Nikkei climbs 1.5 pct

The bank also decided to set up,as a temporary measure,a 5 trillion yen 60 billion fund to buy a series of assets ranging from government bonds and short-term government securities to commercial paper and corporate bonds.

The BOJ will accept another 30 trillion yen of those assets as collateral under a loan scheme.

The benchmark Nikkei rose 137.70 points to 9,518.76. The Nikkei posted the biggest daily percentage gain since September 15 8212; the day when the BOJ intervened in the currency market for the first time in more than six years.

The broader Topix climbed 9.90 points,or 1.2 per cent,to 832.64.