Nintendo Co. (7974), a manufacturer of game consoles that gets a third of its sales in Europe, rose 1.7 percent in Osaka. Qantas Airways Ltd., an Australian carrier, gained 3.8 percent after Macquarie Group Ltd. raised its rating to “outperform,” citing the nation’s strengthening currency to offset fuel costs. Daewoo Shipbuilding & Marine Engineering Co., a crude oil tankers maker, increased 2.8 percent in Seoul after HI Investment raised its target price, citing possible orders for oil rigs.

“It seems like the Greek bond deal is going through; that issue is off the table, at least for the time being,” said Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State Global Asset Management, which oversees about $150 billion. “I wouldn’t expect much out of the BOJ, and obviously people will wait and see what the Fed says.”

The MSCI Asia Pacific Index rose 0.4 percent to 126.67 as of 9:49 a.m. in Tokyo, with more than three stocks climbing fpor each that declined. All 10 industry groups in the measure advanced.

Japan’s Nikkei 225 Stock Average (NKY) rose 0.7 percent. The Bank of Japan is expected to leave policy unchanged at a meeting today after a surprise easing last month.

Australia’s S&P/ASX 200 Index increased 1 percent and South Korea’s Kospi Index climbed 1 percent.

To contact the reporters on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net; Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

http://www.bloomberg.com/news/2012-03-13/asian-stocks-advance-on-optimism-greek-bailout-to-be-compeleted-this-week.html

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