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Japan's total expenditure on R&D during fiscal year (FY) 2008 stood at 18,800 billion yen, very small decrease of 0.7% compared to 18,944 billion yen during the previous fiscal year FY2007. As per OECD report, expenditure on R&D as a percentage of GDP was 3.44 percent during 2007, second highest among APEC economies after Korea. R&D expenditure data from Statistics Bureau of Japan and OECD is presented below:
| Source | National R&D Survey | OECD |
|---|---|---|
| Year | FY2008 | Year: 2007 |
| Units | million Yen | million PPP USD |
| Gross Domestic Expenditure on R&D | 18,800,063 | 147,800.8 |
| R&D Expenditure by spending sector: | ||
| Business/Industry | 13,634,478 | 115,136.8 |
| Government | 1,447,364 | 11,528.5 |
| Higher Education | 3,444,992 | 18,622.9 |
| Private &/or non-profit/FFRDCs | 273,229 | 2,512.6 |
| Others | ||
| R&D Expenditure by source of funds | ||
| Business/Industry | 15,387,924 | 114,841.2 |
| Government | 3,345,560 | 23,056.9 |
| Higher Education | ||
| Foreign | 66,579 | 443.4 |
| Other sectors (e.g. Public Research Institutes) | ||
| Others | 9,311.5 |