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Business trends

Chinese orders dry up for Japan's machine tools

September bookings drop 22% as factories brace for trade war impact

Aichi Prefecture-based Okuma suffered a 30% drop in orders from China in September.

TOKYO -- The trade tension between the U.S. and China is cooling demand for Japanese machine tools in Asia's largest economy, casting shadows over manufacturers' earnings and stock prices.

Japanese machine-tool makers' orders from China fell 22% on the year to 18.9 billion yen ($168 million) in September, the Japan Machine Tool Builders' Association said Tuesday, marking a seventh straight monthly drop. With no signs of demand bottoming out, companies are justifiably concerned.

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