Japan Bank Fund Transfer System Restored After Two-Day Glitch
- Outage disrupted remittances at 11 lenders including MUFG
- Government had urged operator to repair system quickly
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Japan’s domestic interbank fund settlement system resumed normal operations on Thursday following a two-day glitch that disrupted millions of transactions.
The Zengin System was restored and expected to restart at 8:30 a.m. local time, its operator said in a statement. The trouble had hit 11 banks since Tuesday morning, prompting lenders including Mitsubishi UFJ Financial Group Inc. to ask customers to use accounts at rivals to move money.