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June 26, 2017

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Next deputy Taipei mayor says sorry to central bank governor

TAIPEI, Taiwan -- Deputy Taipei City Mayor-designate Chang Chin-e (張金鶚) yesterday apologized to central bank Governor Perng Fai-nan (彭淮南), claiming that media misinterpreted his words and caused a misunderstanding.

Chang, who is slated to take office April 1, said a reporter asked him about the central bank's housing policy on risk management recently in a TV interview.

Chang said the media edited and misinterpreted his words to make it sound as though he was criticizing the central bank's housing policy as too soft to successfully suppress the unreasonably high-priced housing market.

Commentators expected that the central bank would propose a harsher policy on managing the housing market during the bank's board meeting on March 28; however, the central bank decided to maintain its current policy and keep supervising real estate loans to stabilize financial institutions' operations.

In a response to the TV report regarding Chang's comments, Perng said that he and Chang have been friends for many years. "Once Chang takes office he will understand it is different from being a professor," Perng said.

It is a pity that the media misinterpreted an interviewee's original comments, he said, adding that he will apologize to Perng for this.

Chang said he thinks Perng is the most influential and constructive governor in regards to establishing a healthy housing market in Taiwan. He said he stands by the same position with the central bank on improving Taiwan's unreasonably high-priced housing market.

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