|Title: Japanese business meeting|
"Japan...(number two in the world for R& D investment)..spending an estimated $165 billion....on R&D in 2014. Australia in 12th place, spending an estimated $23 billion...equivalent to 2.3 per cent of GDP"
Source: China powers R&D as Asia leads change
By Tim Dodd
Australian Financial Review
Monday 30th June 2014, page 34