TOKYO, Aug 23 (Reuters) - Japanese government bond

yields rose on Friday, ahead of Bank of Japan (BOJ) Governor

Kazuo Ueda's speech at the country's parliament, where he is

speaking on the central bank's recent decision of interest rate

rise.

The 10-year JGB yield rose 2.5 basis points

(bps) to 0.895%.

The two-year JGB yield rose 2 bps to 0.375%.

The five-year yield rose 2 bps to 0.505%.

Ueda is speaking at a special session of Japan's parliament

and is discussing the central bank's decision to raise interest

rates last month in a sudden hawkish turn.

The market saw the BOJ's move as a factor in the collapse of

the Japanese stock market earlier this month, where the Nikkei

index logged its biggest single-day drop since the 1987

Black Monday sell-offs on Aug. 5.

The sentiment was eased after the BOJ's influential deputy

governor Shinichi Ueda said the central bank will not hike

interest rates when markets are unstable.