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.
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)
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