JGB futures edge higher after BOJ holds fire, focus shifts to Kuroda

TOKYO, Sept 17 (Reuters) – Japanese government bond futures edged higher on Thursday after the Bank of Japan left its ultra-easy monetary policy unchanged, supporting expectations that rates will remain low for a prolonged period.

The focus now shifts to BOJ Governor Haruhiko Kuroda’s press conference later in the day, where he is likely to pledge to cooperate with Japan’s new prime minister, Yoshihide Suga, by sticking with quantitative easing, traders say.

Benchmark 10-year JGB futures rose 0.08 point to 152.07, with a trading volume of 9,691 lots.

The 10-year JGB yield was flat at 0.015%. The 20-year JGB yield fell 0.5 basis point to 0.390%.

The 30-year JGB yield fell 0.5 basis point to 0.585%.

At the long end of the curve, the 40-year JGB yield rose 0.5 basis point to 0.615%.

The five-year yield was flat at minus 0.110%.

At the short end, the two-year JGB yield rose 0.5 basis point to minus 0.140%. (Reporting by the Tokyo markets team; Editing by Subhranshu Sahu)

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