While Legislation Enacted in 1998 Granted the Bank of Japan

question 8

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 control 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:

Public Accountability

The obligation of public officials, corporations, and organizations to be answerable to the public and to their actions' impacts on society.

External Stakeholders

Individuals or entities outside an organisation that are affected by or have an interest in its operations, such as customers, suppliers, and the community.

Corporate Social Responsibility

A business model that requires companies to operate in a socially responsible way, balancing economic growth with the welfare of society and the environment.

External Stakeholders

Individuals or groups outside an organization who are interested in or affected by the organization's activities, such as customers, suppliers, investors, and the community.