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According to the data, orders for machine tools from Asia, Europe and North America continue to rise. In 2010, orders for Japanese machine tools reached 671.1 billion yen, an increase of 170% year-on-year; domestic demand orders amounted to 307.5 billion yen. The increase was 92.6%.
According to statistics from the Japan Machine Tool Industry Association, the proportion of Japanese machine tool external orders in 2010 reached a record 68.6%. 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 reached 320.3 billion yen; orders for machine tools from Europe were 1061 billion. Yuan, a year-on-year increase of 130%; orders in North America also reached 141.8 billion yen, a year-on-year increase of 130%, both have experienced rapid growth.
From the 2010 domestic machine tool domestic demand orders, the general machinery orders amounted to 125.6 billion yen, an increase of 82.2%; the machine tool orders from the automotive industry was 89.4 billion yen, an increase of 160%. However, Nakamura Kenichi, president of the Japan Machine Tool Industry Association, also pointed out that "although the number of machine tool orders in the four major industries in Japan has increased significantly in 2010, the order amount has not recovered to the pre-crisis level."
Japan's Machine Tool Industry Association expects Japan's machine tool orders to reach 1.1 trillion yen in 2011. President Nakamura said that "the goal of reaching 1.1 trillion yen is basically certain, because the yen exchange rate is still rising in the foreign exchange market. No higher goals were proposed."
2011 Japanese machine tool orders will reach 1.1 trillion yen
Not long ago, the Japan Machine Tool Industry Association announced the confirmed value (revised value) of the Japanese machine tool order in 2010. Data show that in 2010, Japan's machine tool orders totaled 978.6 billion yen, an increase of 140% compared with the same period last year. This level has rebounded sharply from the global financial crisis in 2009, and it was also higher than the previous year for the first time in nearly three years.