Focus Taiwan
Date: 2018/08/21
By: Kuo Hsin-yi and Frances Huang

Taipei, Aug. 21 (CNA) Taiwan recorded a net fund outflow for the 32nd consecutive quarter in the second quarter, the longest run in the country’s history, according to Taiwan’s central bank.

Central bank data showed a net outflow in Taiwan’s financial account, which measures the flow of direct investment and portfolio investments, of US$12.64 billion in the April-June period, bringing the total net outflow for the 32 quarters to US$380.42 billion.

The continued outflow, which shows that more funds for investment are flowing out of than into Taiwan, has fueled growing concerns that investors will keep moving funds out of the country and into U.S. dollar denominated assets.

The central bank dismissed the concerns, however, saying Taiwan is one of the few countries in the world to record a long-term current account surplus, and countries with such surpluses tend to register net financial account outflows.    [FULL  STORY]