Japanese investors are set to suffer losses on part of the 191.5 billion yen worth of yen-denominated “samurai” bonds issued by the Argentine government due to its declaration of a default on its $132 billion debt, according to industry officials.

A total of 50,000 individuals, banks and companies have purchased the huge sum of bonds Argentina began issuing in Japan in 1996 in four installations, the officials said Tuesday.

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