Rises in crude oil prices, as well as the resultant outflows of income and decreases in production capacity, should be accepted as given conditions for Japan's economy. In other words, they cannot be avoided. However, economic and price developments differed markedly between the periods immediately after the two oil crises emerged.
*  *  *  Director of Ceremonies Members of the Board of Directors of Nam-mic Payment Solution Members of the Media Distinguished Invited Guests, Ladies and Gentlemen I am pleased to join you in witnessing the official launch of Nam-mic Payment Solutions, which will be a second mobile payment services provider authorised by the Bank.