Billionaire investor Warren Buffet said Monday that Japan’s earthquake and tsunami, while tragic, do not change the country’s economic outlook. Indeed, he called the chaos and destruction a “buying opportunity” for those who realize the potential behind catastrophe.

After a turbulent week in which Japan’s economy lost more than 10 percent of its value, analysts were saying that stocks looked to open higher Monday morning as the country’s nuclear reactor crisis eased somewhat.

This video is from Reuters, published Monday, March 21, 2011.