Japan's short-end JGB yields rise ahead of BOJ policy decision

TOKYO, Jan 24 (Reuters) - Yields on shorter ended Japanese government bonds (JGBs) rose on Friday as the market awaited the Bank of Japan's policy decision later in the day.

The BOJ is expected to raise interest rates by 25 basis points to 0.5% on Friday to levels unseen since the 2008 global financial crisis.

The two-year JGB yield JP2YTN=JBTC rose 0.5 basis point to 0.7%. The five-year yield JP5YTN=JBTC rose 0.5 bp to 0.88%.

The market has almost fully priced the BOJ's rate hike, with swap rates indicating a 99.85% chance for the BOJ raising interest rates to 0.5% at Friday's meeting. 0#JPYIRPR