Prime Minister, may I take this opportunity to thank you most sincerely for finding time from your busy schedule to grace this important Forum whose theme is Investing Differently in Women. Your presence demonstrates the seriousness with which the Government of Kenya embraces the role of women and participation in the development process and more importantly their role in the financial sector.
During Japan's deflationary period, as well as the period of economic recovery in the mid-2000s, many firms put off making base pay increases. Such increases have resumed since 2013, amid a moderate rise in inflation on the back of large-scale monetary easing, and base pay has increased for nine consecutive years, including this fiscal year.