Monday, 21 August, 2017

USA missile shield not certain to protect Guam from North Korea

Reuters Reuters
Andrew Cummings | 11 August, 2017, 00:40

Over the years, North Korea has regularly made incendiary threats against the US, Japan and South Korea, several times threatening to turn Seoul into a "sea of fire". "They will be met with fire and fury like the world has never seen".

"There are many moods on Guam right now", Hartz says.

The Commerce Department said wholesale inventories climbed by 0.7% in June after rising by an upwardly revised 0.6% in May.

North Korea said it was "carefully examining" a plan to strike Guam, which is home to about 163,000 people and a United States military base that includes a submarine squadron, an airbase and a Coast Guard group. It also hosts a terminal high-altitude area defense missile defense (THADD) battery, which targets ballistic missiles like the ones North Korea tested last month.

Stocks around the world fell sharply on Thursday and investors moved into the yen, gold and other safe-haven assets amid more aggressive talk between the United States and North Korea.

"If North Korea commits provocations despite our stern warning, it will face a strong response from South Korea's military and the U.S".

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South Korea and the North technically remain at war as the Korean War ended only with an armistice, not a peace treaty. The North may have also wanted to demonstrate the reach of its medium-range ballistic missiles, he said.

The Pentagon has prepared a plan to launch a pre-emptive strike on the North's missile sites upon a presidential order, to which a B-1B bomber attack from Guam is key, NBC reported Wednesday, citing two senior military officials. "(He) let out a load of nonsense about "fire and fury".

The US Seventh Fleet now has six Aegis ballistic missile defence ships in the region capable of targeting North Korean missiles, and Japan has a further four. Critics included fellow Republican John McCain, head of the Armed Forces Committee in the US Senate, who said Trump should tread cautiously.

US Treasury long-dated yields dropped to six-week lows, pressured by US-North Korea tensions and the weak data that further reduced expectations of an interest rate hike in December. "The closer you get to that, you're stressing the performance of the system", he said.

"Noting that military tension or an armed conflict on the Korean Peninsula will not benefit any country, the NSC standing committee chose to take all necessary steps to ease tension and maintain peace under close cooperation with the United States and other key nations based on the strong joint defense readiness of South Korean and USA joint forces", Park told a press briefing.

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