In general, this refers to the case where the developing country’s external debt accumulates and the debtor does not fulfill its contractual repayment obligations. There are two types of default: when a creditor declares to a debtor, and when the debtor refuses to pay.
Japanese says “Sai mu fu ri ko”.
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default on a debt in Kanji
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He won several gold and silver awards in Japanese-calligraphy (Shodo). He loves Sushi and Sashimi. Having practiced calligraphy since childhood, his father was qualified as a teacher. Aokage(青景) comes from the blue landscape like the sea, the clear blue sky. And the blue shadow. Shadow means a ninja.
