In 2023, the government expenditure on R&D in industrial production and technology in Japan stood at $1.72 billion US dollars PPP, constant. From the forecasted data spanning 2024 to 2028, there is a slight but steady decline observed in expenditure, beginning at $1.71 billion in 2024 and decreasing to $1.65 billion by 2028.
Key year-on-year changes observed are:
- 2024: -0.58%
- 2025: -1.17%
- 2026: -0.59%
- 2027: -1.19%
- 2028: -0.60%
The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around -0.70%, indicating a gradual reduction in funding.
Future trends to watch include the impact of technological advancement and evolving policies on R&D funding. Potential shifts in government priorities towards green technologies and digital transformation may lead to changes in spending patterns.
