"Every Asian economy is dealing with currency strength in one way or another, and it's something they don't want," he said.
Some market participants were concerned yesterday that the meeting might produce a plan to help the Asian economies.
Clearly the trouble with Asian economies was simply that their markets weren't free enough.
China was one of the few Asian economies that survived the crisis.
And so it is very much in our interest to do what we can to support the Asian economies.
It is the strength of Asian economies which mean world growth in this decade and the next will be higher than the past 30 years.
It put an end to the belief that Asian economies could be run along different lines than others.
He predicted that most Asian economies would return to growth in the second half of 1999.
But, as the Asian economies continue their rise, it is sure to come back onto the agenda.
The Asian economies have improved somewhat in the last few months.