Looming Fed Rate Rise Welcomed by Taiwan Finance Chief Chang

Taiwanese Finance Minister Chang Sheng-ford said he’d be “glad” to see the Federal Reserve raise interest rates, even given the likelihood that the resulting capital flows will deal a short-term blow to his economy.

“If the U.S. raises interest rates, it means the U.S. economy is recovering at a faster pace,” Chang, 65, said in an interview in Taipei on Monday. “This would be helpful to Taiwan’s economy because the U.S. is one of our big export destinations.”