Former Japan currency chief says FX intervention should be backed by rate hikes

TOKYO, Feb 6 (Reuters) - Currency intervention using Japan's foreign exchange reserves can deliver an immediate jolt to markets, but its ​impact would be more durable if accompanied by steady rate ‌hikes, a former top currency diplomat told Reuters. Takehiko Nakao, who served as vice finance minister ‌for international affairs between 2011 and 2013, made the remarks as the yen resumed its decline with Japan's election campaign entering its final stretch ahead of Sunday's vote. "Intervention using actua ...