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ECONOMY > Trade

Japan’s machine tool exports fall for first time in 21 months

  • September 12, 2018
  • , Nikkei , p. 14
  • JMH Translation

Machine tool orders, which are said to be a leading economic indicator and continuing to be at record high levels, are gradually reaching a turning point. According to data released by Japan Machine Tool Builders’ Association (Headquarters: Minato Ward, Tokyo) on Sept. 11, the export value of machine tools in August (preliminary figures) decreased by 4.4% on the year, marking the first year-on-year decline in 21 months. The reduction is believed to be attributable to a wait-and-see attitude in China toward investment following the trade friction between the U.S. and China. (Abridged)

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