What impact did Japan 's 1973 oil crisis have on their energy use ?
The deficit in services rose steadily from US$ 99 million in 1960 , to nearly US$ 1.8 billion in 1970 and to more than US$ 11.3 billion in 1980 which can be attributed to rising royalty and licensing payments for Japan 's acquisition of technology from other industrial countries and to rising deficits in the trade - related services of transportation and insurance .