The Japan Construction Equipment Manufacturers Association (CEMA) recently announced its construction equipment demand forecasts for fiscal 2020 and fiscal 2021. CEMA has forecasted the total value of domestic shipments for the first half of fiscal 2020 – hit by the spread of COVID-19 – at 431.1 billion yen ($4.07 billion), down 9 percent year-on-year. This figure includes a 15 percent…
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