Focus Taiwan
Date: 2018/04/14
By: Kuan-lin Liu and Chiu Po-sheng
Taipei, April 14 (CNA) Taiwan has remained off the U.S. currency watch for a second time since October 2017 and will keep a close eye on exchange rates to minimize their impact on trade, a bureau under the Ministry of Economic Affairs said Saturday.
In its twice-yearly foreign-exchange policy report released on Friday, the U.S. Department of Treasury found China, Japan, South Korea, Germany, Switzerland and for the first time India as economies that deserve further monitoring for potential unfair currency practices.
While Taiwan has previously been on the watch list three times, it has managed in the most recent two reports to keep off it by meeting only one of the three criteria used to determine if a country should be monitored. [FULL STORY]