Japan's financial watchdog said it requested Mizuho Financial Group Inc. and its banking arm Mizuho Bank to submit a work plan for system maintenance after a series of system failures this year, in a rare move to effectively oversee the system of a major bank, Kyodo News reported. The Financial Services Agency made the request as part of its business improvement order issued amid lingering concerns over the security of the financial group's system after it experienced seven failures this year.
According to Teikoku Databank, the number of bankruptcies in Japan resulting from COVID-19 (including companies with liabilities of less than ¥10 million and individually run businesses) reached 2,000 as of noon on Sept. 3, 2021, nippon.com reported. Liabilities from the bankruptcies totaled ¥620.6 billion, with 58.2% (1,163 bankruptcies) involving liabilities of less than ¥100 million. The first bankruptcy related to the pandemic was confirmed on Feb. 26, 2020. Following that, 500 bankruptcies were confirmed as of Sept. 8 of that year; 1,000 as of Feb.
The ancient capital of Kyoto has long been a tourist mecca, attracting domestic and international travelers to its World Heritage-designated temples, shrines and rock gardens, The Japan Times reported. For centuries, Kyoto, home of the emperor, was a forbidden city, inaccessible to the outside world. Foreign travelers passing through Japan in the 17th through the 19th centuries were not allowed to step foot in it.