March 17, 2011

Mizuho Bank shutdown ATM withdrawals all over Japan

Mizuho Bank, Ltd. (みずほ銀行 Mizuho Ginkō), in Chi...Image via Wikipedia
Mizuho, the second-largest financial services company in Japan, has just locked out its customers from accessing their cash.
From Reuters: "Mizuho Bank said on Thursday that all of its automatic teller machines (ATM) throughout Japan have stopped working. The bank did not immediately give a reason for the outage." One can only hope that the most recent ¥5 trillion injection was sufficient to keep the liquidity in the banking system online. Alas, should the Mizuho situation not be promptly fixed, we anticipate more injections from the BOJ before the night is out.
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