Japan Machine Tool Builders' Association (JMTBA) reported its preliminary estimates showed that the country's machine tool orders rose 26.3 percent y-o-y in July, following a 31.1 percent y-o-y increase in June.

JMTBA's data on machine tool orders are released nearly a month ahead of the Japanese machine orders data set from the Cabinet Office's think tank, the Economic and Social Research Institute. These data are a leading indicator of the Japanese production.