Japan Machine Tool Orders

Japan’s machine tool orders dropped 8.5% year-on-year to JPY 135,647 million in March 2024, accelerating from an 8% fall in the previous month, data from the Japan Machine Tool Builders’ Association showed. Domestic demand decreased 14.7% from a year earlier to JPY 49,249 million, while foreign demand declined 5.4% to JPY 86,398 million. On a monthly basis, machine tool orders expanded 18.8%, while it was lower by 14.8% on a year-to-date basis.