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TOKYO, July 29 (Reuters) - Japanese government bond prices edged down on Monday after stronger-than-expected U.S. GDP data, while trading was subdued ahead of the Bank of Japan's policy announcement due this week.
U.S. gross domestic product increased at a 2.1% annualized rate in the second quarter, above forecast of 1.8%, as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build.
Market players expect the BOJ to send dovish messages and it could try to put on a semblance of easing by changing its forward guidance on Tuesday.
However, the central bank looks certain to refrain from rate cuts and other major policy easing given its lack of policy ammunition.
Benchmark 10-year JGB futures dipped 0.04 point to 153.69, with a trading volume of 9,980 lots, the lowest in almost a year.
The 10-year JGB yield rose 0.5 basis point to minus 0.150%, while the 20-year JGB yield rose 0.5 basis point to 0.215%.
The 30-year JGB yield rose 1 basis point to 0.365%.
The benchmark two-year JGB yield was flat at minus 0.215%. (Reporting by Tokyo Markets Team, Editing by Sherry Jacob-Phillips)