TOKYO, July 31 (Reuters) - Japanese government bonds fell in early trading on Thursday as investors awaited signs from the central bank on the pace for potential interest rate hikes.
The 10-year JGB yield JP10YTN=JBTC rose one basis point (bp) to 1.565%. The five-year yield JP5YTN=JBTC rose 1.5 bps to 1.105%.
Yields move inversely to bond prices.
Bank of Japan Governor Kazuo Ueda and his colleagues are widely expected to refrain from any rate change at the end of their two-day policy meeting on Thursday. However, analysts anticipate the BOJ may deliver a less pessimistic economic assessment.
Bonds with other maturities were not traded as of 0050 GMT.