Japan's Mizuho Financial Group likely would have to raise capital after the implementation of Basel III regulations, analysts said. The proposals, published in December by the Basel Committee on Banking Supervision, would oblige banks to hold more core Tier 1 capital. "Following the fundraising of Mitsubishi UFJ [Financial Group] and [Sumitomo Mitsui Financial Group], Mizuho is in a very weak position, especially in terms core Tier 1 capital," said Royal Bank of Scotland credit analyst Kristine Li.

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