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MotoGP is in Europe because when it started in the 1950s there were many European marques. The racers, the fans and the factories were happy enough with that situation (no sponsors yet). At that time, the Far Eastern factories were virtually unknown. Then Honda went to the Isle of Man and a new era started. Later, sponsors became involved and TV coverage blossomed, kick-starting another new era.
Now, with the dire financial situation in Europe and the high output of many Eastern factories we are probably entering yet another new era.
But with global satellite TV it does it matter where the races are held?
Maybe LJar and the whole GP circus SHOULD move out of Europe to promote their brands in the Asian and Oriental markets, and WSBK become exclusively Europe-based? The MotoGP factory teams could develop Asian riders to create a fan base and market in their countries, while the best Euro riders would migrate to European WSBK and give top entertainment to Euro enthusiasts. Sorted.