Japanese government bonds rose following the rally in U.S. Treasuries last Friday.

Japanese government bonds rose in early trading in Tokyo, following the trend of US Treasury bonds rising last Friday due to weak US economic data. Strategists at Mitsubishi UFJ Morgan Stanley Securities commented that buying pressure is expected to dominate the Japanese government bond market today. These strategists also added that the weakness in the stock market and appreciation of the yen have triggered risk aversion, which is also expected to provide support for the domestic government bond market.