- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 4. Monetary Policy
- Subject 3. Monetary Policy Objectives
CFA Practice Question
Which country's central bank does not have an explicit inflation target?
A. Japan
B. The United Kingdom
C. The United States
Explanation: The Bank of Japan doesn't have a formal inflation target.
User Contributed Comments 8
| User | Comment |
|---|---|
| Benloper | Didn't Janet Yellen set an inflation target in January? |
| bidisha | I know right, I was thinking the same. |
| Shaan23 | Who is Yellen? Does she have her CFA? |
| jnptrsn1 | She has the blessings of the illuminati. No cfa though. |
| farhan92 | ^LOOOOL. Does the Illuminti charge ayearly membership fee -.- |
| houstcarr | US does have an explicit inflation target. 2% |
| kjw88 | BoJ does have an inflation target, 2%, which it will never get to at this rate. This is confirmed on the BoJ website. |
| will080912 | I think it is because Japan suffer from deflation. |