As China’s markets stumble, Japan rises toward record

News Snapshot:

Open this photo in gallery: A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, Jan. 26 in Tokyo.Eugene Hoshiko/The Associated Press There’s a shift underway in Asia that’s reverberating through global financial markets. Japan’s stock market, overlooked by investors for decades, is making a furious comeback. The benchmark Nikkei 225 index is edging closer to the record it set Dec. 29, 1989, which effectively marked the peak of Japan’s economic ascendancy before a collapse that led to decades of low growth. China, long an impossible-to-ignore market, has...