Japanese bank Mizuho Financial Group Inc. announced Tuesday it would list on the New York Stock Exchange taking the first step among the Japanese banking institutions that are eager to list on NYSE.

The bank will have to adopt the US generally accepted accounting principles to list on the Big Board. This is the first Japanese bank that showed the desire to come to the US market through the NYSE.

Mizuho said it would cooperate with Wachovia Corp., Wells Fargo & Co.and Bank of New York Co. in an attempt to develop asset-management products for retail customers.

"We need proper advanced preparation ... as we are facing an uphill battle," said Mizuho’s President Terunobu Maeda.

Mizuho will file for the listing in June, 2006, according to the bank’s spokesman.