Asian stocks rose, with a regional benchmark index poised to close at the highest level since May, as the Bank of Japan boosted asset purchases, joining moves by the Federal Reserve last week to stimulate economic growth.

Nikkei 225 9,232.21 +108.44 +1.19%

S&P/ASX 200 4,418.4 +23.67 +0.54%

Shanghai Composite 2,060.13 +0.59 +0.03%

JFE Holdings Inc., Japan’s second-biggest steelmaker, climbed 2.1 percent after the BOJ moved to prevent a rising yen from undermining an economic recovery.

Nissan Motor Co. advanced 3.7 percent, recovering some of yesterday’s losses, as the carmaker resumed production in China after violent protests targeting Japanese companies in a dispute over control of a group of islands.

Japan Airlines Co. rose 1.1 percent on its first day of trading following the largest initial public offering since Facebook Inc.