It is the 16th of November 2019

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North Korea Fires Intercontinental Ballistic Missile; Lands Inside Japan's Economic Zone

Update 2: The Pentagon says initial assessment of North Korean launch "was an ICBM, traveled about 1,000 km before splashing into Sea of Japan," Reuters reports. Separately, Yonhap notes that the North Korea missile reached an altitude of 4,500 km and flew 960km.

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Trump Wanted Japan's "Samurai Warriors" To Shoot Down North Korean Missiles: Report

Ahead of Trump's visit to Asia, there were understandable concerns that a diplomatic snafu was imminent. Those concerns were partially justified after a report from Japan Times according to which Trump said Japan should have shot down the North Korean missiles that flew over the country before landing in the Pacific Ocean earlier this year. The Japanese publications cited sources who claim that Trump questioned Japan’s decision not to shoot down the missiles when he met or spoke by phone with leaders from Southeast Asian countries over recent months to discuss how to respond to the threats from North Korea.

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Japan Prepares For Mass Evacuation Of 60,000 Citizens From South Korea

It won't be the first time that a near-panicked Japan has came close to the edge when it comes to North Korea, and in preparation for an "emergency" was planning to evacuate its citizens located in South Korea. The last such notable spike in escalations took place in April, when as the Yomiuri Shimbun reported at the time, the Japanese government had asked the U.S. to provide advance consultation if it is about to launch military action against North Korea, and "ramped up preparations for emergency situations", including the potential evacuation of some 57,000 Japanese citizens currently in South Korea.

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North Korea Fires Ballistic Missile Which Flies Over Japanese Airspace; VIX, Yen Spike

Update: Japan PM Abe, speaking to reporters in Tokyo after the launch, said North Korea appears to have fired a missile that flew over Japan. According to subsequent reports as many as three separate ballistic missiles may have been launched.

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Bizarro World: JGB Yields Slide After BOJ Tapers

Something strange happened on July 24: on that day the Bank of Japan announced it would reduce the size of its purchases of five-to-ten year JGBs from Y500 billion to Y470 billion. However, instead of yields and the yen spiking, as some had expected would happen, they slumped. And, just as unexpectedly, 10Y JGB yields continued to slump over the next month, despite another reduction in the amount of JGB in the 5-10 year bucket that the BOJ would purchase on August when it further reduced the amount to Y440 billion.

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