Central bank governor ‘set to resign’

By Shih Hsiu-chuan  /  Staff reporter

Fri, Feb 01, 2013 - Page 3

Chinese Nationalist Party (KMT) Legislator Lai Shyh-bao (賴士葆) yesterday said that central bank Governor Perng Fai-nan (彭淮南) had clearly stated to President Ma Ying-jeou (馬英九) his intention to resign.

Perng paid a visit to the legislature to meet with KMT lawmakers to discuss the bank’s policies related to the opening of the Chinese yuan market. Following the closed-door meeting, Lai said Perng told Ma of his intention to resign.

“In [Perng’s] talks with me, he did not tell me whether he would continue in his position or leave the Cabinet, but he said that his family members had persuaded him to quit. He has already passed the information to President Ma,” Lai told reporters.

Perng, who has been in the position for 15 years, was rated one of the world’s top central bankers by Global Finance magazine in its annual “Central Banker Report Card” feature nine times, once in 2000 and then in eight straight years from 2005 to last year.

His third five-year term of office is set to expire on Feb 25.

On Wednesday, the latest issue of magazine the Journalist reported that Ma was not inclined to keep Perng on as central bank governor due to rising discontent among business leaders about his staunch defense of the New Taiwan Dollar exchange rate.

The magazine reported that Ma is set to reshuffle the Cabinet because Premier Sean Chen (陳冲) has proven during his one-year tenure as premier that he does not have the skills required to deal with thorny issues, despite his expertise on the economy.

Vice Premier Jiang Yi-hua (江宜樺) is rumored to in line to replace Chen, while Chen could succeed Perng as central bank governor, the Journalist reported.

Ma said he has consistently assessed the performance of the Cabinet and that the government would explain the reasons for any reshuffle, should there be one.

“We’ve been assessing the Cabinet’s performance ... If there is any need to make adjustments, we will explain the changes to the public at the proper time,” he said yesterday in a meeting with reporters at the Presidential Office.

He declined to discuss the standards used when evaluating the performance of the Cabinet, saying the government adopts standards that would help improve the achievements of the government.

Additional reporting by Mo Yan-chih