A moving image reproduction apparatus that reproduces and displays captured moving image on a display device. An MPU acquires a shake amount, and determines whether the shake amount exceeds a range within which camera shake in the captured moving image can be corrected. When the shake amount exceeds the range, the MPU calculates an interpolated shake amount based on the shake amount such that the interpolated shake amount is within the range. The MPU decides a camera shake correction amount based on the shake amount and the interpolated shake amount. The MPU corrects camera shake using the camera shake correction amount. When the shake amount does not exceed the range, the MPU decides the shake amount as the camera shake correction amount, whereas when the shake amount exceeds the range, the MPU decides the interpolated shake amount as the camera shake correction amount.