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The aging of machine tools and equipment in Japan's domestic enterprises is lagging behind in replacement

by：Gewinn 2022-05-11

Over 45% of Japanese domestic companies' machine tools have a service life of more than 15 years, indicating that Japanese companies are lagging behind in replacing machine tools. The survey shows that the main reason for the slow update of machine tool equipment in Japanese companies is that more than 30% of them believe that 'production demand has declined'. Since the financial crisis, Japanese companies, mainly small and medium-sized enterprises, have not been able to replace their old equipment due to the slump in global demand and their own weak strength. In addition, in the context of the continuous appreciation of the yen, more Japanese companies have chosen to invest overseas. The Ministry of Economy, Trade and Industry of Japan believes that the productivity of enterprises is a key factor in driving Japan's economic recovery, and it should fully support productive activities such as enterprise equipment investment. At the same time, the government's specific support measures will be reflected in the 'growth strategy' released on June 5.

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