TOKYO, Oct 29 (IFR) - Japanese government bond prices werelargely unchanged in subdued trading on Tuesday morning, astraders kept to the sidelines ahead of the outcomes of meetingsby U.S. and Japanese central banks this week.
The Federal Reserve begins its two-day meeting on Tuesdaywhile the Bank of Japan will hold a one-day policy board meetingon Thursday to review its semi-annual economic outlook report.
Both central banks are widely expected to keep policy onhold, with markets watching out for any hint from the Fed on thetimeline for tapering its massive $85 billion-a-monthbond-buying stimulus.
A batch of positive Japanese economic data released earlierin the day had little impact on the JGB market. Retail salesrose 3.1 percent from a year earlier in September, aboveeconomists' forecast of 1.9 percent.
The jobless ratio declined to 4.0 percent in September from4.1 percent in August.
At midday, yield on the current 5-year JGBs was unchanged at0.205 percent. The 10-year yield was also flat at0.610 percent.
In the super-long zone, the 20-year yield rose 0.5 basispoint to 1.485 percent.
Lead December JGB futures moved in a narrow range beforefinishing midday up 0.04 point at 144.87.
- Budget, Tax & Economy