Bloomberg (October 2)
For an entire trading day, a “piece of hardware took down Japan’s $6-trillion stock market,” marking the longest shutdown “since the exchange switched to a fully electronic trading system in 1999.” Besides drawing criticism, the malfunction “shone a spotlight on a lesser-discussed vulnerability in the world’s financial plumbing — not software or security risks but the danger when one of hundreds of pieces of hardware that make up a trading system decides to give up the ghost.”
Tags: Danger, Financial plumbing, Hardware, Japan, Malfunction, Security risks, Shutdown, Software, Stock market, Trading, TSE, Vulnerability
Bloomberg (October 18)
“When Gen Nakatani arrives in Seoul on Tuesday he’ll be the first Japanese defense minister to visit South Korea in nearly five years, signaling that growing regional security risks are trumping the disputes over territory and history that have blighted relations between the countries.”
Tags: Defense minister, Disputes, History, Japan, Nakatani, Security risks, South Korea, Territory
