Japan machine tool orders rise in July on Chinese demand

Exports buoyed by Beijing's subsidies, offsetting weak home market

20240822N machine tool

Demand for machine tools has been strong in China and North America, but has sputtered in Europe and Japan. (Photo by Takuro Hosoda)

TAKURO HOSODA, Nikkei staff writers

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.

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