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.
