China bans large shareholders from stock sales but investors still remain cautious despite the rally, reports CNBC's Eunice Yoon.
CNBC's Sri Jegarajah reports on the selloff in Asian equities after Greece was unable to reach a deal with its creditors this weekend.
Ed Rogers, CEO and CIO of Rogers Investment Advisors, says Japan's stock markets will likely get over Greece-related risks in the near term.
Ron Napier, head of Napier Investment Advisors, says the benchmark Nikkei 225 remains dependent on the Japanese yen, which isn't moving much as the Bank of Japan keeps policy on hold.
Japan's Nikkei stock market rose to its highest level since December 1996 on Wednesday. CNBC's Kaori Enjoji reports.
Ray Barros, CEO of Ray Barros Trading Group, says easy money from the U.S. and Japanese central banks are propelling the Nasdaq and Nikkei 225 indexes.
Xavier Denis, global strategist at Societe Generale, says the rally in Japanese stocks is "getting tired for the time being" due to uncertainty over Bank of Japan's monetary policy.
Jeff Powell, CIO of Polaris Wealth Advisers, likes Tokyo-listed firms such as Toyota Motor which have "wonderful growth potential but are currently undervalued."
Apart from improvements in the economy, a global appreciation of stock markets also supported the benchmark Nikkei 225, says Takuji Okubo, principal & chief economist at Japan Macro Advisors.
Nicholas Ferres, investment director of Global Asset Allocation at Eastspring Investments, attributes his bullish stance on Japan to factors such as corporate restructuring and valuation re-rating.
Kathy Matsui, MD & Chief Japan Strategist at Goldman Sachs Japan, outlines the buying opportunities in Japan's benchmark index, such as real estate stocks.
The Shanghai is clearly in bubble territory, says Patrick Chovanec, Silvercrest Asset Management, sharing his thoughts on Chinese stocks when considering asset allocation.
Factors such as improved corporate governance will buoy Japanese equities, says Nicholas Weindling, fund manager at JP Morgan Asset Management.
While the 15-year peak on the Nikkei 225 is an "eventuality", the 7-year high on the Shanghai Composite is a "little more confusing", says Joe Magyer, senior analyst at The Motley Fool.
Improvements in Japan's economy will likely translate into positive support for the equity market, says Manpreet Gill, senior investment strategist at Standard Chartered.
Jonathan Brodsky, managing director at Advisory Research, explains his bullish outlook for Japan's stock markets.
Tai Hui, chief Asia market strategist at J.P. Morgan Funds, outlines the factors that will likely take Japanese equities higher.
Tom Elliott, international investment strategist at DeVere, says Japan and India are key markets to watch.
Tai Hui, J.P. Morgan Funds, provides insight to President Obama's meeting with Japan Prime Minister Shinzo Abe, where the political leaders are expected to talk about trade, economic and military ties.
Joe Zidle, portfolio strategist at Richard Bernstein Advisors, says Tuesday's dismal retail sales will increase pressure on the Bank of Japan to introduce more stimulus, which is good for stocks.