Taiwanese lenders led by Bank of Taiwan are taking their highest share of syndicated loans in Asia since 2010 as they expand outside the island’s saturated market to escape the worst margins in Asia-Pacific.
Asian currencies declined for a second week on speculation regional central banks will allow their exchange-rates to depreciate to keep exports competitive with Japan, as the yen fell to a four-year low.
China Mobile Ltd.’s plan to buy part of Far EasTone Telecommunications Co., the first investment by a Chinese state-owned company in Taiwan in six decades, collapsed after the island wouldn’t ease ownership curbs.
Taiwan dollar forwards dropped toward an eight-month low on speculation the central bank will curb gains to keep pace with declines in the yen and South Korean won, the island’s biggest local competitors for exports.
Taiwan dollar forwards fell toward a seven-month low on speculation the Bank of Japan will take steps that could further weaken the yen, damaging the island’s export competitiveness. Government bonds dropped.