Pedestrians are reflected on a quotation board of the Tokyo Stock Exchanges in Tokyo on May 16, 2013. - 

While the Bank of Japan says it will continue its current level of stimulus, it’s indicated that additional measures are unlikely. Yesterday, America's central banker, Ben Bernanke, told Congress that the Federal Reserve could taper off its stimulus sooner rather than later. Mix in some downbeat manufacturing numbers out of China and you get today’s grumpy global markets.

The BBC's Rupert Wingfield-Hayes joins Marketplace Morning Report host David Brancaccio from Tokyo to discuss.

Audio Extra: Chris Low of FTN Financial explains the ripple effects of falling stock markets in Japan.


Audio Extra: Diane Swonk of Mesirow Financial discusses whether quantitative easing is enough to buoy Japan's economy in the long-term.