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MNI POLICY: BOJ To Keep View After Solid Japan June Exports

     TOKYO (MNI) - The Bank of Japan will maintain its assessment that Japanese
exports are on an uptrend as Ministry of Finance data showed Thursday that they
rose 6.7% on year in June for the 19th straight year-on-year rise, indicating
firm global demand.
     But BOJ economists remain vigilant against the risks that global demand
will be hurt by the protectionist U.S. trade policy following the World Economic
Outlook released by the International Monetary Fund on Monday.
     The IMF left its forecast for global economy unchanged from April at 3.9%
this year and next but it also warned that escalating trade tensions are
threatening to the global economic growth.
     The next key piece of data is the Bank of Japan's real trade indexes for
June due out at 1400 JST (0500 GMT) on Thursday.
     The BOJ's real export index posted the first month-on-month drop in two
months in May, down 3.8% after rising 5.3% in April, but BOJ officials believe
solid global demand should support a moderate economic recovery.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email:
--MNI Tokyo Bureau; tel: +81 90-4670-5309; email:

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