Taking these factors into consideration, the Bank will continue to closely examine developments in economic activity and prices as well as financial conditions. II. The Bank's Conduct of Monetary Policy Now, I would like to talk about the Bank's conduct of monetary policy. The Bank has enhanced monetary easing since March in response to COVID-19 (Chart 6).
Specifically, it has conducted the following three measures: (1) the Special Program to Support Financing in Response to the Novel Coronavirus (COVID-19); (2) an ample provision of yen and foreign currency funds without setting upper limits, mainly by purchasing Japanese government bonds (JGBs) and conducting the U.S. dollar funds-supplying operations; and  4  (3) active purchases of exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs).