
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
December 21, 2022: -Global demands were jolted fr after the Bank of Japan unexpectedly widened its capping on 10-year Japanese administration bond yields, sparking a sell-off in bonds and stocks worldwide.
The central bank caught marking off guard by tweaking its yield-curving control (YCC) policy allowing the yield on the 10-year
Japanese Government Bond (JGB) transferred 50 basis points on either side of its 0% target, up from 25 basis points, in a move aiming at cushioning the effects of prolonged monetary stimulus measures.
In a policy statement, the BoJ added that the move intended to “improve market functioning and inspire a smoother formation of the entire yield curving while maintaining accommodative financial conditions.“
The central bank introduced its yield control mechanism in September 2016 to lift inflation towards its 2% target after prolonged economic stagnation and ultra-low inflation.
The BoJ, an outlier compared with most major central banks, also left its benchmark interest rate unchanged at -0.1% Tuesday and vowed to increase the speed of its 10-year government bond purchases, retaining its ultra-loose monetary policy stance. In contrast, other central banks worldwide continue to hike rates and tighten monetary policy aggressively to rein in sky-high inflation.
The YCC changed the Japanese yen and bond yields worldwide to rise while Asian-Pacific stocks tanked. The 10-year JGB yield briefly increments to over 0.43%, increasing since 2015. Japan’s Nikkei 225 closed down 2.5%.
In Morning, the U.S. dollar decreased by 3.3% against the Japanese yen.
U.S. Treasury yields increase, with the 10-year note, which increases by around seven basis points to just because 3.66% and the 30-year bond rising by more than eight basis points to 3.7078%. Yields move inversely to prices.
Shares in Europe retreated, with the pan-European Stoxx 600 shedding 1% in early trade before which recovers most of its losses by late Morning. European government bonds sold off, with Germany’s 10-year bund yield up almost seven basis points to trade at 2.2640%, which has slipped from its highs.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
April 23, 2025: The Canadian government has introduced new legislation to regulate the use of artificial intelligence in education and healthcare, focusing on accountability,
April 17, 2025: Prime Minister Justin Trudeau s government is under growing political pressure over its current immigration strategy.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you