print PRINT

ECONOMY

Gov’t calls for investing 30 trillion yen in R&D for next five years from FY21

  • January 20, 2021
  • , Nikkei , p. 2
  • JMH Translation

On Jan. 19, the government drafted a basic outline on science and technology and innovation at its meeting of the Integrated Innovation Strategy. It calls for investing 30 trillion yen in R&D over the next five years from fiscal 2021. This will be an increase of 4 trillion from the amount invested in the five years through fiscal 2020. The basic outline will promote technological innovations for decarbonization.

 

The government aims to achieve a combined investment worth 120 trillion yen from the public and private sectors. It will also focus on fostering young researchers. The amount of R&D investment in the five years through fiscal 2020 stood at 1% of nominal gross domestic product. The government will increase this ratio over the next five years.

 

The basic outline will be approved during the current fiscal year. It is reviewed every five years. This will become the sixth outline. (Abridged)

  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan