JAPAN DATA: Orders for Japanese machine tools totaled Y128.4
billion in June, up 53.3% on year, with the pace of growth accelerating
from a revised +34.0% in May, 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 (June data
due Aug. 11), rose 42.2% on year, accelerating from a revised +12.7% in
May. Orders from overseas, which account for about 70% of overall
orders, increased 59.0%, compared with a revised +45.8% in May.