Abstract In June 2014, the domestic demand for Japanese machine tools broke through the historical record, at 42.904 billion yen. Specifically, the initial value of Japanese machine tool orders in June 2014 was 127.709 billion yen, a month-on-month increase of 6.0%, a year-on-year increase of 34.2%, for 9 consecutive...
In June 2014, Japanese machine tool domestic demand broke history, at 42.904 billion yen. Specifically, the initial value of Japanese machine tool orders in June 2014 was 127.709 billion yen, an increase of 6.0% from the previous month and an increase of 34.2% from the same period of last year. At the same time, orders for Japanese machine tools have remained above 100 billion yen for 10 consecutive months. The Japan Machine Tool Industry Association expects better performance in the second half of the year than in the first half.
In June, external demand was 84.805 billion yen, up 1.2% from the previous month and up 34.3% from the same period of last year. The proportion of external demand fell to 66.4%. In June, the domestic demand was 42.904 billion yen, an increase of 16.8% from the previous month and an increase of 33.9% from the same period of last year. It has maintained a year-on-year growth for one year. However, it is expected that the year-on-year growth of the year will be ended in July or August.
From January to June 2014, the order value of Japanese machine tools was 700.918 billion yen, a year-on-year increase of 35.5%. The half-year order value reached the highest value since the 2008 financial crisis. The domestic demand was 220.669 billion yen, a year-on-year increase of 27.3%. External demand was 480.249 billion yen, a year-on-year increase of 39.7%, accounting for 68.5%. Judging from the current data, this year's Japanese machine tool orders will easily reach the target of 1.3 trillion yen scheduled at the beginning of the year.
At present, Japan's domestic machine tool demand is in a period of strong recovery, based on the subsidy of the Japanese government, the renewed investment in a large number of enterprise equipment, and the demand for machine tools in many industries such as the automobile manufacturing industry. The increase in consumption tax in Japan in April did not affect the domestic demand of Japanese machine tools. In terms of external demand, the increase in US demand and the recovery of the European economy, and the sharp increase in demand from China in March, led to high demand for Japanese machine tool external demand.
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