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.
President Barack Obama warned China the U.S. would protect East China Sea islands administered by Japan and urged the two countries to peacefully resolve a territorial dispute that has raised tensions across Asia.
Japan’s escalating tensions with China in recent years spurred Prime Minister Shinzo Abe to resolve decades-old differences with another neighbor -- Russia. Just as those efforts offered promise, the Crimea crisis hit.