Japanese machine orders have declined for 10 consecutive months

Foreign media: Japanese machine orders have declined for 10 consecutive months. Date: 2023-11-16 Source: China News Economy and Geography 0 China News Economy and Geography reported on November 14th that the preliminary value of machine tool orders in October announced by the Japan Machine Tool Builders' Association on November 13th was 112 billion yen, a decrease of 21% compared to the same month last year. The order amount has declined year-on-year for 10 consecutive months. The report shows that in 2022, domestic demand for semiconductor manufacturing equipment and automobile-related industries in Japan remained strong, with a high base, which caused a decline this year. The report mentioned that in the overall order amount, domestic demand was 33.6 billion yen, a decrease of 25% year-on-year. The person in charge of Makino Milling Machine Co., Ltd. analyzed, "Due to the high level of orders for semiconductor manufacturing equipment in October of the previous year, there is a significant decline this year." The person in charge of Okuma stated, "If the demand for semiconductor manufacturing equipment recovers, it will create a trend of equipment investment, but it will still take some time." Foreign demand was 78.3 billion yen, a decrease of 19% year-on-year. Tsugami's executive pointed out, "Global orders are still in an adjustment phase." It was previously believed that investment in pure electric vehicles (EVs), aircraft, and the medical field remained strong in North America.