China-Japan rearmament is Keynesian stimulus, if it doesn't go horribly wrong

You could feel the emergence of a new military power, pacifist still in name only. The message that came through loud and clear from talking to officials is that Japan is ready for a fight if necessary, and is convinced that it can sink or shoot down any force sent by China into Japan's waters and airspace -- whether to close in on the Senkaku/Diaoyu islands, or to ratchet up pressure against Okinawa.