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Japan Asks Why More Yen Don't Yield More Products

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Science  17 May 2002:
Vol. 296, Issue 5571, pp. 1230-1231
DOI: 10.1126/science.296.5571.1230

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TOKYO-- The importance of research is an article of faith within Japanese industry and government. But recent news is straining that belief in the power of R&D. Government officials are puzzling over an equation that shows a simultaneous rise in research spending and a decline in global competitiveness.