Cenbank says Taiwan will not face financial crisis

- Central Banking staff
- 14 Nov 2000

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Taiwan's central bank governor Perng Fai-nan dismissed Tuesday the speculation that Taiwan will suffer a financial crisis early next year. Speaking at a press conference on the sidelines of the Asia-Pacifi Economic Cooperation (APEC) summit meeting, Perng said, "I assure that Taiwan will not face a financial storm, though Taiwan's banking system does indeed have some problems." Perng added that the relevant government agencies on the island have taken necessary measures to address the problems

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