{"id":565646,"date":"2026-08-11T11:32:24","date_gmt":"2026-08-11T11:32:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/565646\/"},"modified":"2026-08-11T11:32:24","modified_gmt":"2026-08-11T11:32:24","slug":"u-s-treasury-chiefs-whatever-it-takes-vow-to-help-yen-masks-limited-firepower","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/565646\/","title":{"rendered":"U.S. Treasury chief\u2019s \u2018whatever it takes\u2019 vow to help yen masks limited firepower"},"content":{"rendered":"<p>Treasury Secretary Scott Bessent\u2019s suggestion of a no-limits approach toward helping Japan rescue the yen risks getting called out by market participants flagging his limited firepower to do the job.<\/p>\n<p>Japan\u2019s currency slid as much as 1% Monday to past \u00a5159 per dollar, wiping out half the rally triggered by the July 31 U.S.-Japan intervention. The exercise, the first coordinated effort since 1998, had lifted the currency near \u00a5155 before the retreat resumed.<\/p>\n<p>In the wake of that unusual operation, Bessent said \u201cwe will do whatever it takes to support them in a way that helps the American economy, the American taxpayer, stabilizes the global economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Treasury Secretary Scott Bessent\u2019s suggestion of a no-limits approach toward helping Japan rescue the yen risks getting called&hellip;\n","protected":false},"author":2,"featured_media":565647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[30379,138,7011,219,866,4240,111,139,69,11385,863,42907],"class_list":["post-565646","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-boj","tag-business","tag-dollar","tag-economy","tag-federal-reserve","tag-forex","tag-new-zealand","tag-newzealand","tag-nz","tag-scott-bessent","tag-u-s","tag-yen"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/565646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=565646"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/565646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/565647"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=565646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=565646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=565646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}