TOKYO, Aug 29 (Reuters) - Japanese government bond

yields fell on Thursday as a strong outcome at a two-year bond

auction lifted sentiment.

The yields on two-year JGBs, which are most

sensitive to the Bank of Japan's (BOJ) policy, fell 1.5 basis

points (bps) to 0.355%.

The two-year bond auction received bids worth 5.54 times the

amount sold, the highest ratio since January 2019.

"The strong auction results pushed the yields lower today

but they could see upward pressure as the BOJ board members are

to speak in public by early September," said Miki Den, senior

Japan rate strategist at SMBC Nikko Securities.

"The board members will probably keep the same tone as the

BOJ deputy governor."

BOJ Deputy Governor Ryozo Himino said on Wednesday that the

central bank would adjust monetary policy if economic activity

and prices are likely to meet projections.

The five-year yield fell 1 bp to 0.495%.

The 10-year JGB yield fell 0.5 bp to 0.885%.

Yields on super long maturities rose, with the 20-year JGB

yield rising 2 bps to 1.705% and the 30-year JGB

yield climbing 3 bps to 2.075%.

The 40-year JGB yield rose 3.5 bps to 2.335%.