JAPAN DATA: Orders for Japanese machine tools totaled Y104.3
billion in January, up 89.4% on year , accelerating from a revised
+64.0% in December, data released by Japan Machine Tool Builders’
Association show. Orders from the domestic market, which are seen as a
leading indicator for Japan’s core machinery orders (Dec figures due
Feb. 10), rose 100.8% on year, also accelerating from a revised +78.7%
in December. Orders from overseas, which account for about 70% of
overall orders, increased 84.8%, compared with a revised +57.9% in
December.