| TOKYO, June 9
TOKYO, June 9 The Bank of Japan may slightly
raise its assessment of overseas economies on Friday, people
familiar with the bank's thinking said, a sign that the bank
remains confident that sluggish exports will pick up and help
Japan's economy to achieve a sustained recovery.
Robust U.S. jobs data and rising Wall Street stocks have
heightened confidence within the BOJ that the world's largest
economy has exited a soft patch blamed largely on severe winter
weather, said the sources, who asked not to be named.
"External risks have subsided somewhat," one of the sources
said on condition of anonymity. Another source expressed a
BOJ Governor Haruhiko Kuroda has recently been upbeat about
progress in escaping deflation and achieving his 2 percent price
target. But the BOJ has been notably wrong about exports.
The central bank has pushed back the expected timing of a
pickup in exports by several months in its assessments.
(Additional reporting by Sumio Ito and Yoshifumi Takemoto;
Editing by Edmund Klamann)