Masazumi Wakatabe, a professor at Waseda University who is seen by Bank of America Corp. and UBS as a potential BOJ board candidate, said the central bank must consider additional stimulus.
Kuroda is counting on rising inflation expectations and a narrowing gap in supply and demand in the economy to help lift price gains.
The central bank said on Oct. 31 when it expanded the pace of its asset purchases that it was aiming to prevent the blow from oil delaying an end to a “deflationary mindset.” The October move demonstrated the BOJ’s determination to achieve its price target, Kuroda said on Dec. 19.