Since the Pacific War didn't go too well for Japan, let's presume that in mid-1941, Japan realises that it does not have a chance of taking on the US and winning, and instead decides that peace is the best option. Obviously, this means that Japan will need to address it's oil shortage some other way, and try to get the embargo lifted, which will involve Japan withdrawing from China.
So presuming that Japan withdraws from China in an attempt to get the US to withdraw the embargo, what will happen next?
Will Japan consider war with Germany? A Japanese naval force would be very useful in the Med, and a Japanese division or two would be helpful to the British.
Will Japan be allowed to keep Indochina, Manchuria, Mengjiang, and maybe even Hainan, or will Japan be forced to hand back these areas to their rightful owners?
How will Japan cope in a cold war? Will they drift towards the Soviets as an alliance of convenience, become a US bulwark in south-east Asia, or become a pariah state, maybe supporting the independence movement in the Dutch East Indies, in the hope of getting hold of the sweet oil on offer, and encouraging other ex-western colonies into their sphere?
So presuming that Japan withdraws from China in an attempt to get the US to withdraw the embargo, what will happen next?
Will Japan consider war with Germany? A Japanese naval force would be very useful in the Med, and a Japanese division or two would be helpful to the British.
Will Japan be allowed to keep Indochina, Manchuria, Mengjiang, and maybe even Hainan, or will Japan be forced to hand back these areas to their rightful owners?
How will Japan cope in a cold war? Will they drift towards the Soviets as an alliance of convenience, become a US bulwark in south-east Asia, or become a pariah state, maybe supporting the independence movement in the Dutch East Indies, in the hope of getting hold of the sweet oil on offer, and encouraging other ex-western colonies into their sphere?