Japan Airlines CEO Describes Weak Yen as a ‘Big Problem’
- Good rate would be around ¥130 to dollar, Mitsuko Tottori says
- CEO says will rely on Airbus and Boeing to build out fleet
Mitsuko Tottori in Tokyo on April 24.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Japan’s weak currency is a “big problem,” Japan Airlines Co. Chief Executive Officer Mitsuko Tottori said in a group interview, adding that a stronger rate than the current level of around ¥155 to the dollar would be better.
“We often discuss that the yen at the 130 level will be good,” Tottori said at the company’s headquarters in Tokyo on Wednesday, adding that much of the airline’s expenses are in foreign currency. “It’s a big problem.”