Japan and South Korea should take the lead in improving relations and the U.S. will do whatever it can to help defuse tensions between its two main Asian allies, Ambassador to Japan Caroline Kennedy said.
North Korea rejected the South’s offer for talks on holding regular reunions of families separated by the Korean War, saying the mood for dialogue doesn’t exist, the Unification Ministry in Seoul said.
Emerging-market stocks fell the most in a month as Russia’s threat to invade Ukraine spurred the worst selloff in the Micex Index since 2008 and sent the ruble tumbling even as the central bank raised interest rates.
North Korea fired two short-range ballistic missiles after it launched four into the sea off its eastern coast last week, escalating tensions as the U.S. and South Korea entered the second week of joint military drills.
The Ukraine crisis jeopardizes President Barack Obama’s efforts to enlist Russia’s cooperation on a range of issues, including seeking an end to Syria’s civil war, halting Iran’s nuclear ambitions and facilitating the withdrawal of U.S. and allied forces from Afghanistan.