The continual decline of the yen against the U.S. dollar in recent weeks has been ¡°excessive,¡± sparking concerns that it is discouraging outbound travel from Japan, especially among younger Japanese travelers, Japan Airlines¡¯ new chief executive said.
¡°The weakening of the yen doesn¡¯t seem to be ceasing, and we are quite concerned,¡± Mitsuko Tottori, who became JAL¡¯s first female CEO on April 1, said during an interview with media outlets on Wednesday.
The yen dropped past the closely watched ?155 level against the dollar on Thursday to a new 34-year low, fueling speculation that the government might intervene soon.
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