Shinkin banks from Tokai west, all the way to Kyushu. A system failure on a Friday afternoon.
ATMs: OFF
Teller counters at 3,430 branches: OFF
Internet banking: OFF
Transfers to other banks: OFF
Fully unavailable. The money is still in the accounts. Customers can't get it out.
→ 27 banks hit in Kansai and Tokushima alone
→ ALL 8 in Fukuoka prefecture
→ Seto Shinkin cards blocked even at convenience-store ATMs
→ paper "SUSPENDED" signs stuck on ATMs in Osaka
Not a war. Not a bank run. No sign of a hack.
The suspected cause: broken communications equipment at the West Japan Center of ONE shared system that 236 shinkin banks run on.
One center failed. 128 of those 236 banks froze with it.
As of Friday evening in Japan, still NO time given for a fix.
3 days ago it was Paraguay. 3 million customers locked out of Ueno Bank, $380 million of the state pension fund stuck inside.
Now it's 128 banks in Japan.
The financial lockdown is getting BIGGER.
Paraguay got no warning. Japan got no warning. Follow me today, or you'll wish you had when your own bank's screen goes dark.