Japan's eight major machine tool companies in February total orders increased by 32.1%

Abstract Japanese domestic demand for machine tools dropped from 42.256 billion yen in September 2013 to 34.45 billion yen in February 2014, marking the third consecutive month of decline and a total drop of 18.5%. This downward trend suggests that the impact of the consumption tax hike and government manufacturing subsidies aimed at small and medium-sized enterprises may have started to fade.

In February 2014, Japan’s domestic machine tool demand fell to 34.45 billion yen, down from 42.256 billion yen in September 2013, showing a sharp 18.5% decline over three months. This drop is seen as a sign that the short-term boost from policy measures, such as the consumption tax increase and government support for SMEs, might be running out. Meanwhile, the broader industrial sector continues to show mixed signals, with external demand rising sharply while domestic orders remain under pressure. According to recent data, the eight major Japanese machine tool manufacturers reported total orders of 40.764 billion yen in February 2014, up 32.1% year-on-year. However, this growth was primarily driven by overseas demand, which reached 26.494 billion yen—up 34.9% compared to the same period last year. External orders accounted for 65% of total orders, highlighting the growing reliance on international markets. Domestic demand, however, remained weak, standing at 14.271 billion yen. Although it had been increasing for seven consecutive months, the recent decline marks the third straight month of contraction, aligning with the overall weakening in domestic demand across Japan. Industry insiders suggest that the slowdown reflects reduced investment activity among small and medium-sized businesses, which were previously supported by government incentives. Companies like Daxie Machine Tool note that equipment investment from SMEs has declined, while demand from large automotive firms and related industries remains strong. Makino Milling Machine also reports increased inquiries from high-end sectors such as aerospace, indicating some resilience in specialized markets. DMG Mori Seiki, one of Japan’s leading machine tool producers, saw internal demand fall to 2.94 billion yen in February—well below the average seen in the previous three months. Analysts predict that domestic demand could return to pre-July 2013 levels in the coming months, signaling a potential further slowdown in the near term. With policy support waning and economic conditions remaining uncertain, the future outlook for Japan's machine tool industry remains cautious.

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