North Korea has fired a missile over Japan, the latest provocative action by Pyongyang following a nuclear test earlier this month.
The missile flew over Japan, landing in the Pacific about 2,000km east of Hokkaido, Japan Chief Cabinet Secretary Yoshihide Suga told reporters in a hastily organised media conference.
“These repeated provocations on the part of North Korea are unpermissible and we protest in the strongest words,” Suga said.
The unidentified ballistic missile reached an altitude of about 770km and flew 3,700km, according to South Korea’s military – far enough to reach the US Pacific territory of Guam.
Meanwhile, Citi’s chief global political analyst, Tina Fordham, told CNBC conflict on the Korean Peninsula could potentially lead to World War III:
While it was impossible to put a number on the scale of the North Korea risk, war games carried out through history have simulated what could happen as a result, said Tina Fordham, managing director and chief global analyst at Citi.
“A conflict on the Korean Peninsula would not only be very disruptive in the region, but could potentially lead to World War III because of the U.S. security guarantee, so it would be internationalized overnight,” Fordham told CNBC’s “Street Signs” on the sidelines of the Milken Institute Asia Summit in Singapore.
Since reaching a record high of $5,014 on September 2, Bitcoin has been on the slide amid a torrent of bad news and a host of experts slamming the crypto-currency. It slumped again on Thursday after after online exchange BTC China halted new account registrations. Bloomberg has the details:
Bitcoin fell for a fifth day, the longest losing streak in more than a year, after one of China’s largest online exchanges said it would stop handling trades by the end of the month amid a government crackdown on cryptocurrencies.
BTC China will immediately stop accepting new account registrations on its BTCChina Exchange, Chief Executive Bobby Lee said Thursday in a tweet. The decision was made after “carefully considering” the Sept. 4 announcement by Chinese regulators that outlawed initial coin offerings, he said.