A Japanese official said on Tuesday that volatility was rising in the currency market and the government stands ready to take necessary steps if the market becomes too erratic. “Volatility is rising. Each country shares the G7/G20 view that excess volatility and disorderly moves are undesirable for the economy,” Masatsugu Asakawa, vice finance minister for international affairs, told reporters. “We will keep close watch on market moves with a sense of urgency, while thoroughly checking to see if there’s any speculative move,” he said. Speaking after a meeting with his counterparts from the Bank of Japan and Financial ... (full story)