The Bank of Japan Switched from Targeting Money Supply Growth

Multiple Choice

The Bank of Japan switched from targeting money supply growth to targeting interest rates because targeting money growth ________.

A) led to volatility in real output and poor monetary policy performance
B) helped cause tight monetary policy that led to economic stagnation
C) failed to contain Japanese inflation in the 1980s
D) failed to end the Japanese "bubble economy" and speculation in land and stocks