Japan sees first post-COVID drop in April-September construction orders

What happened: Construction orders in Japan fell year over year in the April-September half, the first such drop since 2020, according to data released Wednesday by an industry group, as big redevelopment projects hit a dry spell. Key numbers: April-September half: first year-over-year decline since 2020. Why it matters: Soaring construction costs have delayed many projects, and contractors are looking to nuclear power projects or overseas work as redevelopments stall.

Construction orders in Japan fell year over year in the April-September half, the first such drop since 2020, according to data released Wednesday by an industry group, as big redevelopment projects hit a dry spell.

Soaring construction costs have delayed many projects, and contractors are looking to nuclear power projects or overseas work as redevelopments stall.