In August, Japan’s overseas orders for machine tools exceeded domestic

According to the preliminary data of machine tool orders recently released by the Japan Machine Tool Industry Association (JMTBA), in August 2010, Japan's machine tool orders amounted to 85.848 billion yen, a slight increase of 2.1% from the previous month and a substantial increase of 170% from the same period of last year. From January to August, Japan's accumulated machine tool orders amounted to 610.893 billion yen, a year-on-year increase of 185.1%.

From the domestic and foreign market analysis, in August, Japan's domestic machine tool orders amounted to 28.58 billion yen, a decrease of 2.3% from the previous quarter and an increase of 123.4% year-on-year; overseas machine tool orders amounted to 57.268 billion yen, an increase of 4.4% from the previous month and an increase of 201.4. %. From January to August, Japan accumulatively booked 192.534 billion yen domestically, an increase of 110.6% year-on-year. Accumulated overseas orders were 418.359 billion yen, a substantial increase of 240.6% year-on-year.

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