Japanese government bond prices edged lower during the Tokyo morning session, potentially due to position adjustments ahead of Japan's general election on February 8th. The yield on the ten-year Japanese government bond rose by 1 basis point to 2.265%. Foreign exchange research analysts at Nomura commented in a note that media reports strongly favor the ruling Liberal Democratic Party securing a majority in the House of Representatives. These analysts stated, "If the risk scenario of the ruling coalition winning more than a two-thirds majority materializes, it would strengthen Prime Minister Sanae Takaichi's decision-making power and could initially trigger pro-Takaichi trades." They added, however, that reduced pressure for fiscal and monetary easing, which might win support from opposition parties, could gradually stabilize Japanese government bonds.