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Economy

Mizuho's top leadership to resign after regulator slams response to system crashes

Japan finance watchdog hits bank with business improvement order

Mizuho Financial Group President Tatsufumi Sakai, left, attends a news conference on Nov. 26 with Mizuho Bank President Koji Fujiwara. (Photo by Karina Noka)

TOKYO -- Japan's financial watchdog on Friday urged Mizuho Bank and its parent Mizuho Financial Group to clarify responsibility for eight system failures that disrupted bank operations this year.

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