However, this ended in the painful result of incurring credit losses of more than 200 billion yen. Today, as mentioned earlier, comprehensive safety nets are installed, and the DICJ has a broadened capacity to provide funds including capital injection.
At that point, the marginal pricing of oil, which for so long had been resident on the Gulf coast of Texas, moved to the Persian Gulf. To capitalize on their newly acquired pricing power, many producing nations in the Middle East nationalized their oil companies.