Posted on 10/11/2023 5:05:21 AM PDT by dynachrome
The Japanese Bankers Association said on Tuesday glitches at its payment clearing network system disrupted more than 1.4 million domestic fund transfers, the first major system failure that the banking group has experienced.
The failure at the system’s relaying computers blocked transfers to and from 11 banks including MUFG Bank, Resona Bank, Yamaguchi Bank and JPMorgan Chase Bank.
A total of 1.4 million transfers from the 11 banks were affected on Tuesday, the operator of the system said. Of those, 1 million were handled by alternative methods, while 400,000 remained unprocessed as of Tuesday evening.
(Excerpt) Read more at reuters.com ...
I recollect the SWIFT network went down about 2 years ago. For about a half-a-day. Made up of about a half-dozen sub-systems, it came back piece by piece.
Interesting times.
The fact that over 71% of the transfers were handled by alternative methods within the day is a PLUS for the Japanese banking system. They believe in checks and balances and alternatives. The Demonrat-Uniparty system running the United States does not.
Maybe the Neocons are mad that Japan won’t cancel its natural gas projects with Russia?
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