The doves also have an exhibit from the labour market to back their case: the decline in the rateofincrease in average earnings in the past six months from over 6% to less than 4% a year.
At the current 3 percent CPI inflation rate, the average level of money prices would increase by 34 percent in a decade, and by 81 percent in 20 years.
At yesterday's investor meeting in Taipei, TSMC's chairman and CEO Morris Chang shared the good news that his company's 28nm chip shipment this year will triple that of last year, which should boost its annual increase in revenue to above the industry's averagerateof seven percent.