Japanese companies no longer see China as a top destination for investment, and are overwhelmingly turning to India and ASEAN for growth, according to a joint survey by Nikkei Inc. and the U.S. think tank Center for Strategic and International Studies. Ken Moriyasu of the Nikkei Asian review looks at the reasons behind this change.

SINGAPORE, Sep 10 2012 (The Hindu Business Line) – The Association of South East Asian Nations (ASEAN) has been slower in responding to India’s proposal to conclude a Free Trade Agreement (FTA) in Services, former Minister of State for External Affairs Shashi Tharoor said here today.