In 2023, Japan's government expenditure on R&D was $109.96 million USD PPP, constant. The forecast for 2024 to 2028 indicates a gradual increase in R&D spending, with a year-on-year growth rate averaging around 0.4% over this period. Specifically, from 2024 to 2025, there is a projected increase of 0.44%, followed by 0.41% from 2025 to 2026, 0.40% from 2026 to 2027, and finally 0.38% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the 5-year forecast period is approximately 0.42%.

Future trends to watch for:

Potential increases in government-funded R&D as Japan aims to bolster technological advancements and address global challenges.
Shifts in focus towards sustainability and innovation, impacting funding allocation within various R&D sectors.
Effects of any economic or policy changes both domestically and internationally, which could influence government R&D budgets.