ANA’s CEO Joins Japan Airlines in Calling for Stronger Yen
Written by Emily J. Thompson, Senior Investment Analyst
Source: Bloomberg
- CEO Concerns Over Yen: CEOs of major Japanese airlines express concern over the yen's slide to 34-year lows, with ANA CEO stating ¥125 to the dollar is ideal.
- Impact on Outbound Tourism: A stronger yen may encourage more Japanese to travel abroad as outbound tourism remains below pre-pandemic levels.
- Bank of Japan's Influence: The yen fell after the Bank of Japan kept interest rates steady and hinted at no imminent rate hikes, affecting currency movements.
- Japan Airlines' CEO Statement: Japan Airlines' CEO called the weak yen a significant issue and advocated for a rate closer to ¥130.
- ANA's Financial Forecast: ANA predicts an 18% decrease in operating income for the fiscal year to March 2025 due to reduced fuel subsidies, higher airport fees, and increased maintenance costs.
Analyst Views on JPY
Wall Street analysts forecast JPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.345
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
