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NEW YORK — There was a time when Japan, like China today, was the rising power in the East that kept military planners in the West awake at night.
“It is very certain that no other nation at the present time is spending so large a part of its revenue on naval preparations,” military author Hector Bywater wrote in the 1921 book “Sea-Power in the Pacific — A Study of the American-Japanese Naval Problem.”
But Japan had a critical weakness: a lack of steel.
“Since the close of the Great War, shipbuilding…
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