[Economic column] Russian government bond default?
Russia has been subject to severe economic and financial sanctions from Europe and the United States over the military invasion of Ukraine. There is growing speculation that the Russian government bond may have been dropped to a "speculative rating" and default = default. Government bond defaults indicate that the country's external creditworthiness in the market is lost. How will defaults affect the Russian and global economies? The market is becoming more vigilant. (Akihiro Shiraishi, Reporter, Ministry of Economic Affairs)