As FORBES has pointed out, this depressed the total salary expense line in the income statement, further diminishing the quality of reported earnings.

FORBES: Market trends: acks in the Nifty Fifty

As FORBES GLOBAL has pointed out (see "Stock options are not a free lunch, " May 18), this depressed the total salary expense line in the income statement, further diminishing the quality of reported earnings.

FORBES: Cracks in the Nifty Fifty

Japanese financial stocks, as especially the megabanks, have been in a positive feedback loop of balance sheet and income statement translation gains from a weaker yen and the prospect of increased loan volumes and interest earnings from higher domestic loan demand.

FORBES: Whither Japan Stocks: Is the Bullish Case Still Intact?