The 'Made in Japan' machine tool industry that has dominated for 27 years is heading for recession

Machine tools are indispensable in the production of automobiles and home appliances. In the 27 years since 1982, Japan's machine tool output has been ranked first in the world, but in 2010 it gave way to China. With Taiwan and South Korea following closely behind, will Japan's machine tool industry continue to decline? 'The prosperity of a country depends on the country's advanced productive forces.' - This is written in 1989 by the MIT Industrial Productivity Survey Committee in 'Made in the United States - How from Gradual Weakness to Rejuvenation' A quote from the beginning of the book. It warns of the declining industrial strength of the U.S. economy by surveying and analyzing the productivity of basic industries in Japan and Europe that are growing strong. The investigation involved 8 industries including automobiles, chemicals, civil aircraft, electronic machinery, machine tools, etc., which led to the conclusion that 'the prosperity of a country...' at the beginning, that is, 'industrial productivity is national strength'. The 'Made in Japan' machine tool that has dominated for 27 years is known as the 'Mother Machine'. The production of automobiles, aircraft manufacturing, railway construction, as well as the production of mobile phones, cameras, clocks, etc., is inseparable from machine tools. A 'machine that makes machines' is such a machine tool. The development of the machine tool industry is closely related to the economic growth rate. In the more than 20 years since then, the industrial strength has shifted from the United States to Japan, and in the future, it will be transferred to China and India. Luo Baihui, chief analyst of Jinmo Machine Tool Network, believes that the development of the machine tool industry is closely related to the economic growth rate. As its symbol, now, in emerging Asian countries represented by China with a population of 1.3 billion and India with a population of 1.1 billion, the demand for machine tools In a straight line, the demand is unusually large. Chinese companies that undertake the production of smartphone and tablet computer parts represented by iPhone and iPad in the form of electronic product manufacturing services (EMS) need processing centers that process more than 2,000 parts at a time. Competition is fierce on the Chinese market for providing low-cost machine tools. In the Asian market, including the Chinese and Indian markets, Japanese and German manufacturers and later Chinese, Taiwanese and Korean manufacturers are engaged in a fierce competition. In the near future, will Japan's machine tool industry follow in the footsteps of the United States and go into recession?