http://www.reuters.com/article/2012/11/11/us-china-japan-family-idUSBRE8AA0EY20121111
A Japanese real-estate investor sells 3 uninhabited islands to Japan that have for centuries been considered a part of China's domain. This sale angered China and caused boycotts and violent protests. China believes this is a "nationalisation of private property".
These islands are claimed by Japan, China, and Taiwan (and are closest to Taiwan). For over 100 years disputes have risen over who actually owns the islands. The investor's family supposedly bought them in 1972, and have been working for years to sell them to Japan.
Kye Manuel Holston 2012Nov11
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