In 2024, Japan's Business Enterprise Expenditure on R&D is forecasted to grow at 1.14%, consistent with the previous year. The growth rate remains stable at 1.14% in 2025, then slightly declines to 1.13% in 2026 and 2027, before further decreasing to 1.12% in 2028. This forecast suggests a steady but gradually slowing growth trend over the next five years, with a minor decrease indicating a possible plateauing of investment levels.
Future trends to watch for include:
- The impact of technology and digital transformation on R&D spending.
- Changes in government innovation policies and incentives.
- Emergence of new industries influencing R&D priorities.
- Global economic factors affecting corporate investment capacity in Japan.
