TOKYO, June 12 (Reuters) - Japanese government bonds

rose on Thursday, underpinned by the overnight rally in U.S.

Treasuries, while the market cautiously awaited the Bank of

Japan's (BOJ) plans on bond tapering.

The 10-year JGB yield fell 1 basis point (bp)

to 1.445% by the midday break.

Yields on U.S. Treasuries declined for the third straight

day on Wednesday as positive news on inflation and U.S.-China

trade relations boosted investor demand.

Yields move inversely to prices.

"As investors saw little market-moving cues today, the

yields simply tracked U.S. Treasury yields' declines," said

Masahiro Yamaguchi, head of the investment research department

at SMBC Trust Bank.

"The attention is now on how the BOJ would proceed with its

bond buying operations going forward."

After long-term yields scaled record peaks last month, the

market has focused on whether the BOJ would maintain or slow

down the current pace of tapering.

At its two-day meeting ending June 17, the BOJ is expected

to make no big changes to the current taper plan and consider

slowing the pace of tapering from the next fiscal year.

The 20-year JGB yield shed 1.5 bps to 2.365%

and the 30-year JGB yield lost 1.5 bps to 2.9%.

The five-year yield fell 1 bp to 1.005%.