Ninja Tricks vs Iron Will (L5R rules board)

A topic from AEG's L5R CCG Rules forum, copied for Oracle of the Void from a copy of the forum saved in October 2015, so pages it didn't save are missing. Players' names are left out; the rules officials are named. Rulings are as they stood on these dates; later rulings, the rulebooks and the Rules Archive may differ.

A player, 5 April 2012

I have Ninube Shiho by itself at a battlefield. I announce that I will take Shiho's action, and the enemy player reacts with Iron Will. If I react to Iron Will with Ninja Tricks paying the 1g and bowing Ninube Shiho, do the effects of Shiho's action continue because Shiho was straight when it was announced at the beginning of this sequence? If not, please explain why?

Thanks for the information.

Relevant card text and links. Ninube Shiho Battle: Put Shiho on top of your Dynasty deck and target an enemy Personality: Put all cards without attachments in his unit on the bottom of their owners' appropriate decks.

Iron Will Reaction: After another player targets your Paragon with a Battle action performed by a Personality with lower Personal Honor: The action's costs are ignored and its effects are negated. That player may take an additional Battle action.

Ninja Tricks Reaction: After an action on a Strategy is announced, bow your performing Ninja Personality at the current battlefield: Negate the action's effects. Lose 2 Honor.

Brook Cunningham (rules official), 5 April 2012

I have Ninube Shiho by itself at a battlefield. I announce that I will take Shiho's action, and the enemy player reacts with Iron Will. If I react to Iron Will with Ninja Tricks paying the 1g and bowing Ninube Shiho, do the effects of Shiho's action continue because Shiho was straight when it was announced at the beginning of this sequence?

Yes, that's right.

On: Ninja Tricks, Iron Will, Ninube Shiho