Therefore, it is natural to think that low inflation in Japan also is attributable to factors that are unique to Japan. The Background to Relatively Weak Price Developments and Their Outlook I will elaborate on the relationship between economic activity and prices in Japan.
In Chad, for example, collateralisation also made debt restructuring more complex since it reduced the room for manoeuvre for sovereign borrowers 3. We can also think of the problems recently faced in Argentina, where bondholders refused to accept restructuring terms. Data from the World Bank shows that the region’s foreign currency-denominated debt as a share of total debt reached approximately 60% in 2017.