A Nov. 6 service interruption at Shinkin Joint Center blocked cash withdrawals for customers at 128 Japanese credit unions and also disrupted transactions in Japan’s Tokai region.
Tokai was also affected: ATM deposit processing and over-the-counter transactions were disrupted. By 5 a.m. ET (10:00 UTC) on Nov. 6 — 7 p.m. Japan Standard Time — service had resumed at various banks.
AI-related equities were retreating more broadly as the outage occurred. Japan’s Nikkei 225 posted a 7% drop on Nov. 6, while South Korea’s KOSPI lost 6%.
