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Business trends

Japan's R&D spending hits record for nearly half of companies

But nation still lags US and China in pace of innovation investments

Researchers work at a Takeda Pharmaceutical lab in Fujisawa, near Yokohama. Japan's top drugmaker is one of the country's leading R&D spenders. (Photo courtesy of Takeda) 

TOKYO -- Nearly half of leading Japanese companies have budgeted record amounts for research and development, a Nikkei study finds, as they race against bigger-spending global peers to harness artificial intelligence and other new technologies.

More than 40% of corporations covered by the study reported their biggest R&D budget ever in the current fiscal year.

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