As can be seen on this page:
http://svn.wikimedia.org/viewvc/mediawiki/trunk/phase3/includes/specials/SpecialRecentchanges.php?view=markup#l535
It does:
wfMsgForContentNoTrans( 'recentchangestext' )
Which for example causes the page on Meta ( http://meta.wikimedia.org/wiki/Special:RecentChanges?uselang=pt ) not to be translated as defined there ( http://meta.wikimedia.org/wiki/MediaWiki:Recentchangestext/pt ).