JGBs rise as summary shows BOJ's dovish tone at June policy meeting

TOKYO, June 25 (Reuters) - Japanese government bonds rose on Wednesday as the market found the overall tone of a summary of the Bank of Japan's latest policy meeting dovish.

The 10-year JGB yield JP10YTN=JBTC fell 1.5 basis points (bps) to 1.4%. The 20-year JGB yield JP20YTN=JBTC fell 2.5 bps to 2.315%.

Some BOJ policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of U.S. tariffs on Japan's economy, the summary of opinions at the bank's June policy meeting showed on Wednesday.

"A lot of opinions were dovish, which prompted investors to buy JGBs," said Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management.

The two-year JGB yield JP2YTN=JBTC fell 0.5 bp to 0.725% and the five-year yield JP5YTN=JBTC fell 1 bp to 0.95%.

Bond yields move inversely to prices.

The bond prices were also supported by comments of a hawkish board member of the BOJ, Naoki Tamura, who spoke to business leaders in northern Japan of Fukushima.

Tamura said the BOJ may need to raise interest rates "decisively" to address inflation risks even if uncertainties over U.S. tariffs persist.

"He is the most hawkish member of the BOJ's board, so we stood ready for his comments, but his remarks were within our expectations," Inadome said.

The 40-year JGB yield JP40YTN=JBTC fell 2.5 bps to 3.1%.