Focus Taiwan
Date: 2019/09/28
By: Wu Chia-jung and Frances Huang
Taipei, Sept. 28 (CNA) The United States remained the largest debtor to Taiwan as of the end of June, with the local banking sector's exposure to U.S. entities on the rise, despite continued trade tension between the U.S. and China, according to the central bank.
Data compiled by the central bank showed that outstanding international claims by Taiwanese banks from the U.S. as of the end of June totaled US$79.11 billion on a direct risk basis, up from US$74.21 billion at the end of March.
On an ultimate risk basis, which calculates a country's consolidated debts after risk transfers, Taiwanese banks' exposure to the U.S. stood at US$74.92 billion as of the end of June, up from US$71.61 billion a quarter earlier.
Market analysts said the increase largely reflected an appreciation of currency value fluctuations during the three-month period, and the global trade tensions imposed little impact on the local banking sector's exposure to Washington. [FULL STORY]
