Japan's legal system does not specifically distinguish between bondholders and other similar creditors. Detail regarding general insolvency can be found at Rules and Regulations>Protection of Investors> Bankruptcy.

Bond documents (e.g., prospectus, term sheets, subscription agreements) may also contain provisions, default and cross-default clauses, specific to the bond issue, providing additional protection to bondholders.

The Asia-Pacific Restructuring and Insolvency Guide, linked below, provides information on creditor rights in Japan.