So bro we agree an Arm race is good for China, Some may say it may bankrupt the Chinese BUT selling weapons to other country with adversarial relationship with US is a great counter move, making the American spend more and over stretch their already depleted resources.It isn't predetermined. At least not yet. Missiles aimed at each other, unless nuclear of course, don't matter that much: they sleep.You aim at me, I aim at you, we can live and even trade like this for decades. The mutual threat itself is a reasonable guarantee.
Right now Japan can be broadly described as follows:
Industrial, maritime country, firmly economically intertwined into the added-value chain of pax Americana, completely dependant on two main groups of SLOCs - eastern (transpacific to US west coast and Panama) and western (SEA, Gulf, Europe).
The whole "western" group is completely reliant on US maritime power, and in case of any breach in the 1st Island chain, but especially in case of Taiwan (which is basically lone large terrestrial piece controlling all the surroundings - behind it we basically get empty western Pacific) this guarantee doesn't cost any paper it is on. Japan simply can't do anything equal to China, it's simple geography.
Japan, in the end, is a functioning society - part of the larger group of US-aligned, sea-linked societies forming the outer rim of the East Asian mainland. Break the rim - and this model just breaks. You can move the SLOCs away from East Asian mainland, but you can move them only this much outwards to still work. And Taiwan controls the western group in any case.
Japan can't compete both militarily and economically, they know it, ABE try to use the China Threat to lessen the leash hold of the US, but he is naive once occupied they never leave, so they were forced to compromised by Hedging and that for me is a Big Win for China.
For the US employing it's vassal had been a curse, the once guarantee obligation is being question and is getting louder each year as China with Russia rise in prominence and had Escalatory Dominance in the Sphere of Influence, you may include Iran in the mix forming a formidable bloc.