Tokyo Returns After Late Softening Last Week

JGB futures drifted lower in the final overnight session of last week, shedding 10 ticks come the closing bell, although that still represented a recovery from worst levels, as the contract managed to latch on to the late uptick in Tsys.

• After hours saw the Japanese government note that it won't be able to balance its budget until the fiscal year ending March 2030, at the earliest.
• The BoJ's August Rinban plan, released after hours on Friday, revealed no changes in purchase ranges/numbers of operations vs. July.
• 1-3 Year Rinban ops and final GDP/m'fing PMI readings are due on Monday.