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Entire Japan Inc to be outspent by 5 US tech giants in R&D

Once global leaders in innovation, Japanese companies now hesitant to take risks

As digitization and globalization advance at breakneck speed, Japanese companies are not keeping up with investments in innovation.

TOKYO -- Corporate Japan, once renowned for technological innovation, is not only lagging behind the U.S. in research and development spending but is becoming less eager to take risk and invest in untested fields., Facebook, Apple, Microsoft and Google parent Alphabet alone are set to outspend all Japanese companies combined.

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