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:

Bias

An inclination or prejudice for or against one person or group, especially in a way considered to be unfair.

Sociological Research

The systematic study of societies and social behavior, employing various methods to collect and analyze data to understand social phenomena.

Validity

The degree to which a measure actually measures what it is intended to measure.

Researcher's Interpretations

The conclusions or explanations made by researchers based on their findings from studies, which are subject to academic scrutiny and debate.