TOKYO, April 2 (Reuters) - Japanese government bond

yields edged lower on Wednesday as investors shifted to the

safety of bonds before the announcement of the latest round of

U.S. President Donald Trump's tariffs.

Trump has billed April 2 as "Liberation Day," which will see

dramatic new duties that could upend the global trade system. A

White House Rose Garden announcement is scheduled for 2000 GMT,

which will be very early on Thursday morning in Japan.

JGB traders were additionally cautious as Japan's finance

ministry is scheduled to auction 10-year bonds on Thursday.

The 10-year JGB yield fell 2.5 basis points

(bps) to 1.475% as of 0556 GMT, the lowest level in about a

month. Yields fall when bond prices rise.

Benchmark 10-year JGB futures rose 0.2 yen to

138.47.

The five-year JGB yield lost 1.5 bps to 1.09%,

a two-week low.

The two-year yield declined 1 bp to 0.845%.

The 20-year JGB yield retreated 2 bps to

2.210%, and the 30-year yield sank 4.5 bps to

2.495%.

Bank of Japan Governor Kazuo Ueda told parliament on

Wednesday that he hopes to exchange views on the fallout from

Trump's global trade barriers at a meeting of G20 finance

ministers and central bankers later this month in Washington.

Goldman Sachs cut its year-end forecast for the 10-year JGB

yield to 1.5% from 1.6%, "reflecting the elevated risk of U.S.

recession" owing to Trump's tariffs.

"The rising risk of such an outcome is likely to impact

market pricing of the BOJ, as tighter global financial

conditions weigh on the perceived likelihood of continued

tightening," Goldman Sachs analysts wrote in a research note

dated April 1.