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Japan’s MT orders keep close to 140 billion yen

March 11, 2022

Japan Machine Tool Builders’ Association (JMTBA) announced preliminary machine tool orders for February 2022. The total value of orders increased by 31.6% year-on-year (YoY) to 138.9 billion yen. This was a 2.7% decrease compared to the previous month, the total orders decreased for the first time in two months. However, it remained close to 140 billion yen level. This is the 16th consecutive month of YoY increase and the 13th consecutive month in which the amount has exceeded 100 billion yen.

Domestic demand fell below 50 billion yen for the second consecutive month, but rose 10.6% month-on-month (MoM) to 48.8 billion yen. Demand remained strong, especially for semiconductor-related sectors, and the impact of the spread of Omicron infection is considered as minor.

Foreign demand increased by 20.0% YoY and decreased by 8.7% MoM to 90.1 billion yen, marking the first MoM decrease in two months, but the 16th consecutive month of YoY increase. In January, China picked up, while Europe and the US also remained strong. Conditions in February are expected to keep being strong as well.



Japan MT orders for

October 2021: strong orders from Europe and the U.S.

November 2021:Both domestic and foreign demand remain strong

December 2021: First drop below 140 billion yen in 4 months, but still remains high

2021 summary: Japan’s MT orders in 2021 raise for the first time in 3 years

January 2022: Large orders in foreign demand; total orders exceed 140 billion yen

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