NPR Says Japan's Stock Market Fell in Response to Commitment to Stimulus, WSJ Says the Opposite

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Tuesday, 22 January 2013 05:17

Morning Edition's top of the hour news segment (sorry, no link) told listeners that the Nikkei dropped in response to the Bank of Japan's commitment to support stimulus. The Wall Street Journal said the opposite, pointing out that the bank's asset purchase plans were quite modest. According to the WSJ, the decline in Japan's stock market and rise in the yen was due to the concern that the bank was insufficiently committed to stimulus.