Will Japan default on its public debt in 2016?

With the Nikkei plummeting, the population shrinking, half of state revenues funding interest payments, and Japan's indebtedness the highest in the world (debt/GDP) - Will Japan default on its public debt in 2016?

To be judged on reports from major financial publications including the Financial Times (ft.com) and The Economist (economist.com) - Yes bets will be validated if at anytime in 2016 Japan enters a state of sovereign default or begins a process of sovereign debt restructuring. No bets will be validated if Japan meets all its sovereign debt payment obligations in 2016. In any other unforeseen case, all bets will be refunded.

• debt,
• japan,
• public debt,
• default,
• crash,
• economics,
• 2016

RESOLVED AT 12:58AM, Jan 1, 2017 UTC