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Japan's Nikkei soars; Other stock markets stall
Jan 4th 2013, 09:27

BANGKOK (AP) — Japan's benchmark stock index soared on its first trading day of the new year Friday, as investors reacted to a weakening yen and Washington's temporary skirting of the so-called fiscal cliff. But other world markets stalled as enthusiasm faded over the last-minute budget deal reached in Washington to avoid steep, automatic tax increases and spending cuts that would have taken effect Tuesday. The measure, however, was largely seen as crisis avoidance — and puts off hard decisions about how to...

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