The forecast for higher education expenditure on R&D in Japan from 2024 to 2028 indicates a modest upward trend. In 2023, the actual expenditure stood at 20.87 billion US dollars PPP, constant. The year-on-year growth rate from 2024 through 2028 varies incrementally between approximately 1.1% and 1.2%, illustrating a steady increase. The compound annual growth rate (CAGR) over these five years is expected to be about 1.2%.
Future trends to watch for include potential impacts from demographic changes, such as an aging population, which may shift focus towards research areas like healthcare and technology. Additionally, government policy shifts and international collaborations could further influence funding and priorities.
