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Mitsubishi UFJ Financial Group, Inc. (MUFG; 株式社菱社UFJ) And ャHamshiki Geisha Mitsubishi Yufuji Financharo Gurubo) is a Japanese holding and banking financial services company based in Shioda, Tokyo, Japan.MUFG has assets of about US$2.459 billion as of 2016 and is one of the main companies of Mitsubishi Group. It is Japan's largest financial group and the world's second largest holding company with about US$1.8 trillion (¥148 trillion) in deposits as of March 2011. MUFG's letters come from Mitsubishi and Japan's Munited Financial, the name of a company that has been acquired. company was founded on October 1, 2005, with the merger of Osaka-based Mitsubishi Tokyo Financial Group (MTFG). The group's core banking units, Bank of Tokyo Mitsubishi and UFG Bank, were merged on January 1, 2006, to form MUFG Bank. This integration was scheduled to take place on October 1, 2005, the same day that the parent companies were merged. However, pressure from japan's financial services agency, which wanted to ensure the integration of smooth systems between the two banking giants, delayed the merger of banks for three months. Banking and securities trust units in MTFG and UFJ were merged in accordance with the original schedule of October 1, 2005.