A recent post by Matt ponders some historical Japanese phonology, particularly the loss of (some instances of) intervocalic /m/ and the fusion of /au/ to /oo/ (written <ou> おう) in modern Japanese, though only rarely pronounced such. I’d guess that the change was, put simply, [ɑmu] > [ɑ̃ũ] > [ou] (> [o:]).
In fact, through my study of Japanese as a second language, even before I started to learn about language change and common paths of phonological change, I noticed a certain type of pattern of sound change in Japanese occurring both in history and synchronically. Namely, weakening of labial stops. In addition to the the above change, also mentioned in this languagelog post by Bill Poser, there is also the well-known p > ɸ > f changes from Classical to Old to Modern Japanese, which gives kawa from kapa (river), and lies dormant in compounds like tabi-bito ‘traveler’ (didn’t get that? Look up rendaku). p is also preserved in non-intervocalic environments like geminates and post-nasally. And of course, I need not mention the loss of w before all vowels but ɑ. Read more »