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prensaestatal.com Setiembre 22, 2017


In Japan : Government deploys missile defence over N. Korea threat to Guam

12 Agosto 2017, 04:22 | Dolorita Barahona

North Korea's Ruling Family Through the Years Getty Images

North Korea's Ruling Family Through the Years

The US military has said it plans to increase its presence on the island and will move thousands of Marines now stationed in Japan to the territory between 2024 and 2028.

Tokyo's blue-chip index tumbled 1.3 per cent to its lowest close since late May after the Dow's winning streak of nine straight records ended following Trump's sharp rhetoric of "fire and fury", with the main European bourses also opening lower yesterday.

North Korea said it was finalising a plan to fire medium-to-long-range rockets towards Guam, where United States strategic bombers are based, along with more than 160,000 USA citizens.

Hedge funds bought South Korea's five-year credit default swap, sending the cost of protection against the country's inability to pay back loans up 8.63 percent to 62.74, its highest since June 2016.

Traditional safe-haven currencies including the Swiss franc and Japanese yen rose against the United States dollar.

USA trading volume has been low with summer setting in and Congress expected to be in recess until September 5.

Bombers "deployed from Guam frequently come flying in the skies over South Korea and explicitly carry out drills for actual war", Pyongyang said in its recent statement, calling Guam "the United States' outpost and starting base for invasion".

Clarissa Baumgartner, a 25-year old Guam resident, said Pyongyang's second threat in as many days to train its ballistic missiles on Guam wasn't something she was taking too seriously.

Analysts said Beijing is the bigger factor around the North Korea tensions since more than two thirds of the rogue state's trade is with China.

The CBOE Volatility Index, the most widely followed barometer of expected near-term US stock market volatility, hit its highest mark since November 8, when Trump was elected president.

In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months. The euro zone's version is at its highest since April, when France's election was rattling the region.

The decline followed overnight losses on Wall Street.

North Korea's military said its threat to envelop Guam with fire was meant as a warning to Washington that its extensive military assets on the Pacific island were at risk, discouraging any notion of using precision strikes against Pyongyang's nuclear program.

Padilla was also confident that there "is still a lot of room for dialogue" to thwart the North Korea's plan. "Pretty remarkable, perhaps even extraordinary, considering", said Tim Ash, strategist at fund manager BlueBay.

The Russian dollar-traded index RTS was down 1.49 percent, and ruble-traded MICEX fell 1.29 percent by midday.

Purisima said the OCD would also coordinate with concerned government agencies to ensure the safety and security of the Filipino people, should the Philippines get hit by the forthcoming attack by North Korea against the US.

According to ING's chief Asia economist Robert Carnell, the whole situation resembles a new Cuban Missile Crisis.

Gold prices, which hit a two-month low on Thursday, were steady at $1,286.31 an ounce, after surging over 2 percent in the past two sessions.

Silver gained 47 cents, or 2.9 percent, to $16.86 an ounce. Brent crude, used to price worldwide oils, gained 56 cents to $52.70 in London.



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