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Economy

Japan's machine tool orders fall sharply as China demand wanes

Trade war stokes reluctance to invest in automobile and electronics factories

Japan's total machine tool orders in June fall short of 100 billion yen -- a threshold often regarded as an indicator of a healthy industry -- for the first time in 32 months.

TOKYO -- Chinese orders for Japanese machine tools in June declined 59.7%, to 11.5 billion yen ($106 million), as the U.S.-China trade war has made manufacturers reluctant to invest in facilities.

It was the 16th month in a row for Chinese orders to tumble year-on-year.

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