Already international creditors are demanding a special risk premium on loans to Japanese banks.
By the late 1980s, Japan was the main international creditor.
Japan's economic surge has made it the world's pre-eminent international creditor.
Britain has become the second-largest international creditor after Japan, with net overseas assets of $120 billion.
That accord also enabled Argentina to roll over a further $4.4 billion owed to other international creditors.
(The cop, in this case, might be one of our international creditors.)
There are over 100 separate creditors; local, regional and international.
But the president eased up recently after it became clear that France and other international creditors would not resume badly needed aid unless he did.
Their urge for reform is most often constrained by a dependence on international creditors.
"They're going to be coming from the demands of Canada's international creditors."