17 A delay in Japan's ICT investment is discussed in Wakatabe, M., "Japan's Economy and Monetary Policy," speech at a meeting with business leaders in Saga, September 2, 2020, https://www.boj.or.jp/en/announcements/press/koen_2020/ko200902a.htm/. In addition, in Japan, the amount of money that firms spend on capability development of their employees accounts for 0.1 percent of GDP.
In doing so, we would have leveraged the financial resources into added productive capacity. However, if these resources remain financial in nature and in search of better returns for risks they deem acceptable, then the onus shifts once again to the Bangko Sentral ng Pilipinas.