Asian investments are undergoing a seismic shift as Japan's stock markets surge and China's make a steady retreat, according to a report in New York Times.
Once dismissed by major investors, the Tokyo Stock Exchange is making a comeback to levels not seen in nearly 35 years. The benchmark Nikkei 225 Index is approaching its record high reached back on Dec. 29, 1989.
Leading the charge is foreign investment in Japan's stock market, which has topped $8 billion over the past two weeks. The Nikkei 225 has gained about 8% for the month and is up over 30% for the last year.
