TOKYO, Nov 12 (Reuters) - Japanese government bond (JGB)

yields inched up on Tuesday, tracking a rise in U.S. Treasury

yields during Asian hours, as investors awaited fresh signals on

the outlooks for the United States and Japan.

The 10-year JGB yield rose 0.5 basis point

(bps) to 1%, where it has hovered this week, while 10-year JGB

futures fell 0.05 points to 143.6 yen.

The U.S. Treasury market, whose movement the JGB market

tends to follow, was closed on Monday for a public holiday but

ticked up after trading resumed during Asian hours.

U.S. yields touched multi-month highs last week as the market

priced in a victory by Republican Donald Trump in the U.S.

presidential election, fuelling concerns that his economic

policies could dent the country's balance sheet and stoke

inflation.

That, in turn, has put upward pressure on JGB yields, while a

weaker yen in the wake of Trump's win revived talks of whether

the depreciation could prompt the Bank of Japan to raise

interest rates as soon as December.

However, analysts at Mizuho Securities' fixed income

department believe the recent rise in U.S. yields has been

"somewhat excessive," and believe JGB yields to initially fall

should U.S. yields decline.

"We expect a decline in U.S. rates would also send USD/JPY

lower, thereby quashing expectations of an early BOJ rate hike,"

Chief Bond Strategist Noriatsu Tanji and Market Analyst Yurie

Suzuki said in a report on Friday.

Investors will also be watching Japan's third-quarter domestic

production growth data due on Friday, after a summary of

opinions from the BOJ's October monetary policy meeting showed

policymakers were divided on how soon to hike rates.

The 20-year JGB yield was flat at 1.835%,

while the 30-year yield rose 0.5 bp to 2.25%.

The two-year yield was unchanged at 0.495%,

and the five-year yield edged up 1 bp to 0.65%,

its highest since Aug. 1.