It is reported that in the first half of 2011, driven by the growing demand in Asia and North America, Japan's machine tool orders have increased significantly. However, due to the continued appreciation of the yen in the foreign exchange market, and the trend of a slowdown in the pace of global economic recovery has become more apparent, so the situation of machine tool orders in the second half of Japan is not optimistic.
According to JMTBA's forecast, the export value of Japanese machine tools in 2011 will reach 900 billion yen, which is more than 863.6 billion yen in 2007, a record high. Japan's domestic machine tool orders are expected to be only 400 billion yen, which is about half of the historical peak in 2005, and its growth is slow. From August to December 2011, the average monthly orders for machine tools in Japan were about 102.5 billion yen, which is expected to be conservative compared with January to July of 112.5 billion yen.
The Association announced on the same day that Japan's machine tool orders for July 2011 were 113.4 billion yen, an increase of 34.8% year-on-year. Among them, overseas orders amounted to 77.6 billion yen, an increase of 41.4%; domestic orders amounted to 35.8 billion yen, an increase of 22.2%. Judging from the orders in July, Japan's machine tool orders have returned to the level of June 2008 before the outbreak of the financial crisis, but they have slipped from June 2011.
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