MUFG, Japan Banks Hit by Glitches in Money Transfer System
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Japan’s online bank transfer system experienced glitches on Tuesday that disrupted cash remittances at MUFG Bank Ltd. and 10 other lenders.
MUFG said the troubles at the Zengin System have prevented some money transfers to other banks. The core unit of Mitsubishi UFJ Financial Group Inc. was also unable to receive funds sent from other lenders, it said.