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Chinese demand driving Japanese machine tool orders toward record

Increasing automation, high-tech ambitions fueling purchases of cutting-edge gear

Japanese machine tool maker Tsugami saw orders from overseas customers jump 75% on the year in November.

TOKYO -- Chinese manufacturers' drive to become more efficient is fueling demand for machine tools from Japanese producers, with orders set to reach an all-time high this year.

The Japan Machine Tool Builders' Association on Tuesday said machine tool orders totaled 158.5 billion yen ($1.39 billion) in November, up 46.8% on the year. Orders topped the 150 billion yen mark for the first time ever and set a new one-month record.

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