Central bank Governor Yang Chin-long (楊金龍) failed to secure a third consecutive top grade from the New York-based Global Finance magazine on Wednesday.
The magazine’s “Central Banker Report Cards 2021” gave Yang an “A-” grade, stopping a two-year streak of the top “A” grade in 2019 and last year after he took the position on Feb. 26, 2018.
The magazine said its “A” to “F grading is based on success in areas such as inflation control, economic growth goals, currency stability and interest rate management.
The magazine said that “A” represents an excellent performance, while “F” is for outright failure.
Yang was ranked on the same level as US Federal Reserve Chair Jerome Powell this year, the report showed.
Aside from Yang and Powell, Colombia’s Leonardo Villar Gomez, Georgia’s Koba Gvenetadze, Israel’s Amir Yaron, Malaysia’s Nor Shamsiah Mohd Yunus, Mexico’s Alejandro Diaz de Leon, New Zealand’s Adrian Orr, Paraguay’s Jose Cantero Sienra, Qatar’s Abdulla Bin Saoud Al Thani and South Africa’s Lesetja Kganyago also earned an “A-.”
Ranked above those 11 were 10 other central bankers who earned the top “A” grade, Global Finance said.
They are Brazil’s Roberto Campos Neto, Bulgaria’s Dimitar Radev, Canada’s Tiff Macklem, Chile’s Mario Marcel Cullell, China’s Yi Gang (易綱), the Czech Republic’s Jiri Rusnok, Egypt’s Tarek Amer, the EU’s Christine Lagarde, Kuwait’s Mohammad Yousef Al-Hashel and Morocco’s Abdellatif Jouahr.
The Central Banker Report Cards, published every year by Global Finance since 1994, graded the central bank governors of more than 100 countries and territories this year.
“With the [COVID-19] pandemic still surging in many areas, and inflation emerging as a major area of concern once again, the world’s central bankers are confronting multiple challenges from multiple directions,” Global Finance publisher and editorial director Joseph Giarraputo said in a statement.
“Global Finance’s annual Central Banker Report Cards show which financial policy leaders are succeeding in the face of adversity and which are falling behind,” Giarraputo added.
Yang has been working at Taiwan’s central bank since 1989, serving in its foreign exchange and economic research departments before his appointment as deputy governor in 2008.
His predecessor, Perng Fai-nan (彭懷南), has the distinction of being the only central banker in the world to have earned the top grade 14 times, gaining straight A’s from 2005 to 2017.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review. In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World Index by 0.02 percentage points to 2.25 percent, while maintaining the weighting in the MSCI Emerging Markets Index, the most closely watched by foreign institutional investors, at 20.46 percent. Additionally, the index provider has left Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index unchanged at 23.15 percent. The latest index adjustments are to
RSS