Yen surges as analysts expect volatility in currency, share prices
BOJ governor says the yen has become 'very weak'; BOJ board member criticises monetary easing moves
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Tokyo
IN a day of dramatic developments in Tokyo markets, the yen surged against the dollar on Wednesday after comments from two quarters - Bank of Japan (BOJ) governor Haruhiko Kuroda, who told Parliament that the currency had become "very weak", and a member of the BOJ's Policy Board, who panned aspects of the central bank's monetary easing policy.
The yen jumped from a 13-year low of 124.63 to the dollar to 122.7 - its highest level in two weeks, reversing earlier gains in Tokyo stock prices and pointing to further volatility ahead for both the yen and Tokyo share prices, dealers said.
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