Japanese government bond trends diverge or may be supported by the prospect of the Bank of Japan maintaining its policy unchanged.

Japanese government bonds showed mixed trends in early trading in Tokyo, but with the possibility of the Bank of Japan maintaining interest rates at the meeting on April 27-28, Japanese government bonds may receive support. Two members of Barclays' fixed income, foreign exchange, and commodities research department stated in a research report, "There seems to be little possibility of a clear stabilization of the situation in the Middle East by the April meeting." These members also said that in addition, amid deteriorating sentiment, Bank of Japan Governor Haruhiko Kuroda continues to emphasize two-way risks. They added, "Given the difficulty of properly assessing confidence/risks around its core outlook, the Bank of Japan seems more likely to postpone rate hikes until June." The two-year Japanese government bond yield rose 1 basis point to 1.380%, while the 10-year Japanese government bond yield remained unchanged at 2.415%.