Mitsubishi UFJ Financial Group, Inc. today issued a statement in an effort to reassure the market that it intends to go ahead with its US$9 billion investment in Morgan Stanley Inc.

“We have been made aware of rumors to the effect that MUFG is seeking not to close on our proposed investment in, and strategic alliance with, Morgan Stanley,” it said. The firm added that its policy is not to comment on rumors. “Nevertheless, we wish to state that there is no basis for any such rumors.”

MUFG pointed out that the U.S. Federal Reserve approved the transaction on October 6, subject to a mandatory five day waiting period prior to closing. “We expect that the closing of the transaction will occur on the first banking day in New York and Tokyo after the end of that waiting period, which is Tuesday, Oct. 14. MUFG is looking forward to completing the transaction and realizing the benefits of our strategic alliance,” it said.