Japan is going to lift their self-imposed ban on weapons manufacturing.
They're doing it to save their economy, and while the obvious parallel is Hitler's Germany, ca. 1930s, I see the Ango-German naval arms race leading to WWI as a better blueprint.
In the years prior to the big breakout, there were the regional conflagerations (Boer War, Boxer Rebellion, Spanish-American War, Balkan War(s) - with all the Great Powers either directly or indirectly by proxy involved.
My question: is there anybody out there who fails to see this as a major step forward to WWIII?
Second question: Are we going to skip worrying about a deepening depression and go straight to worrying about another Bataan Death March?