TOKYO, June 2 Japanese government bond prices
fell on Friday as Tokyo stocks rose to a near two-year high and
diminished the appeal of safe-haven debt.
The benchmark 10-year JGB yield was up half a
basis point at 0.055 percent, its highest since April 10. The
30-year yield also rose half a basis point, to
The JGB market showed little reaction after the Bank of
Japan increased its purchases of debt with maturity of less than
one year to 100 billion yen ($895 million) at its regular
bond-buying operation, from 70 billion yen at the previous
operation. Dealers said the increase was taken in stride as it
was well anticipated.
Overall market movements were limited as a wait-and-see mood
prevailed ahead of the closely-watched U.S. non-farm payrolls
report due later on Friday.
Japan's Nikkei rose above the 20,000 threshold and
reached a 22-month peak on Friday after Wall Street set record
($1 = 111.6100 yen)
(Reporting by the Tokyo markets team; Editing by Jacqueline