ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business

R&D budgets in Japan soaring to record-breaking levels

High tech, self-driving vehicles priorities, but trend sweeping most sectors

R&D spending at major Japanese companies is rising at the fastest pace since fiscal 2012.

TOKYO -- After years of corporate savings, Japan Inc. is finally plowing significant amounts of cash into research and development in growth fields where information technology merges with machines.

About 40% of major Japanese corporations are likely to spend their most ever R&D in the current fiscal year in areas that companies have designated as priorities. Spending is set to grow to 12 trillion yen ($107 billion) in fiscal 2017, a 5.7% increase over the year before, at 268 companies with comparable figures, research by Nikkei Inc. shows.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more