Tres Knippa, owner of Kenai Capital Management, says that Japan is going through "a shift of sentiment" and that it's only at the beginning of "a very sharp move lower" for JGB.
Larry Hatheway, chief economist at UBS Investment Bank, says the Nikkei's corrections are due to the fact that a lot of Japanese assets are going through a "fundamental revision" in their valuation.
Nicholas Smith, director and strategist at CLSA, says that despite being "overheated" and having gone through several corrections recently, the Nikkei is still up and valuations remain attractive.
Data Thursday showed foreign investors remained net buyers of Tokyo stocks last week – a period during which the market suffered its steepest single-day sell-off in two years. So, who is behind the selloff?
Richard Harris, Chief Executive of Port Shelter Investment Management expects further action from the Nikkei. He says there are usually secondary effects when markets double in a short amount of time.
What should investors do with equity markets at record highs? Here is a recap of trade tips from today.
Japan took the top spot as the world's largest creditor nation again with a record $2.9 trillion. However, analysts say it could be short-lived since Japan continues to run massive trade deficits. The Nikkei's Sachiko Kishida has more.
Michael McCarthy, Chief Market Strategist at CMC Markets says the Nikkei correction is expected considering how the stock market has climbed so far.
Curtis Freeze, CIO of Prospect Asset Management says Japanese markets may correct up to 10 percent in the coming days. He recommends putting money in REITs for now.
Hans Stoter, CIO at ING Investment Management, highlights that despite the correction, the stock markets are still up on the month and says the Fed's tapering will lead to a "knee-jerk" reaction.
Support for Prime Minister Abe's cabinet remains high, a recent survey has showed. However, the cabinet's approval rating has dipped and disapproval rating risen since the wild ride of Abenomics has kicked in. The Nikkei's Makiko Utsuda reports.
Roger Nightingale, economist at RDN Associates, Martin Schulz, senior economist at Fujitsu Research Institute and Ben Collett, head of Asian equities at Sunrise Brokers, discuss the Nikkei's correction and expectations for the Japanese market.
Sean Corrigan, chief investment strategist, Diaspason Commodities, tells CNBC that Abenomics in Japan is riddled with inconsistencies and unlikely to succeed.
Aaron Smith, managing director at Pecora Capital, tells CNBC there is much less conviction and enthusiasm for Japanese Yen shorts.
While optimism among Japan bulls appears to be largely intact since last week's sell-off, Kingsley Jones of investment advisory Jevons Global believes it's time to be "really cautious" on this market.
As Japan finishes a tough week, options traders are loading on the bearish bets.
Jens Nordvig, global head of currencies at Nomura Securities, tells CNBC there were three things that played in the huge drop in the Nikkei.
Japan's stock market witnessed a second-straight day of heightened volatility on Friday, swinging from gains of 3 percent to deep losses before bouncing back again.
Geoffrey Yu, FX strategist at UBS, discusses the U.S. dollar's recovery against the Japanese yen as well as the Nikkei's drop and says it's a "very healthy correction" for the USD/JPY bulls.
Holger Schmieding, chief economist at Berenberg Bank, says the overall global economic picture is improving with Europe slowly pulling out of recession and the U.S. private sector looking more solid.