Report: Electricity crisis in Japan driving R&D
6 August 2011
The Nikkei reports that corporate R&D spending in Japan is set to rise at a faster pace in fiscal 2011, and that the details of a Nikkei survey suggest that Japan’s post-Fukushima electricity crisis is sparking innovation.
Planned R&D spending at 240 major companies has climbed 6.1% from last fiscal year to 10.09 trillion yen, with a notable focus on energy-related fields. That tops both last fiscal year’s spending growth of 5% and the current fiscal year’s projected sales growth of 3.1%.
About three out of 10 firms, including Honda Motor Co., Nissan Motor Co. and Mitsubishi Electric Corp., are boosting their R&D budgets by double digits. R&D expenditures have returned to levels last seen before fiscal 2009, when they suffered the first setback in a decade.
Asked what research themes they plan to focus on, with multiple responses allowed, 52.6% of firms said conserving energy and 41.9% picked new energy sources, topping those citing new materials (32.5%), nanotechnology (28.2%) and semiconductors (11.7%).
More than 60% of the companies surveyed said the March 11 earthquake has affected their R&D activity. Of these, 65% said they will speed up research into alternatives to nuclear energy.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Report: Electricity crisis in Japan driving R&D: