2011 Japan's machine tool orders will reach 1.1 trillion yen

Not long ago, the Japan Machine Tool Industry Association announced the 2010 Japan Machine Tool Order Amount (revised value). Data show that in 2010 Japan's machine tool orders amounted to 978.6 billion yen, an increase of 140% compared with the same period of last year. This level rose sharply from 2009 when the global financial crisis broke out. It was also the first time in the past three years that it was higher than the previous year.

According to the data, due to the continuous increase in orders for machine tools from Asia, Europe and North America, the external demand orders of Japanese machine tools in 2010 reached 671.1 billion yen, an increase of 170% year-on-year; domestic demand orders were 307.5 billion yen, up The increase was 92.6%.

According to the statistics of the Japan Machine Tool Industry Association, Japan’s machine tool demand for external orders accounted for a record 68.6% in 2010. From different regions, orders for machine tools from Asia were 408.8 billion yen, up 200% year-on-year, while orders from East Asian countries such as China were as high as 320.3 billion yen; orders for machine tools from Europe were 106.1 billion. Yuan, a year-on-year increase of 130%; North American orders also reached 141.8 billion yen, a year-on-year increase of 130%, both showing rapid growth.

From the 2010 domestic demand orders for machine tools in Japan, the general machinery orders amounted to 125.6 billion yen, an increase of 82.2% year-on-year; the orders for machine tools from the automotive industry were 89.4 billion yen, an increase of 160% from the same period of last year. However, Kenichi Nakamura, chairman of the Japan Machine Tool Industry Association, also pointed out that “although in 2010 Japan's four major industries saw significant growth in the number of machine tool orders, the amount of orders still failed to return to pre-crisis levels.”

The Japan Machine Tool Industry Association expects that Japan's machine tool orders will reach 1.1 trillion yen in 2011. President Kenichi Nakamura said, "The goal of reaching 1.1 trillion yen can be basically determined, because the exchange rate of the yen in the foreign exchange market is still rising, so There is no higher goal."

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