TOKYO: Japanese government bond prices edged up on Friday, lifted by slipping Tokyo shares and overnight gains in US Treasuries.
A regular operation by the Bank of Japan, through which large amounts of government debt is purchased for its monetary easing programme, also supported longer-dated JGBs.
The BoJ said on Friday it is buying 160 billion yen($1.36 billion) of JGBs with maturities of 25 years or longer.
The 30-year yield went as low as 1.355 percent, a trough not seen since April 2013.
Amply supported by the BoJ's debt purchases, longer-dated JGB yields have declined steadily this week despite the possibility of Japan raising the issuance of 30- and 40-year bonds.
The benchmark 10-year yield dipped half a basis point to 0.460 percent.
Tokyo's Nikkei skidded 0.9 percent as selling ahead of a long weekend and signs of short-term overheating offset a boost from a solid Wall Street performance.
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