JGB futures drifted lower in the final.........>

JGBS: JGB futures drifted lower in the final overnight session of last week,

following the impetus seen in U.S. Tsys, losing 10 ticks vs. Tokyo settlement

levels.

- Weekend commentary saw Japanese Economy Minister Nishimura note that the

government wants to lift the state of emergency in "many of the 34 prefectures"

that are not among the hardest hit by COVID-19 ahead of the nationwide deadline

of May 31.

- Elsewhere, Nikkei sources have noted that Japan will compile a second

supplementary budget for the current fiscal year, which will look to fund

additional measures to combat the economic fallout from the coronavirus

pandemic. The government plans to pass the supplementary budget during the

current parliamentary session that runs through June 17.

- Today's local focus will fall on the release of the summary of opinions from

the BoJ's most recent MonPol decision, in addition to 1-5 & 25+ Year BoJ Rinban

operations.