What does the Bank of Japan use as its daily operating target to conduct monetary policy?
A) Monetary aggregates
B) Non borrowed reserves
C) The inter-bank market interest rate
D) Reserve aggregates

Question

Quizplus · Accepted Answer

The Bank of Japan uses the inter-bank market interest rate as its daily operating target to conduct monetary policy. This rate is called the uncollateralized overnight call rate and the Bank of Japan uses it to guide overall short-term interest rates in the economy.

What Does the Bank of Japan Use as Its Daily