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Business trends

Japan's machine tool orders break record in 2017

Producers strike a healthy balance between foreign and domestic demand

Japan's machine tool orders are expected to set a record in 2018 as well.

TOKYO -- Machine tool orders for Japanese producers soared 31.6% in 2017 to 1.64 trillion yen ($14.8 billion), setting a record for the first time in 10 years, on brisk overseas demand and a firm market at home.

That amounts to four times the low of 411.8 billion yen plumbed in 2009, following the global financial crisis. 

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