Critics of the Bank of Japan argue that it played a role in the global financial crisis. What do these critics argue?

a. The Bank of Japan raised interest rates too quickly as the crisis was beginning. 

b. The Bank of Japan did not expand its balance sheet as much as the Federal Reserve did in response to the crisis.

c. The Bank of Japan should have cut taxes to stimulate spending in Japan. 

d. The Bank of Japan purchased far too many bonds at the beginning of the crisis