I don't know much credence to place in this report, but here it is:
- North Korea’s leader, Kim Jong-un, could take some form of lethal military action against South Korea in the coming months after having shifted to a policy of open hostility, U.S. officials say.
- The officials have assessed that Mr. Kim’s recent harder line is part of a pattern of provocations, but that his declarations have been more aggressive than previous statements and should be taken seriously.
- While the officials added that they did not see an imminent risk of a full-scale war on the Korean Peninsula, Mr. Kim could carry out strikes in a way that he thinks would avoid rapid escalation.
NY Times link for more is here, may be gated.
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While you're here, USD/JPY update, giving back its post-CPI pop:
