Japan's machine tool orders increased in July after a renewed decline in June, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Wednesday.
Machine tool orders climbed 3.6 percent year-on-year in July, after falling 0.5 percent in the previous month, which was the first decrease in nine months.
Foreign orders grew 5.3 percent from last year, while domestic demand was down by 0.7 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.