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Japan's payments network disrupted, banks, customers suffer

Christian Fernsby |
At least 11 banks in Japan suffered interruptions on Tuesday due to disruptions in the country's payments clearing network.

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Following the disruption, the Japanese Banks' Payment Clearing Network said it was unclear what went wrong and when the problem would be fixed.

The disruption has impacted fund transfers at 11 banks, affecting their customers.

According to Tokyo-based Kyodo News, this was the first time that bank customers were impacted by a system problem since the network was launched in 1973.

MUFG Bank, Resona Banki and JPMorgan Chase Bank are among those hit by the failure.


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