Russia does not intend to limit investment in Japan's state debt despite a devastating earthquake and tsunami that threatens to slow down the country's economic recovery, Russian Finance Minister Alexei Kudrin said on Wednesday.
"Japan does not raise doubts about the quality of its assets even in such situations," Kudrin told reporters.
Japan's public debt runs at twice the size of its $5.3 trillion economy but Kudrin said it was not enough to deter Russia from investing.
"We have some doubts, but they are not of the sort that limits our investment," he said.
Kudrin has said that the catastrophe was likely to shave 2-3% off Japan's economic growth but it would not have a strong impact on the global economy.
A 9.0-magnitude earthquake struck the east Japan coast on Friday, sparking a powerful tsunami. A series of aftershocks have since caused blasts and fires at the Fukushima Nuclear Power Complex, raising fears of a nuclear meltdown and causing what Prime Minister Naoto Kan said was the toughest crisis in Japan's 65 years of post-war history.
MOSCOW, March 16 (RIA Novosti)