Japan is on schedule to double the government's R&D investment by the year 2000, according to a June 13 National Science Foundation Issue Brief.
Japan originally declared in 1992 its intent to double the amount of funding provided for R&D. In line with this goal, the Japanese government approved an R&D budget increase of 12.5% in 1996 and a 6.8% increase in 1997. If this expansion continues, annual government R&D funding will be approximately $18 billion in the year 2000, double the 1992 budget in constant dollars.