JGB futures have edged higher, and last sit....>

JGBS: JGB futures have edged higher, and last sit 9 ticks better off, within the

recent range.

- Yields sit a touch lower across the curve, with the long end leading.

- BoJ's Suzuki added little to the policy discussion in the initial part of his

latest address. Later in the day he suggested that there isn't a need for

further easing at present, that the BoJ isn't at the reversal rate yet (although

it may not be far off) and that there is no need to be "extremely strict" re:

enforcing the permitted 10-Year JGB Yield range.

- The local economic docket is full tomorrow, with labour market data,

industrial production, retail sales & Tokyo CPI all due. Elsewhere, the BoJ will

conduct 1-10 Year Rinban operations, with growing speculation re: the

possibility for an adjustment to the size of its 5-10 Year purchases owing to

the recent moves in yields (10-Year yield at -0.281% for reference).