The last time Masao Namiki bought machinery for his company, Emperor Hirohito had just died, Japanese investors took the Rockefeller Center as a trophy, and a new central bank chief was about to prick the bubble economy. It was 1989.
Mizuho Financial Group Inc. , Japan’s second-largest publicly traded bank by assets, is raising as much as 748 billion yen ($8.4 billion) in its second share sale in a year to comply with stricter global capital rules.
Softbank Corp. President Masayoshi Son is betting $20 billion he can add value by buying control of Sprint Nextel Corp. in the biggest Japanese purchase of a foreign company. There’s 26 trillion yen ($330 billion) that says he can’t.