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Japan machine tool orders rise in July on Chinese demand

TOKYO -- Orders received by Japanese machine tool producers increased 8% on the year in July to 123.9 billion yen ($850 million), an industry group said Thursday, driven by demand in China and the U.S.

The figure grew year-on-year for the third month in a row, according to data published by the Japan Machine Tool Builders' Association (JMTBA).

Read more on asia.nikkei.com