Japan to work with U.S for punishing N. Korea

8 years ago by in Featured, Korea

north korea nuclearJapan suggested to the United States on Thursday to start working together on imposing fresh financial sanctions on North Korea, after the latter conducted its third nuclear test on Tuesday, defying the global opposition.

Prime Minister Shinzo Abe, who talked over the phone on Thursday with the United Stated President Barack Obama, hopes to settle measures to strictly control money flow to North Korea, at a meeting the two political leaders will have in Washington next week.

Japan expects the United States to ban transactions with financial institutions that have close connections with North Korean nationals or organizations, Kyodo news agency states. Japan could then support Washington’s sanctions by shutting out such institutions from its financial market.

Meanwhile, N. Korea says it is “fully prepared for both sanctions and war”. The underground nuclear test was “a decisive step for self-defense to cope with the high-handed hostile actions of the U.S. and its allies,” said the Rodong Sinmun, the official newspaper of the ruling Workers’ Party of Korea, according to the official Korean Central News Agency.

“The military and technological superiority is no longer a monopoly of the imperialists. Gone are the days never to return when the enemies could threaten the Democratic People’s Republic of Korea with A-bombs,” it said.