Question: While legislation enacted in 1 9 9 8 granted the Bank of Japan new powers and greater autonomy, its critics contend that: A . its
While legislation enacted in granted the Bank of Japan new powers and greater autonomy, its critics contend that:
A its independence is limited since the Ministry of Finance can dismiss senior bank officials
B its independence is too great since the Ministry of Finance no longer has veto power over the Bank's budget.
C its independence is limited by the Ministry of Finance's veto power over part of the Bank's budget
D its independence is too great because it need not pursue a policy of price stability even if that is the popular will of the people
E None of the above are correct
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