Image: Reuters Berita 24 English - On Tuesday, Japanese Finance Minister Shunichi Suzuki said that it was "a little hard" to say f...
 |
| Image: Reuters |
Berita 24 English - On Tuesday, Japanese Finance Minister Shunichi Suzuki said that it was "a little hard" to say for sure what effect Russia's debt default would have on Japan at the moment.
Suzuki talked about the issue after reporters asked him about it at a news conference after a regular cabinet meeting. He also said that changes in Russian government bonds are unlikely to have much of an effect on Japanese investors.
"Japan's investments in Russia are a small part of its overall investments in foreign bonds," Suzuki said.
"Movements in Russian government bonds are likely to cause Japanese investors, like banks, only small direct losses," he said.
Monday, the White House and the credit agency Moody's said that Russia had stopped paying its international bonds for the first time in more than 100 years.
The Kremlin has said that it hasn't stopped paying its external debt because it has the money to do so thanks to oil and gas sales.
