RTRS: Nikkei climbs 1.5 pct after surprise BOJ rate cut
Oct 5 (Reuters) - Japan's Nikkei average advanced 1.5 percent on Tuesday, posting its biggest daily percentage gain since September 15, after the Bank of Japan cut interest rates to zero in a surprise move.
The central bank pledged to keep rates at zero until prices are seen stable.
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. [ID:nTOE69305D]
The benchmark Nikkei .N225 rose 137.70 points to 9,518.76. The Nikkei posted the biggest daily percentage gain since September 15 -- the day when the BOJ intervened in the currency market for the first time in more than six years.
The broader Topix .TOPX climbed 9.90 points, or 1.2 percent, to 832.64. (Reporting by Aiko Hayashi and Chikafumi Hodo; Editing by Joseph Radford)
