Japan's government backs a near-term BOJ rate hike as the yen hits 40-year lows, with coordinated FX intervention and hawkish policy signals

Japan's government backs a near-term BOJ rate hike as the yen hits 40-year lows, with coordinated FX intervention and hawkish policy signals

Japans coordinated yen-buying intervention with the U.S. and South Korea has heightened expectations of faster Bank of Japan rate hikes. Markets now price a 76% chance of a…