Lead March JGB futures are little changed after the Bank of Japan's closely-watched Tankan survey of business sentiment showed large Japanese companies more pessimistic about business conditions; the contract is currently up 0.01 at 144.41. Mitsubishi UFJ Morgan Stanley Securities senior fixed-income strategist Naomi Muguruma says the market is likely to be a mix of buying and selling as players adjust positions and take profits ahead of the general elections this weekend, and as others look to buy on dips. The benchmark 10-year yield is flat at 0.725%.
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