Recovery?

After yesterday's carnage, the Tokyo stock market recovered somewhat today. At the close, the Nikkei 225 index was up 10.2 percent. It will be exciting to see if the other exchanges around the world will follow suit.

Yesterday's position, which the Swedish krona took against the US dollar, seems to remain even today. A stronger krona exchange rate favors new acquisitions, while a weaker krona exchange rate favors dividends. Since we receive dividends and make acquisitions in largely the same market, the krone exchange rate is usually of secondary value to us.

But at the moment, due to our upcoming negotiations with Nordea about the extra function, a weak krona rate is important to us.