What language is this?

From: tgpedersen
Message: 14858
Date: 2002-08-31

Inscription in runic alphabet on wooden object, found in Vimose bog,
Fyn:
talijo [hole] gisaioj:wilizhlas??
reverse:
tkpis:hllauno:an regu

belt buckle, approx 200 CE
aadagasu
laasauwija

Is this Germanic or what? If not, then what?

Torsten