Fine analysis godofthunder9010 except
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Political: 1.) Allying with Japan. This alliance had no possible means of benefiting Nazi Germany with Britain and the USSR in play
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This is often said, but I have always found this difficult to understand since the British war was mainly a naval one and Japan had the superior navy in the world prior to Midway, and certainly far superior to Britain's. True Japan was remote from the European theater, but German ships roamed far and wide using their refueling ships until they were eventually destroyed with help of intelligence data (actually this was one innovation Britain and Japan never mastered). If there was some trust and coordination built up between the axis nations (admittedly unlikely) the French Western ports could have been used for carrier bases, and This would have also spelled the end of the battle of the Atlantic.
Simply concentrating on British possessions in the East, rather than attacking Pearl Harbour could have had Churchill sending the remainder of the elderly British battleships and outdated fleet air arm for destruction in the Indian Ocean to protect his precious India. Middle Eastern oil would then have been up for grabs for both Germany and Japan.
Of course if there was no British involvement and with the US out of the war then there wouldn't be any need for German defence or offense in the West, and no Arctic convoys or Persian route to supply Russia either. Could Russia have survived then?