Markets Shrug Off Latest N. Korea Missile Launch; Busy US Reports Day

The tweet below from NHK says that the missile passed over Japanese airspace.

In the latest test North Korea fired an intermediate range ballistic missile over Japan and into the Pacific Ocean, according to the USA military's regional command, which said the launch did not pose a threat to North America.

Some critics questioned the timing of Seoul's announcement as it came just days after the U.N. Security Council imposed its toughest-ever sanctions on North Korea to punish the country for its sixth nuclear test.

"I had no idea what it was and this loud speaker was playing all throughout the city", resident Matthew Galat said.

Passers-by walk past a TV screen reporting news about North Korea's missile launch in Tokyo on Friday.

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The missile reached an altitude of about 770 km (480 miles) and flew for about 19 minutes over a distance of about 3,700 km (2,300 miles), according to South Korea's military - far enough to reach the U.S. Pacific territory of Guam.

Japanese Prime Minister Shinzo Abe called on the worldwide community to respond with a "clear message" that North Korea should immediately stop its provocative actions.

Friday's launch appears to be in direct response to sanctions the United Nations passed Monday, which banned North Korea's textile exports and cut off about 30 percent of its oil supply.

"In this case in a way it's like ok, this is a logical response in that they don't want to show weakness, I don't think it means a major shift that we're any closer to military confrontation".

China responded saying direct talks with North Korea, not more sanctions, is the way to solve the problem. The launch is the 14th missile test conducted by North Korea in 2017.

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