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:

Unfair Labour Practice

Actions by employers or unions that violate the rights of employees or the labor union's regulations, such as discrimination or interference with union activities.

Employees Fairly

Treating workers with impartiality, justice, and equality in the workplace regarding opportunities, rewards, and conditions.

Represent

To act on behalf of someone or something, or to symbolize, embody, or exemplify particular qualities or ideals.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, detailing the terms of employment, wages, and workplace policies.