https://gyokuro.dev/en/tags/ev/Recent content in EV on Gyokuro Timehttps://gyokuro.dev/images/gyokuro-avatar.pnghttps://gyokuro.dev/images/gyokuro-avatar.pngHugo -- 0.147.9enTue, 21 Apr 2026 00:00:00 +0000https://gyokuro.dev/en/posts/j-curve-lifer/Tue, 21 Apr 2026 00:00:00 +0000https://gyokuro.dev/en/posts/j-curve-lifer/Four firms carry ¥13tn in unrealised bond losses. Headlines call it a crisis. The balance sheets tell a different story – the first time in thirty years that rolling bonds at 3%-plus beats locked-in liabilities.