UPDATE 1-Honda CFO says profit forecast not conservative

Newswire

* Dollar at 80 yen not conservative view - CFO * Japan's need to import energy may be keeping yen strong-CFO * Rare earth price surge puts pressure on costs * Preparing big model offensive for Acura * Honda shares up 1.2 percent, in line with Nikkei (Adds details, share price move) By Chang-Ran Kim, Asia autos correspondent TOKYO, June 28 (Reuters) - Honda Motor Co's annual operating profit forecast is not conservative given the yen's strength and soaring raw materials prices, ...

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