Russian wealth fund to buy Japan stocks,JGBs-finmin

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TOKYO, Feb 10 (Reuters) - Russia's sovereign wealth fund plans to buy Japanese securities, including shares and government bonds, Finance Minister Alexei Kudrin said on Sunday.

"We are interested in Japanese government bonds and Japanese firms' stocks," Kudrin told Reuters after a meeting with Japanese Finance Minister Fukushiro Nukaga.

Late last month Russia split its $157 billion oil stabilisation fund into a $125 billion Reserve Fund, which will cushion the budget from a fall in international oil prices, and a growth-oriented $32 billion National Wealth Fund, or sovereign wealth fund.

Moscow has given Russia's Finance Ministry until Oct. 1 to design an infrastructure for the sovereign fund's investment. Until then money in the fund will be invested in sovereign or government agency bonds rated not lower than "AA-".

Kudrin, whose comments were translated by an interpreter, said it would be up to experts to decide which shares the fund would buy.

"Norway has a similar fund and we will take their experience into account when operating our fund," Kudrin said.

Kudrin attended part of the discussions at a meeting of Group of Seven finance ministers and central bank governors as well as a working dinner of finance ministers from the G7 and China, Indonesia, South Korea and Russia on Saturday. (Reporting by Yoko Nishikawa and Hideyuki Sano; Editing by Alan Raybould)