Taiwan's Central Banker Leaves Legacy of Stability, Sharp Elbows
- Perng Fai-nan known for tight grip over currency, commentary
- Taiwan seeks to appoint first new chief policymaker since 1998
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When Perng Fai-nan took over as Taiwan’s central bank governor, one share in Apple Inc. cost less than 80 cents, China’s economy was smaller than Italy’s and the Asian financial crisis was in full force.
Since February 1998, Perng has been a quiet guiding force behind Taiwan’s economy as it overcame financial crises and tech bubbles, natural disasters and rocky international relations to double in size. One of the world’s longest-serving central bank governors, Perng is set to retire in February, with no successor yet announced, nor any official hints on who’s being considered.