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Japanese stock exchange employees resorted to fax and phone communication due to a global outage of Microsoft 365 that disrupted email services. The issues began in the U.S. and spread worldwide, affecting trading confirmations. Japanese firms faced challenges, with some suspending new orders and delaying price announcements. Government systems were also impacted, forcing employees to revert to paper documentation. The outage affected multiple countries, including disruptions in banks and courts. Microsoft announced the restoration of services after addressing the underlying issue, which was linked to a faulty update. The incident could result in damages exceeding $7 billion.

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