from Zero Hedge:
Update 5: US Secretary of State Tillerson has issued a rather aggressive (towards China and Russia) statement:
North Korea's Missile Launch
North Korea's provocative missile launch represents the second time the people of Japan, a treaty ally of the United States, have been directly threatened in recent weeks.
These continued provocations only deepen North Korea's diplomatic and economic isolation.
United Nations Security Council resolutions, including the most recent unanimous sanctions resolution, represent the floor, not the ceiling, of the actions we should take.
We call on all nations to take new measures against the Kim regime.
China supplies North Korea with most of its oil. Russia is the largest employer of North Korean forced labor.
China and Russia must indicate their intolerance for these reckless missile launchesby taking direct actions of their own.
Update 4: The UN Security Council is set to meet at 4am Saturday Seoul time (3pm ET on Friday)
* * *
Update 3: US Pacific Command has confirmed that its commitment to the defense of Japan and South Korea (via NBC News)
U.S. Pacific Command detected and tracked what we assess was a single North Korean ballistic missile launch at 11:57 a.m. (Hawaii lime) Sept. 14. Initial assessment indicates the launch of an intermediate range ballistic missile (IRBM). The launch occurred in the vicinity of Sunan, North Korea and flew east.
The ballistic missile overflew the territory of northern Japan before landing in the Pacific Ocean east of Japan. We are working with our interagency partners on a more detailed assessment and we will provide a public update if warranted.
The North American Aerospace Defense Command (NORAD) determined this ballistic missile did not pose a threat to North America, U.S. Pacific Command determined this ballistic missile did not pose a threat to Guam. We continue to monitor North Korea's actions closely.
Our commitment to the defense of our allies, including the Republic of Korea and Japan, in the face of these threats, remains ironclad. We remain prepared to defend ourselves and our allies from any attack or provocation.
Update 2: Japanese and South Korean officials have started to respond:
Japanese officials are very unappy (and are seeing much support from their ally in Washington)
- *JAPAN PM ABE HAS RETURNED TO JAPAN FROM INDIA: KYODO (that was quick)
- *ABE: N.KOREA ACT ABSOLUTELY UNACCEPTABLE
- *ABE: N.KOREA THREATENING WORLD PEACE THROUGH PROVOCATION
- *ABE: INTL COMMUNITY MUST SEND CLEAR MESSAGE TO N.KOREA (because "firs & fury" was not clear enough)
- *ABE: IF N.KOREA CONTINUES ON THIS PATH IT HAS NO BRIGHT FUTURE
- *ABE: JAPAN WAS COMPLETELY AWARE OF MISSILE MOVEMENT
- *SUGA: N. KOREA LAUNCH WAS ONE-WAY ACT OF ESCALATION
- *SUGA: MISSILE FLEW 3,700 KM, ALTITUDE ABOUT 800KM
- *SUGA: BELIEVE MISSILE WASN'T LAUNCHED VIA LOFTED TRAJECTORY
- *SUGA: STILL EVALUATING WHAT TYPE OF MISSILE N.KOREA LAUNCHED
Then it seems the South Koreans are gravely coincerned about their stock market more than any existential threat to their citizens...
- *S. KOREA TO STRENGTHEN MONITORING OVER MARKETS ON N. KOREA RISK
- *S. KOREA SAYS N. KOREA PROVOCATION CAN DESTABILIZE MARKETS
- *S. KOREA GOVT TO TAKE FIRM AND SWIFT STEPS ON MARKETS IF NEEDED
And just as we saw yesterday - after US officials noted that North Korea appeared to be preparing for a launch, we suspect we will see Korea's PPT in action soon...