Based on the WCDM screen below, which answer most accurately describes what is so unusual about Japan's data in terms of overall default risk on their debt?

• Japan has the worst debt to GDP ratio of all the countries shown and yet they have a very low CDS price, a very high credit rating and a low cost of borrowing.
• Japan has the best debt to GD ratio of all the countries shown and yet they have a very high CDS price, a very high credit rating and a high cost of borrowing.
• Japan has the worst debt to GDP ratio of all the countries shown and yet they have a very low CDS price, a very high credit rating and a high cost of borrowing
   

Region D Italy Greece Iceland Debt USD Debt (MM) 2,637,812 375,234 23,483 263,573 1,472,897 237,953 226,926 25,030,926 1,209,004 2,885,508 2,787,707 4 Israel 9 Spain Portugal D Hong Kong United States 9 Canada 10 United Kingd 10 France 17) Australia 10 Ireland 14 New Zealand 19 Belgium 10 Finland 17 Switzerland 10 Japan 190 Sweden 20 Germany 20 Austria 23 Norway 23 Netherlands 20 Denark 29 Singapore CDS 5 Yr Time CHAN 89.22 06/30 74.92 06/30 63.33 06/30 54.51 06/30 49.97 06/30 46.03 06/30 38.71 06/30 34.03 06/30 28.22 06/30 596,873 191,164 103,710 533,506 176,430 105,362 8,746,300 82,128 27.04 06/30 25.96 06/30 5.21 06/30 24.95 06/30 24.23 06/30 23.87 06/30 18.96 06/30 18.02 06/30 2,518,547 365,644 99,830 434,828 96,166 427,809 16.00 06/30 14.83 06/30 14.42 06/30 13.00 06/30 12.67 06/30 12.09 06/30 11.59 06/30 Ratings Foreign LT Moody's Fitch Baa3u BBBu BB+ *Chg S&P -0.30 BBBu +3.03 BB+ -1.43 A -0.67 AA- +2.69 Au +1.14 BBB+u +0.60 AA+ +0.03 AA+U -1.02 AAA -1.69 AAu +2.41 AAu -1.91 AAAu +0.16 AA -1.42 AA+ +3.94 AAu -8.16 AA+ -2.75 AAAu +0.03 Au +1.75 AAAu -3.74 AAAu -3.67 AA+ -9.11 AMA -7.29 AAAu -12.03 AMAU AAAu Ba3 A2 A1 A A+ A-u BBB+u AA- AAAu Aaa AA+u Aa3u AA-u Aa2u AA-u Aaa AAAu Aa3 AA- AA+ AA-u AA+ AAAu Au AAAu AAAu AA+u AAAu AAAu Baal Baa2 Aa3 .. Aaa Aa3 Aal Aaa Aaau Aal Aaa Aaau Aaau AM AAAu Currency USD Price Time %Chg 1.0909 06/30 +0.40 1.0909 06/30 +0.40 136.2575 06/30 -0.58 3.7042 20:02 -0.14 1.0909 06/30 +0.40 1.0909 06/30 +0.40 7.8365 06/30 -0.02 1.000 1.3242 06/30 -0.08 1.2703 06/30 +0.71 1.0909 06/30 +0.40 .6664 06/30 +0.72 1.0909 06/30 +0.40 .6125 06/30 +0.90 1.0909 06/30 +0.40 1.0909 06/30 +0.40 8956 06/30 -0.42 144.31 06/30 -0.32 10.7977 06/30 -0.73 1.0909 06/30 +0.40 1.0909 06/30 +0.40 10.7373 06/30 -0.58 1.0909 06/30 +0.40 6.8243 06/30 -0.44 1.3524 06/30 -0.30 IR ST GDP Deb Rate Debt GDP 3.71 3.71 8.90 4.82 3.71 3.71 4.97 5.53 5.39 5.38 3.71 4.36 3.71 5.70 3.71 3.71 -.75 .07 3.79 3.71 3.71 3.71 4.09 131.95 143.64 44.21 53.46 109.32 96.47 10.64 136.22 91.13 113.09 114.99 62.17 25.19 34.87 119.50 82.11 31.70 264.00 29.96 59.62 67.92 37.00 46.26 31.54 136.83 1x La