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The Japanese operation, like the earlier attack on Pearl Harbor, sought to eliminate the United States as a strategic power in the Pacific, thereby giving Japan a free hand in establishing its Greater East Asia Co-Prosperity Sphere. The Japanese hoped that another demoralizing defeat would force the U.S. to capitulate in the Pacific War and thus ensure Japanese dominance in the Pacific.
The Japanese plan was to lure the United States' aircraft carriers into a trap. The Japanese also intended to occupy Midway as part of an overall plan to extend their defensive perimeter in response to the Doolittle Raid. This operation was also considered preparatory for further attacks against Fiji and Samoa.
The plan was handicapped by faulty Japanese assumptions of the American reaction and poor initial dispositions. Most significantly, American codebreakers were able to determine the date and location of the attack, enabling the forewarned U.S. Navy to set up an ambush of its own. Four Japanese aircraft carriers - Akagi, Kaga, Soryu and Hiryu, all part of the six carrier force to launch the attack on Pearl Harbor six months earlier - and a heavy cruiser were sunk at a cost of one American aircraft carrier and a destroyer. After Midway, and the exhausting attrition of the Solomon Islands campaign, Japan's shipbuilding and pilot training programs were unable to keep pace in replacing their losses while the U.S. steadily increased its output in both areas.
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