Wednesday, September 15, 2010

Mohamed El-Erian, Yen Intervention Unlikely to Succeed

Sept. 15 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., talks about Japan's intervention in the foreign-exchange market to weaken the yen. El-Erian, speaking with Tom Keene and Ken Prewitt on Bloomberg Radio's "Bloomberg Surveillance," also discusses the ineffectiveness of economic policies. (This is an excerpt. Source: Bloomberg)

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