To expand on what Guy said, put the following commands in a script:
alter table table-name ACTIVATE NOT LOGGED INITIALLY;
update table-name set columnname1 = 'value1' where columnname2 = 'value2';
commit;
Run the script with the following options to turn off auto-commit:
db2 +c -tvf script-name
As soon as the commit happens, the logging will be turned back on.
Caution: If the script fails during execution then the table may be corrupted, so back it up first. If you have DB2 version 7, then the table must have been created with NOT LOGGED INITIALLY when it was first created.