Yen surges as analysts expect volatility in currency, share prices

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…