* Fowler squanders late two-shot lead in regulation * Matsuyama projected to rise to 12th in world rankings (Adds details, quotes) Feb 7 (Reuters) - Hideki Matsuyama edged American Rickie Fowler in a playoff at the Phoenix Open on Sunday to become only the second Japanese player with multiple wins on the PGA Tour. Matsuyama displayed supreme poise in the clutch, overcoming a late two-stroke deficit in regulation as he finished birdie-birdie to catch Fowler at the TPC Scottsdale. "It's been a while since the first one and I'm just really happy today," Matsuyama told Golf Channel via an interpreter. More...