"There is a strong political and financial will for the euro"
- George Boubouras, Melbourne-based head of investment strategy at UBS AG
Japanese stocks rose for a third day on Monday.
The Nikkei 225 Stock Average gained 0.49 per cent, or 42.36 points, to 8,609.00. The broader Topix Index advanced 0.26 per cent, or 1.86, to 728.30.
"There is a strong political and financial will for the euro," said George Boubouras, Melbourne-based head of investment strategy at UBS AG's Australian unit.
"Actions that address the EU challenges will create the opportunity for a sustainable rally ahead."
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