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SOUTH KOREA-Kishida & Yoon Hold Call Following NK Missile Launches

JAPAN

Yonhap news reporting that Japanese PM Fumio Kishida and South Korean President Yoon Suk-yeol held a 25-minute phone call today regarding the recent spate of missile launches by the North Korean military.

  • North Korea has engaged in a record number of missile launches in 2022, with another two short-range ballistic missiles fired into the Sea of Japan (but outside Japan's EEZ) earlier today. As noted in our 2325BST bullet from 5 October, there are concerns that the sustained missile launches could be a prelude to a nuclear test.
  • The North has not engaged in a nuclear test since 2017, and launching one at this point would raise tensions on the Korean peninsula to multi-year highs.
  • Yoon and Kishida have both talked up improving relations between their two nations, but there remain legacy issues hanging over from WWII that continue to hinder a major improvement in bilateral ties.
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EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskBank of Japan (BOJ) Market NewsEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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