TOKYO, Nov 27 (Reuters) - Japanese government bond prices rose on Wednesday after the Bank of Japan (BOJ) conducted a regular debt-purchasing operation for monetary policy.
BOJ board member Makoto Sakurai said on Wednesday the central bank would only consider expanding stimulus if overseas risks triggered a financial crisis, suggesting a very high bar to additional monetary easing.
However, the bond market took Sakurai's comments in their stride and rose in line with a bullish rally in fixed income prices in Europe and the United States, which pushed down yields on all but the longest-dated tenor.
Benchmark 10-year JGB futures rose 0.19 point to 153.51, with a trading volume of 14,567 lots.
The 10-year JGB yield fell 1 basis point to minus 0.110%.
The 20-year JGB yield fell 2 basis points to 0.235%.
The 30-year JGB yield fell 2 basis points to 0.390%, while the 40-year JGB yield was unchanged at 0.440%.
The five-year yield fell 1 basis point to minus 0.210%.
At the short end of the yield curve, the two-year JGB yield fell 0.5 basis point to minus 0.195%. (Reporting by the Tokyo markets team, Editing by Sherry Jacob-Phillips)