| Mizuho Financial Group |
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It was established in January 2003 with capital from Mizuho Holdings, Inc. Subsequently, through a share exchange on March 12, 2003, Mizuho Financial Group became the sole shareholder of Mizuho Holdings, Inc. , which in turn served as the holding company of all of the group's banking and securities units. On October 1, 2005 , all subsidiaries of Mizuho Holdings, Inc. were transferred to the direct control of Mizuho Financial Group . Mizuho Holdings, Inc. , no longer a bank holding company, was then renamed Mizuho Financial Strategy , which now focuses on providing advisory services. Although MHFG itself has only 350 employees, it holds assets in excess of ¥1.5 trillion through its control of Mizuho Bank , Mizuho Corporate Bank , and other subsidiaries. The company's combined holdings form Japan's second-largest Banking and Finance group. The company traces its history as far back as the old Yasuda Zaibatsu . On 8 December 2005 a data input error on a stock trade at the brokerage arm Mizuho Securities Co., Ltd. caused a large loss and received a lot of publicity. HOLDINGS
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