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News Summary: Sony CEO praises Japan's 'Abenomics'

The Associated Press

HIGH PRAISE: The chief of Sony Corp., Kazuo Hirai, praised Japan's prime minister for his efforts to jump-start the economy and put the nation back on the global stage.

ABENOMICS: Prime Minister Shinzo Abe, who took office late last year, is banking on policies dubbed Abenomics that center on structural reforms, easy monetary policy, relaxed labor regulations and free trade to return to growth.

RESULTS: The benchmark for the Tokyo stock market has recovered since Abe took office. Japanese companies have benefited from a weaker yen, which helps exporters.