Why do some proponents of sovereign debt claim that Japan has "no fear of default"? Japan's government debt is issued in yen (its own currency). The emperor of Japan has historically committed his personal assets to back government debt About 50% of the outstanding Japanese debt is owned by the Japanese central bank Answer choices 1 and 3 are correct Answer choices 1, 2, and 3 are correct Why do some proponents of sovereign debt claim that Japan has "no fear of default"? Japan's government debt is issued in yen (its own currency). The emperor of Japan has historically committed his personal assets to back government debt About 50% of the outstanding Japanese debt is owned by the Japanese central bank Answer choices 1 and 3 are correct Answer choices 1, 2, and 3 are correct