WI: The Russian-Japanese war becomes a stalemate

So what if Japan due to their high losses and Russia due to unrest at home and difficult logistics, get into a stalemate with no side able to win in the short term? How long would the conflict go on? Would we see trench warfare years earlier, thus causing loads of butterflies? And how would a possible peace of exhaustion look like?
 
Russia would win. Not because their prestations on the battlefield would be so amazing, but simply because the Japanese would run out of money fast.
 
Japan goes bankrupt and is forced to sue for an armistice as if I remember rightly the Japanese economy was already teetering on the edge and if they hadn't won when they did or fairly soon afterwards they would of been in real trouble. At best they're likely to be able to get some sort of status quo ante bellum agreement, more likely having to pay at least some reparations since they did declare war and are the ones that lost. Russia is going to keep control of Manchuria as part of their sphere of influence, Japan is certainly not going to get any parts of China and for Korea it depends on how the peace treaty shakes out whether it's led by anyone or like Roosevelt or simply a bilateral deal. Could the Japanese be put in a bad enough position that as well as not getting to add northern Korea to their sphere of influence that they even get forced out of the southern half of the country as well? I don't know enough about the internal politics of either country at the time to hazard a guess at what the various outcomes might do for them internally.
 
Ja, what everyone else has said.

Japan loses big time.

Of course, Russia could lose in terms of suffering a revolt at home, but Japan's going to go bankrupt really soon, at which point they're lost. Russia is unlikely to have a SUCCESSFUL revolution at this point, IMO, especially if they're 'winning', so worse Japanese losses, especially in Korea.
 

Grey Wolf

Donor
Well, it did really. Japan couldn't really hope to press much further on land, and having won the naval war, their naval supremacy became ironically irrelevant outside of the needs of the land war (secure transport of troops and munitions etc).

The Treaty of Portsmouth *(USA) is often seen as a Russian victory in defeat but was indicative of the fact that Japan was close to using up all remaining credit lines, and IIRC running out of coal.

Best Regards
Grey Wolf
 
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