TOKYO -- Orders received by Japanese machine tool producers increased 8% on the year in July to 123.9 billion yen ($850 million), an industry group said Thursday, driven by demand in China and the U.S.
Exports buoyed by Beijing's subsidies, offsetting weak home market

Demand for machine tools has been strong in China and North America, but has sputtered in Europe and Japan. (Photo by Takuro Hosoda)
TOKYO -- Orders received by Japanese machine tool producers increased 8% on the year in July to 123.9 billion yen ($850 million), an industry group said Thursday, driven by demand in China and the U.S.