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Amid Island Dispute, S.Korea, Japan Let Currency Swap Deal Expire

Posted October 9th, 2012 at 2:20 am (UTC-5)
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South Korea and Japan have agreed to reduce the size of their currency swap arrangement, amid a long-standing dispute over a group of islands. The two Asian powers cited improved financial market stability in announcing they will allow the temporary expansion of the deal to expire at the end of the month, as scheduled. South […]

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North Korea Says Its Rockets Could Hit Continental US

Posted October 9th, 2012 at 12:30 am (UTC-5)
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North Korea is warning that its rockets are capable of striking the continental United States, two days after Seoul said it signed a deal with Washington to allow South Korea to extend the range of its ballistic missiles. A spokesperson for the North’s National Defense Commission said in state media Tuesday Pyongyang has “strategic rocket […]

Tags: , Posted in East Asia Pacific