While Legislation Enacted in 1998 Granted the Bank of Japan

question 56

Multiple Choice

While legislation enacted in 1998 granted the Bank of Japan new powers and greater autonomy,its critics contend that its independence is

• A)limited by the Ministry of Finance's veto power over a portion of its budget.
• B)too great because it need not pursue a policy of price stability even if that is the popular will of the people.
• C)too great since the Ministry of Finance no longer has veto power over the bank's budget.
• D)limited since the Ministry of Finance can dismiss senior bank officials.

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Definitions:

Discriminatory Language

Language or phrasing that makes unfair distinctions or shows prejudice against individuals or groups based on personal characteristics such as race, gender, or age.

Bias Avoidance

Efforts to recognize, reduce, and remove personal and systemic biases in decision-making processes or information presentation.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Capital Equipment

Large, long-term investments in goods or machinery used by a business to produce goods or services.