TOKYO -- Japan's major corporations are headed for a spending binge on research and development in the current fiscal year through March, with 43.9% planning record outlays, according to a survey by Nikkei Inc.
The survey of R&D activities for fiscal 2018, which started in April, showed that total R&D spending by major Japanese companies will rise 4.5% from the previous fiscal year, marking the ninth consecutive year of increase.
