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Business trends

Japan's machine tool industry strained under red-hot demand

January saw 3rd highest monthly orders on record

Machine tool makers are having trouble keeping pace with an influx of orders.

TOKYO -- Orders at Japan's machine tool makers maintained brisk year-on-year growth in January, though mounting parts shortages indicate the industry could be doing too well for its own good.

The total value of orders during the month grew 48.8% on the year to 154.39 billion yen ($1.44 billion), the Japan Machine Tool Builders' Association said Tuesday. Orders have topped their year-earlier levels for 14 months straight, and have exceeded the boom-or-bust mark of 100 billion yen for 15 months in a row.

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