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

Question

Quizplus · Accepted Answer

The statement mentions that the Bank of Japan's independence is limited by the Ministry of Finance's control over a portion of its budget. Therefore, option A is the correct answer. Option B is incorrect as it contradicts the statement which mentions that the Bank of Japan has been granted with autonomy. Option C is incorrect as it mentions that the bank's independence is too great which is the opposite of what is stated in the statement. Option D is incorrect as it only mentions one aspect of the bank's independence and not the complete picture.

While Legislation Enacted in 1998 Granted the Bank of Japan