According to a report by Bloomberg News, Taiwan’s central bank has stated that the weak Japanese yen is having a limited impact on its economy. Despite the fluctuations in the Japanese currency, Taiwan’s dollar has been experiencing less volatility compared to other Asian currencies. The report highlights that Taiwan’s exports and economy are primarily influenced by the global economy as a whole. However, traditional industries such as machinery tools may be affected by the depreciation of the yen.
The report was filed just before Governor Yang Chin-long was scheduled to appear before the legislature’s finance committee to discuss the impact of the weakening Japanese currency. Governor Yang is expected to provide further insight into how Taiwan’s economy is being affected by the yen’s depreciation and how the central bank plans to address any potential challenges that may arise. Overall, despite some fluctuations in specific industries, Taiwan’s economy remains relatively stable due to its global influence and resilience.