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Business trends

Japan machine tool orders rise in July on Chinese demand

Exports buoyed by Beijing's subsidies, offsetting weak home market

Demand for machine tools has been strong in China and North America, but has sputtered in Europe and Japan. (Photo by Takuro Hosoda)

TOKYO -- Orders received by Japanese machine tool producers increased 8% on the year in July to 123.9 billion yen ($850 million), an industry group said Thursday, driven by demand in China and the U.S.

The figure grew year-on-year for the third month in a row, according to data published by the Japan Machine Tool Builders' Association (JMTBA).

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