Japan's machine tool industry shows signs of improvement

Japan is one of the representative countries for precision machining and manufacturing equipment in the world, and has always occupied a large market share in the field of machine tools and other equipment worldwide. However, due to the recession of the domestic manufacturing economy in recent years, the processing equipment market has also been affected. The development of the machine tool industry has been hindered to a certain extent, but from the data released, it has improved. Machine tools are known as the mother of modern industry. They are mainly used in the field of industrial processing, such as parts manufacturing and production. Among the major exports of global machine tools, Japan and Germany have always been the representatives of precision products. However, Japan's economic downturn in the domestic manufacturing industry in recent years has seriously affected the growth of its machine tool industry. In the first half of 2013, Japanese machine tool orders totaled 517.26 billion yen, down 18.7% year-on-year. Among them, domestic machine tool orders were 173.41 billion yen, down 13.1% year-on-year; foreign orders were 343.84 billion yen, down 21.3% year-on-year, of which CNC machine tool orders were 339.61 billion yen. Order sales were 536.01 billion yen, of which CNC machine tools were 522.00 billion yen, down 19.9% u200bu200band 19.8% year-on-year respectively; hand-held orders were 524.94 billion yen, and CNC machine tools were 500.89 billion yen, down 15.6% and 15.7% year-on-year. As the saying goes, the Japanese machine tool industry is far from 'broken'. According to the latest statistics, the country's machine tool industry has now improved. In October 2013, the order value of the eight major Japanese machine tool companies was 39.387 billion yen, an increase of 23.2% year-on-year, and increased for two consecutive months. The eight machine tool companies are DMG Mori Seiki, OKUMA, Makino, Osaka Kiko OKK, Toshiba Machine, Tsugami JTEKT, Toyota Kiko and Mitsubishi Heavy Industries. Recently, domestic demand in Japan has grown strongly, and external demand in Europe and North America has also continued to be strong. According to statistics, in October, the domestic demand of the eight machine tool companies was 15.975 billion yen, a year-on-year increase of 39.8%, and it has increased for three consecutive months. The effect of government subsidies is obvious. External demand was 23.412 billion yen, a year-on-year increase of 13.9%, increasing for two consecutive months.