PPP, the year-on-year growth is modest. Over the past two years, the increase is only about 0.5% annually, indicating a stable yet slow growth. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be marginal.
Future trends to watch include potential shifts in policy or funding that could invigorate growth rates, as well as technological advancements or collaborations that may drive increased investment. Monitoring global economic conditions and their influence on funding priorities will also be crucial.
