Market Background

Demand for Construction Equipment to Increase 2 Percent

According to estimates by the Japan Construction Equipment Manufacturers Association, an organization of companies including makers of hydraulic excavators, construction cranes and tractors, the 2016 demand for shipments of construction equipment is projected to rise to 2.16 trillion yen (approximately $18 billion), an increase of 2 percent over the previous year. The Japanese domestic portion of this figure is 853.6...

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Domestic Tire Production Down 3.8 Percent in First Half

The Japan Automobile Tyre Manufacturers Association Inc. (JATMA) announced combined automobile tire and tire tubes production performance figures for the January–June period at a total of 536,091 tons, a 3.8 percent drop compared to the same period last year. Differentiated according to product categories, production performance for truck and bus tires and tubes dropped by 5.3 percent, for light trucks...

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