Japan ranks sixth worldwide for the sheer volume of articles on nanotechnology, behind China, the USA, India, the Republic of Korea and Germany. However, industrial investment in nanotechnology dropped from ¥ 155 billion to ¥ 111 billion between 2008 and 2013 as private enterprises cut back on research spending in reaction to the global financial and economic crisis. Many firms moved their R&D and manufacturing centres abroad, in reaction to an overappreciated yen and a shrinking Japanese market. Although university funding for nanotechnology has risen to ¥ 55 billion since 2008, it remains well below industrial levels.
UNESCO, Nanotechnology is a growing research priority, 2016
The total size of the Japanese nanotechnology sector was 29.6 billion euros in 2010 and is projected to grow extensively in the future, reaching 94.4 billion euros by 2020 and should be worth 188.9 billion euros by 2030. In addition, the Japanese government has established platforms for the development of nanotechnology. These include nanotechnology clusters around Japan formed by R&D institutes, Universities and companies involved in the field. The platform consists of 26 Universities and Research Institutes, which can be utilised by domestic and international companies seeking for high quality equipment and staff to perform research and development.
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