Japan's machine tool orders increased for the second straight month in August, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Tuesday.
Machine tool orders climbed 8.1 percent year-on-year in August, faster than the 3.6 percent rise in the previous month.
Foreign orders surged 12.0 percent from last year, while domestic demand was down by 1.4 percent.
On a monthly basis, the decline in machine tool orders deepened to 6.7 percent in August from 3.6 percent in July.
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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.