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June MT orders, remains steady

July 22, 2022

Japan Machine Tool Builders’ Association (JMTBA) announced the firm report of machine tool orders for June 2022. The total amount of orders received was 154.7 billion yen, the 9th highest single month on record, and the first time since 2018 that June orders exceeded 150 billion yen. The breakdown of total orders received was 58.6 billion yen for domestic demand and 96 billion yen for foreign demand. Both domestic and foreign demand remained strong, and this is the 17th consecutive month in which orders exceeded 100 billion yen.

Domestic demand exceeded 55 billion yen for the first time in three months, with the first month-on-month (MoM) increase in three months and the 16th consecutive year-on-year (YoY) increase. While the market remained strong, mainly in the semiconductor-related sector, subsidies also added support to domestic demand in June. In terms of major industries, industrial machinery exceeded 24.0 billion yen for the first time in three months. Motor vehicles exceeded 10 billion yen for the fourth consecutive month, and 10 out of the 11 industries showed MoM increases. Nine of the 11 industries increased YoY.

Foreign demand increased YoY for the 20th consecutive month, but decreased MoM for the first time in two months, falling below 100 billion for the first time in four months. However, the level of orders still remained high. By region, in the three major regions, orders in Europe and North America decreased from the previous month, while those in Asia increased. In Asia, China and the rest of East Asia showed a sustained high level of orders. In Europe, there were cancellations, and in North America, orders declined MoM due to a rebound from large orders in the previous month, but orders in June remained steady.

The amount of orders received in June remained at a high level. At the same time, however, risk factors such as the effects of yen depreciation, inflation, and the trend of interest rate hikes in the U.S. and Europe have been noted, and the impact on capital investment and other future trends need to be closely monitored.

June Summary

Amount (million yen) MoM change (%) YoY change (%)
Total Orders 154,711 100.9 117.1
Domestic total 58,652 118.5 131.3
Industrial Machinery 24,680 123.7 146.3
Motor Vehicles 12,162 106.7 115.1
Electrical & Precision Machinery 8,028 115.0 124.6
Aircraft/Shipbuilding/Transport equipment  1,808 112.8 219.2
Foreign total 96,059 92.5  109.9
Asia 51,605 106.8 119.8
Europe 15,100  73.6 83.2
North America 27,220 82.4 111.3




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

February 2022: High levels of both domestic and foreign demand, generally keeping strong

March 2022: Strong March results despite risk factors

April 2o22: April MT orders, minimal impact from risk factors

May 2022: May MT orders, 3 new records for foreign demand


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