Japan bank clearing system faces glitches for a second day

Resona Holdings

11/10/2023 24:29

TOKYO, Oct 11 (Reuters) - Japan's bank payment clearing
system is still experiencing glitches that disrupted more than
1.4 million domestic fund transfers the day before, the system
operator said on Wednesday.
    The continued failure, the first major one since the system
was launched in 1973, is likely to cause delays in transfers
from 11 banks including MUFG Bank  8306.T  and Resona Bank
 8308.T , the system unit of the Japanese Bankers Association
said.
    The operator said it is still investigating the cause of the
glitches.

 (Reporting by Makiko Yamazaki; Editing by Christian
Schmollinger)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))