Assuming that an infectious disease exerts downward pressure on the natural rate of interest, large-scale fiscal policies may work to push up that rate. It is also important to raise people's growth expectations by enhancing market environments mainly through regulatory reforms.
In particular, in order to further push forward with telework and digital transformation, what is essential is investment in information and communication technology (ICT), as well as investments in training of employees and reorganizing corporate structures, both of which complement such technology.