In response to the impact of COVID-19, the Bank has continued to support financing, mainly of firms, and maintain stability in financial markets by conducting powerful monetary easing since March 2020 through the following three measures: (1) the Special Program to Support Financing in Response to the Novel Coronavirus (COVID-19); (2) an ample and flexible provision of yen and foreign currency funds, mainly by purchasing Japanese government bonds (JGBs) and conducting the U.S. dollar funds-supplying operations; and (3) purchases of exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs).
Taking into account interest of some banks to position themselves well in our market irrespective of current losses but with a view to the expected growth of Serbian economy on the longer run, the real battle for clients is yet to begin.