Bank of America Merrill Lynch

Bank of America Merrill Lynch oakley sunglasses cheapest for women online outlet 1691 said its top pick of major Japanese banks was Sumitomo Mitsui Financial Group, and raised its price target on the bank as well as Mizuho Financial Group. "While the stock prices should continue to be affected by euro zone factors, we believe Japanese banks fundamentally offer good value and should be less affected by such global concerns, with asset risks quite low and solid growth possibilities supported by business expansion in the U.S. and Asia," Merrill Lynch said in a report. Steelmakers rose 1.6 percent, rebounding from the previous session's fall after U.S. AK Steel forecast second-quarter profit that fell short of analysts' expectations and Tokyo Steel Manufacturing Co Ltd planned to drop prices for all contracts signed in July. But a trader said the sector oakley sunglasses fashion for men 2012 hot sale 1692 continued to face headwinds as ArcelorMittal, the world's largest steelmaker, was considering cutting more capacity in Europe to tackle over capacity and shrinking demand in the region, while a report that Toyota Motor Corp will cut its production capacity in Japan by more than 10 percent also boded ill for the country's steel firms. Toyota put on 1 percent, while Honda Motor Co Ltd rose 1.6 percent after Nomura upgraded the carmaker to "buy" from "neutral" and lifted its price target, saying the company's U.S. sales had recovered faster than expected. The broader Topix climbed 1.3 oakley sunglasses hot sale best online 1693 percent to 744.48.