Japanese government bond yields fell to multi-week lows on Thursday amid thin trading conditions.
Traders are monitoring the upcoming Bank of Japan meeting next week while simultaneously weighing geopolitical and inflation risks.
In recent days, Japanese government bonds have benefited from safe-haven capital inflows.
Markets are closely watching developments in the Middle East conflict, France's fiscal deficit and street protests, as well as stock market volatility driven by corporate earnings and artificial intelligence (AI) related news.
The benchmark 10-year Japanese government bond yield dropped 1 basis point to 2.88%, marking its lowest level since September 9.
The five-year Japanese government bond yield declined 1.5 basis points to 2.285%, reaching its lowest point since September 18.
The 30-year Japanese government bond yield fell 2.5 basis points to 3.895%, hitting its lowest level since August 6.
The 40-year Japanese government bond yield decreased 3.5 basis points to 4.015%.
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