Thanks to JC in the comments () for the reminder on this
here
– The Greek government owes about 11.6 billion yen … it’s a ‘Samurai’ bond
– The amount issued was 20 bn yen but the principal has been cut through debt restructuring.
This is a private sector debt. If its missed the ratings agencies will term this a default, whereas the missed IMF payment was not (that was called ‘arrears’ … which if you say it in the right way sounds like it could be Talk Like a Pirate Day!)