Mizuho Bank Hit By Another System Glitch
The president and CEO of Mizuho Bank says about 300 money transfers were delayed on Thursday and Friday due to a system failure.
Fujiwara Koji made the announcement at a news conference on Friday night. He said the trouble at the Japanese bank began at 11:39 p.m. on Thursday due to a hardware failure.
He said the mechanical function was recovered at 6:38 a.m. on Friday, and all transfers were processed before 8 p.m. He added that the affected remittances were denominated in foreign currencies and mainly requested by companies.
Fujiwara apologized for the trouble, noting that it follows a series of other problems.
He said his biggest responsibility is to comprehend the problems, identify the cause and take thorough measures to prevent a recurrence.
A major system failure at Mizuho on February 28 affected about 80 percent of its ATM machines nationwide. On March 3 and 7, the bank experienced partial failures of its ATMs and internet banking system.