Japan's machine tool orders in the first half of 2011 increased by over 50% year-on-year

According to the latest data released by the Japan Machine Tool Industry Association, in the first half of 2011 (January to June), Japan's machine tool orders totaled 674.092 billion yen, an increase of 52.9% compared with the same period of the previous year. China Aoli Machine Tool Network believes that it is mainly due to the economic recovery after the financial crisis and the growing demand in emerging market countries. The Japan Machine Tool Industry Association estimated at the beginning of the year that Japan's machine tool orders in 2011 are expected to exceed 1 trillion yen. From the data released this time, it is close to 700 billion yen in the first half of the year. Therefore, achieving this goal is only a matter of time issue. Statistics show that in the first half of 2011, Japan's external machine tool orders were 466.12 billion yen, a year-on-year increase of 52.2%; domestic machine tool orders were 207.972 billion yen, an increase of 54.4%. Domestic demand and external demand orders both increased by more than 50% year-on-year, but the industrial situation of Japanese machine tools mainly relying on external demand has not changed. Statistics show that in June 2011, Japan's machine tool orders amounted to 128.373 billion yen, a year-on-year increase of 53.3%, showing positive growth for the 19th consecutive month. Among them, domestic machine tool orders were 41.692 billion yen, a year-on-year increase of 42.6%; external orders were 86.681 billion yen, a year-on-year increase of 59.0%. According to the Japan Machine Tool Industry Association, orders for machine tools for automobiles and construction machinery in Japan continue to grow, while the demand for automotive machine tools in China and other Asian regions is still increasing.