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Adviser hails 'Abenomics,' says dollar can rise

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TOKYO (AP) — The expert behind the monetary policies of Japan's new prime minister welcomed the recovering stock market and favorable exchange rate as signs of success Friday, and said the dollar can rise to 110 yen before excessive inflation risks kick in. Koichi Hamada, professor emeritus of economics at Yale University, is the brain behind the "Abenomics" of Prime Minister Shinzo Abe,...