Japan financial systems pass Y2K test smoothly - BOJ

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Japan financial systems pass Y2K test smoothly-BOJ

TOKYO, July 2 (Reuters) - The Bank of Japan (BOJ) said on Friday that computer tests in June for trading and settlement systems showed Japan's banking and securities industries were smoothly tackling the millennium bug problem.

The test series was aimed at checking data transfers between various settlement systems and between those systems and their users, the central bank said.

``Year 2000-dated data was transferred through settlement systems and was processed normally, without problems, confirming that efforts to deal with the year 2000 problem were progressing smoothly,'' the BOJ said in a statement.

The BOJ Net, interbank settlement systems, and trading and settlement systems for listed stocks and futures on the Tokyo and Osaka stock exchanges were among those tested, the BOJ said.

Another test is scheduled on July 25 for transfers of data dated February 29, 2000.



-- Sista In 'Da Hood (Sista@Da.Hood), July 05, 1999

Answers

sista,yummm,spoon fed crap is so much sweeter.

-- zoobie (zoobiezoob@yahoo.com), July 05, 1999.

We keep missing the parts where they would be finished, if they release one bit of bad news. Add in Japans already troubled economy and you have an agenda, maybe the agenda this time is painting rosy pictures. Think it woud be the first time?

-- BiGG (supersite@acronet.net), July 05, 1999.

(snip from G.N.) 1999-07-05 10:18:02 Subject: Japan's 12 Power Companies Promise Compliance, Plan to Test in November Link: http://www.yomiuri.co.jp/newse/0705so09.htm Comment: The exam-takers are the exam-writers. The 12 power companies in Japan guarantee the public that they will all pass the November simulations.

If power should fail completely in 2000, Japan would probably lose half its population. It's a good thing that the companies' managers know for sure that this will not happen.

This is from the YOMIURI SHIMBUN (July 5).

* * * * * * * * * * *

The Federation of Electric Power Companies said Sunday there will be a total of 15,000 employees across the industry staying overnight at power plants and offices on Dec. 31 to deal with potential problems caused by the millennium bug, also known as Y2K.

A total of 4,700 staff members at the country's 10 electric power companies, Japan Atomic Power Co. and Electric Power Development Co. have stood by on New Year's Eve in the past.

This year, the federation plans to have 10 percent of the total number of employees within the industry on duty to deal with any Y2K problems that may arise. . . .

The 12 power firms are expected to have completed various trials, including simulations of potential Y2K complications, by November and declare that problems such as power outages will not occur.

However, as any disruption to power supply would have an adverse effect on a large section of the population, the number of power industry employees on duty Dec. 31 will be greatly increased to deal with customer complaints and allow for the manual operation of equipment should the need arise.

Meanwhile, the computer industry is also working hard to deal with potential Y2K problems. NEC, for example, plans to mobilize about 30,000 employees, including engineers and sales staff, on a daily basis over the New-Year period to handle system problems and enquires from customers

Link: http://www.yomiuri.co.jp/newse/0705so09.htm

-- zoobie (zoobiezoob@yahoo.com), July 05, 1999.


QUESTION:

When was the last time that the Japanes divulged a problem that was not already obvious to the world?

Waiting for answer with bated breath.

-- Rick (rick7@postmark.net), July 05, 1999.


what we often interpret as lying,the japanese often see as saving face.Different cultures,different norms

-- zoobie (zoobiezoob@yahoo.com), July 05, 1999.


I got your sista, right here!!

O.J.

Not guilty!! Let's golf.

-- O.J. (OJSimpson@jailhouse.com), July 05, 1999.


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