South Korean President Moon Jae-in also convened a National Security Council (NSC) meeting to monitor the security situation and prepare for any new emerging threats from North Korea.
Speaking at Joint Base Andrews, the Air Force installation outside Washington, Trump declared that American military options were robust should they be required to respond to threats from Pyongyang.
"This is another risky, reckless, criminal act by the North Korean regime, threatening the stability of the region and the world and we condemn it, utterly", Australian Prime Minister Malcolm Turnbull said in an interview with Sky News on Friday.
"America and our allies will never be intimidated", Trump said. "This includes the regime of North Korea, which has one again shown its utter contempt for its neighbors, and the entire world community".
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The North Korean state run newspaper Rodong Sinmun on Friday said in an editorial that "If the USA continues to walk on the current course, we will take stronger actions for our self-defense".
"For those who have said and have been commenting about the lack of a military option, there is a military option", he insisted. "Now it is not what we would prefer to do".
Haley said that the United Nations has "strangled their economic situation at this point" but the results of that are going to "take a little time but it has always tried to take effect".
"These repeated provocations on the part of North Korea are unpermissible and we protest in the strongest words", Suga said. "So, having said that, I have no problem with kicking it to (Defense Secretary James) Mattis because I think he has plenty of options".
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North Korea fired a missile on Friday that flew over Japan's northern Hokkaido far out into the Pacific Ocean, South Korean and Japanese officials said, further ratcheting up tensions after Pyongyang's recent test of a powerful nuclear bomb. "There's no military solution here, they got us".
Mattis agreed, saying at the time that "there are strong military consequences if the DPRK initiates hostilities".
The distance was approximately equal to the distance from North Korea to Guam which is home to a United States military installation and is a probable target of Kim.
The United Nations Security Council will meet later Friday on the latest North Korea missile test, diplomats said, at the request of the United States and Japan.
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Business software maker Oracle slumped 6.5 percent after issuing a disappointing forecast for its cloud computing business. Brent oil prices , the global benchmark, held near five-month highs and posted their biggest weekly gain since late July.
The UNSC referred to the latest launch as a "manifest violation" of Security Council resolutions that comes less than two weeks after the DPRK conducted a test of a nuclear device on September 3, and only three days after the Security Council unanimously adopted fresh sanctions against the country. China in turn favors an worldwide response to the problem.The United States and South Korea are technically still at war with North Korea because the 1950-53 Korean conflict ended with a truce and not a peace treaty.