TOKYO, Oct 30 (Reuters) - Japan's Nikkei share average
rose to a record high on Thursday, shaking off early weakness,
as investors awaited the Bank of Japan's latest policy decision.
Japanese government bond (JGB) yields climbed, mirroring
moves in U.S. Treasuries. The yen strengthened slightly
to 152.56 per U.S. dollar, stabilizing after a 0.3% drop in the
previous session.
The tech-heavy Nikkei added as much as 0.4% to reach
51,513.66 for the first time, before last trading at 51,417.50.
The broader Topix gained 0.4% to 3,290.03.
The BOJ is widely seen leaving policy unchanged later in the
day, with traders focused on any signs that an interest rate
hike might be coming at the next meeting in December or the
following one in January.
The policy announcement doesn't have a set time, but
generally comes between 0330 GMT and 0500 GMT.
The two-year JGB yield rose 1 basis point to
0.95%, matching the level reached on October 1, which was the
highest since June 2008.
Other cash JGB tenors had yet to trade.
Benchmark 10-year JGB futures declined 0.22 yen to
135.91 yen. Yields rise when bond prices fall.