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Business trends

Major Japanese companies set for R&D spending binge

Total outlays for the current fiscal year headed for a record 12 trillion yen

Toyota President Akio Toyoda promotes Toyota's latest developments in autonomous driving at the Consumer Electronics Show in Las Vegas in January.   © Reuters

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.

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