Markets

Abe seeks Trump visit after Kim talks

Abe seeks Trump visit after Kim talks

Ahead of the summit - the first between a sitting USA president and a North Korean leader - Pompeo praised Trump and also continued to soften the administration's stance on the nuclear-armed country, saying Sunday that the two nations share common goals.

North Korean state media reported over the weekend that the country had scheduled the dismantlement of its nuclear bomb site for later in May.

Abe wants to hear directly from Trump about what was discussed at the U.S.

Put it all together and you see a "deal" in which North Korea gives up missiles that can reach the US, gets rid of chemical and biological weapons, and perhaps limits some ability to manufacture new nuclear weapons.

South and North Korea reportedly plan to conduct high-level talks this week as the estranged nations work towards a peace deal, the South Korean Unification Ministry said.

The North has said it needs nuclear weapons to counter what it believes is a US effort to strangle its economy and overthrow the Kim government. "That's our objective, that's the end state the president has laid out and that's the mission that he sent me on this past week, to put us on the trajectory to go achieve that".

Pompeo added that the U.S. "will have to provide security assurances" to Kim as well. That doesn't mean we shouldn't try or that we should open up the national checkbook as President Trump appears ready to do.

Trump's recent rhetoric has on North Korea has become much softer as in recent months, swinging from taunting the DPRK leader on Twitter by calling "rocket man" last November to calling him "very honorable" on April 25. Observation and research facilities and ground-based guard units will also be removed, the North said. Pompeo praised this as "one step along the way". We have a long way to go in securing a denuclearized North Korea, peace in the Middle East and the return of more Americans unjustly held overseas, but this week was an important step and one we should all reflect upon.

I would also say the following. "It means getting rid of the uranium enrichment and plutonium processing capabilities". I think we need to look at their chemical and biological weapons programs as well.

Pompeo said Trump is in a unique position.

"The prospect for North Korea is unbelievably strong if they'll commit to denuclearization".

But despite Abe's wishes, a senior Japanese official said it would be "unthinkable" for a US president to bother stopping in Japan on a return trip from Singapore.

"This will be Americans coming in - private sector Americans, not the USA taxpayer - private sector Americans coming in to help build out the energy grid", he said.

South Korea has said Kim has shown an interest in dealing away his nuclear weapons in return for economic benefits.