Asian Stocks Head for Highest Close Since May on BOJ

Sept. 19 (Bloomberg) -- Asian stocks rose, with a regionalbenchmark index poised to close at the highest level since May,as the Bank of Japan boosted asset purchases, joining moves bythe Federal Reserve last week to stimulate economic growth.

JFE Holdings Inc., Japan’s second-biggest steelmaker,climbed 2.1 percent after the BOJ moved to prevent a rising yenfrom undermining an economic recovery. Nissan Motor Co. advanced3.7 percent, recovering some of yesterday’s losses, as thecarmaker resumed production in China after violent proteststargeting Japanese companies in a dispute over control of agroup of islands. Japan Airlines Co. rose 1.1 percent on itsfirst day of trading following the largest initial publicoffering since Facebook Inc.