The first war the the economic war. Japan isn't impoverished by any standards. Most of it's debt is in yen, money owed is in yen, held within Japan and it has enormous offshore assets including the second largest holding of Tbills.
I couldn't see those ties with the US being broken for any reason. China is on a military build up of enormous proportions. I would expect a retaliatory buildup by Japan, Korea, Vietnam, and the Philippines in response. I believe the Politburo is making a large error. Japan and the US have the money muscle and regional influence to confront China. This confrontation is via currency wars at the moment, and just like Reagan and his star wars program bankrupted the USSR, China will be forced to sell down it's currency reserves in order to protect it's pegged currency.
The next phase is military.
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