Obviously, the line between "transformation" and "interaction" is not clear, but consultants who have studied this topic believe that these interaction costs account for 55 percent of all labor costs, with some industries, such as financial services, estimated to have interaction costs as high as 70 percent of labor costs. I cannot verify these numbers, but the general concept seems useful.
Concluding remarks Let me briefly touch upon some relevant issues for the economy in Okayama Prefecture. I stated a short while ago that, in order to overcome deflationary pressures, (1) efforts to strengthen growth potential are crucial and (2) business firms, financial institutions, the government, and the Bank should make such efforts within their respective roles.