Improvement order likely for Mizuho

Japan's Financial Services Agency is making final coordination to issue a business improvement order against Mizuho Financial Group and its banking unit following a series of system glitches.

Mizuho Bank has experienced a series of system failures since late February.

Officials want the bank to report in detail how it has checked its systems and made revisions to them. They plan to continue to inspect the bank to verify the cause of the trouble.