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What if the Allies, after stopping the Japanese advance by summer of 1942, decided just to contain Japanese empire and just use raids and submarine warfare to strangle Japanese economy until build-up of new US and UK fleet and ground force units is completed by late 1944?

What kind of options would this open for Europe as shipping and landing craft availability would be better and larger Indian contingent would be available? Invasion of France by 1943? Landings in Northern Italy in 1943? Landings in Norway and then Denmark?
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