Asia Breaking News: Japanese Stocks, Trying to Return to High Gear

wochit news
July 13, 2013 AT 2:51 PM
Concerns over the Bank of Japan?s commitment to so-called quantitative easing ? coupled with fears that the Federal Reserve in the United States would soon end its own bond-buying program ? helped push the country?s stocks into yet another correction. From its May 22 peak, the Nikkei 225 index of Japanese shares fell more than 20 percent by June 13. But then it came roaring back by more than 16 percent on more recent signs that the country?s economy was indeed nearing a turnaround.