To Market, To Market

Asia’s financial markets have largely shrugged off news of North Korea’s nuclear testing gambit. They just don’t appear to believe that the communist state’s latest machinations are the major threat to regional, let alone world, peace that screaming news headlines across the planet suggest. In Japan, perhaps more nervous than even South Korea about Kim…

And Now What?

North Korea’s first underground nuclear test, conducted on 9 October in the northern mountainous section of the country, was evidently spurred by two imperatives – the need to shock Washington into accepting its demand for one-on-one talks ahead of the November congressional elections in the US and signs of rapprochement between China and Japan following…

Backfire

When North Korea fired seven ballistic missiles on July 5, the nation most acutely embarrassed was neither Japan nor the United States, the two countries they were intended to intimidate. Rather it was South Korea, North Korea’s closest neighbor and main source of economic sustenance for the past 10 years. Beyond that, the North’s provocation…