Japan’s Textile Machinery Production & Exports Grow Sharply in 2017

According to statistics compiled by the Japan Textile Machinery Association, the nation’s production of textile machinery in 2017 sharply increased by 17.6% over the previous year to 235,049 million yen. Exports also grew by 19.4% to 256,024 million yen, indicating vigorous capital investments worldwide.

Production increased for nearly all categories except for looms, and exports also rose except for looms and parts.

In addition to vigorous capital investments thank to a favorable global economy, production was supported by capital investment support measures from the Japanese government, such as subsidies and a preferential tax system.