Taiwan Appoints Yang Chin-long as New Central Bank Governor
- Taiwan’s economy will be dominated by fiscal policy this year
- Yang seen keeping currency and interest-rate policies stable
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Taiwan central bank deputy governor Yang Chin-long is to succeed Governor Perng Fai-nan, signaling continuity in monetary policy.
Yang, 64, will replace Perng, cabinet spokesman Hsu Kuo-yung said at a briefing in Taipei Thursday. Yang has served as the institution’s top deputy since 2008. By selecting him to take over from one of the world’s longest-serving central bank governors, Taiwan’s policy makers are signaling that they’re aiming for consistency and stability.