Asia has economies that respect the rule of law (e.g. sg, kr, several others) but they are small. There are also some large economies (China, India) but they lack much transparency and especially in the case of China obscure manipulation and heavy government participation. Japan of course is the exception (large economy, good governance, good reporting etc) but is less of a growth prospect.
These aren't reasons to put all your money in Europe and none in Asia. I also don't mean to challenge your statement that Europe is the past and Asia the future. But there are good reasons for some people to choose to invest in Europe even if they don't live there.
If that’s your goal, then I’d argue buying Euro bonds would be closer to that, though many have negative interest rates at the moment.