STEADY HAND: An economist said Yang is familiar with the organization and would help stabilize the foreign exchange market, the No. 1 challenge for the next governor
Taipei Times
Date: Jan 28, 2018
By: Crystal Hsu / Staff reporter
Central bank Deputy Governor Yang Chin-long (楊金龍) has reportedly won the
Central bank Deputy Governor Yang Chin-long gathers his papers during a question-and-answer session of the Legislative Yuan’s Finance Committee in Taipei on Saturday last week. Photo: Liao Chen-huei, Taipei Times
nomination as the nation’s top monetary policymaker after Governor Perng Fai-nan (彭淮南) retires on Feb. 25.
In an exclusive report yesterday, the Chinese-language Liberty Times (the sister newspaper of the Taipei Times) broke the news, which is consistent with market expectations.
The long-awaited appointment, which still requires confirmation from the Presidential Office and the Executive Yuan, would make Yang the central bank’s first deputy to become governor.
He is expected to extend Perng’s “dynamic stability” approach in dealing with foreign exchange. [FULL STORY]