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The Japanese felt that conquering resource-rich territories would establish economic self-sufficiency and independence. They also hoped to jump-start the nation's economy in the midst of the Great Depression. Therefore, Japan set its sights on East Asia, specifically Manchuria, with its many resources.
In short, the Japanese thought that acquiring resource-rich territories would be better for their economy and prevented foreign states from blocking Japans' access to raw materials and crucial sea lanes for getting resources from other places.
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