Expect liquidity to remain thin in the.........>

JGBS: Expect liquidity to remain thin in the space, with many participants

taking advantage of the Japanese holiday calendar, using 2 days of annual leave

to book a full week off work, although the current WFH/lockdown backdrop may

render that a little less true than in normal times.

- A reminder that a Nikkei source report has suggested that "Japan's government

plans to extend a nationwide state of emergency beyond May 6, as the country's

coronavirus outbreak has yet to subside. The public could be urged to stay at

home for about one month longer under a proposal to be discussed at an expert

meeting on Friday."

- Local data highlights due for release on Thursday include retail sales and

industrial production.