Taiwan’s Tsai Urges Structural Overhaul to Jumpstart Economy
- Conventional fiscal, monetary policies have limited impact
- President speaks at Bloomberg financial forum in Taipei
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Taiwanese President Tsai Ing-wen said monetary and fiscal policy have limited impact and that structural reforms were the best way to fix Taiwan’s slowing economy.
"If there were only conventional monetary and fiscal policies, that would have very limited impact on improving the economy, and may even further worsen the structural problem," Tsai said at a financial forum Wednesday in Taipei organized by Bloomberg LP, the parent company of Bloomberg News. She said financial and industrial reforms must "go hand in hand for a fundamental change in the domestic economic structure."