That said, the functioning of many markets has remained low, due in part to the impact of a shift to split operations, and investors' risk sentiment has remained cautious. The global financial system has been under severe stress. These developments can be seen in Japan as well.
Njuguna Ndung’u: Launch of the Reconstituted Market Leaders Forum Talking notes by Prof Njuguna Ndung’u, Governor of the Central Bank of Kenya, at the Launch of the Reconstituted Market Leaders Forum, Nairobi, 6 July 2011. *  *  *  Distinguished Chief Executives; Directors; Members; Ladies and Gentlemen: 1.